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The Investing for Beginners Podcast - Your Path to Financial Freedom

IFB279: New Investor Mistakes and How to Avoid Them

The Investing for Beginners Podcast - Your Path to Financial Freedom

Andrew Sather

Business, Investing

4.11.5K Ratings

🗓️ 18 May 2023

⏱️ 33 minutes

🧾️ Download transcript

Summary

Welcome to the Investing for Beginners podcast! In today's episode it's all about beginner investor mistakes and why you should avoid them like a plague! Listen on as Dave and Andrew discuss timeless mistakes every starting investor makes. Remember, you don't need to pay a high "tuition" price to be humbled by the market! Timestamps of the episode: -Why day trading isn't for every one and probably not for you too. [01:54] -The allure of leverage is doubling your gains but doubling your losses also with the latter happening oftentimes [05:33] -Putting all your eggs in one basket is another sure fire way of losing your money. Remember you're not Warren Buffet. [08:55] -Why timing the market will do you more harm than good. Hindsight is always 20/20. [11:04] -Getting into the "hot" stocks of the day is a bandwagon every beginner investors should avoid. [13:34] -Panic selling shows more of your understanding of the business itself than the market. [16:15] -Buying solely because of the dividend yield is a trap. [20:05] -Watching too much financial news must be avoided like a plague. [22:40] -Following and buying the same stocks as what an online "guru" recommends. [27:23] Note: Timestamps may differ and are approximate, depending on your podcast player. For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com  SUBSCRIBE TO THE SHOW Apple | Spotify | Google | Stitcher | Tunein Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is a Glassbox Media Podcast.

0:08.5

Love this podcast because it crushes your dreams and getting rich quick.

0:11.5

They actually got me into reading stats for anything.

0:14.0

You're tuned in to the Investing for Beginners Podcast.

0:18.0

Led by Andrew Saver and Dave Ahern.

0:21.0

Step by step premium investing guidance for beginners.

0:25.0

Your path to financial freedom starts now.

0:29.0

All right, folks, welcome to Investing for Beginners Podcast.

0:33.0

Today we have episode 279.

0:36.0

Today, Andrew and I are going to talk about some common new investor mistakes.

0:40.0

So we've got this great list.

0:42.0

I found this great list on Twitter.

0:44.0

And we're going to go ahead and talk through the list here today a little bit.

0:47.0

So we'll start off with the first one.

0:50.0

So here we go.

0:51.0

We've got day trading.

0:52.0

So what are your thoughts on day trading?

0:54.0

I don't like it.

0:55.0

I've tried it.

0:56.0

I've dabbled with options.

0:57.0

And it's a lot of fun if you do options because you can see it.

1:01.0

Really move.

...

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