The $106,445.56 Mistake

As the old saying goes, “A fool and his money are soon departed.” For Joe Campbell, that lesson came hard and just before the holidays. He did something that can crush even the largest and most experienced hedge fund and institutional managers—he decided to short some stocks and lost big.

Joe’s tragic story can serve as a great lesson for the rest of us investors. Instead of flipping shares, focusing on the long term, buying good quality companies and reinvesting those dividends are the real keys to building wealth.