Learn From My Investing Mistakes: Don’t Learn the Hard Way!

Рет қаралды 37,584

Күн бұрын

It doesn’t matter how experienced an investor you are, it is easy to make mistakes. Recently this has happened to me and it reminded me of three valuable lessons. As Charlie Munger said “One of the best ways to learn from mistakes is to learn from the mistakes of others” So in this video, I'm going to tell you the sad story of where I went wrong so you can avoid making the same mistakes as me
✔️ New users of Stockopedia get a special 25% discount on any annual plan if they use this link stk.pe/pensioncraft or enter our promo code 'PC25' at the checkout.
This affiliate link provides you with a special offer and we may also earn a commission.
What Else PensionCraft Offers:
💡 Become a pensioncraft.com member and learn how to be a better investor. To find what we offer and how you can join our friendly community click here www.pensioncraft.com/investor...
❓ Book a coaching session with Ramin so he can answer your questions in a one-to-one video call via Zoom: pensioncraft.com/power-hour/
📰 Sign up for our free weekly market roundup to get news and views about what's going on in the stock market and wider economy pensioncraft.com/market-roundup/
📖 Understand investment in more depth with my online courses pensioncraft.com/courses-we-o...
🎧Check out our free weekly podcast "Many Happy Returns" on your podcast provider of choice or here many-happy-returns.captivate....
Where Else You Can Find Me
🌐 Website - pensioncraft.com/
📱 Twitter - / pensioncraft
👨 Facebook - / pensioncraft
🔗 LinkedIn - / pensioncraft
Take A Look At Some Of My Other Videos
📹 Investment For Beginners playlist • Investing for Beginners
📹 Investing For Retirement playlist • Investing for Retirement
📹Investing With Vanguard playlist • Investing with Vanguard
📹 Portfolio Building Blocks playlist • Portfolio Building Blocks
DISCLAIMER
All information is given for educational purposes and is not financial advice. Ramin does not provide recommendations and is not responsible for investment actions taken by viewers. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results.
If you need financial advice, Unbiased, the UK’s leading online directory of financial advisers, can connect you to an Independent financial advisor for free. Additionally if you use our link to register with Unbiased, your first consultation with a financial adviser is free. imp.i337888.net/c/4012142/193... (This link provides you with a special offer and we will also earn a small commission)

Пікірлер: 137

@Pensioncraft Ай бұрын

✔ New users of Stockopedia get a special 25% discount on any annual plan if they use this link stk.pe/pensioncraft or enter our promo code 'PC25' at the checkout. This affiliate link provides you with a special offer and we may also earn a commission.

@genericusername5909 Ай бұрын

Ad readings is one thing, but please take a short breather first so they don’t sound like they’re part of the content

@fahdmirza Ай бұрын

@Pensioncraft Ramin , do you think margin of safety applies to index funds? Should we still keep buying index fund if the whole market is a bull and over-valued? Thanks.

@sg5127 Ай бұрын

Years of fun portfolio have taught me they aren't fun

@rogerq7369 Ай бұрын

😂😂

@goober-ll1wx 3 күн бұрын

Diversification is massively overstated with investors, all the big crushers make outperformance with concentrated conviction bets, the retail scared mindset is what keeps them poor, I made all my wealth from essentially two plays. All diversification will do is cost you upside...

@sg5127 Ай бұрын

With stockopedia I'll be able to make the same mistakes as you.

@teddyb4957 Ай бұрын

🤣🤣🤣🤣🤣

@birenpatel007 Ай бұрын

I always look forward to seeing your videos Ramin. Thanks for teaching me how to invest. It's very hard to find a genuine person who will give you good advice these days as everyone is just after your money.

@Pensioncraft Ай бұрын

I appreciate that @birenpatel007

@MagicNash89 Ай бұрын

A bit too many ads, the critics might be onto smth here.

@gravity-arbor Ай бұрын

I just skip the ads. I think it’s ok for him to monetise his channel. 😊

@MagicNash89 Ай бұрын

@@gravity-arbor I also skip, but I had to skip a bit too many times this video. It was, what, 3-4 times. The video is not like 30 minutes long even.

@morrisblumenthal2511 Ай бұрын

Great video. Stories from personal experience are always the best way to learn. Thank you.

@pauldavidthomasfrodo Ай бұрын

My father is vey bright. He spent years learning about stocks, investors chronicle, lots of research and time and effort. In the end he has done very well indeed. But his cumulate conclusion was, don't waste your time. Just put it in a low cost index tracker. I would not waste my time trying to figure the market out. I've got better things to do in life.

@convinth Ай бұрын

So why are you viewing a video on investments?

@pauldavidthomasfrodo Ай бұрын

@@convinth Because it is always useful to keep abreast of what is going on in the market. Even if you don't agree with something you should not close your mind to something you might learn.

@NS-pt9rr Ай бұрын

Made many mistakes thinking i am God stockpicker.. not anymore, im all in on ETF's now, leave it alone and let it do its thing

@NightElff88 Ай бұрын

Ramin, if you are keeping these stocks in a pie and you really want to rebalance- I’d recommend choose the following: when you fund your pie there’s a fund distribution option - choose “self-balancing”.

@fredatlas4396 Ай бұрын

Etfs have bid offer spreads as well to be wary of. I think you need to try and find etfs that are large and have a large volume, good liquidity

@eclkt Ай бұрын

Thank you

@Pensioncraft Ай бұрын

You're welcome @eclkt

@rogerq7369 Ай бұрын

This was a very educational video!! I appreciated the way you explained the terms and the examples you gave. Thank you.

@Pensioncraft 29 күн бұрын

Glad you enjoyed it @rogerq7369

@sg9524 Ай бұрын

Great video, such rare info.

@Pensioncraft Ай бұрын

Glad you liked it @sg9524

@christoph8429 Ай бұрын

Great video!

@Pensioncraft Ай бұрын

Glad you enjoyed it @christoph8429

@mmabagain Ай бұрын

Thankfully, the only investing mistakes I have made are missing out on gains because I always stayed too conservative. Now that I am retired, I just put it all in equal parts into Vanguards Wellington and Wellesley. Ends up being 50/50 stock to bond.

@wakey87 Ай бұрын

Great video, too many times I've taken 5% thinking I'm beating inflation just for the stock to keep on going. Leaving my garden with nothing but weeds.

@perroviejo666 Ай бұрын

Excellent video, very interesting. It is incredible how many factors you must take into account when managing your investment portfolio. Thanks Ramin for sharing. Greetings from Buenos Aires, Argentina!!

@AlessandroBottoni Ай бұрын

Great video and great lesson. Congratulations and... many thanks for having warned us about these potential risks.

@Pensioncraft Ай бұрын

Our pleasure @AlessandroBottoni

@scowy1978 Ай бұрын

What’s the obsession with diversification? Ramin’s already 90% diversified. Have faith in your knowledge and abilities. A simple rule to avoid illiquid stocks is to avoid anything greater than a 0.5%/50bp spread. You’ll not have any problem buying and selling then. But on the other hand small caps are where fortunes are made.

@auldmart Ай бұрын

The lack of liquidity and wide spreads on small caps is one of several reasons I avoid investing in the UK. The same strategy applied to US small caps might have had a different outcome.

@gerritroe5 Ай бұрын

I try to rebalance never.

@Abdul_Rahman86 Ай бұрын

My approach to investing is different for now. I use the analogy of the “pick axe and shovel salesman” the richest man when gold is found in the man who sells pick axes and shovels. If AI is they hype. Invest in Microsoft, apple, alphabet etc. If there’s conflict I’ll invest in LMT, BAE. If housing prices look like they’re going to rise, I’ll invest in caterpillar, etc

@joycekoch5746 Ай бұрын

Even Munger made mistakes. He laughed at me in 2012 when I went in heavily on BTC Making it 27% of my investment portfolio. AS far as I know Munger died with the same as his 2012 attitude. I still have my BTC exposure but it is down to 7% of my portfolio.

@DismalScience Ай бұрын

Is the bid/offer spread set by the trading company, or the market maker for the shares? Is it the case that ‘free trading’ platforms make margin by extending the bid/offer?

@patrickf2671 Ай бұрын

Hello Ramin, most of us who have been investing in stocks have bigger tales of woe...despite doing relatively ok over the long term

@jabberwockytdi8901 Ай бұрын

If you believe in the initial criteria then stick with it and live with the sector concentration, in this case it’s a by-product of the screening, not part of a diversification strategy - in any case that went out the window when choosing uk market only

@Keiron12 Ай бұрын

If creating such a screen, where would one draw a reasonable line, regarding the spread?

@TibetanEntertainment Ай бұрын

Hey there I liked your video

@Pensioncraft Ай бұрын

I am glad you enjoyed it @TibetanEntertainment

@fahdmirza Ай бұрын

Do you invest in an index fund no matter what the price is? Or do you wait for a bear market?

@user-uc8jo4nq1p Ай бұрын

Dollar cost average, trying to time the market is a mugs game.

@mariusmartinsen2064 Ай бұрын

DCA you have to be constant. Buy monthly, weekly etc. When it dips buy more

@djplt1240 Ай бұрын

I made this mistake waiting for a correction right after the covid 2020 surge, ended up losing out on some very large gains. +1 on the comments above say.

@fahdmirza Ай бұрын

@@mariusmartinsen2064 What about margin of safety then expounded by Ben Graham, Warren Buffet etc? Does this margin doesn't apply to Index fund?

@kingarthur7250 Ай бұрын

I invest monthly and ignore down time. U could lose 20 to 30% in a crash...just leave it and on recovery u make it all back. Consistent investment...don't touch it. Don't panic sell. Ride out the dips.

@kingarthur7250 Ай бұрын

I just invest in indexes. With odd company for a fun chance. Ie amd and Intel.

@oceansunsetak 20 күн бұрын

Mistakes are easy to make if you have individual stocks in your porfolio. You must have the patience of a Budda , time and luck. Mistake number one: trying to predict the market.

@vinay4886 Ай бұрын

1. I don’t understand why the ‘fun portfolio’ should be diversified. 2. Bid-offer spreads and trading costs are all very well but isn’t the whole idea of a fun portfolio to pick stocks that do well and cover all the costs of buying, keeping and selling? If the costs make such a difference to the portfolio, maybe you’re not picking wisely…

@Laser2120 Ай бұрын

And also if he has more than 7 different companies in the fun portfolio he will start to replicate the market, making it harder to actually beat it.

@peterholmes2089 Ай бұрын

I also sell out of stocks when I consider them to be very over-valued. Sure, they can continue to go up, but there is a high risk of them crashing back to reasonable valuations. Better to take the gains and re-invest into a new under-valued stock.

@citizenpb Ай бұрын

So you're saying buy low and sell high? Wow, I think you might be really onto something there.

@UndisturbedMonk Ай бұрын

No such thing as a fun portfolio when you're losing to the market every year. It just becomes a chore to maintain and dilutes long term compounding when you mess with it.

@NightElff88 Ай бұрын

But Ramin is winning despite his rebalancing mistake.

@Nightzo Ай бұрын

I'd expect a fun portfolio to contain meme stocks, stocks in potential bubbles and crypto etfs

@Larry82ch Ай бұрын

Ramin, our ETF-Pro, used to own hundreds if not thousends of stocks bundled into a indexes, goes into individual stocks. And what happens? "Oh no! I'm not diversified!" 😂

@alexm7310 Ай бұрын

Really interesting (again). Way beyond my capabilities, although I did follow... Still, must have been fun to do? Illiquidity always reminds me of a certain Mr Woodford! 😊

@andyodoherty1323 15 күн бұрын

You need to look at the film the reluctant fundamentalist - really good film where the outcome is unexpected a bit like most fundamentalists get ;-)

@jayearl3591 Ай бұрын

Where you went wrong is the "UK" bit lol....😂 given the UK is a total mess (fellow Brit myself). That's probably why there's no UK based funds that meet this criteria whereas in the US you have funds like CALF which are performing pretty well relative the IWM. Regarding the bid/offer aspect - this is probably why its best to slowly get in and out of positions and take a longer term view with small caps

@eweng903 Ай бұрын

Would have thought you would be better off with large-caps given that small-caps have underperformed in recent years.

@Discovery2024-rn8kn Ай бұрын

Stock price don't increase forever, plenty of duds and terrible management

@elephantandcastle838 Ай бұрын

The guy who profits from the buy-sell spread is the market maker. These outfit's generally make money regardless of the price movement. Waiting for ads next video for itch scratching cream 😂

@nh64uk78 Ай бұрын

MISTAKE MISTAKE - All far too complicated and you are wasting your time!! Just buy the BEST of the BEST as per Terry Smith BUT with a focus of 10 stocks max & common sense trading. You will beat the market!!

@koneism Ай бұрын

Yes but his fund fees are not cheap though. I'm invested in that fund. My s&p/world fund is cheaper to run & I'm getting similar if not higher returns.

@paulturner4419 Ай бұрын

Fun portfolios are dumb you should treat all investment money the same. It just leads to bad discipline.

@equilibriumxi Ай бұрын

Where does the bid offer spread actually go? if the buyer had to pay 288p and the seller only got 228p on that day, who got the other 60p ?

@XylophonEichel Ай бұрын

For a small, illiquid stock, there might be literally not enough people willing to buy/or sell the stock at any moment in time. Especially not at the same price and in large amounts. So a market maker comes in who provides liquidity to the market, so you actually can buy any small stock at any point in time. They build a position in any stock and then try to offer to buy/sell on their terms. So they might offer to sell a stock they have for 60 (offer) or to buy it for 50 (bid). If they manage to perform that trade to both buyers and sellers at the same time, they make a profit on the spread. If there are a lot of buyers and sellers, market makers can’t maintain such a large spread, because people can just find another party to buy/sell the stock to, so the buy/sell price moves closer together.

@mattlm64 Ай бұрын

Why didn't you use a limit order? If you were patient you might have got a decent fill.

@richardjackson5380 Ай бұрын

Because these are probably pension funds without trading tools

@mattlm64 Ай бұрын

@@richardjackson5380 He said he uses T212 in other videos and they have limit orders. I'd suggest he shouldn't be trading illiquid securities without such tools available.

@nb-ii2rb Ай бұрын

Taking 10 minutes to do a stock screen is probably unlikely to result in market outperformance

@jimbojimbo6873 Ай бұрын

Where’s that shirt from

@lawrencer25 Ай бұрын

Primark 🥰🥰😘

@alexm7310 Ай бұрын

Marks & Spencer

@Pensioncraft Ай бұрын

M&S good call @alexm7310

@philgosling Ай бұрын

So why didn't you just do what the lists told you to do and don't pick expensive bid offer prices and start again.

@qake2021 Ай бұрын

✌️✌️✌️✌️😁✌️✌️✌️✌️

@jasonedwards6870 Ай бұрын

Such a difficult listen with you plugging stockapedia endlessly but the stockapedia tool was responsible for your poor outcome. Buy. Do nothing. That's the lesson. Stockapedia is not required.

@TheNimbleNomad Ай бұрын

Oh man - I thought this video was going to be actual lessons learnt but it’s just an add for stockopedia.. shame!

@ivanbeacon5883 Ай бұрын

Yawn. Another shilling clip. If you were interested in helping you'd be researching the FCA's real objectives.

@mattinterweb Ай бұрын

Beat the market? Buy 90% the market and 10% technology. Wait 5-10 years. Done.

@chrisf1600 Ай бұрын

Yes, that worked great in 2000 /s

@fredatlas4396 Ай бұрын

It has worked well but nobody knows if the outperformence of tech stocks will continue in future. They are at very high valuations now so could under perform over next decade, but the problem is nobody knows. So I guess if you don't want to speculate then just buy the whole market at low cost

@mattinterweb Ай бұрын

@@fredatlas4396 all subject to opinion of course but I believe we're at the beginning of a secular AI bull run that will last 5-10 years. Pullbacks yes, but over the long run tech will continue to outperform. The balance sheets of the biggest companies in the XLK are unbelievable. I pick stocks as well as having an ETF core, but if I was just picking ETF's I'd personally lean more into tech & industrials.

@lrac111 Ай бұрын

32 seconds in and I'm out. Another advert. You really lower your value so much. Oh well unsubscribed

@TheUnluckyGama Ай бұрын

You do realise ads are primsrily driven by KZfaq not Pensioncraft

@DavidSmith-do6ji Ай бұрын

I pay for KZfaq now to avoid the advertising! Not expensive at all when you think about it.. I recently heard a saying that if the is something you need and you haven’t bought it then it is already costing you money!

@lrac111 Ай бұрын

@TheUnluckyGama youtube didn't do the advert lol another paid promotion.

@TheUnluckyGama Ай бұрын

@DavidSmith-do6ji same, it's worth it for the music platform (rather than spotify) and you get the bonus of no ads

@mush893 Ай бұрын

Dude it's like a 10 second ad read...