6: 4 Big Investing Mistakes You're Probably Making

In this episode, Damien discusses the biggest investing mistakes that people make and provides advice on how to avoid them. He starts by talking about the failure of self-checkout technology and how it has not delivered on its promises. Then, he dives into the four biggest investing mistakes, which include not investing, trying to pick winning stocks, trying to time the market, and paying high fees. Finally, Damien shares his thoughts on gold as an investment and concludes with a recap of the main takeaways. Damien is back with another no-nonsense episode to help you take control of your money and investing. This time, he tackles the topic of why self-checkout has been failing retailers and customers alike. Get the inside scoop on the promises made by self-checkout technology versus the disappointing reality. Find out why major retailers like Target and Walmart are actually removing self-checkout kiosks from some stores and admitting it hasn’t delivered on expectations. You’ll hear surprising quotes from Dollar General’s CEO about why they relied too heavily on the tech this past year and how they’re course-correcting in 2024. Then it’s time to highlight the four biggest investing mistakes you are likely making right now, whether you realize it or not. Find out why not investing at all can seriously shortchange your future self. Learn why you should avoid the temptation to pick individual stocks and instead embrace market-tracking index funds. Discover how attempting to time the market often backfires. And get educated on the hidden, excessive fees that can gobble up your returns over time if you don’t watch out. Damien breaks it down in simple, empowering language and offers actionable alternatives to put you back in control. No jargon, no judgment, just real talk. Finally, stick around for a recap of the heated debate Damien recently sparked on social media by calling out gold as a poor investment. Hear which three hard-hitting anti-gold videos got the gold bugs riled up to defend their territory. Find out Damien’s tips for what to invest in instead of the shiny precious metal.