ENCORE: Avoid These 3 Mistakes The Average Investor Makes

Selling the Couch

Το περιεχόμενο παρέχεται από το Melvin Varghese, PhD and Melvin Varghese. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Melvin Varghese, PhD and Melvin Varghese ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.

3M ago 33:21

MP3•Αρχική οθόνη επεισοδίου

Today’s show focuses on one of my favorite topics, which is personal finance. Investing can be overwhelming and very confusing. Join us to learn how anyone can approach investing with knowledge and confidence.

Our Featured Guest:

Andy Gupta

Andy Gupta and I have become good friends over the past couple of months. He is a kind and genuine person who worked for 20 years on Wall Street. He is a graduate of Harvard Business School who understands the ins and outs of investing, and he wants to make investing more approachable for average people. Andy has a particular passion for helping women understand investing, and he looks to use his wealth in ways that help others.

Andy’s 30-day investing course: Anyone Can Invest Now

Andy's Facebook Group: https://www.facebook.com/groups/418356686326993

Andy's LinkedIn: http://linkedin.com/in/andy-gupta

You’ll Learn:

Andy’s background of growing up in a family without wealth in Mumbai, India, and then going to college in the US while holding multiple jobs to make ends meet
Why Andy feels that his mission is to help others with investing so they can achieve financial security and freedom
Why Andy’s definition of financial freedom revolves around increased time spent with his family, creating a financial safety net for them, and making a positive impact on others
Three mistakes that the average investor makes:
Trying to “time” the market
“This is a fool’s errand. The difference in trying to time the market vs. staying in for the long haul is astronomical.”
Believing that cash in the bank is safe
You are guaranteed to lose money every year because of inflation.
Taking on too much risk by overexposing themselves in one area
It's best to mix asset classes to reduce your risk and potentially increase your return for the level of risk
Andy’s tips for investing smartly:
Have a cash reserve on hand.
Diversity by investing in asset classes that don’t “move together.”

Resources:

Interested in becoming part of our affiliate program? Learn more at

https://sellingthecouch.com/jointhehealthcasters

Want to launch your online course?

Please check out our free 7-Day Course Creator Starter Kit For Therapists: https://sellingthecouch.com/coursekit

Mentioned in this episode:

Check Out PsycCareers!

If you’re a psychology professional who is ready to take the next step in their career, check out PsycCareers, the American Psychological Association Services, Inc’s career center. PsycCareers is home to over 400 open positions tailored specifically for psychology professionals. Start your journey today by exploring opportunities that inspire and challenge you at sellingthecouch.com/apa.

300 επεισόδια