In this Australian Investors Podcast episode, your hosts Owen Rask and Mitch Sneddon discuss:
- Mitch’s worst-ever investment (Fleetwood, ASX:FWD)
- Why mining services can be dangerous for retail investors
- Lessons learned from overconfidence and poor diversification
- Why Rask Invest now focuses on core-satellite ETF portfolios
If you love learning about ETFs, risk management, and avoiding classic investing mistakes, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube!
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Topics Covered
- Mitch shares the story behind his biggest loss: an 80% drop on Fleetwood
- How the mining boom masked serious business risks
- The importance of identifying “price takers” vs “price makers”
- Why underinvestment in non-core business areas can be fatal
- The danger of overconfidence and investing without diversification
- How Mitch uses ETFs today to avoid repeating past mistakes
- Why Rask Invest portfolios steer clear of individual ASX small caps
- Investor psychology and the critical need to plan for retirement
- Tips for retirees on managing risk and staying the course
- Mitch’s framework for modern portfolio construction
Resources for This Episode
📄 Learn More About ETF Investing & Rask Invest:
~~ Rask Resources ~~
🔗 Explore all Rask services – https://bit.ly/R-services
📋 Get Financial Planning – https://bit.ly/R-plan
📈 Start investing with Rask – https://bit.ly/R-invest
📜 Access Show Notes – https://bit.ly/R-notes
❓ Ask a question – just select the Investor Podcast – https://bit.ly/R-quest
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DISCLAIMER
This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.
If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg.
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