Building wealth requires a long, slow game according to wealth manager Brett Horowitz. While buying individual stocks can be fortunate, it’s often a recipe for failure. Trading frequently is hazardous to wealth due to fees and taxes. The best times to invest are during public fear. Emotional spending can hurt wealth.

Most people struggle with finances due to lack of study and interest. Investing knowledge doesn’t guarantee better results as the future is unpredictable. Leave financial decisions to professionals for better outcomes.

It’s essential to have a balanced portfolio with cash for emergencies to take advantage of great financial deals. People tend to spend emotionally, hurting wealth in the long run. More knowledge doesn’t always lead to better investing results.

Read more at Yahoo Finance: 5 Brutal Truths About Building Wealth