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Explore every episode of the podcast The Investing for Beginners Podcast - Your Path to Financial Freedom
Dive into the complete episode list for The Investing for Beginners Podcast - Your Path to Financial Freedom. Each episode is cataloged with detailed descriptions, making it easy to find and explore specific topics. Keep track of all episodes from your favorite podcast and never miss a moment of insightful content.
| Title | Pub. Date | Duration | |
|---|---|---|---|
| IFB352: 5 Essential Tools for Researching Industry Connections in Investing | 29 Aug 2024 | 00:36:33 | |
Welcome to the Investing for Beginners podcast, episode 352. Join Dave and Andrew as they answer listener questions about investing strategies, portfolio management, and stock picking in this informative and engaging discussion.
Summary with timestamps:
00:00:00 - Introduction and overview of the episode 00:00:42 - Question about tools and resources for following industry connections 00:08:35 - Discussion on diversifying portfolios with ETFs 00:12:54 - Question about dollar-cost averaging (DCA) strategy 00:19:10 - Balancing retirement and brokerage portfolios 00:21:22 - Question about investing a large sum in a single stock 00:31:27 - Wrap-up and closing remarks
The podcast covers various investing topics, including:
Research tools for understanding industry connections
Diversification strategies using ETFs
Pros and cons of dollar-cost averaging
Managing different types of investment accounts
Considerations for investing a large sum in a single stock
Throughout the episode, Dave and Andrew provide practical advice and personal insights based on their investing experience, while emphasizing the importance of long-term thinking and understanding one's investment goals.
Today's show is sponsored by:
Go to shipstation.com and use code INVESTING to sign up for your FREE 60-day trial.
Go to monarchmoney.com/BEGINNERS for an extended 30 day free trial!
Sign up for a one-dollar-per-month trial period at shopify.com/beginners.
Find great investments at Value Spotlight
Have questions? Send them to newsletter@einvestingforbeginners.com
Start learning how to value companies here: DCF Demystified Link
SUBSCRIBE TO THE SHOW
Apple | Spotify | Google | Amazon | Tunein
Learn more about your ad choices. Visit megaphone.fm/adchoices | |||
| Compounding Quality: Pieter Sleger's Approach to Identifying Great Businesses | 26 Aug 2024 | 01:04:10 | |
In this episode, we chat with Pieter, founder of the Compounding Quality newsletter, as he shares insights on quality investing, identifying great businesses, and his journey in the world of stocks.
00:00 - 00:07: Introduction of Pieter and his credentials, including his newsletter and book on quality investing.
00:08 - 02:37: Pieter explains why he chose to invest in stocks and shares his early experiences, emphasizing the long-term potential of equities.
02:38 - 07:16: Discussion on Pieter's first stock investment, mistakes he made, and how those experiences led him to educate himself on investing.
07:17 - 12:21: Pieter describes his approach to quality investing, focusing on finding great businesses with healthy balance sheets, led by strong management, and trading at attractive valuations.
12:22 - 15:02: Pieter discusses how he maintains a watchlist of potential investments and his focus on companies with high market caps.
15:03 - 20:49: Detailed discussion on the concept of economic moats, emphasizing the importance of investing in companies with sustainable competitive advantages.
20:50 - 24:04: Further elaboration on pricing power, with examples of companies that have successfully maintained high pricing power.
24:05 - 32:14: Insights into Pieter’s thoughts on return on invested capital (ROIC), its importance in identifying quality investments, and the challenges of disruption in quality investing.
32:15 - 49:02: Pieter's approach to valuation, including how he assesses whether a stock is overvalued or undervalued, using methods like forward P/E comparisons and reverse DCF.
49:03 - 56:56: Pieter discusses his ideal investment, focusing on companies with strong growth, reinvestment opportunities, and aligned management. He also shares his thoughts on the tools and platforms he uses for research.
56:57 - End: Conclusion, with Pieter offering to connect with others interested in quality investing and sharing where to find his resources online.
Learn more from Pieter here:
Compoundingquality.net
X: @QCompounding
LInkedIn: Pieter Slegers
Today's show is sponsored by:
Go to shipstation.com and use code INVESTING to sign up for your FREE 60-day trial.
Go to monarchmoney.com/BEGINNERS for an extended 30 day free trial!
Sign up for a one-dollar-per-month trial period at shopify.com/beginners.
Find great investments at Value Spotlight
Have questions? Send them to newsletter@einvestingforbeginners.com
Start learning how to value companies here: DCF Demystified Link
SUBSCRIBE TO THE SHOW
Apple | Spotify | Google | Amazon | Tunein
Learn more about your ad choices. Visit megaphone.fm/adchoices | |||
| Secrets to Investing Success in Less Trendy Industries With Misfit Alpha | 25 Jul 2024 | 01:02:14 | |
Welcome to The Investing For Beginners Podcast! I'm Dave, and today, special guest Tyler Crowe from Misfit Alpha shares his insights on undervalued stocks. We'll explore investing in less trendy industries like electrical contracting, AI, and more. Tyler also discusses management incentives, mergers, and opportunities in AI and cloud computing. Enjoy!
00:00 Analyzed 7500 companies, found 675 true alphas
04:58 Real estate as investment, with research appeal.
08:36 Many successful companies with common traits.
10:45 Companies with limited competition can generate wealth.
14:54 Management actions impact company success and returns.
17:19 Companies share wealth with all employees, thriving.
21:18 CEO value, compensation, and management's impact summarized.
25:47 Seek simple, undervalued businesses for better returns.
26:57 Company NBR operates with minimal communication and AI.
32:27 Lived abroad, cautious about tech investments, risks.
33:27 Invest in solid, boring businesses, not trends.
39:14 Limited potential in energy and electricity investments.
40:44 Avoid investing in industries you don't understand.
43:54 Large mergers often lead companies to struggle.
48:50 Mergers and acquisitions may not benefit companies.
50:17 Contract research organizations manage pharmaceutical clinical trials.
53:22 Long-term growth in businesses through reliable distributors.
Learn more about Tyler here:
X: Misfit Alpha
Subtack: Misfitalpha.com
Code mentioned on show: Misfitalpha.com/beginners for 25% a subscription
Today's show is sponsored by:
Go to shipstation.com and use code INVESTING to sign up for your FREE 60-day trial.
Go to monarchmoney.com/BEGINNERS for an extended 30 day free trial!
Find great investments at Value Spotlight
Have questions? Send them to newsletter@einvestingforbeginners.com
Start learning how to value companies here: DCF Demystified Link
SUBSCRIBE TO THE SHOW
Apple | Spotify | Google | Amazon | Tunein
Learn more about your ad choices. Visit megaphone.fm/adchoices | |||
| IFB305: Evaluating Investments Beyond Stock Prices: A Deep Dive into Business Performance | 14 Sep 2023 | 00:35:46 | |
Welcome to episode 305 of The Investing For Beginners Podcast! In today's episode, we dive into the importance of documenting investment decisions, understanding industry cycles, and using key performance indicators to assess company performance. Dave and Andrew share insights from their own experiences with investing, including lessons learned from stocks like Intel and Target. So grab your notepad and get ready to learn valuable strategies for successful investing. Let's jump right in!
00:00:48 Focus on the business, not investment performance.
00:05:40 Target's declining sales raise concerns about future.
00:08:06 Documentation essential to monitor individual company performance.
00:12:01 Shipping industry profits highly cyclical, fluctuating dramatically.
00:16:55 Look at historical data to assess risk.
00:22:21 Not understanding business led to wrong investment decisions.
00:25:24 Taiwan Semiconductor excels, Intel falls behind.
00:28:32 Learn from experts and be curious about investments.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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Learn more about your ad choices. Visit megaphone.fm/adchoices | |||
| India's Economic Secret Weapon: Unveiling the Power of the India Stack with Kevin Carter | 11 Sep 2023 | 00:50:41 | |
Welcome back to another exciting episode of The Investing For Beginners Podcast! In today's episode, we have a very special guest joining us. We are thrilled to have Kevin Carter, the founder and CIO of EMQQ Global, sharing his insights and expertise with our listeners.
Kevin is here to discuss INQQ, an India-focused ETF offered by EMQQ Global. We'll explore the potential power and impact of India's unique digital public infrastructure, known as the India stack, and how it is transforming the economic landscape.
As we dive deep into India's emerging market, we'll discover why it is becoming increasingly attractive to investors. With a booming middle class, a thriving e-commerce sector, and a government supportive of technology, India has all the right ingredients for exponential growth.
Join us as Kevin sheds light on the immense opportunities and challenges of investing in India, the role of emerging market internet companies, and the potential for India to catch up to China in terms of physical infrastructure. We'll also explore the investing landscape in India, the valuation metrics to consider, and the companies that are driving growth in this exciting market.
So, grab your notepads and get ready to gain valuable insights from our conversation with Kevin Carter of EMQQ Global. Don't forget to check out their website and remember, always invest with a "margin of safety". Let's dive in!
00:00:44 India is the perfect emerging market. It has the largest population, better demographics, and a fast-growing economy. It also has a unique digital public infrastructure, which is its secret economic weapon.
00:04:26 India's digital and physical infrastructure summary:
India's infrastructure investments have led to significant advancements in both physical and digital infrastructure. Under Prime Minister Modi's leadership, massive investments have been made in roads, airports, ports, and the power grid, resulting in substantial progress. The country's digital infrastructure, known as the India stack, includes a national identity card system, a know-your-customer layer, and the Unified Payments Interface (UPI), allowing for seamless and cost-free money transfers. India's talent pool, particularly in the technology sector, is unparalleled, making it an attractive destination for outsourcing and investment.
00:20:38 Platform integrating sellers, buyers, and logistics with high growth potential in India market.
00:24:31 Emerging markets lack developed consumption infrastructure. Instead of traditional banking, they use mobile phone-based payments. Companies like Alibaba and Mercado Libre serve as both e-commerce platforms and financial service providers. Ride-hailing apps like Gojek also offer payment services. This trend is gaining traction in India.
00:28:19 Bajaj Finance: profitable Indian smartphone-based lender. India's emerging market and technological advances.
00:31:42 Foreign stock investment in India presents challenges due to regulatory and bureaucratic reasons. Most Indian internet companies go public in India, while Chinese and Latin American companies list on US exchanges for better liquidity. Indian companies face regulatory hurdles and have not sought capital in New York. India's growth potential and digitization make it an attractive investment if one believes in the story. Comparisons to China highlight the importance of choosing the right ETF for exposure to Indian market growth. Valuations in India are currently high, and the Peg ratio is a crucial valuation metric to consider.
00:44:35 Kevin shares interesting information with investors. Invest safely.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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Learn more about your ad choices. Visit megaphone.fm/adchoices | |||
| IFB304: Navigating the September Effect and Other Noise in Stocks | 07 Sep 2023 | 00:31:54 | |
Welcome to episode 304 of the Investing for Beginners Podcast! In today's episode, Andrew and I will be discussing the September effect and other seemingly useless information that you might come across in the stock market. We'll dive into what the September effect is, whether you should sell or buy stocks during that month, and why it's important to ignore short-term noise when it comes to investing. We'll also explore the concept of the Santa Claus rally and discuss the mindset shift that investors need to make in order to focus on long-term success rather than weekly returns. So join us as we debunk these market myths and provide insights on how to compound your wealth effectively. Let's get started!
00:02:13 Don't interrupt compounding by timing investments.
00:04:11 Santa Claus rally not important, noise mostly.
00:08:21 Media sensationalizes news, creating "nothing burger" situations.
00:12:47 Politics is personal, elections noisy, avoid sensationalism.
00:16:54 Fed's impact on economy takes time to show.
00:22:21 Buffett and Ackman on opposite sides: be cautious.
00:24:10 Celebrity investors shouldn't determine your investment choices.
Today's episode is sponsored by:
Sign up today at butcherbox.com/BEGINNERS and use code BEGINNERS to get two 100% grass-fed filet mignons and two wild-caught lobster tails for FREE in your first box plus $20 off your first order.
Head to factormeals.com/investing50 and use code investing50 to get 50% off.
Sign up for a one-dollar-per-month trial period at shopify.com/beginners.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
SUBSCRIBE TO THE SHOW
Apple | Spotify | Google | Stitcher | Tunein
Learn more about your ad choices. Visit megaphone.fm/adchoices | |||
| IFB303: How to Spread $10,000 in the Stock Market | 04 Sep 2023 | 00:33:17 | |
Welcome back to the Investing for Beginners Podcast! In today's episode, "303," we delve into four intriguing listener questions shared with us via Spotify. One of our listeners, Jason, has $10,000 to invest in the stock market and seeks advice on which stock to buy and how to spread it out. We tackle this question head-on in a discussion between Andrew and Dave, emphasizing the importance of learning to fish instead of relying on others for stock recommendations. They suggest starting with our show as a great educational resource, but also provide practical tips on how to spread out investments and mitigate risk. They advise diversifying holdings while remaining mindful of potential returns. Dave recommends investing a portion in an S&P 500 ETF or index fund to dip one's toes into the market. Additionally, he suggests choosing a couple of companies to invest in, preferably familiar ones, to gain insight into individual stock ownership. The goal is to learn and adapt while understanding the dynamic nature of the market. Both hosts stress the value of education and self-discovery in the investment journey. Join us as we explore this listener question and delve into the world of investing with a prudent mindset. Stay tuned!
00:02:01 Invest in index funds, then diversify with individual stocks to learn about the stock market and minimize risk.
00:09:02 Followed the White Rabbit, learned, then invested.
00:12:59 ADRs allow you to own stock abroad.
00:15:28 Tax implications of investing in foreign stocks.
00:20:09 Start with home bias, then branch out.
00:22:31 Big ADRs provide valuable information for investors.
00:25:19 Basic learning is essential for successful investing.
Today's episode is sponsored by:
Sign up today at butcherbox.com/BEGINNERS and use code BEGINNERS to get two 100% grass-fed filet mignons and two wild-caught lobster tails for FREE in your first box plus $20 off your first order.
Head to factormeals.com/investing50 and use code investing50 to get 50% off.
Sign up for a one-dollar-per-month trial period at shopify.com/beginners.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
SUBSCRIBE TO THE SHOW
Apple | Spotify | Google | Stitcher | Tunein
Learn more about your ad choices. Visit megaphone.fm/adchoices | |||
| IFB301: Capital Allocation: The Number One Job for CEOs and Its Impact on Investing Performance | 31 Aug 2023 | 00:51:52 | |
Welcome to the Investing for Beginners podcast! Today we have another round of great listener questions! As always like we like to say, we love receiving these kind of questions as it challenges us to think more and refreshes the investing knowledge we know. In this round, we will be discussing an array of topics encompassing calculating financial ratios yourself, an investing book list, lump sum vs DCA and more so listen on!
Timestamps of the episode:
-Are financial websites reliable? or should you calculate the ratios yourself? [01:44]
-Books to follow up on reading after The Intelligent Investor of Benjamin Graham. [07:30]
-Lump sum vs dollar cost averaging: which one is the best especially on index funds and individual stocks. [23:48]
-What is WACC/hurdle rate and why it matters in calculating your personal returns. [30:57]
-Why hurdle rates are sensitive to the current prevailing interest rates. [38:28]
-Operating leases and why it should be considered as debt of a business. [43:28]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Books mentioned in the episode:
Investment Gurus: A Road Map to Wealth from the World's Best Money Managers (New York Institute of Finance) by Peter Tanous
Psychology of Money by Morgan Housel
Market Masters: Interviews with Canada’s Top Investors ― Proven Investing Strategies You Can Apply by Robin Speziale
Richer, Wiser, and Happier by William Green
The Little Book of Sideways Markets: How to Make Money in Markets that Go Nowhere by Vitaly N. Katsenelson
The Dhando Investor by Monish Pabrai
More than you know by Michael Maubossin
The Little book of Valuation by Aswath Damodaran
Security Analysis by Benjamin Graham
Expectations Investing by Michael Maubossin
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
Today's show is sponsored by:
Get 55% off your Babbel subscription at Babbel.com/BEGINNERS.
Sign up for a one-dollar-per-month trial period at shopify.com/beginners.
Sign up today at butcherbox.com/BEGINNERS and use code BEGINNERS to get two 100% grass-fed filet mignons and two wild-caught lobster tails for FREE in your first box plus $20 off your first order.
SUBSCRIBE TO THE SHOW
Apple | Spotify | Google | Stitcher | Tunein
Learn more about your ad choices. Visit megaphone.fm/adchoices | |||
| Talking Getting Started in Real Estate with the Real Estate Rookie Podcast | 28 Aug 2023 | 00:47:49 | |
Welcome to the Investing for Beginners podcast! In today's episode, we will be having not only one guest but two! Ashley Kehr and Tony Robinson of the Real Estate Rookie podcast will be joining us to discuss everything about investing in real estate. They will share with us how one can start even with minimal capital, the inherent risks in real estate and choosing the right partner in building your real estate wealth. Listen on as we ask every beginner questions in the industry itself and how it will surely give you insights as well.
Timestamps of the episode:
-Why would one consider investing in the real estate industry instead of the stock market? [02:05]
-How to start investing with real estate and the pieces to prepare first before heading in. [08:00]
-Different reasons how real estate can serve your investment goals. [11:49]
-Risks and rates of return involving investing in real estate. [13:55]
-Why the type of risk you will take depends on the skill set you have. [17:48]
-Ways to deal with the inherent risks in the real estate industry and how those risks can immediately set you back. [20:16]
-Real estate investing can also be done at the comfort of your home regardless of where the property is located. [23:55]
-Ashley and Tony shares how real estate investing gave them the freedom to do things they love essentially giving them more time to pursue their passions. [27:50]
-They talk about their recent joint book project where it discusses how real estate partnerships work as the saying goes "if you want to go fast go alone, if you wanna go far go together." [30:37]
-Things you can do to mitigate the risks of being in a business partnership. [32:37]
-Finding the right partners in business is the most important thing you can do especially in real estate. Ashley and Tony shares insightful tips. [36:50]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Their podcast- https://open.spotify.com/show/7GAvDfVZWXglwZPxayvqh7?si=e9327d3067744ed4
Their upcoming book in preselling- https://store.biggerpockets.com/products/real-estate-partnerships?_pos=1&_sid=1dd453d22&_ss=r
Link to their Biggerpockets website- https://www.biggerpockets.com/podcasts/real-estate-rookie
Today's show is sponsored by:
Get 55% off your Babbel subscription at Babbel.com/BEGINNERS.
Sign up for a one-dollar-per-month trial period at shopify.com/beginners.
Sign up today at butcherbox.com/BEGINNERS and use code BEGINNERS to get two 100% grass-fed filet mignons and two wild-caught lobster tails for FREE in your first box plus $20 off your first order.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
SUBSCRIBE TO THE SHOW
Apple | Spotify | Google | Stitcher | Tunein
Learn more about your ad choices. Visit megaphone.fm/adchoices | |||
| Simon Erickson of 7Investing Joins Us to Discuss Innovation and Growth Stock Opportunities | 24 Aug 2023 | 00:52:12 | |
Welcome to the Investing for Beginners podcast! Today's episode, we will be joined by a special guest! Simon Erickson, host of 7investing podcast, will be joining us today to talk about his investing principles, portfolio allocation, the different industries he's interested in and much more! Listen on as we have a fun conversation on topics that not only will be insightful for beginners but also veterans out there. Let's go!
Timestamps of the episode:
-Simon shares his investing story and why he uses the number "7" in his company 7investing. [02:28]
-Why investing is such a personal endeavor and how Simon molded his own. [05:05]
-He talks about his favorite part of the semiconductor value chain and how it is more relevant today then ever. [08:00]
-How to think about balancing your portfolio if it is exposed in a cyclical industry. [11:14]
-The "hype" cycle is the enemy of a long term investor and how to avoid it. [13:25]
-Understanding deeper into the weeds of AI and Nvidia chips. [16:34]
-Switching gears into the defense industry and why it is relevant in recent times. [18:55]
-Signs that a management is a good capital allocator. [20:45]
-How to differentiate between a company that has done well in the past and will continue to do so over a company that shows promise at first but will ultimately flame out. [23:14]
-The importance of understanding which business life cycle a company is in. [25:17]
-A business that continues to protect its moat will surely thrive. [27:45]
-Simons shares the story behind the 7investing service and how it empowers retail investors. [29:42]
-Why fees shouldn’t be overlooked when you can do it yourself. [31:48]
-Discussing the barbell portfolio and how you should allocate each holdings in it. [32:45]
-The biggest advantage of an individual retail investors against institutional firms. [36:20]
-How to approach and analyze companies of different market caps. [37:00]
-Simon talks about the space economy and how it will be a driving force of the world economy in the coming decades. [39:23]
-The beauty of the world of investing where your curiosity is rewarded financially. [43:27]
-Simon tells his best dad joke. [47: 29]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Simon's website- https://7investing.com
His podcast- https://open.spotify.com/show/7wBWhst8U3CqSeQ8fRGCLO?si=58b4a51ae67947ec
His Youtube channel- https://www.youtube.com/channel/UCAI0YGmr9W96nZI1q3vSJHg
Today's show is sponsored by Rocket Money:
Cancel your unwanted subscriptions and manage your money the easy way by going to rocketmoney.com/beginners
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
SUBSCRIBE TO THE SHOW
Apple | Spotify | Google | Stitcher | Tunein
Learn more about your ad choices. Visit megaphone.fm/adchoices | |||
| Value Spotlight: The New Updated Sather Research eLetter | 21 Aug 2023 | 00:25:15 | |
Welcome to the Investing for Beginners podcast! Today is a special episode and an announcement at the same time! Andrew will share with us the exciting changes with his stock research e-letter service and also the insightful lessons he learned after doing this for almost ten years- time surely flies. This is a pivotal moment for us in the podcast as we are excited to bring more value to our listeners moving forward so listen on to learn more!
Timestamps of the episode:
-Andrew talks about his new revamped Sather research e-letter service, how it evolved and why it will serve its subscribers better in a new platform. Plus, new features! [01:48]
-What prompted the change and rebrand of his stock picking service. [03:53]
-Andrew shares how his investing evolved after doing the e-letter service for almost ten years. [05:56]
-Investing lessons and mistakes Andrew learned throughout the years. [08:09]
-Dollar cost averaging strategy lessons: The good and the bad. [15:20]
-The power of being open-minded and not stubborn to change is a valuable trait every investor should have. [17:35]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Value Spotlight website- https://valuespotlight.com
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
Today's show is sponsored by Rocket Money:
Cancel your unwanted subscriptions and manage your money the easy way by going to rocketmoney.com/beginners
SUBSCRIBE TO THE SHOW
Apple | Spotify | Google | Stitcher | Tunein
Learn more about your ad choices. Visit megaphone.fm/adchoices | |||
| Paul From @Investmentideen Joins Us to Discuss the Power of Capital Allocation | 17 Aug 2023 | 00:50:41 | |
Welcome to the Investing for Beginners podcast! Today we have a special guest! Joining us today will be Paul, a good friend we met in Twitter (or X now) where he will talk with us a diverse range of topics spanning from his experience working under Constellation software before into good capital allocation, value traps and more. Listen on as he discusses great insights into valuations especially on micro caps and also the key in finding quality businesses. This is such a great episode with so many gems that it's a pity we only have an hour (almost) of an episode!
Timestamps of the episode:
-Paul shares his investing journey and gives credit on having people showing you the way. [02:10]
-He talks about the first stock he bought and how it started paving the way on doing great due diligence. [04:20]
-The importance of finding your own style in investing even though we all stand on the principles of investing giants. [07:00]
-Overpaying is the most common problem among investors and drags returns overall. [09:28]
-Paul shares his approach on what to do if he is gonna start investing all over again today, the rules to follow and sifting through noise of readily available information. [12:20]
-He breaks down what an earnings yield is and how it drives business return overall. [16:20]
-Differentiating between cheap stocks that deserves to be cheap and the ones that has sustainable earnings but the market values it cheaply. [19:35]
-What are value traps and why year over year fast revenue growth of value traps should not excite you. [21:55]
-Management's quality in realizing shareholder value is important for every thesis/valuation to play out.[26:00]
-Why looking acutely on the cash position of a company's balance sheet is relevant in gauging a management's skill in capital allocation. [30:50]
-Paul shares his experience working under Constellation software before and why most small software companies are not run capital efficiently. [35:29]
-What valuation ultimately means to Paul and how he approaches it. [38:00]
-The key to finding quality businesses is by making the process simple. [42:35]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Paul's Twitter (X) handle- https://twitter.com/Investmentideen
His substack- https://investmentideas.substack.com
Books and resources mentioned in the episode:
Seth Klarman's book- Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor
Joel Greenblatt- You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits
Geoff Gannon compilations download link- https://bit.ly/3QyzIpF
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
SUBSCRIBE TO THE SHOW
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Learn more about your ad choices. Visit megaphone.fm/adchoices | |||
| Bird’s Eye View of Learning a New Industry | 14 Aug 2023 | 00:31:33 | |
Welcome to the Investing for Beginners podcast! In today's episode, we will do a bird's eye view in how to approach in studying an industry that is not in your circle of competence as investors will say. We will take you in on how we approach it ourselves step by step and discuss the nuances of each so listen on!
Timestamps of the episode:
-Great frameworks to use in starting to study a new industry. A way to extend your circle of competence. [01:50]
-Starting with the sales trend of companies in an industry paints a financial picture to where an industry is headed. [05:20]
-Identifying the key players in each industry is helpful and important in gauging if an industry is investable or not. [10:50]
-How to approach studying a technical industry like the semi-conductors. [14:25]
-Tracing the value chain of an industry helps you find under the radar businesses that are profitable.[18:50]
-Continuous learning and keeping up to date in the industry you're invested in should not be hard and can be boiled down to few metrics. [23:38]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
SUBSCRIBE TO THE SHOW
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Learn more about your ad choices. Visit megaphone.fm/adchoices | |||
| How You Can Have a Better Relationship with Money | 22 Jul 2024 | 00:36:51 | |
Welcome to The Investing For Beginners Podcast! I'm Andrew, with co-host Dave. Today, we dive into budgeting, financial management, and our Personal Finance Kickstart Program. Learn to prioritize giving, adopt an abundance mindset, and enjoy guilt-free spending. Join us to improve your financial health and achieve freedom. Let's get started!
00:00 Money's importance shouldn't be ignored, taboo.
03:13 Teaching financial empowerment for present and future.
06:24 Shift mindset, manage well, embrace limited resources.
11:36 Prioritize giving first in managing finances.
13:56 Adopt abundance mindset for positive life changes.
18:07 Prioritize relationships and time over money accumulation.
20:07 Financial education lacking in society leads to debt.
24:28 Financial freedom allows for memorable experiences.
28:22 Get answers on personal finance with Dave.
30:23 Wrap-up show emphasizes better money-life balance.
To learn more about how to become a better manager of your money, go here:
Financial Birds Bees
Today's show is sponsored by:
Go to shipstation.com and use code INVESTING to sign up for your FREE 60-day trial.
Go to monarchmoney.com/BEGINNERS for an extended 30 day free trial!
Find great investments at Value Spotlight
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| IFB300: Listener Q&A – Finding Tax Documents & Our Favorite Financial Websites | 10 Aug 2023 | 00:41:00 | |
Welcome to the Investing for Beginners podcast! Today's episode, we have another great round of listener questions coming from Spotify! Questions in this episode encompasses a wide range of topics-from taxes to financial growth metrics- all are covered and discussed in a simple way Dave and Andrew are known for so listen on!
Timestamps of the episode:
-How to file your taxes in investing. It's easier than it sounds. [01:50]
-Reliable sources of financial metrics and how to use them as each one has its own use cases. [03:23]
-Don't overthink it and just dive in. Start investing as early as possible. [10:00]
-What to do after your first investing failure. Spoiler: It will open a whole pandoras box of questions in becoming a better investor. [14:30]
-Talking about different ETF's on index funds and why its a good starting point for beginner investors.[19:00]
-Metrics to consider in measuring a businesses' growth. [21:45]
-How different growth rates depend on which life cycle a business is. [25:37]
-Why return on equity (ROE) is a good growth metric to use in increasing shareholder returns. [28:10]
-Always remember there is no one metric that fits all. Dave discusses the pitfalls of ROE. [34:44]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Sources mentioned in the episode:
Stratosphere- http://www.stratosphere.io
Quick fs- https://quickfs.net
Seekingalpha- https://seekingalpha.com
Finviz- https://finviz.com
BamSEC- https://www.bamsec.com
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
Today's show is sponsored by: Factor
Head to factormeals.com/investing50 and use code investing50 to get 50% off.
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| IFB299: Red Flags in a Company’s Financials | 07 Aug 2023 | 00:41:01 | |
Welcome to the Investing for Beginners podcast! In today's episode we will be talking all about red flags of a businesses' financials and why we should look out for it. Red flags can either be really obvious or hidden deeper in the numbers and in this episode we will take a deep dive on each of them. Listen on as we discuss the questions you should ask yourself in encountering these red flags.
Timestamps of the episode:
-From profitable to non-profitable, a common overlooked red flag on businesses. [01:45]
-Increasing debt to equity ratio, another rising red flag that has been proven to be detrimental in the future of a business [04:00]
-Red flags are not necessarily deal breakers (mostly it is) but should make you ask yourself questions as to why it can be long term or not. [10:58]
-Why sometimes a increasing goodwill of an asset acquired can be a red flag. [14:24]
-Impairment losses are red flags and punishment for companies paying too much. It says a lot on the management's skill of doing acquisitions. [19:30]
-Serial acquirers can either be great or bad as M&A's should be value accretive. Goodwill is the one to look out for on these companies. [28:30]
-Decreasing return on invested capital (ROIC) and gross margins are another red flag of a business. [30:05]
-A plethora of red flags is not a sign to short a company. [36:10]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
Today's show is sponsored by Factor:
Head to factormeals.com/investing50 and use code investing50 to get 50% off.
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| IFB298: Causation Is Not Correlation | 03 Aug 2023 | 00:29:20 | |
Welcome to the Investing for Beginners podcast! Today's episode will all be about beta, causation and correlation in the stock market! It's quite a technical topic as it is hard show numbers through the podcast but we will do our best as always to piece it together as simple as possible. Listen on as we take a deep dive into volatility, what drives a stock price and more!
Timestamps of the episode:
-What is Beta and how is it being used in the stock market? [01:53]
-Volatility and risk are not the same and will never be. [05:55]
-Using Beta as part of your hurdle rate. [13:16]
-The seemingly random relationship between causation and correlation in the stock market. [15:50]
-How index funds and sector ETF's affect a particular stock price. [19:56]
-What really moves a stock price up and down? [21:26]
-The stock market in the short term is a voting machine, and in the long term it is a weighing machine, a timeless Graham quote. [24:20]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
Today's show is sponsored by:
Rocket Money:
Stop throwing your money away. Cancel unwanted subscriptions – and manage your expenses the easy way – by going to RocketMoney.com/BEGINNERS.
Babbel:
Get 55% off your Babbel subscription at Babbel.com/BEGINNERS.
Shopify:
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IFB298-Causation-is-not-CorrelationDownload
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| IFB297: Listener Q&A - Is It Ever Too Late to Start Investing? | 31 Jul 2023 | 00:25:53 | |
Welcome to the Investing for Beginners podcast! In today's episode, we have a bunch of great listener questions and this time its from Spotify! A great feature to connect listeners and hosts so keep the questions coming! The episode today will revolve around a few important topics namely the timing of your investments, time horizon, portfolio allocation and more so listen on!
Timestamps of the episode:
-Is it too late to invest in your Roth IRA? [02:10]
-Your investment time horizon dictates your portfolio mix. [05:40]
-Being scared in investing vs investing the money you can't afford to lose. [08:38]
-Is there even a safe way to invest? [12:51]
-There is no magic number in portfolio allocation. It is whatever that makes you sleep well at night. [15:17]
-It's always the consistent habit of putting money to work that compounds wealth. [20:13]
-Taking profits out of your ROTH IRA's, is it sensible to do it now? [20:42]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
Today's show is sponsored by:
Rocket Money:
Stop throwing your money away. Cancel unwanted subscriptions – and manage your expenses the easy way – by going to RocketMoney.com/BEGINNERS.
Babbel:
Get 55% off your Babbel subscription at Babbel.com/BEGINNERS.
Shopify:
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IFB297-Listener-QADownload
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| IFB296: Listener Q&A – Dollar Cost Averaging/Portfolio Management | 27 Jul 2023 | 00:31:23 | |
Welcome to the Investing for Beginners podcast! We have another great listener episode! As always, we love hearing from you guys and ask us questions. Today's listener episode will be about dollar cost averaging, sizing your bets and everything you need to know about 401k investing! Listen on as Andrew and Dave give their insights especially on the right ways to correctly size your bets and why you should or not trim your winners.
Timestamps of the episode:
-How to use dollar cost averaging (DCA) in spreading your bets on the best opportunities. [02:14]
-Don't give in to the itch of trying to find the next best idea as sometimes you can find it really close by. [07:55]
-Where to find more info on the funds offered in your 401K and how to approach them. [09:10]
-Universal rules in 401K investing and why every beginner should know about this. [11:56]
-How to correctly size your bets in your investment portfolio. [15:15]
-Should you let your winners run? or trim until your stomach can manage? A good problem to have.[21:10]
-A pitch on Andrew and Dave's amazing newsletters. [27:05]
Note: Timestamps may differ and are approximate, depending on your podcast player.
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| IFB295: Validity of Scuttlebutt + Quantitative Analysis | 24 Jul 2023 | 00:31:57 | |
Welcome to the Investing for Beginners podcast! Today's episode, we will explore and think outside the box and do scuttlebutt investing! As Peter Lynch's timeless quote says, "Know what you own" scuttlebutt investing is more or less the same- you get on the ground and research the company personally. Listen on as we discuss this boots on the ground style of investing and how it can help one greatly in gaining a deeper understanding of a business plus its pitfalls also!
Timestamps of the episode:
-What is "scuttlebutt" investing and why qualitative analysis must be about thinking outside the box. [02:26]
-Always be observant of businesses around your "orbit" [05:20]
-How taking scuttlebutt investing too far can be myopic to your investing. Living in your own bubble. [10:27]
-Ways to extend your scuttlebutt bubble and reduce tunnel vision. [12:50]
-Nothing beats doing research of a company through its employees. [19:25]
-Why Glassdoor is such an important tool doing management/culture scuttlebutt. [22:27]
-Another great tool for scuttlebutting: Tegus, a professional service doing management interviews [24:05]
-Insider trading can be an unintended pitfall of doing scuttlebutt investing. [25:10]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Glassdoor website- https://www.glassdoor.com
Tegus- https://www.tegus.com
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Today's show is sponsored by Babbel:
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| John Rotonti Shares a Master Class on Research and Valuation | 20 Jul 2023 | 01:11:58 | |
Welcome to the Investing For Beginners Podcast! In this episode, we have a special guest, John Rotonti, who shares valuable insights on the importance of Return on Invested Capital (ROIC) in determining the intrinsic value and growth potential of a company.
John explains that if the ROIC is higher than the cost of capital, it leads to growth and increases intrinsic value. If it is equal, growth is neutral, and if it is lower, growth destroys value. He also breaks down the formula for calculating the economic spread or excess return spread, which is ROIC minus the cost of capital.
Throughout the episode, John emphasizes the significance of a high ROIC and a higher economic spread for companies. He highlights how revenue growth, especially organic growth, plays a crucial role in driving intrinsic value growth for companies with a high ROIC higher than the cost of capital.
00:04:49 Thorough research and analysis process for investing.
00:10:08 Watch list, market sell-off, network, investor letters.
00:16:57 Checklist for investing in businesses with tweaks.
00:23:26 Free cash flow yield is the best predictor of future returns, according to multiple studies. To calculate normalized free cash flow, consider factors like cash inflows from selling off businesses. Another method is total shareholder return (TSR), which includes dividend yield and earnings per share growth. Models like discounted cash flow (DCF) and reverse DCF can help estimate fair values. Additionally, analyzing acquisition multiples in the industry can provide insights.
00:35:26 DCF is a discounted cash flow model used to estimate future cash flows. It involves forecasting cash flows over a period of 5-10 years and then projecting them into perpetuity. The value of an asset is determined by the present value of future cash flows, which is calculated through discounting. Three key factors to consider are the size, timing, and riskiness of the cash flows. Building a DCF involves modeling revenue growth, EBIT margins, tax rates, and subtracting reinvestment to determine free cash flows. These cash flows are then discounted using a chosen discount rate. The sum of the present values of these cash flows, along with the terminal value, gives the enterprise value. By subtracting debt and adding cash, the equity value can be determined. Dividing by the number of shares gives the intrinsic value per share. Different scenarios can be explored to determine a range of fair values.
00:46:04 ROIC and free cash flow drive value.
00:51:09 Higher ROIC generates intrinsic value growth through growth.
00:59:01 New Constructs provides accurate financial metrics data.
01:02:11 PE ratios and free cash flow multiples are commonly used by people, but they are often misunderstood. However, understanding the three drivers of the multiple - earnings growth, return on invested capital, and risk - can make them useful. Examples show how different growth rates and cost of capital affect justified PE ratios. As the cost of capital increases, the justified PE ratio decreases. It's important to understand these drivers to make sense of multiples.
You can find more John here on Twitter @JRogrow
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| IFB294: Explaining Multiple Expansion and It’s Impact on Value | 17 Jul 2023 | 00:35:18 | |
Welcome to the Investing for Beginners podcast! Today's episode will be all about multiple expansion- what it means and how it will impact the business you're investing in! The "multiples" term is always being thrown around by talking heads on tv and people in the investing community and we know how it can be confusing at times especially for beginners so listen on as we discuss each facet of it. Let's go!
Timestamps of the episode:
-What a “multiple” term mean in the investing word. [01:54]
-The importance of knowing the driver behind every multiple expansion. [04:33]
-How market expectations are baked into the multiples of a business. [05:45]
-Other impact drivers that can move a business’s multiple expansion. [09:02]
-If there’s multiple expansion, there exists also a compression. $META being the prime recent example. [14:40]
-How the price to book ratio can be a good multiple to gauge cyclical businesses. [21:14]
-The dangers of being fixated on the multiple expansion/compression game. [23:50]
-Value investors are also victims of the multiples game. [28:30]
Note: Timestamps may differ and are approximate, depending on your podcast player.
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| Karen Finerman Joins Us to Discuss the Ups and Downs of Investing | 13 Jul 2023 | 00:49:37 | |
Welcome to the Investing for Beginners podcast! Today's episode will be a special one as we have an awesome guest in the show! Karen Finerman, Metropolitan Capital Advisor's hedge fund manager and a panelist in CNBC's Fast money show, will be gracing us today with her investing journey, mistakes and wisdom throughout the years in different market cycles. She also has an upcoming podcast (already published at the time this episode goes live) named "How She does it which talks about having conversations with female leaders in all industries who make their own space and build their careers in unique ways. It was such a pleasure having her in our show and was a gem of insights not only in investing but life in general also so listen on!
Timestamps of the episode:
-Karen shares her investing journey from wanting to become a gymnast into doing risk arbitrage trading and being successful in a male dominated finance industry. [02:26]
-Why always thinking about the downside matters. Karen talks about an expensive lesson she learned from investing. [05:36]
-How to rationally handle your investing failures and make use of it. [07:49]
-Why the current market conditions does not surprise Karen. [10:15]
-How Karen's investing style changed throughout the years. [12:10]
-Withstanding market swings and irrationality. How to overcome when the market narrative is against your stocks. [16:40]
-Being in the age of hyper information does not help in giving you an edge as an investor. [21:44]
-Key pieces of information that are more signal than noise in the markets. [24:14]
-The best way of weighing investing risk vs reward in picking individual stocks. [29:18]
-When to sell: the underrated hardest thing to do in investing. [34:05]
-Karen shares the story behind her podcast, "How she does it" and how it empowers women in different industries. [36:50]
-The most important lesson she taught her daughters. [39:15]
-Karen talks about an amazing endeavor of a guest in her podcast which is awe inspiring to be honest. [41:20]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Karen Finerman's podcast - https://open.spotify.com/show/2bDVlf5r5Rocbq0xZCK2JE?si=36c4dfc0aa4d4404
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| IFB292: 5 Metrics Every Beginner Investor Should Know | 10 Jul 2023 | 00:39:34 | |
Welcome to Investing for Beginners podcast! In today's episode, we will talk about the five financial ratios every investor, beginner or not, should know! There's a multitude of ratios out there and each has their own purpose but we believe that these five are the most important and should be in every investor's arsenal in valuing a business so listen on!
Timestamps of the episode:
-The most popular metric of them all: The price to earnings ratio (P/E) [02:00]
-The limitations of using the p/e ratio and the justification it gets depending on each industries it belongs. [04:33]
-Defining the price to free cash flow ratio (P/CF) and why it is a more superior ratio than P/E. [09:27]
-How to calculate the p/e and p/cf ratios into earnings yield. [14:52]
-Now into the efficiency ratios: Return on Equity (ROE) and Return on Invested Capital (ROIC) [15:45]
-Why always looking in a longer timeframe helps visualize the impact of ratios in a business. [21:38]
-Balance sheet ratio: Debt to equity (D/E) [24:40]
-The importance of knowing the context behind the d/e numbers and how it differs across each industry average. [27:04]
-What is an interest coverage ratio and what it tells you. [31:15]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
Today's show is sponsored by: Rocket Money
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| Back to Basics: Sell Rules | 18 Jul 2024 | 00:30:41 | |
Welcome to The Investing For Beginners Podcast! In "Sell Rules," Dave and Andrew discuss critical stock selling decisions, emphasizing slow, strategic actions and avoiding reactionary choices. They share sell rules, real-world examples, and the importance of understanding company fundamentals and debt management. Tune in for valuable insights on refining your investment strategy.
00:00 Sell negative earnings before company goes bankrupt.
05:06 Buying company involves risk, analysis, and adaptation.
09:23 Disney faces financial challenges due to pandemic.
12:02 Market reactions to dividend changes are significant.
16:14 Meta's potential risk of investment in metaverse.
20:14 CEO capital allocation and long-term performance analysis.
23:18 Debt, reinvestment, regretful stock sale cautionary tale.
26:50 Be mindful of financial red flag numbers.
28:01 Avoid knee-jerk reactions, use sell rules.
31:10 Owen emphasizes safety; have a great week.
Today's show is sponsored by:
Go to shipstation.com and use code INVESTING to sign up for your FREE 60-day trial.
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| IFB291: Overcoming Beginning Investor Skepticism | 06 Jul 2023 | 00:31:08 | |
Welcome to the Investing for Beginners podcast! In today's episode, its all about the skepticism of a beginner investor and how to overcome it. We delve into the most common hurdles and misconceptions why people won't start investing like starting capital, lack of patience and more so listen on!
Timestamps of the episode:
-How underrated stocks can be as a source of passive income. [02:50]
-What drives stock returns? [05:26]
-Why stable dividends provide a floor in a stock's price. [08:30]
-Patience is in short supply in the investing world. [10:35]
-The fastest to grow your wealth is to go slow. [13:00]
-Index funds is the way for the majority of people out there. [15:50]
-Another underrated force of wealth creation: the power of compounding. [18:00]
-Leveraging today's different tools to start your compounding journey. [22:00]
-The best time to invest is now, not tomorrow but now. Just get started. [26:40]
Note: Timestamps may differ and are approximate, depending on your podcast player.
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Shopify is the commerce platform revolutionizing millions of businesses worldwide. Whether you’re a garage entrepreneur or IPO-ready, Shopify’s the only tool you need to start, run, and grow your business WITHOUT the struggle. This is possibility powered by Shopify.
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| IFB290: Listener Q&A - How Do You Start Investing with $1,000 | 03 Jul 2023 | 00:32:19 | |
Welcome to Investing for Beginners podcast! Today's episode will be another round of great listener questions! As we've always said, we love receiving listener questions as it compels us to revisit important basic concepts in investing and also take deep dives into interesting topics so keep it coming guys! For this episode, we will talk about best pieces of advice for beginners in choosing their first stocks, the home country bias and a financial ratio that is often overlooked. Listen on!
Timestamps of the episode:
-The best piece of advice for beginners buying their first stocks. [02:20]
-There's nothing wrong being an indexer. [06:55]
-Why as a beginner, it's not bad having a home country bias. [08:30]
-Taxes to consider when investing internationally. [16:28]
-What is a payout ratio? and how high it should be. [18:00]
-The risks of having a high payout ratio and how it stunts a growth of a business. [22:48]
-Why Visa and Apple are great examples of a great business with a low payout ratio but brings great returns. [25:37]
Note: Timestamps may differ and are approximate, depending on your podcast player.
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| IFB289: Problems and Pitfalls of Investing with Debt | 29 Jun 2023 | 00:34:04 | |
Welcome to the Investing for Beginners podcast! In today's episode we will talk about leverage and how it is being used in investing- the good and the bad, but mostly bad. Listen on as we go around the topic of debt and why in investing it is best to stay away from it even with the allure of higher returns.
Timestamps of the episodes:
-The Rich Dad, Poor Dad book by Robert Kiyosaki and how it teaches financial independence [02:22]
-Pitfalls and upsides of using debt in investing. [05:03]
-The cruel reality of using leverage and how it correlates with real estate investing. [11:15]
-The illusion of running your own business. [14:55]
-Using the leverage from your own home to buy investment properties. [18:50]
-The liquidity problem of real estate properties. [24:55]
-Why investing with a margin of safety will always be a good rule to follow. [27:44]
Note: Timestamps may differ and are approximate, depending on your podcast player.
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| IFB288: Diving Deep in Howard Mark’s Memos of 2022 | 26 Jun 2023 | 00:39:30 | |
Welcome to the Investing for Beginners podcast! Today's episode will be all about memos! And its from an investor we all admire and glean wisdom from. Howard Marks' memos are timeless pieces of investing advice that can range from when to sell into macro forecasting. Listen on as we talk our fave memos and discuss the insights we learned from it!
Timestamps of the episode:
-Who Howard Marks is and why you should listen and read his memos. [02:05]
-Selling a position is much harder than buying or starting one. Andrew and Dave shares their thoughts. [03:38]
-Strategies to deal with your emotions in investing. [11:10]
-Examples of metrics to help gauge a business's performance. [12:23]
-The different stock market cycles, its ebb and flow. [16:37]
-How narratives can change fast and easily- "This time is different" [21:48]
-Macro forecasting and weather forecast are one and the same. [25:50]
-Closing thoughts on why to read more of Howard Mark's memos. [34:05]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Howard Marks' memos- https://www.oaktreecapital.com/insights/memos
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| IFB287: Listener Q&A – Employer Stock Plans | 22 Jun 2023 | 00:24:52 | |
Welcome to the Investing for Beginners podcast! This episode we have one great listener question! Even though this topic is more geared towards employees who have an investment program within their company the discussion towards the end of the show about diversification is a must listen!
Timestamps of the episode:
-What is an Employee Stock Purchase Plan (ESPP) and how it benefits you as an employee. [02:00]
-How to prioritize the different investing benefits of your employer. [05:48]
-Read the fine print of your employer stock plan as it can be a case to case basis. [10:00]
-The best way to think about the diversification of your investments especially as an employee. [13:25]
-Why diversification is mostly for everyone. Remember, you're not Charlie Munger. [18:48]
Note: Timestamps may differ and are approximate, depending on your podcast player.
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| Bird's Eye View of Proxy Statements | 19 Jun 2023 | 00:37:45 | |
Welcome to the Investing for Beginners podcast! In today's episode, we will be talking about proxy statements! An underrated but an important financial disclosure that let you peek deeper into the incentives of every company management. Listen on as we take a deep dive on this often overlooked financial statement.
Timestamps of the episode:
-What is a proxy statement and how it relates to the management? [02:10]
-An example of a management that is aligned with its shareholders: $ADYEN [07:16]
-Rules of thumb in checking incentives of a company's management. [11:54]
-A fair way of using incentives to align management with shareholders. [15:45]
-The opposite side of the fence: How not to use incentives. [18:00]
-How Andrew looks at management ownership and whatnot. [22:29]
-Looking beyond the proxy statements: competition, structure and more. [29:33]
Note: Timestamps may differ and are approximate, depending on your podcast player.
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| Benjamin Tan Joins Us to Discuss Enneagrams and the Power of Psychology in Investing | 15 Jun 2023 | 00:38:13 | |
Welcome to the Investing for Beginners podcast! Today's episode will be a really interesting one and also a timeless topic for every investor out there! Joining with us will be Benjamin Tan from enneagraminvesting.com where he will share great insights into different investing psychology, how it matters and more so listen on!
Timestamps of the episode:
-Benjamin Tan shares his roots and explains how human psychology intersects with investing in the form enneagrams. [02:03]
-What is the idea behind an enneagram and how it can be used to encapsulate investor types. [05:37]
-The nuances of different investor types and how it can bleed into one another. [08:43]
-How knowing your investing personality will greatly help you make more informed and better decisions [11:05]
-Discovering your blind spots and biases is a lifelong process and can change a lot over time. [15:08]
-Taking a hard look into ourselves is easier said than done. Embracing weaknesses is not popular at all.[19:16]
-The challenges in using a personality test to become a better investor. [24:56]
-Understanding your own psychology is counterintuitively more important than focusing on returns. [27:05]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Benjamin Tan's website- https://www.enneagraminvesting.com
Know your investor psychology type! - https://www.enneagraminvesting.com/free-enneagram-test
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| IFB285: Reflecting on the Process of Learning How to Analyze Stocks | 12 Jun 2023 | 00:40:04 | |
Welcome to the Investing for Beginners podcast! In today's episode, we will do a bit of introspection and looking back on the lessons we learned in investing for several years especially on misconceptions and how we value stocks so listen on!
Timestamps of the episode:
-Misconceptions Dave and Andrew realized throughout the years in investing. [02:18]
-Volatility can be your friend! [05:13]
-Things or "voices" beginner investors should avoid at all costs. [08:12]
-Knowing the incentives of the people you listen to is really important. [11:48]
-Investing in yourself, rather than focusing a lot on the best stocks, is a much underrated advice in the investing world. [13:40]
-How Dave's and Andrew's thinking about "numbers" in looking for great stocks evolved throughout the years. [19:00]
-Curiosity can go a long way especially in investing. Dave used it a lot to his advantage. [21:40]
-Why you should always avoid FOMO like a plague. [24:43]
-A misconception you have to buy all the big names to get the best returns in the stock market. [29:48]
-The best takeaway of Andrew from investing for several years. [31:10]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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| The Basics of ETFs with Evan from My Money Marathon | 08 Jun 2023 | 00:47:22 | |
Welcome to the Investing for Beginners podcast! Today's episode we will have a special repeat guest with us, Evans from mymoneymarathon.com to discuss everything about ETFs. We will dive into the structure of what makes an ETF different from other investments, where to research and much more so listen on!
Timestamps of the episode:
-What are ETF's and how does it differ from an index fund? [02:27]
-The things to look for when choosing the right ETF for you. [05:12]
-Best places to research on different ETF's like structure and expense ratios. [08:30]
-Why an ETF is a great way to have an exposure to a particular industry you like with less volatility and risk. [12:22]
-Risks involving in investing on ETF's and why you should be wary on "overdiversifying" [19:10]
-How to start building your own ETF portfolio for beginners. [24:29]
-The ideal number of ETFs you should own. [28:18]
-Tracking your performance in your ETF portfolio and how often you should monitor it. [34:33]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Evan's website- https://mymoneymarathon.com
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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| IFB284: When Can You Open a Brokerage/How Should I Invest a Lump Sum? | 05 Jun 2023 | 00:32:14 | |
Welcome to the Investing for Beginners podcast! In today's episode we have another round of great listener questions! The topics encompasses a lot of areas, from how one under 18 can start into investing to what taxes will affect your retirement accounts. Again, we are always thrilled to answer your questions so listen on!
Timestamps of the episode:
-A question in Portuguese and a relevant one at it: How people under 18 can start investing? [02:20]
-How does compounding really work? Is the starting size relevant? [05:49]
-Using a windfall to invest or pay down debt will always be a subjective choice. [09:50]
-Staying in the game as long as possible is more important [12:56]
-Dollar cost averaging should be the way for most people. [17:15]
-Different taxes involving lump sum inheritance money. [19:19]
-How the ROTH IRA and traditional IRA are being taxed and why you should take note of it. [23:52]
-Best places to research on about different individual retirement accounts and what will fit your needs. [26:18]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Link to our previous episodes talking about starting on IRA's and more. Start here on IFB60 to 64-https://open.spotify.com/episode/2TBUfRy0dWRv4ewzZYVxl8?si=64e05b3a21c440d2
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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| Kyle Grieve Joins Us to Explore the World of Small Cap & Nanocaps | 15 Jul 2024 | 00:50:13 | |
Welcome to "The Investing For Beginners Podcast." Host Dave and guest Kyle Grieve discuss value investing, emphasizing continuous learning, reading, and building investor relationships. Kyle shares his focus on high-quality small and nano-cap businesses, the importance of due diligence, networking, and starting with small investments. Tune in for practical advice!
00:00 Strength training taught discipline and investment principles.
03:33 Discipline and mind key to investing success.
08:52 Reading broadly, deeply, and using knowledge daily.
09:58 Book on investment and risk, impactful read.
15:49 Talked with Chris Mayer about outperforming small businesses.
19:02 Connecting with nanocap CEOs can yield insights.
22:17 Researching stocks, found solution using interactive brokers.
24:23 Finding investment ideas without screening, using network.
27:55 Explore, learn, expand, and push your limits.
30:42 Questioning decision-making on investment and understanding limits.
33:16 Focus on understanding business, before investing.
38:38 Underrated mastermind groups unite investing enthusiasts.
40:07 Value of community in self-awareness and growth.
43:33 Following Kyle on podcast, Twitter, LinkedIn beneficial.
Learn more from Kyle here:
X: @IrrationalMrkts
The Investor's Podcast Network
Today's show is sponsored by:
Go to shipstation.com and use code INVESTING to sign up for your FREE 60-day trial.
Go to monarchmoney.com/BEGINNERS for an extended 30 day free trial!
Find great investments at Value Spotlight
Have questions? Send them to newsletter@einvestingforbeginners.com
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| IFB283: Back to the Basics of Building a Portfolio | 01 Jun 2023 | 00:27:13 | |
Welcome to the Investing for Beginners podcast! In today's episode, we will do a back to the basics discussion about building a portfolio from scratch! We all know how daunting it can be starting your own portfolio especially with so much information available now in our age. Don't fret! Andrew and Dave is here to give you insightful tips as they share about how a retail investor can start based on their own experiences also so listen on!
Timestamps of the episode:
-The idea of building an investment portfolio from scratch. [02:00]
-Don't put all your eggs in one basket! [03:25]
-Different sectors of the stock market that are available for beginner investors. [05:17]
-Diving in sectors you're passionate with is a good starting point. [10:45]
-How to cope and not succumb in FOMO with the hottest sectors of the day. [13:25]
-Position sizing is often overlooked and must be given thought when starting a portfolio. [17:45]
-The importance of letting your winners run and how it is a good problem to have. [21:05]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
Today's show is brought to you by: Shopify
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| IFB282: In Defense of the Top 5 Companies in the S&P 500: Things Investors May Not Know | 29 May 2023 | 00:37:47 | |
Welcome to the Investing for Beginners podcast! Today's episode will be a discussion about the top 5 companies in the S&P 500 index specifically on things you may not know about them as a beginner investor. Listen on as Dave and Andrew give interesting facts and tidbits about each companies and how it will propel their value more going forward.
Timestamps of the episode:
-Apple turns a dollar into three like magic and how it can continue this magic in its business moving forward. [02:10]
-Google's stickiness is more "sticky" than you think especially on children today. [08:43]
-The amount of cash these tech giants have can be mind boggling and presents a dry powder for ripe opportunities. [14:40]
-Microsoft is building behind the scenes platforms that most people don't appreciate much and will be a huge value drive going forward. [16:50]
-Amazon web services or AWS as popularly called is a behemoth in cloud services and everybody is playing catch up still until now. [23:20]
-Berkshire Hathaway's energy company's scale and size deserves more attention. [28:18]
-Dave gives a good advice on beginners in looking to invest in the S&P 500. [33:10]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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| IFB281: How to Hold a Company Rising Quickly/How We Look for Quality Companies | 25 May 2023 | 00:29:56 | |
Welcome to the Investing for Beginners podcast! In today's episode, we have another round of great listener questions! As always, we love having these kind of questions directed in our way and this time it's about a problem every investor wants to have while the other one will be on characteristics to look for in a healthy business so listen on!
Timestamps of the episode:
-A high class problem to have: what to do when a holding of yours increases significantly. [01:45]
-Trimming your flowers and watering the weeds is a balancing act that is hard to pull. [07:40]
-Practical rules in identifying a healthy business. Business case study: Watsco $WSO [12:28]
-The return of invested capital (ROIC as mostly known) is one of the best metric to gauge the efficiency of a business to allocate capital. [20:10]
-The price you pay still matter even if it's a great business. [24:37]
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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| Bird's Eye View of Bank Analysis (Citizens First Republic) | 22 May 2023 | 00:33:53 | |
Welcome to the Investing for Beginners podcast! Today's episode we will take a bite on a complex topic such as the banking industry. The discussion stemmed from a listener question sent to us about a bank and how to analyze it so of course we are more than happy to go deeper and talk about it. Listen on as we try to simplify as much as possible the jargons surrounding the business of banks.
Timestamps of the episode:
-Recent rundown on the banking sector and what happened so far. [02:56]
-What makes a bank different from a regular business and what are the risks. [05:46]
-Key parts in understanding the financial structure of the banking business. [09:30]
-Loan quality is everything for banks. Dave shares his "cheat code" in checking one. [18:15]
-Why the balance sheet of banks is the most important section of 10k's compared to most businesses. [20:50]
-How studying the banking can be overwhelmingly exciting and too much at the same time. [26:15]
-Major red flags to look for when analyzing banks especially in the current times. [27:50]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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| IFB279: New Investor Mistakes and How to Avoid Them | 18 May 2023 | 00:34:20 | |
Welcome to the Investing for Beginners podcast! In today's episode it's all about beginner investor mistakes and why you should avoid them like a plague! Listen on as Dave and Andrew discuss timeless mistakes every starting investor makes. Remember, you don't need to pay a high "tuition" price to be humbled by the market!
Timestamps of the episode:
-Why day trading isn't for every one and probably not for you too. [01:54]
-The allure of leverage is doubling your gains but doubling your losses also with the latter happening oftentimes [05:33]
-Putting all your eggs in one basket is another sure fire way of losing your money. Remember you're not Warren Buffet. [08:55]
-Why timing the market will do you more harm than good. Hindsight is always 20/20. [11:04]
-Getting into the "hot" stocks of the day is a bandwagon every beginner investors should avoid. [13:34]
-Panic selling shows more of your understanding of the business itself than the market. [16:15]
-Buying solely because of the dividend yield is a trap. [20:05]
-Watching too much financial news must be avoided like a plague. [22:40]
-Following and buying the same stocks as what an online "guru" recommends. [27:23]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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| IFB278: How to Deal with Macro Issues | 15 May 2023 | 00:41:09 | |
Welcome to the Investing for Beginners podcast! In today's episode we will be discussing about the doom and gloom surrounding the market and how to deal with it as an investor. How can you filter the noise? Dave and Andrew discussed interesting points on how they cope themselves so listen on!
Timestamps of the episode:
-How to deal with the current economic environment impacting your investments. [01:55]
-What macro really means and to what degree should you care about it. [04:13]
-Why timing the market is impossible. [06:33]
-The fastest way to grow wealth is to go slow- dollar cost averaging. [12:40]
-Can we reliably predict if we are really in a recession? [15:02]
-Understanding the businesses you're invested in helps you weather any economic storm. [18:45]
-How Andrew and Dave deals with the current macro environment and how it affects their investing decisions. [24:37]
-Circle of competence will help you hold on tight in right businesses. Dave takes a bite on Visa as an example. [32:00]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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| Bird's Eye View of the Balance Sheet | 11 May 2023 | 00:35:29 | |
Welcome to the Investing for Beginners podcast! Today's episode will be another bird's eye view of the last main segment of an annual report or 10k which is the balance sheet! Looked upon as the most boring section among the three but there is more than meets the eye! Listen on as we discussed how important it is and how it drives the value of a business forward.
Timestamps of the episodes:
-Why should you care about the balance sheet in the first place? [02:13]
-Terms to note in looking at a company's balance sheet. [04:04]
-Assets and liquidity go hand in hand. [06:36]
-How everything balances out in the balance sheet and why it can be confusing at first. [13:20]
-Two things investor should focus on the most in reading a balance sheet. [17:27]
-Three ways businesses drive value using their balance sheet. [23:17]
-The best balance sheet among the three businesses discussed. Spoiler alert: its a fruit. [25:25]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Book mentioned in the show- Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports by Thomas Ittelson
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| IFB277: Defining Apple’s Moat By Looking at the Components | 08 May 2023 | 00:24:08 | |
Welcome to the Investing for Beginners podcast! In today's episode, we will discuss what a "moat" means for businesses and why you should take note of it. Listen on as we breakdown to you different kinds of moats and how it protects a business from its competitors!
Timestamps of the episode:
-What is a "moat" and how it relates to a business like Apple. [02:15]
-Identifying what makes a moat and how it protects a business from competitors. [03:45]
-How the stickiness of a moat further protects a business from competition. [08:00]
-The essence of network effects in a moat- the more the better it becomes! [10:13]
-Why economies of scale becomes better the larger a company is. [13:05]
-How proprietary technologies strengthens existing moats and drives more value to the business. [15:15]
-What price you pay still matters in the end no matter how great a moat a business has. [18:41]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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| Bird's Eye View of the Cash Flow Statement | 04 May 2023 | 00:43:55 | |
Welcome to the Investing for Beginners podcast! Today's episode will be another bird's eye view of one of the most important part of 10ks: cash flow statement! We will breakdown for you each part and how it impacts the business as a whole so listen on! Disclaimer: We highly recommend you listen first to the bird's eye view of income statement to make it easier!
Timestamps of the episode:
-Why would you care about the cash flow statement? [01:55]
-Talking about depreciation and amortization and how it relates in running a business. [03:00]
-Important thing to note in a cash flow statement. [07:38]
-The three main parts of the cash flow statement and how it relates to each other. [09:22]
-Cash from operations: the place where money from the business branches out. [11:55]
-Discussing about Capex- capital expenditures: the warm blood that keeps the business going. [24:33]
-Understanding the cash flow statement is understanding the capital allocation of a business. [28:55]
-Last thoughts in this important part of the financial statement. [35:00]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
Today's show is sponsored by Rent to Retirement
Rent To retirement offers fully turnkey properties that are newly built or renovated, leased & professionally managed, allowing you to invest with confidence out of state. They have single family, multi-family, new build & syndication opportunities across multiple markets. Rent To Retirement assists investors in learning how to build a comprehensive business plan with the best investment & tax strategies to achieve financial freedom through real estate investing!
To learn more, visit RentToRetirement.com/BEGINNERS. That's Rent T-O Retirement.com/BEGINNERS. Or call 800.311.6781 that's 800.311.6781 to learn more about how you can get started investing in some of the best cash flow markets today
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| IFB276: Day One As An Investor | 01 May 2023 | 00:32:20 | |
Welcome to the Investing for Beginners podcast! Today's episode will be a day zero! Just like Jeff Bezos like to say about Amazon on being always on day 1, this episode will be the day zero for beginner investors! Listen on as we talk about how to kick start your journey into investing!
Timestamps of the episode:
-The easiest steps beginner investors can do to start. [02:40]
-Accounts you would want to open and optimize light in the beginning. [06:08]
-Index funds and ETFs are your gateway drug to investing. [09:25]
-Common pitfalls of beginner investors. [12:09]
-The optimizer heavy: stock picking. [19:00]
-The importance of having an inner scorecard and how it will help you stay in the game. [23:28]
-10ks or the financial statement: the most important resource for stock pickers. [25:28]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
Today's show is sponsored by Rent to Retirement
Rent To retirement offers fully turnkey properties that are newly built or renovated, leased & professionally managed, allowing you to invest with confidence out of state. They have single family, multi-family, new build & syndication opportunities across multiple markets. Rent To Retirement assists investors in learning how to build a comprehensive business plan with the best investment & tax strategies to achieve financial freedom through real estate investing!
To learn more, visit RentToRetirement.com/BEGINNERS. That's Rent T-O Retirement.com/BEGINNERS. Or call 800.311.6781 that's 800.311.6781 to learn more about how you can get started investing in some of the best cash flow markets today
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| Back to Basics: All About Moats | 11 Jul 2024 | 00:36:05 | |
Welcome to "The Investing For Beginners Podcast"! In today's episode, hosts Dave and Andrew explore competitive advantages and business moats. They discuss strategies of Costco, Amazon, and Microsoft Azure, examine switching costs with banks and Intuit, and highlight intangible assets using Starbucks and Coca-Cola as examples of brand power.
00:00 Stock pickers may ignore moats; long-term investors need them.
04:55 Economies of scale drive business profitability, efficiency.
07:07 Costco's scale economy share drives customer loyalty.
10:03 Different kinds of moats create competitive advantage.
13:12 Jack Henry provides essential banking infrastructure software.
17:17 Brand power key to company success, examples.
19:56 Network effect: Value grows as users increase.
24:17 Texas Instruments scales production, offers low-cost products.
28:21 Consider price and longevity when investing wisely.
29:28 Markets change, nothing lasts forever, historical evidence.
Today's show is sponsored by:
Go to shipstation.com and use code INVESTING to sign up for your FREE 60-day trial.
Go to monarchmoney.com/BEGINNERS for an extended 30 day free trial!
Find great investments at Value Spotlight
Have questions? Send them to newsletter@einvestingforbeginners.com
DCF Demystified Link
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| Bird's Eye View of the Income Statement | 27 Apr 2023 | 00:46:18 | |
Welcome to the Investing for Beginners podcast! In today's episode, we will take a stab on the income statement, the first part of the three you can read in an annual report or 10ks. This will be a lengthy episode but we promise you it will be a fruitful one! Now listen on as we breakdown to you each line item of the income statement. Let's go!
Timestamps of the episode:
-Why does the income statement matter? But first diving into what a financial statement really is [02:00]
-What is an income statement and how it is structured? [05:18]
-Taking a bite on revenues, what is it and what it means with Apple, Starbucks and Netflix as an example. [09:28]
-Shifting to earnings as to what they are and how it differs to revenues. [16:56]
-What to look for in revenues and making sense its breakdowns. [21:58]
-Operating income/expenses, the pure profit of a business. [27:42]
-Interest income/expenses, the boon for companies with heavy debt. [35:40]
-How to process a lot of this information as a beginner investor. [39:00]
Note: Timestamps may differ and are approximate, depending on your podcast player.
www.surveymonkey.com/r/airwave.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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BEV-Income-StatementDownload
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| IFB275: Listener Q&A Concerning Buildng a Portfolio and Maximizing Your 401k | 24 Apr 2023 | 00:36:14 | |
Welcome to the Investing for Beginners podcast! Today's episode will be about a series of superb questions from one of our beloved listeners that we came to know! Listen on as we talk a lot about portfolio construction- how to build it up and make it suit the best to your own.
Timestamps of the episode:
-How to structure and build up your stock portfolio. Spoiler: There is no hard and fast rule. [02:12]
-Basic principles to follow in building your portfolio. [07:25]
-What's the best way to approach each weighting of a stock in a portfolio. [10:18]
-Is there an optimal number of weighting size in portfolio allocation? [15:35]
-Mean reversion and doing a lot more activity than one should be. [20:28]
-What are closed end funds and would it be beneficial to your portfolio? [26:00]
Note: Timestamps may differ and are approximate, depending on your podcast player.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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IFB275-Listener-QADownload
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| Bird's Eye View of Dividends | 20 Apr 2023 | 00:30:23 | |
Welcome to the Investing for Beginners podcast! Today's episode will all about be dividends! For sure every one wants to receive cash from their hard earned money and dividends is one of those way! Listen on as we discuss about it, everything from what it really is, the perils and the metrics to use.
Timestamps of the episode:
-What dividends really are and why it compounds best. [02:22]
-Where to find dividends' information on financial statement. [04:35]
-Why do different companies pay varying amounts of dividends or none at all. [07:10]
-How a life cycle of a business determines how much dividends it pays. [10:08]
-Metrics and ratios to know in exploring dividends. [14:00]
-How the maturity of a business affect the dividend yield. [21:00]
-The power and beauty of compounding dividends. [23:35]
Note: Timestamps may differ and are approximate, depending on your podcast player.
Here is the link for the listener survey mentioned in the show: www.surveymonkey.com/r/airwave.
For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com
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Birds-Eye-View-of-DividendsDownload
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