New Year encore - Why the sharemarket is nothing like a casino
Listen now
Description
This was a popular episode from 2023, and its messages are still very relevant for newer investors, as well as those with more experience. Take a listen if you missed it the first time around, or simply remind yourself of these timeless investing concepts! One of our least favourite sharemarket analogies is when it’s said to be just like a casino. While some traders might treat their portfolio like a sports betting account, for genuine investors this comparison couldn’t be further from the truth. You might get lucky a few times at the casino, but the more you play the greater your chances of losing. In contrast, when it comes to investing in the sharemarket, the longer you stay the better your odds of success.
More Episodes
The S&P 500 in the US rose 1.6% and hit new highs last week, as investors were encouraged by a softer than expected May inflation report. In contrast, European shares fell 2.8% in the wake of fresh political uncertainty. Elsewhere, the Australian ASX 200 fell 1.7% and the FTSE 100 in the UK...
Published 06/15/24
There’s been a raft of bad news from locally listed companies over the past several weeks, with more than a dozen either downgrading earnings guidance or providing negative trading updates. This hasn’t been limited to the smaller end of town either, with at least ten NZX 50 constituents in the...
Published 06/11/24
Published 06/11/24