In this episode of Money Lessons, Andy closes the series on equity by turning to the hardest part of owning stocks: holding on.

He explains why volatility is the price investors pay for the equity risk premium, and why the market's steepest falls and sharpest recoveries tend to arrive back to back — which is what makes market timing a losing game.

He looks at the evidence that the more investors trade, the less they tend to keep, and at how modern trading apps are built to encourage the very activity that erodes long-run returns.

In this episode of Money Lessons, Andy makes the long-run case for owning stocks — why, over a lifetime, equities have rewarded the patient owner.

He unpacks the equity risk premium, the extra return stocks have paid over bonds and cash since 1928, and shows how compounding turns that yearly edge into life-changing wealth.

Andy closes with direct advice for young investors — start early, invest steadily, and give compounding the decades it needs to build the wealth a last-minute scramble never can. It's a lesson about patience, access, and the quiet power of starting now.