Lie Number 1 – You Can Pick Profitable Stocks, Consistently

Lie Number 1 – You Can Pick Profitable Stocks, Consistently

Join Margaret Wittkopp and Jim Rosetti in today’s episode, they discuss the fallacy of stock picking.  Matson Money defines the problem like this:

The belief that you need a forecast or prediction about the future to be a successful investor.

Listen in on this episode as Margie and Jim debunk this thought process.

 

Highlights

(1:35) Defining investor prediction syndrome

(2:45) Scientific principles for investing

(5:00) Retail funds are actively managed by forecasters

(9:42) Stock picking leads to random results

(10:40) Egos can get in the way of successful investing

(12:06 ) Defining ’empirically tested’

(12:15) Equities outperform fixed assets over time

(14:33) No one can predict the future

(17:20) Fiduciaries act in your best interest and use plain language

(25:14) Creating financial awareness

 

Key Links:

Veritas Financial Services, LLC Website: http://veritasinvesting.com/

Two-day seminar provides an extraordinary financial education opportunity called the American Dream Experience (Event link)