175: Sam’s Top 10 Biggest Investment Mistakes

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 18 March 2021

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sam and Derek review some of Sam’s biggest investment mistakes and help you learn from his mistakes.

Listen to ILAB 175 on iTunes here or subscribe on your favorite podcast app.

Where we are:

Johnny FD – Ukraine / IG @johnnyfdk
Sam Marks – Thailand / IG @imsammarks
Derek Spartz - Venice / IG @DerekRadio

Sponsor:

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Time Stamps:

06:06 – #10. 32 bitcoin lost in Mt. Gox
10:37 – #9. Fazzle mega search engine
15:52 – #8. 101 and Mint Lounge, Tallahassee
21:36 – #7 Buying “the stock tip” from unqualified people
26:32 – #6 Skywolf
32:06 – #5 Storing Gold in a Lock Box in China
37:17 – #4 Buying RMB currency
39:50 – #3 Don’t have too much trust in your financial advisor
47:29 – #2 Stock options
54:18 – #1 Selling at the bottom of the ‘08 crisis

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Transcript

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0:00.0	What is up bosses? Before we kick off this week's episode, let me tell you about our sponsor,
0:05.6	Indeed.com. Indeed is the hiring site to help you find quality candidates instantly. That's right,
0:12.4	they have a new feature called Instant Match. It searches through millions of resumes in their
0:16.8	database to help get you great candidates instantly. I'm going to tell you all about instant
0:21.9	match and how it works during the break. But if you want to go there right now, all you got to do is
0:26.4	head over to indeed.com slash iLab. Do that. You'll get a free $75 credit to upgrade your
0:32.9	job post. It's their best offer anywhere. So once again, it's Indeed.com slash ILab. That's
0:39.7	Indeed.com slash I-L-A-B. Offer valid through March 31st, terms and conditions apply.
0:47.6	Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD. We're self-made
0:52.3	entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each week for exclusive interviews with our
0:58.2	network of modern investors, business owners, and multimillionaires to discover new ways to invest our
1:02.8	hard-earned cash. Welcome to invest like a boss. It is episode 175. My name is Derek Sparts. I just got back from a trip from
1:15.2	Minneapolis, got my three days of cold in for the year, back to warm, sunny Los Angeles. As far as I
1:21.4	know, Sam is island hopping somewhere in Thailand. Where are you at, Sam? Just got back from
1:26.3	Pee Island. I'm back in Pooquette. And by comparison, Pouquet feels like
1:30.9	a mainland big city because Pee Pee, island is very small, very tropical, and very remote.
1:38.2	So actually, a couple of days there felt good, was nice, but I'm glad to be back to the bigger
1:42.7	island of Pouquet. I think I saw a pool side post from you on instagram and you were alone it was an empty pool you've been checking out my shirtless photos on instagram again have you there i keep catching you doing this i got i was slid in the dms but you, you know, I held back.
2:03.6	Yeah, there was nobody there, man.
2:04.6	It was wild.
2:10.2	It's like we took a longboat out around the islands and all the longboat,
2:14.1	the longboat driver was just like, you'll never, ever in a lifetime.
	...

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