The Mind Money Spectrum Podcast

#2. Buying stocks can be fun, but don't fall into these common traps. A quick intro to investing outside of your IRA.

December 24, 2019 Aaron Agte and Trishul Patel Season 1 Episode 2
The Mind Money Spectrum Podcast
#2. Buying stocks can be fun, but don't fall into these common traps. A quick intro to investing outside of your IRA.
Chapters
The Mind Money Spectrum Podcast
#2. Buying stocks can be fun, but don't fall into these common traps. A quick intro to investing outside of your IRA.
Dec 24, 2019 Season 1 Episode 2
Aaron Agte and Trishul Patel

In this episode, Trishul and Aaron explore investing as a hobby. Trishul, the former hedge fund manager, calls it the world's most expensive hobby, while Aaron, the financial planner, can see why some people have fun with it. As long as you aren't risking money needed for long-term goals. And you can stomach the losses. And understand the opportunity cost.  In the end, maybe most people shouldn't be buying stocks for fun?

Episode References

False Discoveries in Mutual Fund Performance: Measuring Luck in Estimated Alphas by Laurent Barras, Olivier Scaillet, and Russ Wermers
Buying Stocks For Fun by Aaron Agte
Investing Forever - World's Most Expensive Hobby

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

Show Notes

In this episode, Trishul and Aaron explore investing as a hobby. Trishul, the former hedge fund manager, calls it the world's most expensive hobby, while Aaron, the financial planner, can see why some people have fun with it. As long as you aren't risking money needed for long-term goals. And you can stomach the losses. And understand the opportunity cost.  In the end, maybe most people shouldn't be buying stocks for fun?

Episode References

False Discoveries in Mutual Fund Performance: Measuring Luck in Estimated Alphas by Laurent Barras, Olivier Scaillet, and Russ Wermers
Buying Stocks For Fun by Aaron Agte
Investing Forever - World's Most Expensive Hobby

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.