3198: Stocks - Part III: Most People Lose Money In The Market by JL Collins on The Psychology of Money

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 2 July 2025

⏱️ 12 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 3198: J.L. Collins reveals the psychological traps that cause most investors to lose money in the stock market, despite its long-term upward trend. From panic selling to the illusion of stock-picking skill, he outlines how emotional decisions, media noise, and overconfidence sabotage returns and why the smartest move is often the simplest: stay the course with index funds. Read along with the original article(s) here: https://jlcollinsnh.com/2012/04/25/stocks-part-iii-most-people-lose-money-in-the-market/ Quotes to ponder: "We are psychologically unsuited to prosper in a volatile market." "Even slightly beating the Index year after year is vanishingly difficult." "It is the beer that is the real, operating, money making underlying businesses beneath all that foam and froth that relentlessly drives the market ever higher." Episode references: The Psychology of Money: https://www.amazon.com/Psychology-Money-Timeless-lessons-happiness/dp/0857197681 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:01.1	This is Optimal Finance Daily. Stocks. Part 3. Most people lose money in the market.
1:08.0	By J.L. Collins of J.L. Collins.N.H.com. So here we have this wonderful
1:14.9	wealth building tool that relentlessly marches upward, but, and this is a major but,
1:21.4	boy howdy is it a wild and unsettling ride. In part one and part two, I presented you a very rosy view of the stock
1:31.1	market and its wealth building potential. Everything I wrote is true, but this too is true. Most
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