Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
They're in it all the time.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
And they are failing at picking an individual stock that's going to outperform just buying into a fund and leaving it alone.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
Meanwhile, the rest of us, kids to feed, jobs to go to, going to try and read the news, not just the financial news, going to try and see our friends, our family.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
By the time we hear about something that could make a good stock pick or whatever, it's probably been a week.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
All of the decisions that happen that those active fund managers do, they do that in seconds to try and beat the market.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
I just kind of feel like as an average person, if you're trying to do this yourself, you don't stand a chance, right?
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
It makes for a great TikTok video.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
It'll go viral.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
I've sometimes had that moment where I'm like, I know if I say this, it would go hard on TikTok.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
And you just can't because A, some of that stuff is extremely illegal.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
And B, it makes for a good video.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
It doesn't necessarily make for good financial management, right?
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
Yeah, 100%.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
Actually, that's a really good point for us to touch on because I think sometimes, you know, you use debt to buy a house, which is fine and normal and there are so many safeguards around it.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
So I think it can sometimes normalize the idea of, oh, well, that makes sense.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
Why can't I use debt to invest in other things, whether that's shares, whether that's crypto?
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
What are your thoughts on that and the pitfalls there?
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
Well, this is what gets me as well.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
I mean, this is the 87 share crash, which New Zealand was hit really hard by.
Making Cents
The Investing Trap That Even the Experts Fall Into (And How to Avoid It)
Some of the, you know, it's easier to look back.