A trend seen both in the US and Australia has been the surge in individual share trading post the market correcting in March. Why are we seeing record levels of new trading accounts open? What are some of the behavioural aspects influencing these outcomes? Do you know the difference between Zoom Technologies and Zoom Video Communications? Which one would you buy?

In this episode we examine the temptation to focus on short-term outcomes and question whether the pursuit for the here and now is compromising our long-term financial wellbeing.

00:46 People are buying stocks at record levels but are they investing or speculating?

01.18: What is the difference between investing and speculating?

02:50 What is Robinhood? A trading app that has been embraced by US millennials.

03:25 CommSec have experienced some of the busiest days they've ever had in their 25 year history in March.

04:25 Robinhood has been advertised predominately on TikTok, a video platform which targets short, fast entertaining information. Does this then encourage short-termism when it comes to Investing?

09:27 Elon Musk, the CEO and founder of Tesla, May 2nd, tweeted, Tesla stock price too high imo. At the time of this podcast, share price is now more than double since this tweet.

11:26 Are you at risk of being impacted by the The Dunning-Kruger effect, the more incompetent you are, the less aware you are of your incompetence.

14:40 The way we receive information could be feeding our confirmation bias

16:20 Ultimately the decisions you make impact your financial outcomes.

17:27 Which Zoom - Zoom Technologies or Zoom Video Communications? Seems there was some confusion between the two causing Zoom Technologies stock to rise by 240% before trading was suspended by the US Securities and Exchange Commission.

18:12 Do your homework before investing, otherwise it can cost you real dollars.