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InvestED: The Rule #1 Investing Podcast

333- Invest in What You Love!

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 8 September 2021

⏱️ 37 minutes

🧾️ Download transcript

Summary

When it comes to investing, conventional wisdom says to hand your money over to a financial advisor and let them diversify your investments for you. Why think too much about where your money is going if you don’t have to? But there’s a problem with that mindset: your values matter and you should be investing in what you love. Consistently pouring your life and efforts into the things you care about — that matters. As much as 85% of the stock market is controlled by small investors. Imagine the impact those small investors could have if they invested based on their passions and values, rather than the values (or just the blind greed) that drives financial institutions’ investment decisions. You can choose to invest in whatever you want and wherever your passions lie. And the great thing about it is that everyone values something different. Invest in stocks that you value. If you’re not sure what your values are, it’s time to step back and do a little searching. In general, it might make sense not to invest in products or companies that make the world a worse place to live in, but that’s totally up to you. In today’s episode, Phil and Danielle talk about taking charge of your investments and making sure that you’re putting your money where your passions and values lie. Because at the end of the day, you’re better off knowing that you’ve used your resources as wisely as possible, and that you’ve done your best with what you’ve got. Learn more about investing in companies that you already know and love with this Four Ms Guide! Click here to get started: https://bit.ly/2X0sRvq Topics discussed in this podcast: Warren Buffett How to pick stocks Company analysis Investing with your values COVID-19 vaccines Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey everybody this is Phil Town and this is Daniel Town. Welcome to the

0:07.5

invested podcast where Daniel and I have been digging deep into the onion of

0:14.4

Warren Buffett investing one day later at a time. We're five years. We hope you

0:20.3

guys are enjoying it and we hope we can keep making it better and better. I'm so

0:25.2

glad that we're both back dad. We're both back. It's been a crazy summer. It's

0:31.6

been a crazy year. It's been a crazy year. One of those years where you just

0:35.8

don't want to wish this on anybody. Yeah agree. But but I'll tell you what one of

0:41.1

the things you learned about being a good investor is to be grateful and

0:46.4

why Takeda who we've talked about said be grateful for everything in your

0:53.9

life right? Good stuff bad stuff so find the little piece of the bad stuff to

1:00.7

be grateful for because there's always something and then be grateful for that.

1:04.3

I'm saying this to you guys so I can remember to do it. I agree. It's easier said

1:09.8

than done. I agree. I mean yeah. I was just in for a long COVID doctor

1:17.6

appointment and they were telling me about the symptoms that some people have

1:20.4

and you know not that you need to hear about other people being worse. It's

1:24.4

kind of terrible to hear about that actually but you know it does make me

1:29.6

grateful that I'm not having a lot of symptoms that could be worse so yeah

1:36.0

I mean one of the things that you can do actually to be grateful for things that

1:39.4

are happening to you which are unpleasant to say it nicely horrible would be

1:44.4

another way is just to realize other people can be going through just horrific

1:51.4

things you know just horrific things yeah and things you wouldn't wish on

1:56.3

anybody but do you know what these doctors do dad I didn't even tell you this

...

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