Two-thirds of young men aged 18-29 who trade stocks daily report feeling like failures, revealing that daily trading is psychologically damaging for the vast majority of participants.

25:11>> That was good. That was good. >> You do the next one. >> Um All right, there was a headline in Bloomberg, young men who trade stocks daily feel like failures. You don't say. You don't say. Um one quarter of men >> podcast, this is this is one that we actually can get behind probably. >> Yes. One quarter of men aged 18 to 29 said they trade stocks daily.

25:36All right, let's just think about that for a second. One out of four men said they trade stocks daily. No. >> Aged 18 to 29? Yeah, that that seems on the high side. >> Yeah. What would you guess? One out of 10? 20? >> Yeah, 5% maybe. >> Come on. Whatever. Um two thirds of them report feeling like failures. All right, that part of it I believe.

26:02Uh all right, so they look at the shares of 18 to 29 >> that that that two thirds probably changes. At any one point, one third of them feel good because they're lucky and they're winning. Two thirds of them are losing. But then it shifts. Some of Anyway, keep going. >> So they compare they compare like stock trading and gambling. And if you're doing it daily, yeah,

26:23you're going to lose, obviously. And if you do it less than daily, you feel a little bit like less of a loser. Um gambling and in investing. So a sports betting and and stock market gambling are the same thing. The stock market is a place to build wealth over the long term, but you could treat it like a casino, obviously. With sports betting, you can't treat it like investing.