Did you know your food choices effect your investing? Take the time to think about investing and the importance of knowing what you're getting into. Just like you should understand the food you eat, you should understand your investments. Our brains look for shortcuts, but skipping the details can lead to poor decisions. Whether it's food or stocks, doing the homework is crucial.
This week we discuss...
- The differences in food ingredients in the US, which use artificial dyes and corn syrup, compared to other countries that use natural ingredients.
- How the brain's pattern recognition and shortcuts can affect investing and emphasizes the importance of doing thorough research.
- How few people actually do the hard work and most rely on others.
- The need to understand what you are investing in just like you need to understanding what you are eating.
- The importance of understanding market trends, particularly in gold and silver.
- Using caution when investing in gold miners due to their volatility and boom-bust cycles.
- The benefits of investing in royalty companies for their low capital requirements and consistent returns.
- Happy Independence Day!
For more information, visit the show notes at https://moneytreepodcast.com/your-food-choices-effect-your-investing-621)
Today's Panelists:
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For more information, visit the show notes at https://moneytreepodcast.com/your-food-choices-effect-your-investing-621)
