My Worst Investment Ever Podcast

BIO: Brenda Bence is one of the world’s top executive leadership coaches and motivational keynote speakers.STORY: Brenda’s worst investment ever was pulling out of an investment to safeguard the funds she needed to fund her new business.LEARNING: Think long-term, even in the face of heightened risk. Don’t let emotions, primarily fear, impact your investment decisions. Diversify your portfolio. “Don’t let fear impact your investment decisions.”Brenda Bence Guest profileBrenda Bence is one of the world’s top executive leadership coaches and motivational keynote speakers. Recognized by both Thinkers50 and Global Gurus as an expert in her field, Brenda earned her MBA from Harvard Business School and authored 11 award-winning books on leadership, coaching, and branding.Brenda left the corporate world after a successful career managing megabrands for Fortune 100 companies. She is successfully running her own business out of offices in both Singapore and the US – an experience that has given her ample opportunity to make plenty of mistakes!Brenda’s latest book, The Forgotten Choice: Shift Your Inner Mindset, Shape Your Outer World, is available for sale. As a gift to listeners, Brenda has agreed to offer a complimentary copy of the Companion Guide to The Forgotten Choice – a workbook full of exercises to coach you through the book’s core topics and deepen your self-awareness. To receive your free fillable PDF copy of the Companion Guide, email a receipt of your purchase of The Forgotten Choice book to books@brendabence.com.Worst investment everAfter 9/11, Brenda realized that she was not happy with her corporate job even though she was pulling in a very nice six-figure salary plus generous bonuses every single year. She told her husband she wanted to start her own company.Just months after starting the business, Brenda convinced her husband to get out of the market to safeguard the funds they needed to fund her new business. The couple went primarily into cash and sold over 90% of their equity investments. In 2003, the market went up 28%, and in 2004 it went over 10%. So the market was going up, but they didn’t get back into investing for about three years. Brenda and her husband lost all those growth opportunities.Lessons learnedYou have to think long-term, even in the face of heightened risk.Don’t let emotions, primarily fear, impact your investment decisions.Andrew’s takeawaysOne of the most complex parts of investing is adding to your investment at the bottom of the market because everything looks terrible.Think long-term and diversify your portfolio.Actionable adviceWatch how you’re thinking about things because we have self-limiting beliefs that drive just about everything we do.No.1 goal for the next 12 monthsBrenda’s goal for the next 12 months is to build more passive income through content that will add value.Parting words “Enjoy, have fun, and let go of fear.”Brenda Bence [spp-transcript] Connect with Brenda BenceLinkedInFacebookInstagramYouTubeWebsiteBookAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Nik Kennett and his wife Allie are a US-based couple with a love of travel and adventure currently on a self-funded 6-month sabbatical through Europe and Asia.STORY: Nik stopped by a gas station in Croatia and assumed that a green handle on the fuel pump indicated diesel as it does in the US. This assumption made him put petrol in a diesel car. This rookie mistake almost cost them their well-planned 6-months long trip.LEARNING: Create space in your life to focus on what’s important. Always have travel insurance. “Create space in your life to focus on what’s important.”Nik Kennett Guest profileNik Kennett and his wife Allie are a US-based couple with a love of travel and adventure currently on a self-funded 6-month sabbatical through Europe and Asia. They attribute much of their success to financial planning and the accumulation of over 1.7 million credit card points and miles.Nik and Allie believe in the transformative power of travel and that an intentional sabbatical or gap year can be an incredible form of personal development and a great way to forge lasting bonds as a family or couple.That is why they have committed to documenting their journey and providing valuable tips and advice around how to plan and afford travel through ‘Away Together,’ their site, and YouTube channel.Worst investment everNik has made a few mistakes while he and his wife traveled through Europe and Asia while on a 6-month sabbatical. These mistakes have taught him a lot about traveling safely and smartly. One notable mistake was when traveling from Croatia to Italy. Before entering Italy, they needed some gas, so Nik stopped by a fuel station, grabbed the pump, and fueled their car. After driving off for a few meters, the car just suddenly stopped. It took him a while to realize the problem. He had put petrol in a diesel car.Nik had grabbed the fuel pump with a green handle at the gas station, assuming that the green handle indicated diesel as in the US. This rookie mistake set the couple back a lot of hours and money. It almost made them cancel their trip.Lessons learnedKeep a journal so you can document what you’re doing.Andrew’s takeawaysAlways buy travel insurance.Actionable adviceCreate space in your life to focus on what’s important.No.1 goal for the next 12 monthsNik’s goal for the next 12 months is to use their experience and adventure to help other people travel more and create bonds with their loved ones.Parting words “Think about what you want, write it down and work like crazy to make it happen.”Nik Kennett [spp-transcript] Connect with Nik KennettLinkedInFacebookInstagramYouTubeWebsiteBookAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Richard Bliss is the founder of BlissPoint Consulting, a social media consulting company that helps improve executives’ online communications and sales teams’ social selling behaviors.STORY: Richard got a cash gift of $500,000 from his employer. After paying 50% tax, he spent the rest to pay his student loans bought a new car, a house, and some furniture. He regrets not investing what remained after paying his debts.LEARNING: Small, incremental investments over time are more important than large lump sums. Find ways to make money and then invest in the stock market to turn that money into wealth. “Focus on the consistent, timely, small, incremental steps to growing wealth rather than trying to go hit the home run.”Richard Bliss Guest profileRichard Bliss is the founder of BlissPoint Consulting, a social media consulting company that helps improve executives’ online communications and sales teams’ social selling behaviors.A LinkedIn Top Voices Influencer, experienced executive communications manager, and social media coach, Richard has helped thousands of people master social media tools and become fluent in social conversations, building their platforms and confidence to reach their audience and define their brand effectively.Worst investment everRichard was part of a company that had a huge windfall, and the owner of the company felt that he had made an enormous contribution. So he gifted Richard $500,000 cash as a thank you.Richard was left with $250,000 after paying 50% in taxes. He used the balance to pay off his debts and bought a new car, house, and furniture. Richard even bought furniture for some of his relatives. In about eight months, he had zero money in his bank account. Richard regrets having so much cash and not investing it.Lessons learnedSmall, incremental investments over time are more important than large lump sums.Focus on the consistent, timely, small, incremental steps to growing wealth and growing success, rather than trying to hit the home run.Andrew’s takeawaysDon’t invest in the stock market if you want to get rich. The stock market is where you grow your wealth.Focus on creating a cash flow machine and then use the stock market to grow it.Actionable adviceWhen a windfall comes in, pay off your debts and then take whatever’s left and invest it so that it’s not part of your living expenses.No.1 goal for the next 12 monthsRichard’s goal for the next 12 months is to double his company’s revenue again just like last year and continue this trajectory of growth. [spp-transcript] Connect with Richard BlissLinkedInFacebookWebsiteBookAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: David Segura is an accomplished entrepreneur and investor. He currently serves as the CEO of Glassbox Media. This podcast platform enables Podcast Hosts to grow their brand revenue and new listener base with direct investment and technology support.STORY: David invested in and joined a startup in New York. The company was growing fast, and after their Series A funding, they got convinced by the lead investor to expand to London and other international cities prematurely. The company could not sustain the growth.LEARNING: Be deliberate with your growth plans. Focus on quality growth that you can build on. “Be deliberate with your growth plans.”David Segura Guest profileDavid Segura is an accomplished entrepreneur and investor. He currently serves as the CEO of Glassbox Media. This podcast platform enables Podcast Hosts to grow their brand revenue and new listener base with direct investment and technology support.David previously founded Giant Media, serving as the CEO from launch through acquisition. The company was an early Video Advertising Exchange that included AMEX, L’Oreal, and Dollar Shave Club clients. David launched the company in 2009, and an AdTech roll-up acquired it in 2014.David is also an active startup investor with upwards of 60 investments.Worst investment everDavid got interested in a startup company based in New York and invested in 2017. He believed that the genesis of that business was terrific, and the founder was brilliant. The founder even convinced him to get on board as an investor and as the chief strategy officer.The company was doing well in New York, and they decided to expand to other cities. To do so, the company had to raise funds. They raised $12 million in their Series A, and the lead investor was British, and they wanted the company to devote a lot of that capital to expand into London as soon as possible. The data indicated that they should double, even triple down in New York and not expand internationally. David tried convincing the founder that expanding internationally was not a strategic decision and they should instead push back. But they didn’t. They just went with the flow and used a significant amount of the capital raised to expand internationally. Not just London, but other places as well. The fast growth was too much for the company, and it couldn’t handle the capacity.Lessons learnedBe deliberate with your growth plans. Sometimes it’s prudent to slow it down to be more sustainable.When investing in a startup, it’s ok not to know what you’re doing or be a little scared.Identify the problem holding your business back and solve it. If you keep ignoring the elephant in the room, you’ll regret it.Andrew’s takeawaysGrowth, in and of itself, is not everything; it’s got to be quality, growth that you can build on. The growth that goes beyond the capacity of the operations to deliver what you’re promising is not good.Whenever you’re expanding, locally or internationally, take the time to look at the risk and return.Actionable adviceWhether you’re the founder, an angel investor, or even a VC, continually evaluate what the company is doing. Be honest with the senior executives and yourself and figure out ways to minimize risk. A lot of times, that means just focusing and narrowing down.No.1 goal for the next 12 monthsDavid’s goal for the next 12 months is to grow Glassbox Media into a US household name that creators and podcast hosts think of when they need help to scale their audience and revenue. [spp-transcript] Connect with David SeguraLinkedInTwitterInstagramWebsiteAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Andrew Henderson is a lifelong entrepreneur, world traveler, investor, and founder of Nomad Capitalist. He helps other investors and entrepreneurs create their nomad strategy, go offshore, keep more of their wealth, and enjoy an unprecedented level of global freedom.STORY: For Andrew, his worst investment ever was being born with US citizenship. He’s always felt that had he been born anywhere else, he’d have had an entirely different life. However, he kept staying because many people would call him a traitor and ridicule him whenever he wanted to exit that investment.LEARNING: Go where you’re treated best. You don’t have to keep your citizenship for the rest of your life. “There are 252 countries and territories in the world. The idea that yours is best at everything, let alone anything, is pretty egregious.”Andrew Henderson Guest profileAndrew Henderson is a lifelong entrepreneur, world traveler, investor, and founder of Nomad Capitalist. He helps other investors and entrepreneurs create their nomad strategy, go offshore, keep more of their wealth, and enjoy an unprecedented level of global freedom.Born and raised in the United States, Andrew left Arizona State University to start his own business. When his first business became successful, he started traveling a little. Within a few years, he began traveling at least half the time.He noticed that even though he was spending over six months outside of the US, he was still paying 43% in taxes! The money he wasn’t giving to the government or spending on travel, he reinvested into other businesses in the United States. But this meant, as those became profitable too, they cost a lot more in taxes.Andrew has spent over 12 years traveling to more than 100 countries, looking for and experimenting with the best places worldwide to employ offshore strategies and reduce your tax bill to nearly 0%. Andrew and his team dedicate their time to helping others get to this life of near-complete freedom.Worst investment everFor Andrew, his worst investment ever didn’t come with a choice – his US citizenship. He’s always felt that he’d have had an entirely different life had he been born anywhere else, say Canada. However, he kept staying because many people would call him a traitor and ridicule him whenever he wanted to exit that investment.But when Andrew realized that he was paying tremendous costs to be in the US, he eventually left and started his nomadic life.Lessons learnedGo where you’re treated best. Don’t hang around with a bad investment that’s not serving you just because there’s some dominance in that market.Build your infrastructure faster when you decide to be nomadic.Andrew’sAndrew’s takeawaysYour citizenship is an investment ultimately given to you at birth, but you don’t have to keep it for the rest of your life.Actionable adviceThere’s nothing wrong with lowering your taxes, and there are always options to get your taxes to zero. If you’re a risk-taker, you can take more risks, hire a lot more people, contribute a lot more, and give a lot back by lowering your taxes.No.1 goal for the next 12 monthsAndrew’s goal for the next 12 months is to build the vision for his team and build a bigger and stronger team of leaders.Parting word “Are you in every part of your life going where you’re treated best?”Andrew Henderson [spp-transcript] Connect with Andrew HendersonLinkedInTwitterWebsiteBookAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Mark was a columnist for Forbes for four years and is the author of the book SOCIALIZED!STORY: Mark started investing in real estate on the west coast of Florida when the market was up, but he didn’t heed to signs of a downturn and ended up making huge losses in 2008 when the financial crisis hit.LEARNING: Know your market and remember that the market doesn’t always go up. Make sure you apply the experience you acquire. “Group knowledge is power.”Mark Fidelman Guest profileMark Fidelman has been named a 2017 Top 20 influencer of CMOs by Forbes Magazine, a Top 25 Social Media Keynote Speaker by Inc Magazine, and a Huffington Post Top 50 Most Social CEO. Mark was a columnist for Forbes for four years and is the author of the book SOCIALIZED! He also hosts a popular marketing YouTube channel.Worst investment everIn 2005, US real estate was booming. A couple of states, California in particular, were increasing in value tremendously. So Mark decided that because California was too expensive, he’d try the west coast of Florida, in Naples, Tampa, or St. Petersburg. He started investing there, and his investments were doing well.The stroke of luck made Mark cocky, and he started thinking he was the greatest investor ever because no matter what he touched, it turned around, and he made a ton of money. And so, even with warning signs in 2007 that the market was going to change, Mark continued to plow ahead, thinking he’d figure out a way out of it. The market overturned in 2008, and Mark’s project turned into a loss.Lessons learnedKnow your market.Make sure your spouse or your business partners are on board with your investment idea.If you’re going into investments in real estate, join a real estate mastermind group.Andrew’s takeawaysRemember that the market doesn’t always go up.Experience is valuable, so as you gather that it, make sure you’re applying it.You don’t get rewarded for not knowing the macro.Actionable adviceGather an advisory board made up of a group of people that know the particular field you want to invest in. Gather all the input from this board and then make a decision.No. 1 goal for the next 12 monthsMark’s goal for the next 12 months is to prepare for a high inflationary environment.Parting words “Be vigilant, overanalyze things, take risks, but make sure you mitigate those risks as best you can.”Mark Fidelman [spp-transcript] Connect with Mark FidelmanLinkedInTwitterYouTubeAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Mabel Nuñez is the founder and Chief Education Officer at Girl$ on The Money, a stock market investing education company targeted to women, minorities, and individuals underrepresented in the world of investing.STORY: Mabel spent so much money and time taking an MBA that didn’t materialize to anything. Her biggest mistake was never building connections while studying.LEARNING: Make connections in your field as you study. Join career associations to make connections in your area. “Use your time as a student to make connections in that field.”Mabel Nuñez Guest profileMabel Nuñez is the founder and Chief Education Officer at Girl$ on The Money, a stock market investing education company targeted to women, minorities, and individuals underrepresented in the world of investing.Mabel teaches highly rated courses centered on stock market investing and is the author of two best-selling books. Through all of her resources and social media, she shares what she has learned (and continues to learn) since starting her investing journey back in 2008. Mabels holds both a Bachelor of Science and an MBA in Finance. However, most of what she’s learned about investing came from experience.Mabel is currently offering an online course Ready, Set, Invest workshop and has extended a 20% discount to all My Worst Investment Ever podcast listeners. Use Code: Abundance2021 to enjoy the discount.Worst investment everWhen Mabel turned 26, she decided to start pursuing an MBA. She took the GMAT and did horribly. Mabel paid for this expensive course to teach her how to master the GMAT, which didn’t help. However, she finally got into an excellent MBA school in New York City.Mabel was excited about getting the MBA because she believed it was her ticket to getting a fancy job on Wall Street. Little did she know that all that sacrifice of going to school part-time and working full time for four and a half years wouldn’t yield her much.After Mabel graduated with a degree, she realized that she had done nothing else but go to school throughout those four and a half years. She wasn’t making connections with people in the field where she wanted to work, and that’s probably why she was never able to build a career on Wall Street despite her expensive MBA.Lessons learnedIf you want to work in the field you are studying in, take your time as a student to make connections in that field.Andrew’s takeawaysConsider joining the associations in your career field to build connections and relationships.Actionable adviceFind a mentor or someone on the same career path as you or more experienced. Don’t just blindly listen to people that don’t know what they’re talking about. Find someone who understands your journey and can give you some valuable advice because the right mentor could save you a lot of time and money.No. 1 goal for the next 12 monthsMabel’s goal for the next 12 months is to use social media more to make a stronger connection with her audience. She also hopes to finish translating her first book into Spanish.Parting words “Take risks because that’s how you get ahead in life but just make sure they are calculated risks.”Mabel Nuñez [spp-transcript] Connect with Mabel NuñezLinkedInTwitterFacebookInstagramWebsiteResourcesAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Henry Eisenstein is a residential and commercial real estate agent and a real estate investor. He has personally sold and been a part of over $120 million worth of real estate transactions.STORY: Henry blindly hired a contractor referred to him by a friend. The contractor was so bad at his job and a project that should have lasted eight weeks took six months. Instead of costing $35,000, Henry spent nearly $60,000.LEARNING: Don’t hire a professional without references. Have good contracts in place that clearly outline milestones and timelines. “Referrals are the easiest sales pitches in the world.”Henry Eisenstein Guest profileHenry Eisenstein is a residential and commercial real estate agent and investor. He has personally sold and been a part of over $120 million worth of real estate transactions.This success comes despite being a two-time college dropout and suffering from suicidal thoughts and depression from age 8 to 18.Henry inspires others through his speeches on entrepreneurship, sales, mindset, and business at colleges and charity organizations around the US.Henry has a coaching program called The Ultimate Real Estate Accelerator. The 12-month program helps realtors create a $1m net worth and design a lifestyle they desire. The regular price is $2,997 but will be $997 for My Worst Investment Ever podcast listeners! DM Henry “STOTZ” on Instagram @henryeisenstein, and he will get you set up!Worst investment everHenry wanted to buy his first investment property as a primary residence using an FHA loan. The property was a four-bedroom family property. He searched for a contractor, and a friend referred one to him. Henry blindly trusted the friend. Everything seemed great.What should have been a  6-8 weeks project turned into a six-month project. Initially, the project was a $35,000 job, but it turned into a nearly $60,000 experience. By the end of it, about 70% of the work was done six months later, and Henry had to fire the contractor before he completed the project because he was still asking for more money, and he was doing nothing.Lessons learnedDo your due diligence up front before you hire anyone.Get 2-4 recommendations at the very least when hiring any professional.Don’t hire a professional without references.Andrew’s takeawaysHave good contracts in place that clearly outline milestones and timelines.Actionable adviceBefore you sign anything with anybody, make sure you get multiple references and see proof of their work.No. 1 goal for the next 12 monthsHenry’s goal for the next 12 months is to buy 100 units in his investment company.Parting words “Don’t hesitate to reach out to the incredible mentors out there. We’re one message away from helping you out.”Henry Eisenstein [spp-transcript] Connect with Henry EisensteinLinkedInYouTubePodcastAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

BIO: Dr. Siravich Wongpanich is a founder of the Money Clinic, a Thai Facebook page about trend-following trading. He is a doctor and a trader in the stock market, cryptocurrencies, and futures.STORY: Siravich invested in cryptocurrencies without research or a risk management plan. He lost 1/5th of his investment.LEARNING: Be careful dealing with futures. Find your sweet spot and try to operate within that sweet spot. “Have an investment plan and follow it.”Siravich Wongpanich Guest profileDr. Siravich Wongpanich is a founder of the Money Clinic, a Thai Facebook page about trend-following trading. He is a doctor and a trader in the stock market, cryptocurrencies, and futures.Siravich has an ongoing online course, Tools to Trend Trader Online Course and has extended a 15% discount to all My Worst Investment Ever Podcast listeners. Message him on Facebook to get your discount.Worst investment everWhen Siravich started investing in cryptocurrencies through futures contracts, he was super excited about the booming market. He jumped right into it without any research or a risk management plan. The cryptocurrency market was quite volatile, going up and down pretty fast. Siravich got 10x profit at one time but also lost around 1/5 of his capital in the end.Lessons learnedBe careful dealing with futures.Avoid revenge trading.Long-term investing is better than short-term investing.Andrew’s takeawaysWe need to compound our savings and investments over time to have enough money to do the things we want, such as retire.If you invest with overconfidence, the market will take your confidence away.Find your sweet spot and try to operate within that sweet spot.Actionable adviceHave an investment plan and follow it because if you fail to plan, you are planning to fail.No. 1 goal for the next 12 monthsSiravich’s goal for the next 12 months is to build a community on Facebook. He’s also working on building a trading strategy that suits him.Parting words “Develop and improve yourselves by learning from your previous experience and mistakes.”Siravich Wongpanich [spp-transcript] Connect with Siravich WongpanichLinkedInTwitterFacebookWebsiteAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

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 profileGolf 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 everWhen 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 learnedDo 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 takeawaysJust 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 adviceStudy technical graphs and apply them in investing.No. 1 goal for the next 12 monthsGolf’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 [spp-transcript] Connect with Golf SarunTwitterFacebookYouTubeWebsiteAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever PodcastFurther reading mentionedHarry Markowitz (January 1952), Portfolio Selection