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The Stacking Benjamins Show

Lessons From Some of The Biggest Investing Mistakes of All Time (with an intro to OneClass) - REWIND

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Personal Finance, Financial Planning, Education, Retirement, Investing, Cfp, Business, Money

4.42K Ratings

🗓️ 6 May 2022

⏱️ 73 minutes

🧾️ Download transcript

Summary

We've all made mistakes but learning from them is the important lesson. Investing mistakes can cost you actual cash and we want to help you minimize that as much as possible. Our roundtable today looks back to an interview we did a few years ago where we talked about common investing mistakes and how you can avoid them. This episode aired in 2019 so ignore any mention of current events or giveaways. Take a look at our original show notes from the episode here. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Pre-recorded from Joe's Mom's Basement, welcome to another rewind episode of the Stacking

0:08.0

Benjamin Show.

0:09.0

Hey everyone, I'm Griffin the intern, or like the cashier at the store calls me, Fin Turn,

0:14.2

the Basement Bubblegum Champ.

0:16.4

Have you ever made a big money mistake?

0:18.5

One that cost you everything.

0:20.5

Just the other day, I was at Easy Mart down the street, and they were doing a raffle

0:23.8

to win $50 in store credit.

0:26.0

All you had to do was spend $5.

0:28.2

Of course, I wanted as many raffle tickets as I could get.

0:31.4

So I had the cashier ring me up for 50 different transactions, all for $5 each.

0:36.3

It seemed brilliant until I realized that I'd just wasted $250 on big league shoe and

0:41.2

soda, or as you Michigan people call it, pop.

0:44.6

And the worst part, you have to be at the store when they draw the winner and it's

0:47.6

at 5 a.m. on Saturday.

0:49.4

I'm starting to think they don't want anyone to actually win this.

0:53.3

Anyways, we've got a round table episode for you today that's all about investing mistakes

0:57.7

and man, do I wish I'd listened to this before I walked down there.

1:00.8

It could have saved me some serious money and my pride.

1:04.3

I hope you can take away some tips that help you avoid a mistake like me.

1:07.8

This episode originally aired in 2019, so ignore any mentions of current events or

1:11.9

giveaways.

...

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