Can’t I just sell some stocks to make a bunch of money and then use that money to make more money and then I’ll be rich?

Um. Sort of?

Sara explains how there’s no such thing as free lunch, or, in the stock market world, tax-free income from your clever little (or big) trades.

It’s all fun and games during the year while you’re buying low and selling high with individual stocks, but then, whoops!, there comes April and a tax bill for all of the money you earned for each transaction. Even though it might feel like “fun” money, you actually pay a higher income tax rate for quick trades! They don’t show that in the movies!

Caitlin (AGAIN) asks WTF she should do with her Airbnb stock now that she’s gone to therapy to become un-emotionally attached to it. Sara walks her through selling it at the price she would feel good about, and Caitlin might as well be considered a stock broker now.

Is buying individual stocks really worth it for normal people like you and me? Listen to this episode and decide for yourself.

Ask us your dumb investing and finance questions for Season 3 on our Ask Us page!

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This episode was edited by our co-producer Kelly West. Music by Bad Bad Hats and Devmo.