The Doctor of Risk Management: Stop Loss, Volatility, Stock Picking, And More

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 24 July 2020

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Richard Smith spent the last 16 years leveling the playing field for individual investors.

We discuss some risk management secrets of professional hedge fund managers: how they manage risk in their portfolios, reduce volatility & protect wealth via stop loss strategies.

This is a great episode for novice and professional investors alike. Join us to learn how to invest with less risk.

For more information, visit the show notes at http://moneytreepodcast.com/risk-management-stop-loss-volatility-stock-picking-and-more

Today's Panelists

Kirk Chisholm | Innovative Wealth
Barbara Friedberg | Barbara Friedberg Personal Finance
Megan Gorman | The Wealth Intersection

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.0	Welcome to this week's episode of Money Tree Investing Podcast.
0:14.0	My name's Kirk Chisholm and I will be your host today.
0:17.0	So today is an exciting episode for me.
0:20.0	Today we have Richard Smith. How you doing today, Richard?
0:23.0	Doing great, Kirk. Thanks for having me. Good. Well, I'm glad to have you on. I've followed your work for years. I'm a big fan of all the stuff you're trying to do for investors. And I'm really happy that after, I think it was a good six months of pestering you, were able to get you on the show.
0:38.6	Happy to be here. Some of the listeners may not be familiar with your work. Maybe you can tell
0:42.8	listeners a little bit about your background. I kind of ended up in the market somewhat serendipitously.
0:48.5	I was working on my PhD in the mathematics of uncertainty, the late 90s, and the dot-com boom was happening.
0:57.3	Between about late 1998 and March of 2000, I got involved in the markets and was doing fantastic.
1:07.7	I was up about 300% on my life savings, which thankfully didn't amount too much at the time.
1:13.3	And then March of 2000 hit, which I'm sure many of your listeners will remember that time, but that was the beginning of the dot-com bust.
1:20.6	And all of my, you know, mathematical, savvy and gains sort of evaporated rather quickly. And I found myself much like a deer in the
1:30.6	headlights during the market downturn and not really being very honest with myself about what
1:35.9	was going on and what my motives were and what I was going to do and then what I didn't do,
1:41.1	et cetera. So it was all kind of a big wake-up call. But my background is in
1:46.1	helping people better understand uncertainty and quantifying uncertainty. So it started a lifelong
1:54.0	fascination with the financial markets for myself. And that led to a company that I founded in early 2005, where I started to develop
2:04.2	some algorithms and some tools to help not only myself, but the public better understand,
2:09.7	how to understand risk and leverage risk in the markets. And that grew to 30,000 customers
2:15.3	tracking over $20 billion of their own assets on my platform.
	...

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