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EIL38: The Six Biggest Mistakes in Investment: Insights from an International Financial Analyst and Expert Andrew Stotz
Manage episode 409666046 series 1059558
Το περιεχόμενο παρέχεται από το Dr. Katrina Burrus, MCC, Dr. Katrina Burrus, and MCC. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Dr. Katrina Burrus, MCC, Dr. Katrina Burrus, and MCC ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
Everyone wants to succeed in their investments by avoiding the pitfalls discussed in the podcast.
The challenge lies in navigating the complexities of investment decisions, including conducting thorough research, assessing and managing risks, and avoiding emotional decision-making.
In this episode of the Excellent International Leadership Podcast, Dr. Katrina Burrus interviews Andrew Stotz, an international financial analyst and investment expert who has conducted 800 interviews on people's worst investment experiences.
Stay tuned to learn more about the six key lessons from Andrew's interviews.
What You’ll Learn From this Episode
Learn about the top 6 mistakes people make when investing, including insights into financial investments, starting a business, or entering a relationship.
Explore cultural differences in attitudes towards money between the US and Thailand.
Use the 6 listed investment mistakes as guide for you to create, grow, and protect your wealth
On investing ‘ "...people basically get emotional. They jump into something or they're not thinking clearly." - Andrew Stotz
Topics Covered:
00:15 - Discussion on the lessons learned from interviewing 800 people on their worst investment ever. Emphasis on the importance of research before investing and not solely relying on advisors.
04:29 - Importance of assessing and managing risks in investments.Explanation of the stop-loss strategy in managing risk.
06:26 - Discussion on the impact of emotions and flawed thinking on investment decisions.
13:15 - Examples of misplaced trust in investments leading to scams and fraudulent schemes.Comparison between the US and other countries in terms of regulatory burdens and trust in investments.
20:27 Importance of monitoring investments to prevent losses.Discussion on the decline of capitalism in the US and the impact of regulatory burdens on entrepreneurship.
28:55 Critique of the current narrative around big businesses and their role in societal issues.Discussion on the function of businesses to increase value within legal frameworks.
Connect with Andrew Stotz
Website 1: https://andrewstotz.com/
Linkedin: https://www.linkedin.com/in/andrewstotz/
Website 2:https://myworstinvestmentever.com/
Connect with Katrina Burrus
Facebook: https://www.facebook.com/katrina.burrus
More Impactful Episodes at https://mkbconseil.ch/eil-podcast/
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