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In this episode Thomas and Treyton start out talking about the difference between investing and gambling and how they really aren't the same thing at all. With gambling, the house always has more favorable odds and the more you play, the lower your chances of coming out on top is. With investing, it is the exact opposite. The longer you hold and invest (a diversified portfolio) the higher your odds of making money are. You can read the full blog post here https://thomaskopelman.com/2020/10/investing-is-not-gambling/.
Then we answer a question from our audience on how to save for short term goals. Most people don't segment out and save individually for each goal, you will hear us explain how and why it is so important to break up your savings goals.
4.7
6464 ratings
In this episode Thomas and Treyton start out talking about the difference between investing and gambling and how they really aren't the same thing at all. With gambling, the house always has more favorable odds and the more you play, the lower your chances of coming out on top is. With investing, it is the exact opposite. The longer you hold and invest (a diversified portfolio) the higher your odds of making money are. You can read the full blog post here https://thomaskopelman.com/2020/10/investing-is-not-gambling/.
Then we answer a question from our audience on how to save for short term goals. Most people don't segment out and save individually for each goal, you will hear us explain how and why it is so important to break up your savings goals.
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