In this episode of the Investing for Beginners podcast, hosts Andrew and Dave share the top 12 lessons they wish they knew when they first started investing.
They discuss the challenges of beating the market, the simplicity of investment math, the importance of continuous learning, and the nuances of understanding business fundamentals.
They also delve into the significance of valuation, the impact of volatility, and the emotional aspects of selling investments. The conversation highlights the need for accounting knowledge, the value of share buybacks, and the benefits of having a community in the often solitary world of investing.
Listeners are encouraged to learn from these insights to avoid common pitfalls and enhance their investment journey.
00:00 Introduction to Investing for Beginners
00:10 It's Not Easy to Beat the Market
03:38 The Math is Easier Than I Thought
05:59 You Don't Know What You Don't Know
10:27 The Money and Returns Will Come
13:21 Selling is Harder Than Buying
18:53 Nobody Knows Everything About Wall Street
23:20 You Have to Learn Accounting
24:10 Buybacks Are Not Bad
26:30 Don't Be Dogmatic
30:22 Valuation Matters
32:30 Volatility Will Happen
34:50 The Game is Lonely
38:14 Conclusion and Final Thoughts
Today's show is sponsored by:
Go to SHOPIFY.COM/beginners to start selling with Shopify today.
Go to shipsticks.com and use the code INVESTING for 20% off.
Go to get.stash.com/INVESTING to see how you can receive $25 towards your first stock purchase and to view important disclosures.
This episode is sponsored by BetterHelp. Give online therapy a try at betterhelp.com/INVESTING and get on your way to being your best self.
What do Dave and Andrew recommend?
Andrew works really hard to find the best insights he can every single month at Value Spotlight. To see a sample of his previous work, go to stockwriteup.com.
Have questions? Send them to newsletter@einvestingforbeginners.com
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