I Did Everything Right...Then Lost Nearly £20,000!

[@PeterHitchmanYT]

Kudos to Amy for being willing to appear on this podcast. Lots of others will gain from her telling her experience.

[@Kazansky66]

I get it totally when Amy talked about being on your own, nobody I know is interested in Investing

[@garethgazz9332]

Next time there is a big market crash, dust this video off and put it back at the top of your channel

[@SteveAldridge87]

What a fantastic listen! Amy is so brave for sharing her story!!

[@Seolbound]

Been a fan for a while! I never really comment on KZbin videos much, and to be honest I'm only just getting into podcasts but love your content Dam, so have been (sorry in advance) been putting this off for a while... To say this video came at the right time is a complete and utter understatement. I'm at a point in my life when I'm ready to try something new and pick up a new career, and was about to spend £4,000 on a Project Management "course" that would give me 4 qualifications and near-instant employment by the end of it. When Amy said she joined Kevin's "cult", I looked a little closer at the reviews. Spoiler Alert: complete and utter scam! They sweet talk you and then ditch you after payment. I just wanted to say thank you to both yourself for posting this on today of all days, and to Amy for sharing her story. No exaggeration, you have literally saved my life.

[@billerator]

Thank god she discovered global index funds. I agree that Amy should have found the boring KZbinrs sooner, like Ramin. He's very witty, informative and boring all at the same time, a true legend.

[@wheelrich]

The biggest mistake I've made was leaving 'old' pensions to stagnate, this was touched on here. I sat down one day and calculated that the average return for my 6 old pensions was 2% per annum. Just the act of pulling these together into a low fee SIPP and investing in a global fund has transformed my future outlook. The 'paper loss' of this neglect is in the order of £100K. We all can, and do, make mistakes but we can also all learn from them. Thank you for this episode.

[@palmtree-e2l]

Same here, sounds like we were in the same workplace pensions!

[@bexh2012]

And me! 😢

[@SU-oy1ty]

One of your best episodes. A lot of people can relate to happened to the lady.

[@MakingMoneyPodcast]

Thank you! So much credit to Amy for coming on, we loved talking with her.

[@Kalarandir]

I feel for her, but she is dead wrong about her attitude to Meet Kevin. Grifters like him use your own feeling of shame to protect themselves from the responsibility they bare. He is a very articulate and knowledgeable young man, but rather than use that to peoples advantage he scams them. You should feel ill will towards him, and be perfectly comfortable in doing so, and have no issues in calling him out at every opportunity you have.

[@wonge9384]

Loved this interview but favourite bit was calling out Greg Secker! That guy has polluted my ads for years and still never watched a minute of his content.

[@thaumaturgeishere331]

Why would someone who is great at trading be selling his secrets? Surely they'd be making more from trading compared with training others if they were any good. This is why I believe Secker is a grifter.

[@gug1970]

whats an "ad" ? (google : brave browser and improve your life no end)

[@TheNicoliyah]

Totally agree, he is gross 🤢

[@timfireblade]

I'm very frugal, but paying for KZbin Premium is so worth it. You never have to see these scam ads ever again.

[@pritamrp]

Same. I keep reporting to KZbin as a scam, but I guess they are happy to get advertisement revenue from scammers

[@bridgetkirk7065]

Her story is similar to mine, but instead of investing influencers, it was football betting tipsters. Most were free but some charged, but between them and my own betting picks, I lost a fair bit of money. You only have to look at the outcomes of games over the past few days to see that no one can be certain of an outcome or number of goals in a match. Experience teaches you not to chase losses and to only risk money you're prepared to flush down the toilet. The psychology she talked about is exactly the same as gambling, which is effectively what Amy was doing buying so many dodgy stocks. Like her, this happened not long after I got divorced at a very low point in my life, it's got nothing to do with intelligence, vulnerability is the biggest factor when it comes to getting scammed or making poor financial decisions. I did meet some good people in the betting forums though, unsurprisingly many of them were getting into Crypto when I left. 😂

[@gug1970]

Best advice i ever heard about gambling was on a documentary , where someone, whilst looking across the Las Vegas skyline at all the expensive hotels, attractions and shiny BS said... ' You know... all this wasn't paid for by "winners"' '

[@chrisballUKtoNZ]

amazing story! kinda disappointed that I wasn't picked to be the first audience member invited on stage, but I forgive you both! hahhaa

[@baz10510k]

This is scary she is such a wise lady. If she can lose money anyone can

[@NihilisticHedonism]

She acted irrationally - not wise at all. Stocks generally tend to go up in the long-term i.e 10 to 20 years. It is a long game to see gains.

[@noza2003]

Such a sad story. She came so far, making good decisions but just couldn't hold her nerve during a sharp fall and tried to catch a falling knife. However I sympathise as the amount of fear they pumped out during Covid, would have had a deep psychological impact. It's criminal what they put us through really. Big credit to her for sharing her story.

[@MakingMoneyPodcast]

We really enjoyed speaking with her, and you're right-she deserves so much credit for sharing her experience.

[@clarenceishmael9615]

Really great episode! She's so down to earth and candid. Maybe a few more episodes of real people's stories inserted in from time to time would be superb!

[@MakingMoneyPodcast]

This video was to test if people liked them so great to hear you enjoyed listening to Amy and we will definitely do more

[@fanfeck2844]

Helped that she is very good at speaking

[@andypayne2743]

Great interview, Amy was a fantastic guest and she was more relatable than say someone like Sasha (which I still enjoyed) guess what I’m saying is - love the idea of everyday regular people as well as finance pros being on.

[@bencook3430]

Great interview talking to a ‘normal’ person dealing with normal person thoughts and hopes of where investing will take them and the pitfalls of the path. Very enlightening. Thanks.

[@allthegearuk]

I agree normal but she described herself as from a working class background. Her parents were a teacher and nurse. Is it just me but they were not working class careers. They might not pay alot but they probably need university education and are professional careers. Interesting how people see they themselves

[@JohnBeeblebrox]

Excellent interview with Amy. A candid and substantive conversation.

[@MakingMoneyPodcast]

Agreed! We really loved having her on - and so much credit to her for sharing her story.

[@richsmart321]

Fantastic episode. Really honest and loved every minute of this interview. Amy is uber cool!

[@darrenmillings3715]

Invite someone on your podcast and then she says she only follows you because you're boring 😂😂

[@wl660]

“Big red flag”. Certainly was…

[@gug1970]

What cemented my thoughts are a) A Jack Bogle interview where he stated that 87% of the time, professionals do not beat the index. b) The idea that you buy when theres blood in the streets because everything is "on sale" - and lastly c) Warren Buffets "advice" to his wife that on his death , she should use low cost index funds. Stock picking is for people that have far too much time on their hands and levels of over confidence in their abilities. Kudos for having the guts to admit her mistakes though. I was always a bit leery about meet kevin (and Graham Stephan and Andre Jikh (who i like the most for hiis more honest approach) - the fact is most "finfluencers" (ugh) got rich through KZbin, not investing (despite their advice on the matter). The ones that drive lambos (which are usually hired) and hang around in mansions (again, usually not their own) or are selling "courses" are just scammers. I'm a little bit surprised and saddened that people still fall for it.

[@david180279]

Great episode... Amy is an inspiration

[@MakingMoneyPodcast]

Agreed - she's a legend!

[@Sock1122]

Love how honest she is about everything

[@sadiaahmed5427]

I paid a lot of money to do a wealth creation course which did not live up to its expectations. When I tried to request a refund, this was denied even though it was less than 24 hours. The marketing and the way these things are presented are usually very slick. I know a lot of people that have bought these property courses. However when requested a refund they have all been denied. When I was denied my refund, I decided to lead an online campaign against the company which was very effective. However the company then got their hotshot lawyers onto me for defamation. I had to appoint a lawyer and spent huge amounts of money on legal fees. I had to sign an NDA and therefore not allowed to talk about it and complained to the SRA for being a victim of SLAPP. The market is rife with bogus claims about making you rich. Avoid at all costs!

[@ChloeRoberts-v3i]

I listened to this on a dog walk earlier. Wonderful content. Amy is brave and engaging and you are both kind and encouraging.

[@Sock1122]

0:43 any time Kier Starmer has to give an interview

[@Phucket24]

Amy was so honest and brave to talk, share her experiences with investing as a newbie, I watched it twice

[@markbailey1504]

Plesse can you do more of these normal investor interviews as that was so relatable and just brilliant.

[@palmtree-e2l]

Best episode ever! Thank you to Amy for being so brave and honest 😊

[@rossmacintosh5652]

For anyone interested, it seems the book Amy spoke about is 'The Wealth Chef' by Ann Wilson, published in 2015. It is highly rated on Amazon.

[@SevenEllen]

Not after this story!!

[@rossmacintosh5652]

@@SevenEllen My takeaway was her saying it was a great book and she should have just stuck with its advice. Her challenges came only when she ignored the advice. I'm not familiar with the book but I imagine it's likely similar to others that give the 'pay yourself first', invest in passive funds, benefit from the miracle of compound interest kind of message. It's actually the message most people need to hear & act upon.

[@robpiper9079]

I read a book with a similar message called ‘Pillaged! How they are looting a million a day from your savings and pensions’ by David Craig. Message is ditch expensive advisors and DCA into low cost ETF. First investment book I read and wish I read it before I started investing!

[@francesboyce3221]

Brave lady to tell her story. I have spent 3 years learning the same hard lessons but now feel confident in my strategy.

[@gazzadh]

I found Pete Matthew 1st during late 2022- review your pension, is the default fund right for you, lifestyling, fees etc...made some transformational changes to my fund performances. This led to Damien, then Ramin and Andrew Craig. All excellent content.

[@palmtree-e2l]

Exactly the same as me!

[@WestYorkshireCyclist]

This is such a brilliant episode. Thank you for sharing Amy!

[@starvingbymidnight]

Funny thing is I started investing in 2019 and i put it all on the SP500 it was only like £500 but then during lock down it dipped so much like 20% and I panic and sold and lost. So yeah I was lucky didn't have that much. She was not alone at all. Such an amazing learning that covid was. And now I am wayy 10x better investor today than 2019.

[@IAmebAdger]

This was great. Boring is best!

[@richpayne1235]

2008 was worse!

[@Marenqo]

Yeah, it was

[@davidgray3321]

Markets collapsed, I had a good job and it went with it, I was fortunate to have had that job, but it was a great shame.

[@smitsamuel]

Fantastic ep! Incredibly articulate, self-aware and engaging.

[@coderider3022]

Shame, she needs a hug and told she not only one. A relative experienced single stock disasters and I learned not to do it. Government should force warnings on this stuff and stop Kevin types.

[@Micfri300]

When the government itself through its main central bank is telling people the economy is doing fine when it's not is the biggest scam of them all.

[@rhinoboy6603]

Community is something I am missing from investing. I’m quite introverted and private, but I think it would be so helpful. I just don’t know where to begin

[@midgeman90]

This was one of the best pods due to Amy being so relatable. She is like us, just a normal person investing. And she is right, nobody I know is interested in investing and is very negative about it, as well as dismissive.

[@steve6375]

I've been there and done that too. Lost about 5k with AIM stocks going to zero over the years (mostly from 'tips' + research). The problem is even if you only lose 50% when you sell, you then need to make 100% on that money just to get back to where you were.

[@cyclingphilosopher8798]

To prevent getting caught in an echo chamber it is pretty useful to periodically delete your cookies and browse history. Especially if you search for something, delete cookies and browse history, and then search for the counter argument. But I've been there as well. In 2018 and 2019 I bought a lot of silver and then March 2020 happened.... Fortunately due to lock downs it was hard to sell the silver.

[@JudePayne-n4t]

At last someone I can relate to, someone I can believe. Stay strong Amy. Great podcasts Damien

[@kevinmckinney100]

Everyone needs to listen to this! Thanks for sharing

[@user-ep4nf9ot9d]

Such a lovely podcast. It resonated a lot

[@FireSwordable]

I feel for her. I have noticed that the bigger my invested pot gets, the more I worry about it. Thoughts about selling definitely sneak into my head every now and again.

[@johnB11ify]

Now is a prime time to sell and keep your profits. Spread your investments and go to safety with three to five year bonds still paying 4+%. You will sleep better in the long run

[@juniorhornet1323]

​@johnB11ify You can't give that sort of advice, you don't know anything about FireSwordable

[@TasmanianDevil22]

I'm 18.5% down on my Barrett Redrow investment. The only way for me to stay sane is not check the app everyday, but still check a couple of times a week to train my brain to accept the downs.

[@TheScaper28]

11:00 - oh no. Be fearful when others are greedy and to be greedy only when others are fearful.

[@pgjhas]

Fantastic video and well done Amy!!!

[@neilsmith2323]

long episode but better than any TV , love your channel

[@mymatedavethedj]

Awesome watch, great interview and Amy was so honest and engaging.

[@joec9958]

The Greg Secker bit had me in stitches. Someone needs to do a video about him

[@Cardifftoyboy1]

From 1958 to 1970 absolutely nobody in the education system for one second thought that the most important thing "MONEY AND INVESTMENTS" should be taught to me. At 30 after 5 criminally inept financial advisors I took charge of it myself. The sun came out and at 55 I had grown my wad enough to retire very comfortably. My take: The Education system does nothing to equip our kids for the reality of life. A financial advisor is a crook. A licenced financial advisor is a crook with a licence and NOBODY will take as much care with your wad as you and Jack Bogle who's book should be compulsory reading for every 10 year old

[@janevarley8482]

Amy will be fine in the long term because she is honest and willing to learn from her mistakes. Great interview!

[@Marenqo]

This sounds so familiar. So many grifters, like andrei, kevin among countless others. I hope she did not buy into veve, FTX etc

[@thematrix185]

Brilliant episode guys, a cautionary tale that many need to hear

[@susiegardner909]

Absolutely loved this podcast. I could listen to Amy all day she really knows what she’s talking about. This has given me some great pointers on my investing thank you

[@ewanpettman]

And that's why you need some bonds

[@egocd]

Your time stamps are mis-typed, which breaks them, just so you know (You've used a period instead of a colon) 👍

[@MakingMoneyPodcast]

Thanks for that! Fixed them

[@egocd]

@@MakingMoneyPodcastMissed one 🙂 17.:25 > 17:25 👍🏻

[@Pablobarriogimenez]

To me, one of your BEST episodes

[@fredatlas4396]

I identify with her upbringing, but I've never earned much money. Still being very frugal and investing what I could for some yrs now, but not long enough, I wasn't aware of passive investing strategies and the real effects of costs etc up until about 7 yrs ago. I did the wrong thing in 2021 by putting a chunk of my portfolio into UK gilt etf and it got hammered since then and still not recovered

[@herrabanani]

a lot of words just to say that she sold during the dip and then tried to chase her losses

[@lloovvaallee]

Meet Kevin ... NO, NO, NO! What a scammer!

[@jasonmcclatchie6877]

Really great episode, I am glad Amy came out on the other side better for it. Good luck to us all going forward!

[@chrisbarlow5968]

Really brilliant broadcast, you need to do more shows with genuine people who admit it when they got it wrong and why it went wrong.

[@catalinomocea6986]

Wow that was absolutely amazing! Thank you for sharing Amy! It's nice to hear a story from one of the "normal" people once in a while 😁

[@lawrencehooper4341]

Terrific episode fellas (and Amy). Very informative.

[@CulverhillRacing]

Really interesting. I will remember that quote about resentment. Great job as always D and T

[@BartolomeuChen]

2 important points made in passing but not picked up on. -Amy's breakup. Decisions made under (persistent) emotional stress seem natural at the time. -Damien offering to be a contact for the next crash. Resolving to not make decisions when stressed is not applicable to everyone. It is exactly when people are stressed they feel the need to take action. Instead the action should be to call someone they trust. Hats off to Amy for sharing her story.

[@debo986]

Loved this episode, completely captivated by Amy’s story. Really inspiring, thank you.

[@Chanesmyname]

There really is a lot of help for investing on KZbin, like this channel, much to consider the biggest thing for me was how would I feel to lose a lot of money and could I afford that.

[@johford]

Well done Amy for sharing ❤

[@R0cky2009]

This episode is great. Love Amy’s story and how she has overcome her obstacles. She is so open and honest and would make great content if she started her own channel filled with the truth and information people really need. She comes across as a beautiful person with a matching heart and soul. Wish she had shared her books she has read and the online communities she is a part of as I’d love to hear and learn more from her.

[@King_Law1]

This is just an average day for a crypto investor.

[@JohnBeeblebrox]

Crypto is not investing. At best it's speculation...

[@DavidMcCartney789]

BTC market cap is £1.3 trillion...

[@kw8757]

@@DavidMcCartney789 For producing sweet fuck all.

[@caracal9458]

@@DavidMcCartney789 FTX had a market cap of $32b want to buy into that??

[@SkintLivingUK]

Great video, Amy was brilliant even though Damo was boring!! Only Joking!!! 😆

[@khaledur2023studying]

My draft notes 0:08 08.1.25 13:00 26:00

[@hillfortherstudios2757]

This was my favourite episode of your podcast that I have heard. Great guest!

[@BaileyMxX]

Meet Kevin.... His ETF is literally 20% triple leveraged bond fund (triple leveraged shows what he thinks of your money is Hella risky when goes against you, shorting bitcoin (again gambling oh and bitcoin has Rocketted to the upside) 30% US treasuries (anyone could buy these much cheaper in their own portfolio), and then just random gambles on finance companies, mortgage companies... It's literally a gamblers den of him betting your money on where he thinks the future trends are going and has been wrong on most (and charges you nearly 1% fee for the privilege) Also how are nearly any of these buys related to pricing power 🤡

[@robtinternet1]

Loving the honesty in a world of noise and BS … We need people like Amy …. And some honest calling it out. ❤

[@MrsMittens269]

how can her balance go red in an investment account? Surely the low is zero? I don’t understand. Or does she mean relative to her initial capital

[@burropoco]

Great interview. Every poor investing decision I've ever made was made impulsively. Experience and the knowledge gained are really what's made the difference.

[@Paul-tm3xt]

Fantastic episode,really enjoyed hearing her story,keep up the great content damo

[@kevinrichards6506]

Great video ! Massive thank you for the honesty 👍

[@davidnewell8382]

Having lost a ton of money gambling/investing 2 years ago I found this to be an absolutely fantastic video. Thanks and good luck to all in the future

[@markgoode9897]

Great “boring” episode Damien and T. Amy was both a really interesting guest and also very lucid. As with other comments, please consider inviting other “real” investors onto your show. Their stories resonate possibly with lots of us. She also managed to draw you both to sharing more of your own journeys and background. Overall, two thumbs up!

[@leecrowther8322]

I commented on one of your videos about a real life viewer podcast and here we are 😊 good to hear others stories cheers damo

[@chrisbarlow5968]

A very honest share. Thank you for making and broadcasting.

[@christines5430]

A really good and important podcast. I am so glad that Amy shared her story. Really enjoyed it.

[@hypersynesthesia]

The way every single person watching this knew they were talking about Greg "I'm just in my helicopter" Secker before they named him. Everything about him is offputting.

[@johndodds7949]

😂haha Everything money guys, slag him off….i love the honesty Amy is displaying we all do this……

[@kiitos7904]

This was a very interesting episode! ✨️

[@bujler]

Rookie numbers!

[@UKGeezer]

Thanks guys, another great podcast. Well done Amy for talking so candidly about your experiences, I'm sure many of us can relate, I know I can.

[@Chanesmyname]

Great video I feel it really was good honest discussion.

[@mbarn]

Damo’s rant was hilarious. KZbin premium user here 😉

[@Danschof]

I got lucky I got sucked into the whole GameStop hype, invested a ton of money into it but jumped out close to its peak of euphoria, I joined one of these groups and was close to re investing it all again, I had a a moment and decided to put it all into my pension. I just got lucky. Most people were scammed during that period.

[@ReCo.707]

Glad that her experience didn't stop her investing. I started investing 4 months ago (put 1k in) first few weeks/month went up then down. Was down just over £100 (nothing compared to what she lost) all i was thinking at the time was how i wished i had some more to invest. But if it had dropped 50% i dont know if i would have thought that. Its up now.

[@stephengreen8986]

Creating wealth is a careful patient business and everyone is willing to be that there is an easy way. I include myself in that. Plausible sounding opportunities sold by dishonest or incapable persons help to relieve you of your money. Young or old we can all be fooled. This is why the eggs and baskets advice is so relevant.

[@hachimaru295]

Thers nothing more gut wenching than money worries everyones had them few have the courage to allow others to learn - Thanks Amy