S2E46 - James Woodall - From high risk trading to low risk long-term investing

James Woodall James Woodall - From high-risk trading to low-risk long-term investing. A lot of new investors in the stock market can be tempted to go after the quick buck with trading but the reality is, 99% of traders lose money. My next guest shares his story of how he got started in the market as well as how he transitioned to safe long-term investment strategies and even became a financial advisor. In this episode, we talk about what strategy he uses today, how he’s handling the current bear market, his biggest investing success, his biggest investing mistake, and how he helps his customers navigate uncertainty. Please welcome James Woodall. Key Timecodes (01:08) - James Woodall's background history (03:43) - The difference between day traders and investors (07:57) - When did he change his strategy? (09:33) - The importance of paying attention to taxes (11:24) - Is he investing in individual stocks? (13:39) -  His strategy with stocks investing (16:17) - How he Helps his clients minimize risks (17:57) - When was his last investment? (19:03) - How old is his practice with that business model? (19:28) - What percentage of his income he invests every month? (24:00) - What was his biggest investment success? (26:56) - What was his biggest investment mistake? (27:53) - What kind of services does he offer? (31:26) - The challenges with high-maintenance clients (37:07) - The worst business or investment advice he ever received (37:38) - The best business or investment advice he ever received (39:57) - Get in touch with James Woodall Payback Time Podcast Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.