Amy is a member of the Making Money audience. Many of us have made mistakes in our investing journey but not everyone is brave enough to come on and tell us about it.

This episode was first published in November 2024

If you’ve had a big financial lesson like Amy and you’d like to share it with us, email our producers Ruth and Emma at [email protected]

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If you don’t know Bill’s work here’s where I suggest you start:The Four Pillars of Investing: https://amzn.eu/d/hKCTHVJ 

The Intelligent Asset Allocator (recommended by Jack Bogle himself): https://amzn.eu/d/6NKLjTu 

The Investor’s Manifesto: https://amzn.eu/d/3kDgo57 

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If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

Chapters:

00:00 - Moneyweek ad01:07 - 15 years in an index fund

09:15 - Pulling out in a crash

17:58 - Taxzap ad

19:12 - Looking for advice online

29:25 - Stock picking

36:26 - Vanta ad 

37:40 - Knowing when to sell

44:03 - Making mistakes

54:33 - How much money did Amy lose?

59:19 - Lessons