Michael Bungay Stanier's Worst Investment Ever: Michael had $5,000 that he wanted to invest. He tasked his wife with finding the most suitable investment option. She found e-trading. They opened an online account and bought one share from about 20 companies. When it was time to sell, they lost almost half the remaining value of the portfolio to selling fees.
BIO: Michael Bungay Stanier is the author of seven books that have sold over a million copies between them. He’s best known for The Coaching Habit, the best-selling coaching book of the century and already recognized as a classic.
LEARNING: If you’re struggling with investing, find a trusted financial advisor to manage your investments—separate creating wealth from growing wealth. Understand the nature of the markets before you invest.
“If you’re not going to be good at this, find somebody else who is. Then go find something else you can be good at.” - Michael Bungay Stanier
My Worst Investment Ever podcast: In this podcast, Andrew Stotz talks to expert guests such as Raoul Pal, Lou Adler, Christopher Mayer, Danielle DiMartino Booth, Ranveer Brar, Morgan Housel, David Barnett, J Money, Mark Moss, Patrice Washington, Ed Latimore, Robert Paylor, Shana Sissel, Stephen Kalayjian, Tony Fish, Bracken Darrell, and Natali Morris.
I am not a CPA, attorney, or financial advisor, and the information in this video shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit. #risk #worstinvestment #investing
