How I lost $1 million - John Addis, author of How Not to Lose $1 Million: Win at investing by losing less

Australian Finance Podcast

John Addis is the founder of Intelligent Investor and one of Australia's best investment writers. He joins Owen Rask to dive deep into four categories of losses and how to avoid the costliest investment mistakes.

Video version: https://youtu.be/v8L-I3J1I28

Buy the book (use code RASK25 for 25% off at checkout): https://bit.ly/johnaddis

Show notes: https://www.raskmedia.com.au/2024/10/07/john-addis-book-how-not-to-lose-1-million/

The four categories of losers include:

• Stocks John bought but shouldn't have
• Stocks he bought but sold too soon
• Stocks he bought but sold too late, and
• Stocks he should have bought but didn't.

Companies mentioned include Flight Centre (ASX: FLT), Afterpay (now part of Block Inc), Apple Inc (NASDAQ: AAPL), Facebook/Meta Platforms (NASDAQ: META), Star Entertainment Ltd (ASX: SGR), Cochlear Ltd (ASX: COH), PMP Ltd (ASX: PMP) and more.

Australian Finance Podcast resources:

• Pearler, the broker for investors ($15 credit): bit.ly/Pearler
• 50% of PocketSmith: https://bit.ly/R-PocketSmith
• Invest with Owen: https://bit.ly/R-invest
• Ask a question: https://bit.ly/3QtiY00
• Access Show Notes: https://bit.ly/R-notes
• Rask Community: https://bit.ly/3UkFWel
• Kate's book, Buying Happiness: https://bit.ly/kate-amazon
• Mortgage Broking: https://bit.ly/broke-rask
• Financial Planning: https://bit.ly/R-plan
• Property Coaching: https://bit.ly/R-P-coach
• 100-point property checklist (PDF): https://bit.ly/prop-check
• Accounting with Grey Space: http://bit.ly/3DG5lWS
• Business Coaching: https://bit.ly/o-coach

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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