Hey guys, real quick. So Layland and I are definitely working on our social media presence if you guys haven't noticed and we're just breaking now into linked in.

Alright, it's not as bad as I thought. It's actually been pretty awesome so far and you guys have been really cool in there and people are sharing our stuff a lot.

So if we aren't connected on LinkedIn, go ahead and let's connect and let's rock and roll.

The first and highest performing portfolio activity were people who had purchased stocks and then died.

Welcome to the Jim Secrets Podcast where we talk about how to get more customers, how to make more customer and how to keep them longer.

And the many failures and lessons that we have learned along the way. I hope you enjoy and subscribe.

What's going on everyone, my name is Alex Ramozy and I am the host of the show owner of Alan Pristigel Labs, Jim Launch, done 120 million in sales in 44, 45 months.

And I have nothing to sell you. So what I want to talk about today is something that I think is really important to get a lot of questions about.

And it's about long term short term investing and some big pitfalls and I just want to share with you some of the mistakes that I've made in this kind of transition that I've been through going from CEO to investor slash capital allocator.

And so the first thing is I want to share some stats with you that I found really interesting.

I think it was fidelity did a study was either fidelity or Charles Schwab did a study on which investor profiles and activity yielded the best returns in terms of total portfolio value.

And this was in stocks and they found that there were two categories that far out far outpaced everyone else.

Let me tell you what they were. The first and highest performing portfolio activity were people who had purchased stocks and then died.

And so as a result there was no more activity in their account and their accounts outperformed everyone else.

The second highest were people who purchased purchased stocks of the account and then had forgotten their passwords.

And as a result had not done any trading. And so for me I think this is hilarious because it shows the incredible flaws in human judgment.

And it also shows the power of compounding growth when buying businesses in general because if you think about this from across all of the accounts that they have, then across all of the accounts that they have equal exposure to ups and downs etc.

So across all of those accounts which is just like taking index of the market, the people who do the least amount have the most money in the account.

Now what I want to do is explain to you a mistake that I made probably like two weeks ago that cost me, shoot I have to do the math. Probably cost me 200 grand.

Yeah it costs me 200 grand. Alright so here's a 200,000 mistake that you don't have to make and I'm going to walk you through the math.

Alright so what I was doing is I have in my portfolio, I guess it's not a quote portfolio, it's my portfolio.

I have 3 to 5% of it in investment assets that I candidly I just play around with. And it scratches my entrepreneur itch and just me being a human being.

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