The Stock Market Gamble Most Investors Lose
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 23 September 2024
⏱️ 38 minutes
🧾️ Download transcript
Summary
In this episode, we explore the realities of stock-picking, revealing that it's a gamble where the odds are heavily stacked against the average investor. Studies show that most individual stocks underperform or lose value over time, so we make a strong case for the smarter and more reliable approach.
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Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide tax, legal, or financial advice. |
| 0:04.3 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:10.3 | Hey, everyone, welcome to the Big Picture Retirement Show. |
| 0:13.4 | I'm your host, Devin. |
| 0:14.4 | Join back again today by my co-host, John K. Ross. |
| 0:18.5 | Howdy. |
| 0:28.6 | John, do you know how many attorneys there are in the U.S.? I don't know how many are in the U.S.? |
| 0:30.4 | I know, I mean, just in the state of Texas, I think there's about 250,000, 300,000, something like that. |
| 0:39.1 | The number that I saw was around 1.4 million attorneys. |
| 0:42.9 | Okay. |
| 0:43.5 | That sounds kind of low. |
| 0:44.6 | Well, maybe not. |
| 0:45.4 | I don't know. |
| 0:46.0 | There's a lot of attorneys in Texas. |
| 0:47.6 | Do you know how many financial advisors are in the United States? |
| 0:51.5 | Hit me. |
| 0:52.5 | Well, okay. |
| 0:53.5 | How do we define that? |
| 0:55.3 | Therein lies the problem. |
| 0:56.9 | Attorney's pretty easy, right? |
| 0:58.5 | You pass the bar exam. |
| 0:59.9 | Theoretical, yeah. |
... |
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