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InvestED: The Rule #1 Investing Podcast

385 - Lost Money

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.61.6K Ratings

🗓️ 7 September 2022

⏱️ 33 minutes

🧾️ Download transcript

Summary

It hurts to lose money – especially after you’ve done all the work you were supposed to do. But you’re human, and even if you follow Rule #1 investing strategies by the book, you will still run a risk. However, it’s important, that when that risk – and possible loss – crosses your investment path, you don’t fall back to hoping the market will climb back into your favor. You must stay disciplined and continue to do what’s best, even if it means taking a rare loss. In this episode of InvestED, Phil and Danielle discuss a recent loss Phil took, despite making textbook investing decisions. See how he overcame it so you know what to do if that happens to you and your portfolio. Learn how to make the best textbook Rule #1 investing decisions that will prepare you for times of uncertainty or rare loss, while still staying in control of your portfolio. Download your free copy of the 4 M’s of Successful Investing: https://bit.ly/3BiRJA1 Topics Discussed: Alibaba Variable Interest Entities (VIEs) Difference between the US and Chinese Stock Exchange Government risk Rule #1 Investing Dealing with losses When to sell Resources: Successful Investing Guide For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey, everybody, this is Phil Town.

0:13.6

And this is Danielle Town.

0:15.4

Welcome to the Invested Podcast where I do know what we talked about here.

0:20.8

We do, we do talk for the last seven years about trying to invest like the best investor

0:27.0

in the world, Warren Buffett.

0:30.1

The sidekick Charlie Munger and the rulers who have been following those guys, we call rulers,

0:36.1

because Warren says there's only one world investing and that's the world number one.

0:42.1

Don't lose money.

0:43.4

We've talked about that quite a lot indeed, indeed, and man, I lost some money.

0:51.6

What do you mean?

0:52.8

Yeah, I lost some money.

0:54.3

I hate it.

0:55.3

Should we stop recording and you tell me this offline?

0:59.5

No.

1:00.4

Tell me online then.

1:01.9

Yeah.

1:02.4

Tell all of our millions of listeners.

1:05.0

Well, I did all this work on Alibaba, right?

1:07.7

Yeah.

1:09.0

And then we sold it.

1:12.2

You did all this work on Alibaba and then you wait where's the buying part?

1:15.4

So you bought it.

...

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