Guru Advice Can Be Misleading

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Episode 3353:

Tony outlines common investing pitfalls that trip up even the most well-intentioned investors, from emotional trading to lack of diversification. With straightforward tips and reminders, he encourages readers to adopt a steady, informed approach that leads to long-term wealth and financial resilience.

Read along with the original article(s) here: https://moneyminiblog.com/lists/common-investing-mistakes/

Quotes to ponder:

"People buy high because of greed and sell low because of fear."

"Successful investors don’t let emotions control their investing decisions."

"It’s better to invest for the long haul and let the market do what it does."

Episode references:

Rich Dad Poor Dad: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612681131

The Bogleheads’ Guide to Investing: https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/1118921283

The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661

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