March Madness is here, and just like filling out a bracket, picking individual stocks feels exciting. But the odds of winning big are slim. Investors often chase stock picks the same way they bet on their favorite teams, but history shows most stocks underperform, just like most brackets get busted.

In this video, Scott breaks down the risky game of stock picking and how it compares to the unpredictability of March Madness.

Here’s what we cover in this episode:

🏀 March Madness & Investing – Why picking stocks is just like picking brackets

📉 Most Stocks Underperform – The surprising truth from a 98-year study

📊 Company Stock Risks – Why overconcentration can hurt your retirement

🔄 Diversification Wins – How to create a balanced, long-term investment strategy

0:00 – Intro

2:44 – Almost $3B wagered

4:25 – Stock Study

5:14 – Most people lose

7:08 – Sustained success is difficult

11:02 – Picking favorites

14:38 – Penny stocks and crypto

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Do you really need a financial advisor, or can you handle your investments on your own? We received a question from someone who has been a successful investor and is wondering whether they would get value out of a financial advisor. Let’s dive into the pros and cons of DIY investing and explain how working with an advisor can actually save you money, time, and stress.

Here’s what we discuss in this episode:

💰 DIY Investing Risks

📉 Market Downturns & Retirement

🧾 Tax & Withdrawal Strategies – The piece most DIY investors overlook

👥 Succession Planning – Will your spouse or family know what to do?

0:00 – Intro

0:54 – First reaction

2:35 – Different challenges in retirement

6:45 – Stress of doing it alone

9:31 – More than investing

11:30 – Succession planning

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