Financial advice using a storyfrom @guacandpico

Transcript

Need to preface this by saying this is not financial advice, but I wanna tell you a story. There's a very famous quote, The best investor is a debt best. That's actually misattributed to this Fidelity tier that was conducted. The true finding was that the portfolios that performed, like, the best were of people who had forgotten they had accounts. And they didn't touch their portfolios, right? And so all that's to say in behavioral finance, behavioral economics, people trade, based on emotion a lot. That's a core tenet that you learn, right? And in times of crashes, market crashes, which basically were there's a crash anticipated coming Monday. We know there's one imminent anyways better, like, they're they're they're coming. People sell off. And then the market inevitably rises and then they're completely effed. Like, they literate best no many people, like, lose their entire fortunes and never ever ever gain the footing, like, have the footing to crawl their way even close to rank to where they were. And it's because they sold off. I mean, understandably no. Right? And it I'm not saying it's not the right decision for you, but I am saying though, I talk to my parents every night on the phone. Every night when I talk to my my dad, almost every night, he says don't touch your portfolio. Just don't sell anything. Like like, obviously stuff is crazy. Don't touch it. And I'm like, I no. That's an investor is a debt investor.