My Worst Investment Ever Podcast Golf Sarun – Don’t Trust People with Your Investment
BIO: Golf Sarun is the founder of a Thai Investment channel, Longlongthun (ลองลงทุน), which aims to educate his fellows about how to invest in crypto efficiently, stocks, and many other things.
STORY: When Golf was 18 years old, one of his friends told him of his father’s company listed in the stock market. The stock was doing well and would to do even better due to a project coming up. Golf told his mom about the stock, and she invested. A few months later, the stock price plummeted and never recovered. Golf’s mom lost 60% of her investment.
LEARNING: Don’t trust people with your investment. You have to invest on your own and for your own reasons.
“Don’t trust people with your investment.”
Golf Sarun
Guest profile
Golf Sarun is the founder of a Thai Investment channel, Longlongthun (ลองลงทุน), which aims to educate his fellows about how to invest in crypto efficiently, stocks, and many other things.
Worst investment ever
When Golf was 18 years old, he had friends with whom he hung out. The father to one of the friends in the group owned a company listed in the Thai stock market. At the time, the stock’s price was going up quickly. The friend told them that the price would continue to go up because of a new project coming up.
Golf saw this as an opportunity to make money quickly. He went home and told his mom about it. His mom sold her gold to buy the stock. After purchasing the stock, the project’s news came out, and the price went up. But after a few months, the price started going down so fast, and Golf’s mom lost 60% of her investment.
Lessons learned
- Do your research before investing in anything.
- Set clear boundaries of buying and selling conditions.
- Learn to read financial statements.
- Don’t trust people with your investment.
Andrew’s takeaways
- Just because you have information or some news, you don’t know how the markets will perceive that news.
- You have to invest on your own and for your own reasons.
- Have predetermined future actions for when the market crashes or goes up.
Actionable advice
Study technical graphs and apply them in investing.
No. 1 goal for the next 12 months
Golf’s goal for the next 12 months is to grow his portfolio by at least 20%.
Parting words
“Keep increasing your knowledge, and your money will continue to increase.”
Golf Sarun
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Connect with Golf Sarun
Andrew’s books
- How to Start Building Your Wealth Investing in the Stock Market
- My Worst Investment Ever
- 9 Valuation Mistakes and How to Avoid Them
- Transform Your Business with Dr.Deming’s 14 Points
Andrew’s online programs
- Valuation Master Class
- How to Start Building Your Wealth Investing in the Stock Market
- Finance Made Ridiculously Simple
- Become a Great Presenter and Increase Your Influence
- Transform Your Business with Dr. Deming’s 14 Points
Connect with Andrew Stotz:
Further reading mentioned
- Harry Markowitz (January 1952), Portfolio Selection