Exploring the investment potential of collectibles like Pokemon cards, comparing them to traditional stocks. Insights on unconventional investments like wine and Pokemon cards, emphasizing diversification. Discussing the shift towards ethical investing, focusing on ESG criteria and climate change risks. Navigating the complexities of ethical investing, including the true environmental impact of eco-friendly products.
16:18
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Invest in what you understand thoroughly for successful investments, whether collectibles or stocks.
Ethical investing (ESG) requires effort and clear moral understanding to align with personal values.
Deep dives
Investing in Collectibles vs. Stocks
The podcast discusses the listener's dilemma of investing in collectibles like Pokemon cards versus traditional stocks. The host shares a story about their son's successful investment in Pokemon cards due to his expert knowledge in the area. They emphasize the importance of investing in what you understand thoroughly, whether it's collectibles or stocks, as knowledge and expertise play a significant role in successful investments. This leads to the concept of fastidious investing, where investing in what you know extensively can be more beneficial than dabbling in areas without adequate knowledge.
The Significance of Environmental, Social, and Governance (ESG) Investing
The conversation shifts towards ESG investing, focusing on environmental, social, and governance factors in investments. The host highlights the importance of understanding the criteria and values of ESG funds, cautioning against greenwashing where funds may not truly align with ethical standards. They suggest that investing ethically requires effort and a clear understanding of one's morals, likening it to making conscious choices like being vegan. While ESG investing might involve higher costs and potential performance trade-offs, it can align investments with personal values and contribute to ethical decision-making.
Challenges and Considerations in ESG Investing
The discussion delves into the challenges of ESG investing, including greenwashing and the complexity of achieving a fully sustainable or carbon-neutral business model. The host stresses the need for thorough research into ESG funds to ensure they match personal ethical standards, as the ESG label can sometimes be superficial. They point out the profit-driven nature of businesses adopting ESG practices to attract environmentally conscious consumers, urging investors to scrutinize the actual impact of ESG initiatives beyond surface claims. The episode concludes with the reminder of the risks associated with investments and the importance of doing due diligence before making financial decisions.
This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode