The Investing for Beginners Podcast - Your Path to Financial Freedom

Announcer:                        00:00                     Your

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

investment guidance for beginners led by Andrew Sather and Dave Ahern too

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 101

tonight. Andrew and I are going to talk about a listener letter that we got,

and it is a fantastic letter, and she has a great questions, and so Andrew and

I wanted to just kind of read through her letter and then just answer those

questions for her on the air. So I thought this would be a lot of fun. So

Andrew, why don’t you go ahead and start talking about the letter and then

we’ll just do our little back and forth thing.

Andrew:                              01:02                     Yeah,

I love it. That’s a great letter. This is from Susan G so she starts off. Dear

Andrew, I’m on episode 16 of the podcast and I’ve learned more about finance

from your program than I did in my years. At B school in the late seventies,

Wharton for two years, then decided to switch to a psych degree on the liberal

arts side. Wow. That’s quite a compliment. Thank you. I got serious about investing

when I returned full time to work in 2009, um, basically built up a four one k

summarizing here, uh, until from 2009 to 2017. Okay. And then stopped building

out the 401k.

Andrew:                              01:45                     She

says I am 61 single and only about a third of the way to where I need to be to

even have a modest retirement. I am currently on disability and I’m not sure

what his next workwise. So 370 k 401k 62 K and Roth Ira, a hundred k and cash

can value investing be part of my solution for current or future and come it

appeals to me is consistent with the process part of my brain. Um, maybe, uh,

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, welcome to the Investing for Beginners podcast. This is episode 99 tonight we are going to talk about a stock that Andrew recently had some bad walk with and has sold. And we’re going to talk a little bit about some of the lessons that he learned from his investment with this company, including things like activist investors, divestitures and board resignations, and how those can affect what happens with a stock. So Andrew, why don’t you go ahead and tell us about the company and a little bit about your experience.

Andrew:                              01:08                     Yeah,

sure. So I think when you talk about stock picks from the past, it’s much more

useful to talk about your mistakes rather than your successes. Um, we can, we

can all buy stock. I can go out for a multitude of reasons, but you know, if

you can look at how you kinda messed up and maybe you can avoid that in the

future and maybe some people can kind of recognize a situation like this and

maybe stay clear or in the case of, of my, like my personal kind of experience

with this and the way that maybe I wish I would have played it is I would have

waited longer to, to get into this stock because it was clear that the fallout

from the stock hadn’t completely finished. And so I’m keeping this stock on my

radar and I’m watching to see how it progresses.

Andrew:                              02:04                     I’ll

talk a little bit more about the details as we go along here, but it’s one of

those where I would have wished for the dust to settle kind of a thing before,

before I bought and one that’s a hold it. So it was by no means like a

portfolio killer. I lost maybe 25 to 30% think a lot. So I’ve definitely had

gains that have more than made up for that. But, uh, it’s still something that

you still want to examine your mistakes and try them group fro...

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 the Investing for Beginners podcast. This is episode ninety-eight. Tonight we’re

going to talk about why you shouldn’t be a lone

wolf investor. And I’m going to have Andrew kind

of take us from there. All Right, Andrew, why don’t you go ahead and

chat.

Andrew:                              00:50                     Yeah, I love it. So maybe I’m recording this because this is something I need to tell myself more than anything else. Having people around and having them influence your life can do a lot of things for you. Very, very well. They say the five people closest to you are the most important because they impact how you live your life and the big, big way. So I, I kind of present this topic and this idea based on some personal context. I guess I didn’t mean to get like super personal, but there’s a saying that as you get close to the turn of a decade you start to make big moves, right? So we’re here close to the end of 2020 and that full decade before.

Andrew:                              01:41                     So

it’s time to make some big moves, and

we’re going to talk about some big ideas and the show. So when I think about

what got me here and I kind of reflect on my past and the journey I’ve

taken, and even this podcast where we’re at 98 episodes approaching a hundred

here, and we have way more people than I

thought, whatever, listening and tune in. It’s

been incredible. We get tons of

feedback, tons of emails, and that’s been such a wild ride. But you know, it’s

funny to think about how it all started then and maybe how, if it weren’t for

the people that were placed in at least my life, how it when I’ve gotten this far. So when I think about investing

personal finance,