The Investing for Beginners Podcast - Your Path to Financial Freedom

12 Things I Wish I Knew When I First Started Investing

Feb 27, 2025

Hosts share valuable lessons from their early investment days. They discuss the challenges of beating the market and emphasize the importance of understanding business fundamentals. The significance of patience and the emotional barriers in selling investments are explored. Listeners learn about the necessity of accounting knowledge and the role of fair valuations. Community support is highlighted as an essential tool in combating the loneliness often associated with investing, encouraging a mindset of continuous learning and collaboration.

45:15

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Episode notes

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Quick takeaways

Understanding that investing is challenging and that emotional detachment is crucial for selling losing investments fosters growth as an investor.

Continuous learning about market principles and engaging with a community enhances the investment journey and helps avoid common pitfalls.

Deep dives

The Power of Shopify

Shopify is presented as a transformative commerce platform that supports businesses of all sizes, from small garage entrepreneurs to large corporations preparing for IPOs. The platform provides tools to manage various sales channels seamlessly, whether through in-person point-of-sale transactions or online e-commerce setups. With features designed to optimize the customer experience, including a high-converting checkout process, Shopify helps businesses effectively turn casual browsers into loyal customers. This comprehensive support has positioned Shopify as a significant player in the e-commerce sector, powering around 10% of all online commerce in the U.S.

Intro

2min

Lessons from the Investment Journey

13min

The Patience of Investing and the Challenge of Selling

2min

Overcoming Investment Emotional Barriers

8min

Understanding Investment Limitations and Personal Growth

3min

Navigating Investment Wisdom

13min

The Power of Community in Investing

4min

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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