What's up, guys, George Camel here. You're about to listen to a clip of last year's

Investing Essentials virtual event. It was a two-night deep dive into investing and real estate

hosted by me and Dave Ramsey. And we're gearing up to do this event again, but we'll be covering

even more topics than before, like what's going on with the economy and what you can do about

it. You can watch it live on March 4th and 5th of 2025

and start investing with confidence. You can get your tickets today at ramsysolutions.com

slash events. Enjoy the clip.

This episode is brought to you by SmartVestor. Connect with an investing pro near you at Ramsey Solutions.com

slash SmartVester. And Dave, as I've been doing this now for years, you know, I did the podcast,

the fine print, where I broke down kind of what's really going on with some of these traps.

And in my book, Breaking Free from Broke, I dedicated a whole chapter to investment traps because

it's all I see now on social media.

And I'm getting DMs from you guys saying, hey, is this a good idea?

And I saw this video where this guy said I should invest here or speculate here.

So I want to go over some of the biggest investment traps to avoid before we talk about how

to do it the right way.

So the first one, Dave mentioned, single stocks. These are shares,

tiny pieces of ownership in different companies. And when a company goes public, you've heard that

before, they sell these shares to investors to pay for their business growth goals. So over time,

the hope is that the value of that stock will grow and you get a return on your investment.

So here's my hot take when it comes to single stocks.

Single stocks are like betting all of your money on a single racehorse.

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