Fresh out of the content room, we've got some other financial YouTubers for us to react to.

I am so excited to see what the content team has in store for us today. Let's dive right in.

This chart shows the percentage of periods where investors earned a positive return by a variety of different holding periods.

Over short-term holding periods like one day, two months, or three months, the odds of making the stock market are slightly better than a coin flip. If you extend that out to holding periods of one year, two years, or three years, your odds start to improve all the way up to about 75% chance. Love that. Once you start to buy and hold for a multi-year period, such as five years or ten years, your odds improve greatly to nearly eight or

nine chances out of 10. And if you increase your holding period to all the way to 20 years,

your odds of making a total positive real return in the stock market are 100%. Now, Wall Street

traders are forced to focus their time and attention over here. However, if you're an individual

that can invest with a long-term mindset, your odds of making money in the market can improve substantially simply by holding onto stocks for a longer period of time.

Hey, and Bo, you know something we know. If you add diversification on top of this, you can actually

push that years to take it to 100% even lower. That's right. We know in finance, nothing is guaranteed. However, man,

if you can stretch your timeline, there is a high probability of success that you will have a

favorable investing outcome. But it's like you said, you have to give it enough time.

You have to not focus on the short term because in the short term, it can be a little frenetic. It can be volatile. It can be all over the place. But if you stretch it out, it's a pretty smooth ride. Four things that broke people buy that wealthy people don't. Number one are lottery tickets. So a bank rate study found that U.S. households with incomes under 30K spent an average of $412 per year on lottery tickets,

which is four to five times the amount spent by households earning over 75 times.

How about 400 times?

By lottery tickets, lower income households spend a much larger percentage of their income

chasing an improbable win.

Number two are extended warranties.

So when you're at Best Buy and they try to sell you that $200 extended warranty on a $500

TV, do not buy these.

In general, they are just not worth the money and they often will have exclusions and

they might not even cover the repairs for the damages that happen to your product.

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