@nobudgetbabe: Picture this... You find out you're going to need surgery and you're given two options. The first one is simple, a proven process, it's been successful over the last century, and you'll get the results you're looking for easily. And the second? The second is time consuming, based on luck, and the surgeons who do well once don't usually do well again. It also has an 80-90% death rate. But there's a 2% chance you could do better than option 1 with your recovery. With stats like that, why would anyone ever pick option two? Because of overconfidence bias. They believe that they'll be the ~one~ who gets better results than everyone. Is this just my opinion? No, it's based on facts and data. So you can choose the easy proven route, or you can take your chances with the other. The boring, tried and true option is better here, and it's better for investing as well. Depending on the study you look at, between 80-90% of day traders lose money, with 98% of them unable to beat the index. Stop gambling with your money, and learn the right way to build wealth. Grab your spot in our free investing masterclass to keep learning. Find it on our website under FREEBIES 🤍
Nicole Victoria | Money Coach
Region: CA
Wednesday 02 August 2023 15:07:17 GMT
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sun.sal.sam :
Is wealthsimple managed investments the same as day traders?
2023-08-02 16:28:38
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