Making Money cover image

Making Money

Ask Us Anything: Is ethical investing worth it?

Feb 26, 2024
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

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.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

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