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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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In this week’s episode of Retire in Texas, Darryl Lyons, CEO and Co-Founder of PAX Financial Group, shares a cautionary tale about the hidden costs of do-it-yourself investing. With relatable personal stories and real client experiences, Darryl explores the traps that DIY investors often fall into - missed opportunities, tax missteps, and emotionally driven decisions - and explains why having a trusted advisor can make all the difference.
Whether you're confident in your own financial abilities or know someone who insists on doing it alone, this episode offers a practical, grounded look at why experience, emotional discipline, and guidance matter when navigating your financial future.
Show highlights include:
- What happened when a client chose DIY over working with an advisor.
- Three qualities a successful DIY investor must have.
- Common (and costly) DIY mistakes Darryl has seen firsthand.
- Why advisors act more like copilots and river guides than stock-pickers.
- A powerful reminder about the role of compounding and proper strategy at any age.
For more insights or to connect with a PAX Financial Group advisor, visit www.PAXFinancialGroup.com.
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