Athlete CEO

How does Shaq's free throw record relate to investing? What are the myths with entertainment-based trading?

Show Notes

Over the last couple weeks, we've seen the return with a vengeance of volatility in the markets with some of the biggest highs and lows in history all within a short time span. With these swings, we're starting to see non-investor voices give investing advice that really boils down to gambling.  The message from these media personalities is loud and clear: now is the time for people to become active investors. 

Is there room for this type of investing? The answer revolves around your current situation and your long-term goals. In this episode, Erik & Brandon give some helpful thoughts on how to view this concept and address topics and questions including:

  • Why Shaq’s free throw record relates to investing
  • The myth of entertainment-based trading
  • Should we pay attention to what the media is telling us? How much credence should we give to news sites advice on the investment decisions we should be making?
  • Day trading vs long-term investing
  • How the active investing we're seeing in mainstream conversations is similar to sports gambling
  • How do we most effectively grow our wealth over the long-term?
  • How do you stay disciplined over the long term and not fall for the get rich quick gimmicks?

Creators and Guests

Host
Erik Averill
Partner, Senior Private Wealth Advisor, CFP®, CPWA®

What is Athlete CEO?

Each week on Athlete CEO features select excerpts from interviews with trailblazers, the elite, those at the top of their field and the best at their craft with the goal to curate the best practices that you can leverage to unlock your human capital