The Investing for Beginners Podcast - Your Path to Financial Freedom

Announcer:                        00:00                     You’re

tuned in to the Investing for Beginners podcast. Finally, step by step premium

investment guidance for beginners led by Andrew Sather and Dave Ahern. To

decode industry jargon, silence crippling confusion and help you overcome

emotions by looking at the numbers. Your path to financial freedom starts now.

Dave:                                    00:35                     All

right folks welcome to

Investing for Beginners podcast. this is episode 135, tonight Andrew and I

are going to discuss that Andrew had this great idea that we would talk about

what investors know, which is nothing he is forecasting the future and what

analysts mean when they think about what’s going on in the future and how we

don’t know what could become. And if we do well, then you’re smarter than us.

So without any further ado, I’m going to go ahead and turn over to Andrew and

Andrew is going to go ahead and take it away. All right, Andrew

Andrew:                              01:10                     Yeah,

thanks, Dave. I had, so I have four bullet points on this, just kind of different

examples because something about this topic is pressing and I feel it needs to

be sent at the same time. I think it’s very inspiring and it can certainly help

somebody who’s a value in this or somebody who’s trying to be a contrarian.

When you’re trying to buy stocks at a discount to their intrinsic value, you’re

going to have to go against a lot of them. Maybe at first, these not the right

word, but you know, you have to go against the grain. You have to go against

what the popular opinion is on the stock and you know, sometimes the popular

opinions, right? And sometimes it’s wrong. And so we can kind of look at the

stocks we’re looking at today and maybe our South, here are some reasons why

the stock is probably undervalued. Maybe there are good reasons and here are

some reasons that are probably just been alerted talk, you know, just like,

Andrew:                             

Announcer:                        00:00                     You’re

tuned in to the Investing for Beginners podcast. Finally, step by step premium

investment guidance for beginners, led by Andrew Sather and Dave Ahern. To decode

industry jargon, silence crippling confusion, and help you overcome emotions by

looking at the numbers, your path to financial freedom starts now.

Dave:                                    00:36                     Welcome to the Investing for Beginners podcast. This is episode 135 tonight. We have special return guests this third time with us on the show though it’s a record we have Braden Dennis from Stratosphere Investing. He is our Canadian expert all around, great guy, and very smart and a lot of fun to talk to. So Braden, why don’t you tell us a little bit about what’s been going on with you since the last time we spoke.

Braden:                                00:59                     Absolutely.

Yeah, it’s good to get to talk to you guys, and thanks for having me back on

the show. Episode 135 that is awesome. Congratulations. And I like you guys

enough to miss my two favorite hockey teams. We’re playing each other right

now, so you guys should feel pretty good about that. Are you allowed to have

two? So we’ll get to it when you’re Canadian, you can have five. Exactly. I

live in Toronto, so I have to cheer for the Leafs, but I was born in Calgary,

Calgary flames fan. Wow. Yeah, that’s green. Doesn’t know. I know. Well, they

don’t play each other that often, so I don’t have to run to this issue very

often. Well, good to know.

Braden:                                01:39                     Yeah.

So it can be somewhat more entertaining than they pick you up. All right. So

yeah, I know it’s really good to be back. As I’ve mentioned before, I am an investor.

I’ve been investing since the day I turned 18 when I was able to open up my

investing account. And yeah, it’s been great. I think the first time I came on

this show I was still in university and I was telling everyone and their dog to

buy air Canada stock, the big airline here in Canada.

Announcer:                        00:00                     You’re

tuned in to the Investing for Beginners podcast. Finally, step by step premium

investment guidance for beginners led by Andrew Sather and Dave Ahern. To

decode industry jargon, silence crippling confusion, and help you overcome

emotions by looking at the numbers, your path to financial freedom starts now.

Dave:                                    00:36                     All

right folks, we’ll welcome to investing podcast. This is episode 133 today.

Andrew and I are going to discuss commodities and oil a little bit. We’ve not

talked about these before and so we thought we would touch on this subject a

little bit. So Andrew, why don’t you go ahead and share your thoughts with me

and we’ll have our little conversation.

Andrew:                              00:56                     Okay.

so you know, oil has been awful lately. Have, have you invested in any oil

stocks as of late?

Dave:                                    01:06                     Uh

not as of late, but about three years ago, I did buy a company called national

Oilwell. Varco yeah, that sounds right. Yup, yup, yup. Yeah. NOV. Yup. I didn’t

invest in them and I lost a lot of money and then I sold out of it. So that was

not to the bottom at the time.

Andrew:                              01:31                     So,

yeah, yeah, I remember looking back in 2013 and seeing that Chevron looked

interesting. And if you look at their price charts since then, it’s been,

they’ve done like absolutely nothing. I had bought a company that was oil

Announcer:                        00:00                     You’re

tuned in to the Investing for Beginners podcast. Finally, step by step premium

investment guidance for beginners, led by Andrew Sather and Dave Ahern. To

decode industry jargon, silence crippling confusion, and help you overcome

emotions by looking at the number, your path to financial freedom starts now.

Dave:                                    00:36                     All

right folks, we’ll welcome to investing for beginners podcast. This is episode

131 tonight. Andrew and I are going to talk a little bit about the upcoming

year. So Andrew had a great idea, and we’re going to talk about the year 2020

and things to consider for your investing and your personal finance in upcoming

years. So Andrew’s got a whole list of things for us to talk about. So I’m

going to go ahead and turn it over to my friend and we’ll get going.

Andrew:                              01:03                     Well,

thank you, friend. You’re welcome. So many of the different things we can talk

about. I want to talk about like the fed politics things and big themes to look

out for next year. All sorts of things. I think it’s good to start with

unemployment statistics. The latest figures for unemployment this is last

month, November 2019, it’s down to 3.5%. So to me, when I think about what that

means and how we look at the course of our finances, right? You want to make

hay while that while the sun is shining and you, you want to look at a time

like this where unemployment is so low as a time where you should be saving and

not spending.

Andrew:                              01:55                     So

I think if you think about, you know if you’re gainfully employed, and you

know, I’m assuming a lot of people who listen to us now probably are, and

they’re looking to grow their money. This needs to be a time where you build an

emergency fund, you increased contributions to the various personal finance