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Mind of a Millionaire: Is it Risky to Pick Your Own Stocks?

| March 24, 2019
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Thank you again for tuning into the Mind of a Millionaire podcast. This week, Zak takes another crack at answering some of our more frequently asked listener questions. Please continue to send us those questions – we are having a lot of fun answering them. Submit them on our website or find us on Twitter and Facebook.

Make sure to check out the events tab; we’ve just added a couple more events coming up this year and we would love to see you all there. If you have any questions or if you’d like to RSVP, email austyn@denverwealthmanagement.com or call our office at (303) 261-8015.

Is it risky to pick your own stocks? [0:23]

  • Concentration risk [0:57]
  • The business cycle [2:04]

The average nominal return in the stock market from 1966-2015 was 9.69% (Motley Fool). [4:02]

How much time does investing take? [4:24]

“Hold a stock for a tenth of a second or hold a stock for ten years.” [4:48]

How much vetting will you have to do? [6:08]

How often should I check my portfolio? [8:25]

Should windfalls go to investing or paying down debt first? [10:23]

  • Have you completed your cash reserve?

My faith in higher education is a bit shaken [given the recent college entrance scandal]; what are your thoughts on paying for these more expensive schools? [13:19]

*33 families face charges in college scandal [14:15]

What do you value more: your child’s integrity or their admission to an Ivy League school they don’t belong to? [15:06]

Thanks for listening – if you don’t already, make sure to subscribe for new episodes every week, submit your questions or our website, and follow us on Twitter and Facebook.

 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

No strategy assures success or protects against loss.

All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

Investing in mutual funds involves risk, including possible loss of principal.

The information in the links above are being provided strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. We make no representation as to the completeness or accuracy of the information provided at these web sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to your use of third-party technologies web sites, information and programs made available through this web site. When you access one of these websites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.

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