In this episode of TGIF Two Girls Investing Friday, Jess and Colleen dive into the differences between day trading and passive long-term investing. They discuss personal financial wins and setbacks, and the impact of fees over time. Key topics include the power of dollar cost averaging and the benefits of self-directed investing. They also emphasize the importance of time in the market and debunk the get-rich-quick mentality often associated with day trading. Tune in for relatable, jargon-free advice on growing your wealth and confidence in the Canadian financial landscape.Sign up for our monthly newsletter and see other resources HereConnect with us on:Tik TokInstagram00:00 Introduction to TGIF: Two Girls Investing Friday00:42 Weekly Financial Wins and Setbacks01:54 The Cost of Seasonal Gear for Kids06:51 The Impact of Bank Fees Over Time09:34 The Power of Long-Term Investing12:01 Day Trading vs. Long-Term Investing14:06 The Nature of Financial Silence15:06 Day Trading vs. Long-Term Investing17:20 Understanding Dollar Cost Averaging18:20 Automating Your Investments21:00 Self-Directed Investing Explained23:24 The Impact of Fees on Investments26:51 Conclusion and Next Steps

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