10 things to AVOID in the world of finance & investing

Nov 20, 2023

In this podcast, Kate Campbell and Owen Rask discuss critical things to avoid in personal finance and investing, including sensationalism and emotional decision-making, the importance of active management in passive investing, avoiding the comparison trap, and not copying and pasting investment goals and strategies. They also emphasize the need for establishing financial foundations before delving into investing and highlight the consequences of neglecting tasks like portfolio review and updating tax information. The hosts encourage listeners to focus on their own goals and priorities, while also seeking personalized advice from a licensed financial planner.

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Introduction

00:00 • 2min

Investing in Financial Foundations

01:54 • 8min

Avoiding Sensationalism and Emotional Decision-Making in Finance and Investing

09:58 • 2min

The Importance of Active Management in Passive Investing

12:23 • 11min

Avoiding the Comparison Trap

23:23 • 11min

Avoid Copying and Pasting Investment Goals and Strategies

34:37 • 2min

Review, General Financial Information, and Sponsor Mention

36:10 • 2min

When you immerse yourself in the world of money and investing, you begin to realise not everyone knows what they’re talking about, and there’s a lot of noise and misdirection you need to swim past and mistakes to make and overcome.

We’re here to help you fast-track your journey a bit by sharing some of the things to avoid that we’ve learnt from our own experiences. In this episode, Kate Campbell and Owen Rask discuss some critical things to avoid on your personal finance and investing journey.

📚 Enjoyed this episode? You'll love Kate's book, Buying Happiness, which you can order on Booktopia or Amazon.

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DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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