Preview:

Ryan Fleming, The Pilot’s Advisor, shares the #1 lesson he learned about investors in 2024: successful investing isn’t sexy or flashy.

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More About This Episode:

Forget stock picking, market timing, or chasing the next big thing. Ryan explains why disciplined, diversified investing is the real key to long-term wealth—and how trying to “get rich quick” often leads to losing it all.

Here’s what we cover in this episode:

0:00 – Intro
0:14 – Becoming a successful investor.


Resources:

Retire Pilots – https://retirepilots.com

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Pilot Tax – https://pilot-tax.com/

The Pilot’s Advisor Podcast is also on video. Watch & Subscribe on YouTube: https://bit.ly/3EIEBW2

Connect with Pilot-Tax: https://pilot-tax.com/

Episode Transcription:

(Note, this is an automated transcription. Please forgive any errors.)

Ryan Fleming: Somebody asked me, what did I learn in 2024 about investors? Like, what did it what changed? Or, what did I learn that was something different? And the funny part is, I think the biggest thing I learned this year in a good market, of course, I already knew that pilots want all of the upside and under the downside, and when things are great, they want even more of it. But successful investing is not sexy. It doesn’t mean putting all your money on Tesla or all your money on the video or right now, it’s micro strategy. Yes, that’s a good way to get rich quick, but it’s also a way to lose all your wealth very quick as well.

So unfortunately, to be a long term, unemotional, disciplined investor, we do not speculate and gamble with your money. You will have exposure to Tesla, you will have exposure to Nvidia, you will have exposure to micro strategy or Bitcoin, or whatever it is, but putting a leveraged position of your retirement future on one stock is a loser’s game, and unfortunately, it’s happened time and time again where I get the phone call, Hey, I lost 60% of all my wealth. I need help.

I start looking at what they were doing, and it was stock picking, or another great one is market timing, trying to miss that little dip. Next thing you know, you’ve been sitting on the sidelines for two years, and you missed out on two years of 20 plus percent gains. Don’t speculate and gamble with your money.

If you’re doing the right long term thing, it isn’t sexy, it’s kind of boring. You’re you’re owning companies like Kellogg’s AT and T Yes, you’ll in the video, but you’re owning 1000s and 1000s of all these companies, and it’s called Modern Portfolio Theory, very, very diversified, where you spread out your risk and you have a lower standard deviation. Successful long term investing isn’t sexy. It’s not like flying an eagle around or some other fighter, it’s just cruising in the triple seven. Get where you need to go. So Don’t speculate and gamble with your money. Talk to you soon.