October 07, 2024

How I lost $1 million - John Addis, author of How Not to Lose $1 Million: Win at investing by losing less

1 hour 25 minutes

John Addis is the founder of Intelligent Investor and one of Australia's best investment writers. He joins Owen Rask to dive deep into four categories of losses and how to avoid the costliest investment mistakes.

Video version: https://youtu.be/v8L-I3J1I28

Buy the book (use code RASK25 for 25% off at checkout): https://bit.ly/johnaddis

Show notes: https://www.raskmedia.com.au/2024/10/07/john-addis-book-how-not-to-lose-1-million/

The four categories of losers include:

Stocks John bought but shouldn't have

Stocks he bought but sold too soon

Stocks he bought but sold too late, and

Stocks he should have bought but didn't.

Companies mentioned include Flight Centre (ASX: FLT), Afterpay (now part of Block Inc), Apple Inc (NASDAQ: AAPL), Facebook/Meta Platforms (NASDAQ: META), Star Entertainment Ltd (ASX: SGR), Cochlear Ltd (ASX: COH), PMP Ltd (ASX: PMP) and more.

Australian Finance Podcast resources:

Pearler, the broker for investors ($15 credit): bit.ly/Pearler

50% of PocketSmith: https://bit.ly/R-PocketSmith

Invest with Owen: https://bit.ly/R-invest

Ask a question: https://bit.ly/3QtiY00

Access Show Notes: https://bit.ly/R-notes

Rask Community: https://bit.ly/3UkFWel

Kate's book, Buying Happiness: https://bit.ly/kate-amazon

Mortgage Broking: https://bit.ly/broke-rask

Financial Planning: https://bit.ly/R-plan

Property Coaching: https://bit.ly/R-P-coach

100-point property checklist (PDF): https://bit.ly/prop-check

Accounting with Grey Space: http://bit.ly/3DG5lWS

Business Coaching: https://bit.ly/o-coach

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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