07.05.23 BEST OF: Speculation Vs Real Investing / Beware Fake Shopping Sites

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 5 July 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Please enjoy this Best Of episode. Clark returns from travel adventures July 17th. Many took the wrong lesson from the speculative fever of 2020-21. As meme stock & crypto frenzy stoked message boards, people drove values up, and many ended up with heavy losses. Gambling & speculation should never be confused with investing. Understand the power of DULL and other lessons from a tortoise investor. Also, a booming scam area - FAKE search results and FAKE ads on social media with links to FAKE shopping sites. A few easy steps will help keep you safe from online scams. Clark gives you the rules of the road for shopping online. Gambling Vs Investing: Segment 1 Ask Clark: Segment 2 Fake Shopping Sites: Segment 3 Ask Clark: Segment 4 Mentioned on the show WSJ - The Retreat of the Amateur Investors 5 Sneaky Ways To Improve Your Credit Score NYTimes.com: With Many Retailers Offering Online Sales, Phony Sites Blend In Clark.com- How To Spot a Fake Online Store in 6 Easy Steps Virtual Credit Cards: An Online Security Measure Worth Taking? Fidelity Investments Review 2022: Pros & Cons Metro by T-Mobile: 6 Things To Know Before You Sign Up T-Mobile 5G Home Internet: 5 Things To Know Before You Sign Up Verizon Home Internet: Things To Know Before You Sign Up Clark Howard's 4 Travel Rules You Should Follow Right Now Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Maltesers salutes their mother lovers. They can be your boss, your partner, your friend or, you know, yourself.
0:08.1	One thing we know is that every mum deserves a mother lover. Find helpful tips for mums and
0:13.5	mother lovers at mortises.co.uk. Maltesers, less light in the load for working mums.
0:20.0	I hope you're having a great holiday week. I am off on adventures, so this is a best of edition
0:28.5	of the Clark Howard podcast. I hope you enjoy it and that you have an enjoyable holiday week.
0:40.3	I'm so glad to welcome you here to the Clark Howard show our emissions to serve you and empower you
0:46.0	so you can make better financial decisions in your life. One way we try to do that is through our
0:51.5	newsletters. You sign up at Clark.com slash newsletters. You know what our subscription price is?
0:59.0	Free. That's right. Today I want to tell you about a trend in investing that has ups and downs. We
1:07.8	got to talk about it and fake online stores have spread like the plague and it's not always
1:15.1	easy to tell the difference. I want to share with you some steps you should take before you click
1:22.2	to purchase it. What could turn out to be a crooked site or just flat out crooks. So a lot of people
1:33.6	got into the frenzy of speculation in 2021 and it was all the rage to be on investing message boards.
1:44.4	It was in many ways a form of gambling. People were lonely. They were isolated.
1:51.8	People believed what they were seeing on Reddit and at various social media sites.
1:59.2	And I have WhatsApp for when I travel is funny with WhatsApp because of all the spying that Meta does
2:07.8	with WhatsApp. I remove it and then when I'm going on a trip again I add it back on because it's so
2:13.9	important when you're traveling outside the United States to have it but I digress. But people on WhatsApp
2:22.9	every single day when I'm active on WhatsApp I'm getting things that show up from investing in this
2:31.0	investing in that investing in the other and they're trying to get me to join their chat and all
2:36.2	that. Well you know where I'm going with this. So many people got into this speculative fever
2:43.1	in investing in stocks. Remember when the movie theater chain was going way up in value even though
	...

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