Risking It All On High-Value Stocks

Episode 83 of the Invest in You podcast, hosted by Fredrik Sandvall, Ivan Sandvall, Charlie Sandvall, titled "Risking It All On High-Value Stocks" was published on December 9, 2019 and runs 15 minutes.

December 9, 2019 ·15m · Invest in You

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Summary

A simple glance in the newspaper will tell you that stocks and shares are the lifeblood of the financial institutions of the world. Fortunes are made and lost on the whims of the market. For some, the stock market is the quickest way to make money, but what are the pitfalls to look out for? And how can you tell when stock prices are at an all-time high? In this week’s show, we talk about the risks and potential benefits of rolling the dice on the stock market, and use the now defunct Boo.com as an example. KEY TAKEAWAYS com was founded in 1998 and was dismantled within two years. They attracted lots of money and had fantastic forecasts. They were, unfortunately, twenty years too early. The price of bitcoin is decided by the market, and if the value falls, this is known as a discount. This can be confusing as discounts traditionally mean that a price has been purposefully reduced in order to sell. Boo’s theory behind its business was sound, it was simply too early. The infrastructure was not yet in place. Logistics realities such as delivery and supply were not as efficient as today. Boo were not just unfortunate in timing. They also spent their venture capital far too quickly on promotion and marketing. BEST MOMENTS ‘You can pretty much buy bitcoin at a 50% discount’ ’The whole industry lost billions of dollars’ ’They need to sell the idea of why their idea is so fantastic' ‘We should teach by having an imaginary portfolio’ ‘Listen to the experts but also take it with a big punch/pint of salt!' VALUABLE RESOURCES Invest In You Podcast ABOUT THE HOST Serial entrepreneur Fredrik Sandvall loves sharing ideas and interviewing world-class entrepreneurs and influencers. Invest in You is about investments, entrepreneurs, personal development and doing fun things. He hopes to ensure you take action, helping others and yourself, plus enjoy the journey we call life. CONTACT METHOD Contact Fredrik Sandvall – Invest in You https://www.linkedin.com/in/sandvall/?originalSubdomain=uk https://sandvallinvest.com/ https://www.facebook.com/FredrikinLondon https://itunes.apple.com/gb/podcast/investing-skills/id1445899547?mt=2