Most investing advice tells you what to buy. Barry Ritholtz would rather tell you what NOT to do. This week on Ticker Take, we sit down with Ritholtz, co-founder and chairman of Ritholtz Wealth Management and the author of How NOT To Invest. Barry walks us through 9 mistakes investors (including pros) often make — from trying to time the market to anchoring to what you paid. Plus, he walks us through the simple approach he uses to avoid making mistakes. As always, this is not financial advice.
Chapters:
0:00 Intro
0:16 What you should NOT do as an investor.
0:54 Why avoiding mistakes is the key to investing!
1:39 Some of the ways to be a successful investor.
3:34 Pros make these mistakes too!
4:44 Mistake 1 - Timing the market
7:34 Mistake 2 - Complex over simple
9:11 Mistake 3 - Politics over patience
11:33 Mistake 4 - Ignoring compounding
14:08 Mistake 5 - Survivorship bias
17:00 Mistake 6 - Panic selling
19:03 Mistake 7 - FOMO buying
20:29 Mistake 8 - Action bias
21:52 Mistake 9 - Anchoring to cost
This episode of Ticker Take is brought to you by our good friends at Global X Canada. And this time, they're giving away something you can actually hold: a one-kilogram bar of pure silver, worth around thirty-five hundred dollars. The contest is free to enter, no purchase necessary, and one lucky Canadian takes it home. Enter at GlobalX.ca/contest.
More here: https://www.globalx.ca/silver-bar-contest
And, of course, a big thanks to Barry Ritholtz for joining us on Ticker Take!
His incredible book How NOT To Invest in now out in paperback! You can find it here: https://www.hownottoinvestbook.com/
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Exec Producer/Co-Host: Caroline Lesley - https://www.instagram.com/caroline.lesley/
About me:
I’ve covered the stock market for more than 25 years and worked at places like Bloomberg and Fortune. I launched my YouTube channel to share with you the investing insights I've had access to! Why Ticker Take? Well, there are thousands of stocks. They all have different TICKER symbols. We explore lots of them and talk to experts…getting their…ticker take!
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