In this unique episode of the Investing for Beginners podcast, the hosts turn the microphone inward as Dave takes the 'patient' seat and Andrew assumes the role of 'therapist'.
Dave discusses his challenges in managing a portfolio of 25-26 companies, expressing concerns about over-diversification and the pressure to stay informed on each holding. The conversation delves into the emotional aspects of investing, the balance between staying informed and being overwhelmed, and specific stocks such as MasterCard, FICO, and Meta.
The hosts explore strategies for managing portfolio size, staying informed without getting overwhelmed, and overcoming biases when evaluating new investment opportunities. The episode wraps up with insights on the therapeutic value of discussing investment struggles openly and the introduction of a new 'stock therapy' workshop for their Value Spotlight community.
00:00 Introduction to Stock Therapy
00:44 Portfolio Management Challenges
04:30 Balancing Information and Emotions
17:41 Reevaluating Investment Strategies
30:38 Stock Therapy Sessions Announcement
32:29 Conclusion and Final Thoughts
Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.
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.
Use code [INVESTINGPOD] at the link below to get an exclusive 60% off an annual Incogni plan: https://incogni.com/investingpod
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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