Rob Carrick says investing in blue chips and other stocks is not betting, but it does require people to make decisions that have a significant chance of going wrong
A dad recently got in touch with me to ask about the best way for his two young adult kids to invest a modest inheritance.
This dad plans to set his kids up with online brokerage accounts where they can manage their own investments. His question: What to buy, blue-chip stocks or exchange-traded funds? Sports betting is sold on the promise of making money, but also on the idea of offering extra excitement and involvement compared to just watching a sporting event. Stock-picking is similar – you feel like you’re playing at a higher level compared to investing in diversified ETFs or mutual funds.
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