The Courageous Everyday Investor, Ep 258

Unless your retirement plan is receiving an inheritance, you know that if you don't make this investing thing work, there's no plan b. Sure you could take a gamble with average and hope it'll be enough, but what if the future's going to be different? What if it's harder for a season to generate a meaningful return for a while? Well, you need to be an excellent investor.

While it’s easy say and hard to do, being excellent doesn’t need to be complicated: Just keep getting better at what you’re doing, then wait for the voices saying you can’t, to gradually fade away. Job done – you're officially most excellent!

Good is awesome when you've come from worse. It's a bit discouraging when the goal is to be safe though.

The rewards for safety are average returns.

The rewards for being courageous?

It's the satisfaction knowing that when you faced 'resistance', you leaned into it, and you prevailed.

In a world increasingly petrified of everything, making safety the primary investment objective could be one of the dumbest things to aim at.

Maybe we learn excellence with sport, business, public speaking, leadership, whatever – but can we apply the same principles of pushing through to the world of investing too?

In this episode with Cole Hauptfuhrer from www.findfatfish.com, we’re going to talk about being excellent at picking individual stocks.

Wait a minute! You can’t outperform the market!

You’ve seen the slides and stats (at events sponsored by the passive fund managers) - it’s hard and often impossible to beat the average, especially consistently through time.

So in other words don’t bother even trying – you don’t want to gamble your retirement trying to prove statistics wrong do you? Perhaps it’s true that the most efficient way to get a compounding return from the market over time is through low cost managed funds though.

It’s efficient, but is it best? More importantly, is it best for you?

Cole Hauptfuhrer is not a financial adviser, he doesn't handle 'client money', and he does not provide an investment recommendation. For more information, please check out www.findfatfish.com

Ask me anything, suggest a topic, or a guest!

_______________________

Hey! Like what you've heard today?

I'm on a mission to help you grow wealth, protect it, then give it away.

Here's some ways you can get alongside the NZ Everyday Investor - no pressure, but I'd appreciate any help you could offer:

Use the following referral/affiliate links

Hatch: $10 for you, and $10 for me, if you sign up and deposit $100NZD.

Sharesies: $10 for you, and $10 for me, if you sign up for the first time with them.

Easy Crypto: One of NZ's most trusted places to buy/sell your digital assets. 

Sharesight: Get 5 months free when you sign up to an annual (paid) subscription. Check out to this Kiwi-born investment-tracking platform.

CMC Markets: You and I both get $150 if you sign up using this link. *Note that 'contracts for difference are a high risk investment option. Read t's and c's here

Share this Spotify link with your friends: https://open.spotify.com/show/0MA6EGur387YT1ENKIffMx?si=b1C28fV7TmWib8qXnZLDoA

_________________________________________________________

So what's next for you?

Well, you may want to consider the following...

1 - Write a review on Facebook, or your favorite podcast player

2 - Ask me anything, suggest a topic!

3 - To catch the live episodes, please ensure you have subscribed to us on Youtube: 

4- Sign up to our newsletter here

Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research, taking on board a broad range of opinions, or ideally, consult and engage a financial adviser to provide guidance around your specific goals and objectives.

If you would like to enquire around working with Darcy (financial adviser), you can schedule in a free 15 min conversation just click on this link

I genuinely want you to build new wealth for the new world - I want you to protect it, and I want you to be generous!