Investing as a Hobby (Tadas with David Schawel)

<p>“Where investing as a hobby might be sensible is with a small amount of your assets that you can afford to lose, and that you can handle psychologically. Being under the illusion that diving into investing in a meaningful way will result in above average performance is dangerous and likely to end poorly based on historical studies.” </p><br><p><strong>David Schawel </strong>(<a href="https://twitter.com/davidschawel" target="_blank">@davidschawel</a>) is the CIO of <a href="https://www.familymanage.com/" target="_blank">Family Management Corporation</a> and is a veteran observer of the financial markets. Tadas got David on the phone to talk about a recent post of his entitled “<a href="https://medium.com/@DavidSchawel/investing-as-a-hobby-8d048d5d98bd" target="_blank">Investing as a Hobby</a>” where he writes about what a hobby is and why investing is likely not a worthwhile hobby for most. </p><br><p>You can read more at <a href="https://medium.com/@DavidSchawel/" target="_blank">David’s blog</a>: <a href="https://medium.com/@DavidSchawel/investing-as-a-hobby-8d048d5d98bd" target="_blank">https://medium.com/@DavidSchawel/investing-as-a-hobby-8d048d5d98bd</a></p><br><p><a href="http://plinkhq.com/i/1456467014" target="_blank">1-click play or subscribe on your favorite podcast app</a></p><p> </p><p>Subscribe to the mini podcast on<a href="https://itunes.apple.com/us/podcast/the-compound/id1456467014?mt=2" target="_blank"> iTunes</a> or<a href="https://open.spotify.com/show/5VKsKPZUtwVylxslLie36k?si=W5sikLxWR0avObQlrLqlmw" target="_blank"> Spotify</a></p><p> </p><p>Enable<a href="https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZ" target="_blank"> our Alexa skill here</a> - "Alexa, play the Compound show!"</p><p> </p><p>Talk to us about your portfolio or financial plan here: <a href="https://ritholtzwealth.com/" target="_blank">https://ritholtzwealth.com/</a></p><p> </p><p>Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer: <a href="https://thereformedbroker.com/terms-and-conditions/" target="_blank">https://thereformedbroker.com/terms-and-conditions/</a></p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

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