Amy is a member of the Making Money audience. Many of us have made mistakes in our investing journey but not everyone is brave enough to come on and tell us about it.
This episode was first published in November 2024
If you’ve had a big financial lesson like Amy and you’d like to share it with us, email our producers Ruth and Emma at ruth@getmost.co.uk
🤝 Want 1:1 financial help from us?
Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes
🎉 Sponsors
Vanta - Get your company secure and compliant: https://vanta.com/makingmoney
Tide - Get up to 4% AER variable with their Instant Saver Account: https://www.tide.co/offers/makingmoney
New Tide members get these rates free for 4 months, after which your Tide plan’s rates apply. For full details visit https://www.tide.co/makingmoney/.
–
If you don’t know Bill’s work here’s where I suggest you start:The Four Pillars of Investing: https://amzn.eu/d/hKCTHVJ
The Intelligent Asset Allocator (recommended by Jack Bogle himself): https://amzn.eu/d/6NKLjTu
The Investor’s Manifesto: https://amzn.eu/d/3kDgo57
–
If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.
This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.
Chapters:
00:00 - Moneyweek ad01:07 - 15 years in an index fund
09:15 - Pulling out in a crash
17:58 - Taxzap ad
19:12 - Looking for advice online
29:25 - Stock picking
36:26 - Vanta ad
37:40 - Knowing when to sell
44:03 - Making mistakes
54:33 - How much money did Amy lose?
59:19 - Lessons
