2812: One Big Expensive Investing Mistake to Avoid by Jay Delaworth on Building Wealth

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 29 July 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2812: Jay Delaworth highlights the critical mistake of not having an exit strategy in investing. He emphasizes that without a plan for when to sell, investors risk making emotional decisions that can significantly damage their financial future. Understanding and establishing clear rules for selling can prevent costly errors and ensure more stable investment outcomes. Read along with the original article(s) here: https://moneyminiblog.com/investing/expensive-mistake Quotes to ponder: "Just because your friend, colleague or favorite uncle is making an investment, doesn’t mean it’s a good one!" "Without a logical and well-thought out exit strategy, you open yourself up to huge risk." "In my experience, the biggest losses come from betting on a specific stock or company and riding it all the way to zero." Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:27.1	This is optimal finance daily.
0:29.5	One big expensive investing mistake to avoid, J Delaworth with money mini blog.com and I'm
0:37.0	your host and personal finance enthusiasts Diana Miriam.
0:41.1	Now let's get right to it as we optimize your life.
0:44.0	One big expensive investing mistake to avoid
0:51.0	by J Delaworth with Money
0:53.5	mini blog.com.
0:56.7	These days you can get started investing online
0:59.3	with only a couple of dollars.
1:01.5	And the whole process of creating and funding a brokerage account can usually be done
1:05.7	from your couch, even if you only have a few minutes to spare. So at the end of the day, it's fair to say
1:12.2	we're extremely lucky to live in this era of unparalleled and ever increasing financial access.
	...

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