Kanit Nimmalairat – Don’t Go All-in on a Stock

BIO: Kanit Nimmalairat is the owner of the YouTube channel and Facebook Naiwaen Investment, with over 200,000 followers.STORY: When Kanit started investing, he made his worst investment ever when he went all-in on one commodity stock. The stock was selling at 34 baht, but the price plummeted to 7 baht. Kanit made a 100% loss on that investment.LEARNING: Educate yourself on value investing. Have an investment principle. Consider a stop-loss, especially if you’re new to investing. “Don’t go all in. Instead, build your investment position as you get better at investing.”Kanit Nimmalairat Guest profileKanit Nimmalairat or นายแว่นลงทุน (Nai-waen-long-thun/investment) is the owner of the YouTube channel and Facebook page นายแว่น ลงทุน - Naiwaen Investment with over 200,000 followers. He is also a full-time investor who is a master of investing in VI stocks and has various online courses on how to invest and gain financial freedom.Worst investment everWhen Kanit started investing, he made his worst investment ever when he went all-in on one commodity stock. The stock was selling at 34 baht, but the price plummeted to 7 baht. Needless to say, Kanit made a massive loss on that investment.Lessons learnedEducate yourself on value investing and have an investment principle before entering any investment.Don’t go all-in on a stock.Andrew’s takeawaysCommodities are very volatile, and only consider investing in them when you’re in an inflationary environment for that particular product or commodities in general.Never invest in commodities for long-term gain.Consider a stop-loss, especially if you’re new to investing.Actionable adviceBuild a valuable investment principle. Don’t go all in; instead, build your position as you get better at investing.No.1 goal for the next 12 monthsKanit’s goal for the next 12 months is to grow his investment portfolio and also increase his Facebook and YouTube followers.Parting words “You can build your financial independence by 2030.”Kanit Nimmalairat [spp-transcript] Connect with Kanit NimmalairatFacebookYouTubeAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast