We all make mistakes, and some mistakes hit your wallet as well as your pride. For the last episode of the year on the Telescope Podcast, Luke and Albert invite you to chuckle at their expense as they talk about some of their biggest financial mistakes, not only in investing but also in life.
- One of us blew his investment returns on luxuries way too early, ham-stringing long-term growth
- One of us thought he was a trading genius, buying low and selling high in penny stocks, but managed to realise the error of his ways before losing his shirt
- One of us saw his investment in Twitter drop, so he had the smart idea of doubling-down, only to see it drop further. Since it worked so well the first time, he doubled down again…
- One of us missed out on a 12X return on Apple because he wasn’t able to buy the stock one time, and he still hasn’t invested!
- One of us spent €500K on overseas property without doing any due diligence, lured by the promise of a quick profit (DYODD!)
- One of us was surrounded by stuff he didn’t need, wondering why he didn’t have more money to invest, until he discovered minimalism
In this week’s episode, we also take a look at a company suggested by one of our listeners, Quantafuel, a company tackling the huge problem of plastic waste in an innovative way. Is this the next growth sector in the fight against climate change and environmental harm?
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