More on the Shark Infested Waters of the Stock Market

Please click RIGHT HERE and watch this video from Yahoo! Finance.

I usually don’t do blog posts that are just links to other peoples’ posts, but on this issue I am making an exception.

Why? Because I think this video deals with the single most important concept that families must understand before they start investing. That is, 1) You are at a major disadvantage if you are an amateur active trader, but 2) you can still be enormously successful if you invest in relatively simple strategies for the long term.

I wrote about this exact same thing a few days ago, but I thought it couldn’t hurt to have even more light shed on this issue.

Photo by Ryan Espanto