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.

Questions and thoughts from Carl: 

"Chris and I dug into this idea of investing being boring and thinking about using investing for the long term, understanding that there is a massive difference between gambling, speculating and real investing.

Next time you’re with a client and needs to reframe their approach to investing, share this episode with them, and ask some of these fun true or false questions:

1. True or False: Investing should be boring.

2. True or False: When it comes to investing, you can actually make more by not working at it.

3. True or False: Watching 24 hour investment television is good for my investment decisions.

I hope you enjoy this episode of 50 Fires!"