Are You an Investor or a Gambler?

The stock market is (and has been) the single biggest contributor to wealth over time. Stock returns have outpaced those of cash, bonds, real estate, commodities, and collectibles. It’s not even close.The stock market gets a bad reputation for being risky, confusing, and exclusive, but this is far from the truth and you can beat 90 percent of the pros by following just four simple rules:Diversify using low-cost index funds.Invest in consistent increments.Stay invested over the long run.Minimize fees and emotions.Unfortunately, with headlines being dominated by meme stocks and digital investments like Bitcoin and NFTs, new investors are as confused as ever. But it doesn’t have to be this way which is why I invited Lee from The Free Retiree Show back to the show to talk about stocks and investing.  In this episode we cover the following:1)      The difference between investing and gambling2)      The dangers of day trading3)      What to look for in a financial advisorAlso, Lee shares his six rules from investing. Lee is a great resource and if you are new to investing, this episode is for you.