Gambling Or Investing – Which Game Are You Playing? | Erik Averill, Brandon Averill | AWM Insights #17

Over the last couple weeks, we've seen the return with a vengeance of volatility in the markets with some of the biggest highs and lows in history all within a short time span. With these swings, we're starting to see non-investor voices give investing advice that really boils down to gambling.  The message from these media personalities is loud and clear: now is the time for people to become active investors. 

Is there room for this type of investing? The answer revolves around your current situation and your long-term goals. In this episode, Erik & Brandon give some helpful thoughts on how to view this concept and address topics and questions including:

• Why Shaq’s free throw record relates to investing
• The myth of entertainment-based trading
• Should we pay attention to what the media is telling us? How much credence should we give to news sites advice on the investment decisions we should be making?
• Day trading vs long-term investing
• How the active investing we're seeing in mainstream conversations is similar to sports gambling
• How do we most effectively grow our wealth over the long-term?
• How do you stay disciplined over the long term and not fall for the get rich quick gimmicks?