Teenage Investor Chris Truong’s Best Tip? Investing Should Be Boring

50 Fires: Money and Meaning with Carl Richards

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29d ago 36:03

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Teenage investor Chris Truong joins Carl to discuss why investing your money should be boring. At just 16 years old, Chris started a long-term diversified investing club at his high school - a club for ‘boring investment’, as he puts it - and it has grown from a club of 2 people - just him and his teacher - to over 40 of his peers. Chris emphasizes the importance of investing for long-term financial stability and the misconception that picking individual stocks can lead to quick wealth. He also highlights the influence of social media, particularly TikTok, in promoting risky investment behaviors among young people. The conversation emphasizes the importance of educating young investors about sustainable investment practices and the dangers of gambling-like behavior. When you invest like an adult or, in this case, like a 16-year-old, it's boring, but ultimately rewarding.

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Cover Art: Josh Passler - TheFinArtist.com

Music Credits:

Alexandra Woodward / Rabbit Reggae / courtesy of www.epidemicsound.com

Cody Francis / Wherever You’re Going / courtesy of www.epidemicsound.com

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