My WORST Stock Market Investments Ever (& How To Avoid My Mistakes)

[@TheIcelandicInvestor]

Great video Hamish! You either win or you learn. You don't lose until you quit😎

[@TheAndrewLopezFinancePodcast]

Best way to learn is from other's mistake's! Great video Hamish!

[@InvestWithQueenie]

Thanks for sharing your worst investments mistakes. It's good to see what you've learnt from investing in NAB & YYInc, great video Hamish 🙌

[@bloodphantom81]

Aussie on Aussie connection, I love it!

[@jovanlai9721]

My worst mistake is waiting for a correction and missing out

[@moonboy5851]

Peter Lynch: “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.”

[@jsauerfinancial8257]

That's what people say during a bull market.. stocks will be cheaper one day

[@dmt_benchpress100]

@@jsauerfinancial8257 Thanks for sharing, I did that too

[@SergiMedina]

I made similar mistakes. The worst at the moment, trying to time the market - thinking it would go even lower and not buying when it was actually the perfect opportunity.

[@vanessawishingwell4650]

Thanks Hamish, lots of learning in this one. 👌

[@thomasmilas9231]

Hey Hamish, love your channel. Just started learning value investing. I've been testing with a couple hundred $ at a time easing in knowing that I'm not really confident in what I'm doing. Your comment on investing in too many companies and not understanding them is similar to what I've been doing. Reminds me I should be performing more due diligence and starting to get a feel for these companies.

[@Unrealdanrath]

i also fell into the "too big to fail" trap of NAB bought at $25.65, at the time of writing its trading at $17.15, much like you it was the first stock I purchased and its the majority holding in my portfolio, ive been using your stock analysis spreadsheet to workout what my next purchase will be, I've probably picked apart 100 stocks at this point and have my options narrowed down to about 5, hopefully in the coming weeks I can find the time to cull that list to 1. Thanks for the video always appreciated :)

[@thepandey85]

Great channel hamish. Keep up the good work

[@dmt_benchpress100]

Fantastic video, can you make more of these? Learn so much from this

[@allamasadi7970]

My worst mistake so far is being too risk averse, I have missed out on a lot of gains

[@allamasadi7970]

@@MandM_IMO but you are near retirement, you should not be taking too much risks anyway

[@randompast]

Better to miss out on returns than take losses.

[@DoWnTiCProS]

1 good company a year. That's really interesting to me.

[@dyc215]

NAB is actually OK for long term holding. Stable market share and good dividend. Give it another 2-4 years I bet it will turn out to be pretty good.

[@bhuntington4]

Hamish, I am also a follower of Phil Town and learning these methods for a couple months now. Thanks for posting great videos like this for us average joes to learn from. Keep posting so we can keep learning!!!!

[@alexinvests]

Thanks for your honesty. I made similar mistakes and invested in individual companies I knew nothing about when starting out. I think the best thing is to do is invest in a market ETF when starting out and then invest in individual companies when you have learned more and are willing to put in the effort. I am starting to move towards your current situation of researching more companies and investing in only the few best.

[@vanunu3004]

I only recently discovered your videos and I really like them. I wish I had your insight when I was your age! Your reflection on your mistakes is so valuable for me! It made me understand my own decisions and my own thought process much more. It also helps me to understand that passive investing probably is better for me as picking the right stocks is a lot of work as you said. I also like the clean style of your videos: no annoying noise, straight to the point and just enough visuals. They are also not too long! And your Australian accent is very pleasent!

[@Greatimagebank]

I always hold high respect for people who are honest and acknowledge their mistakes.

[@iraqitiger9]

Great video, I really enjoy your temperament and ability to analyze both stocks and in this case yourself. Keep them coming.

[@jackryan2049]

My first two and worst two investments were GameStop / Aurora Canabis in late 2019.I had no idea what it meant to really value business until I found this channel! Keep up the great content Hamish

[@TheGreatMandalore]

Same. I sold gamestop at my break even when they recouped. But ACB is still the worst shit ever. I still have them in my PF just as a reminder

[@mikestanmore2614]

Mine is a double whammy: I bought Unitract and TPG when they were penny stocks. Unitract cratered (it was basically an elaborate con), I got cold feet and sold both. Thanks for reminding me, Hamish, I'll just go bang my head on something for awhile.

[@guyelma]

Hi Hamish, my worse investment is GrafTech. My only mistake is that I saw some red flags but didn't took them seriously because Monish Fabrai was in it, I'm down 50% because of the management team - they are a big company that suck GrafTech's cash flow via Notes and special dividends.

[@franciscomaciel7213]

Great video, Hamish! How many hours do you usually spend for each company you look at? In other words, how deeply should I understand a business in order to invest in it? I'd appreciate if you could shed some light on that topic. Thanks!

[@amelmechalikh4016]

Hi Hamish thank you for sharing all that knowledge with us :) I am wondering how much average time it takes you to analyse one business? Thank you very much!

[@Buddwh1001]

One of my worst is cash converters I bought it because it was cheap the only problem is, it’s still cheap and will be cheap for a long while yet. There’s no difference between being early and being wrong.

[@bollyfranky]

Started learning investing in April last year and bought my first company APX in June of the same year. I maybe did a few hours of research and bought it at $29 and didn't even really look at it until March this year, it went down to $16, then came back up to 29 where I sold it for what I paid. Now it's around 36. I just got out because I NOW know I didn't understand the business what so ever. A lesson I learnt without, thankfully, not losing any money.

[@sandrajohnson7911]

trading without a professionals assistance is like gambling you must loss because you have zero experience about the market,i trade with Mr Noah Ark and he is trustworthy

[@sandrajohnson7911]

+ 1 4 6 9 2 7 5 1 3 7 3

[@sandrajohnson7911]

on whatsapp

[@Avacadolover]

If u havent sold, technically you haven’t lost. It may still go up. 😬

[@kaydens6964]

opportunity cost.

[@frostmelody]

Makes me feel better cause my first share an insurance company bought in 2019 is also down 50% in 2020.

[@nolanabell703]

One of my worst investments was $DNR. I bought the stock in the spring thinking the price of oil would spike up in the summer. I also didn’t fully understand the competitive advantages of the business and I didn’t do enough research. I also was trying to diversify my holdings away from tech. The main lesson I learned is to never diversify just to diversify.

[@frankyg6906]

Not buying SEDG Last spring @ $33 due to analysis paralysis, and then not buying at $60 in March 2020 because I wanted it cheaper 😭😭

[@nelsonlee9751]

Penny stocks were my worst investment when I first started investing. Now I just stick to large caps stocks and I stay in my circle of competence. Thanks for sharing your worst investment, not a lot of KZbinrs do that. Cheers Hamish 🍻

[@potatofrogs5999]

Qudian. I read their financial reports before buying it, but I didn't understand the way they are reporting their earnings from loans and the cyclicality associated with it. In order to meet the IFRS they are obligated to book their full earnings from a loan the moment they lend the money out which inflates their reported earning when they leverage up and give out more loans. The problem is that these inflated earning do not properly reflect the current and future delinquency rates since new loans can't be delinquent until some time in the future. These freshly booked 0% delinquency rate loans lead to very high reported earnings in the short term and also distort the overall delinquency rate of all loans on the balance sheet because they reduce the overall portion of older delinquent loans on the balance sheet. Once the economy takes a hit and the company needs to deleverage and reduce the amount of newly loans given out due to too high delinquency rate the masquerade ends and their overall delinquency rate go through the roof. This results in negative earnings due to high provisions. You think that commodities are very cyclical? Microlending is probably worse. I also underestimated the indebtedness of their customers which became a big problem once the P2P lenders were shut down. I bought the stock primarily because I saw the value in their open platform and the amount of credit data they got from their large customer base. At this point I'm unsure if these two asset are as valuable as I thought they were. I'm still holding because I noticed the above problems too late and at the current price it does not make sense for me to sell and I'm waiting for the next credit cycle. At least I learned how lenders operate and I will never buy one again.

[@emmanuelwinans329]

Been following your channel for a lil while now. Like this video in particular cause it sounds vary comparable to what I’ve been doing my first year of investing. Gonna start taking time to do the work. Been going through your playlist to try and gain some more understanding. Thanks so much. Hope to do better as I go into my 2nd year of investing.

[@vickchan6547]

Awesome video!....I was wondering if you can do a video on how to find a instrinstic value of a REIT stock?

[@keithinvests906]

My worse investment is in two parts. I lost 100% of my A$100K investment in my cousin’s privately held single purpose property development company aimed at turning an old gas station site into multiple townhouses near the new shopping centre in Dapto NSW. The private company was deregistered by ASIC after it ran out of money waiting for the corrupt town planners to approve the development. I then compounded my error by selling 1,000 shares of CSL at a market price of A$135 to cover the capital loss. This meant I missed out on the A$148,160 rise in value. Taking my total loss to over a quarter million Australian dollars!. I learnt two lessons from this financial debacle. Lesson one is Never invest outside your circle of competency. Relying on others to overcome your knowledge deficit is no protection against ignoring this rule. A case of the “Blind leading the Blind”. The second lesson is when deciding what to sell to offset a capital loss is to cull the worst performing stocks, not your best!

[@Frank020]

When I make a mistake in anything I tend to remember it. Thanks.

[@foxdylan9536]

Tnx Hamish, that is interesting

[@dyc215]

My pick is AIZ and AFG at this moment, and might take profit along the way, as I feel the market will have another big correction in the coming future.

[@theoj4562]

We are not true investors unless we have a bad investment or two ... Virgin Airlines, cough cough haha ... these hard lessons are a bit of a blessing so long as they're not too detrimental. They show us the only way forward in this business is by value investing and the methods you share with us. Great video!

[@holobolo1661]

How come you take such a conservative approach? I would've thought that being young is a good time to try riskier approaches and take advantage of short term trends, like DOU this past week for example.

[@williamsummerside5102]

Hamish how do you keep track of the performance of your investments? so for example tracking the compounded dividends, compounded currency gains/losses and the overall compounded gains/losses?

[@HamishHodder]

www.sharesight.com/hamishhodder

[@charisborquaye68]

Wow, wow, wow. Thumps up man

[@sungkeum1286]

Hi Hamish, What is your opinion on Microsoft buying TikTok? How bad do you think the acquisition will hurt Facebook?

[@royspencer4323]

What your thoughts on stockpiling Hamish

[@compound7269]

I have been analysing businesses now for a year and a half and have covered the NZX and most of the ASX. I have found 10’s of investable companies but only 2 Investments so far which I managed to pick up at margin of safety prices. What do you think about portfolio diversity? Is it necessary to diversify in order to lower your risk mathematically by being invested in around 10 or so companies (as Ray Dalio mentions)? Or is being invested in 2 companies which you are confident in fine for mitigating risk in your opinion? Thanks

[@frankchang3779]

Hi Hamish, great video and thanks for sharing. I am currently holding CTD sharers at around $9/share, do you think I shall sell now to stop the bleeding? Do you think even post pandemic business travel would be a diminishing industry? Love you know your thought as I know CTD is also in your portfolio. Thanks a lot Hamish.

[@tl8328]

Nice

[@WanderlusttheWorld]

My BIGGEST MISTAKE is you know it; I tried to time the market by learning from highly respected youtube videos on 'smart' predictions, 'top 10' stock to buy, '5 reasons why market will crash', 'why this is a bull trap'. The market has beaten me.

[@HamzaIdrees-s6i]

How do you find stocks, because currently I’m finding hard to find stocks other than the major stocks

[@mattpower4961]

was very close to buying Kogan a month ago but thought it was overvalued. :(

[@irenicus9]

I invested in BCI at around $3.64 per share... sold at around 40c. Yikes.

[@wheres_kenny]

I'm new to investing and my worst mistakes is listening to people on Hot Copper promoting penny stocks and trying to chase a quick dollar. I can't resist the FOMO :(

[@sandrajohnson7911]

ken Darragh reach out to a professional directly for assistance

[@sandrajohnson7911]

+ 1 4 6 9 2 7 5 1 3 7 3

[@sandrajohnson7911]

on whatsapp

[@sandrajohnson7911]

on whatsapp

[@b1a1p1p1a1]

lucky me ! I made around 20% last two months then sold it .

[@avinashs.m3213]

My worst investment was no investment. I just traded and lost almost all capital 😭

[@LaisseFaire2121]

Yeah, havent put a cent into the market. When I do I know that I want companies that I love like my children.

[@treedomfinance8452]

Im subbed dont worry

[@La_Maquina806]

I used to be a stock trader and lost 10% of my portfolio

[@iscratchmybutt]

my worst mistake is selling my index funds in april. i would've been $50k richer if i just sat there and didn't do anything.

[@peterdoan2844]

Thanks mate, could you please make a video to train the newbies like us how to anylize a financial institution?

[@TheGreatMandalore]

Dude... I invested in VIX and 3x inverse sp500 in april 2020 believing it is only a dead cat bounce... I lost so much money you can't beat me

[@normalnormal9066]

"invested"

[@Allen-L-Canada]

@@normalnormal9066 'gamble'?

[@Kryoner1ex]

My worst invesment shows in 20 years 😁

[@larissatorres4869]

Lose me money or lose my money? 🤔

[@SGS2sprint]

Put more slides or keep it on display longer . Your face is always on camera man .. more visuals !

[@nickreed60]

Get a Job. open a SIPP buy and keep ETFS. leave the tarding to r/wsb

[@7onysWorld]

For some reason this video reminds me a lot your video where you went telling us about gains and losses in your portfolio, and you basically said the same things on this video about those 2 companies. A little bit not happy with your content for this week. I suppose you had nothing else to speak about. And also most of the financial videos do copy each other, I always had the impression you were different, but that didn't last long.

[@marianadavila323]

Nice