CNBC – May 22, 2019

In this CNBC article David Schneider clarifies that the real key to successful investing is avoiding mistakes such as failing to diversify your investments or being seduced by fads, stating “If it’s hot, and everyone is talking about it, there’s a good chance it won’t look so good in a few years,” and that “For every Apple, Amazon and Google, there are a million small, speculative companies that ended up going nowhere.”

He also adds that a good starting point for beginning investors is a total stock market index fund, or even a global stock market index fund that will capture the returns of world markets, stating that “they are usually available in a 401(k), or you can buy them on your own through any brokerage firm.”

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