September 17, 2023 4:00am
13m
Welcome back to "Money Grows On Trees: The Podcast" with your host, Lloyd Ross, The Millionaire Money Mentor!
In today's episode, we dive into the age-old question: Are shares actually risky? Join us as we debunk common misconceptions, myths, and paradigms surrounding shares and delve into what they truly mean for your financial future.
Host Lloyd Ross shares an interesting anecdote from a VIP boat cruise, where he engaged in a conversation with business-savvy women who revealed their limited understanding of shares. This encounter sparked Lloyd's desire to dissect the topic and explore whether shares are genuinely risky or if there's more to the story.
Through his signature passion and expertise, Lloyd breaks down the concept of risk, as famously defined by the legendary Warren Buffett. Discover why volatility and movement of stock prices don't necessarily equate to risk and how owning shares in a diverse business empire like Berkshire Hathaway can actually minimize the chances of a permanent loss of capital.
But wait, there's more! Lloyd skillfully challenges the notion that shares are inherently risky by drawing parallels to personal businesses. He sheds light on the fact that owning shares is, in essence, legal ownership of a business, making it difficult to argue that shares are risky while your own business is not.
In this thought-provoking episode, Lloyd dives into the behaviour and lack of education surrounding the selection and investment in shares, emphasizing the importance of proper research and due diligence. Learn how reading annual reports and understanding a company's mission can transform you from a gambler to an informed investor.
So, if you're curious to uncover the truth about shares and whether they deserve their risky reputation, tune in to this enlightening episode of "Money Grows On Trees: The Podcast" with Lloyd Ross, The Millionaire Money Mentor.
Get ready to challenge your beliefs and gain valuable insights that could transform your financial future. Stay tuned for this week's episode of Money Grows On Trees: the Podcast!
Money Grows on Trees Team