The Recipe for Successful Stock & Option Investing

Sep 25, 2023

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To be successful in investing, you just want to make sure you don’t make a few mistakes that most investors make. The biggest mistake is not knowing what you are doing when it comes to investing. It's like investing in stocks that you don’t understand because you’re afraid of FOMO. Scott Kyle and Patrick Fischer want to make sure that you avoid as many of these investing mistakes as possible. Scott is the CEO and Chief Investment Officer of Coastwise Capital Group, LLC, a boutique money management firm. Patrick is a Financial Advisor at Coastwise, and they both are the authors of a new book called The Compound Code: An Expert Guide to Trading Stocks and Options. We haven’t talked a lot on this show about investing in options and dividends, but to be a successful investor, you should know how they work. Don’t worry, this episode won’t get too technical. Instead, they share the recipe you need for successful stock investing; we talk about what options are when you should use options, how to buy a good stock, what dividend stocks are, and a whole lot more.

LINKS

The Compound Code: An Expert Guide to Trading Stocks and Options book

Coastwise Capital Group website

Timestamps

[00:02:07] Investing in options and dividends.

[00:06:23] Explosion in options trading.

[00:07:31] Options as income generation.

[00:11:45] Investment time horizon.

[00:14:22] Warren Buffett's authenticity.

[00:18:22] The reality of risk.

[00:21:28] Adding fixed income for retirement.

[00:25:39] Mistakes in investing.

[00:29:13] Due diligence for small-capped stocks.

[00:32:18] Long-term hold and surviving downturns.

[00:36:24] Achieving specific investment objectives.

[00:39:00] Dividend-paying stocks.

[00:43:01] Typical investing mistakes.

[00:45:50] A brand new episode.