Australian Investors Podcast
Mitch Sneddon’s worst investments & what they taught him
Apr 23, 2025
Mitch Sneddon shares his harrowing tale of losing 80% on Fleetwood, shedding light on the risks of mining investments. The conversation highlights the critical importance of diversification and the dangers of overconfidence in investing. Key concepts like identifying 'price takers' vs. 'price makers' emerge, along with modern portfolio strategies focused on ETFs. Personal anecdotes illustrate the impact of past mistakes, emphasizing the need for a solid financial foundation and preparing for retirement while managing risk.
56:53
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Quick takeaways
- Mitch's catastrophic investment in Fleetwood illustrates the significant dangers associated with overconfidence and lack of diversification in volatile sectors.
- The discussion emphasized the importance of modern portfolio construction, particularly through the use of core-satellite ETF strategies to mitigate risk.
Deep dives
Understanding GARP Investing
Growth at a Reasonable Price (GARP) is an investment strategy that combines the merits of both growth and value investing. This approach seeks to identify companies that show consistent growth prospects while maintaining a valuation that is not overly expensive. By investing in a GARP-focused ETF, investors can gain exposure to a diversified range of high-quality companies that are well-positioned for future growth without the risk of overpaying for such assets. This strategy appeals to those looking to balance the pursuit of capital appreciation with risk management in their portfolios.
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