Episode 32: The Freedom Trader with Terry Tran

How to safely build lasting wealth through solid investing strategies.

Show Notes:
Terry Tran’s explaining what freedom is. [1:41]
Terry Tran’s sharing his life story. [2:43]
Terry’s story of giving back. [9:12]
What is Freedom Trader? [12:47]
Couple of benefits in teaching business owners how to start investing properly & safely. [14:10]
Strategy as a startup in investing to stock. [16:46]
Crash course on investing. [19:14]
10 step guide checklist to choose the best stock. [21:07]
The important thing in stock. [22:42]
Investment ideas; invest internationally. [24:15]
Terry’s opinion on Franklin credits looming crisis. [24:45]
Australian companies that goes global. [26:16]
Where would Terry invest? [27:37]
Acceptable return on investment. [28:50]
Sophisticated investors. [30:20]
Opinion on Crypto currencies. [34:09]
Difference between Crypto currency and Blockchain. [34:44]
Opinion on Barefoot investor. [36:59]
Best attributes of good investor. [40:58]
Terry’s explaining the concept in how investing can help to improve business. [43:07]
Terry’s hero. [48:49]

Follow Terry Tran:
Website – http://terrytran.com
LinkedIn – https://www.linkedin.com/in/terrytranlinkedin/

Follow The Freedom Trader:
Website – www.thefreedomtrader.com
Facebook – https://www.facebook.com/TheFreedomTrader/?ref=br_rs
Instagram – https://www.instagram.com/thefreedomtrader/
Youtube channel – https://www.youtube.com/channel/UCP28tSvh4OkrZ87O1DHoaxQ
Twitter – https://twitter.com/aFreedomTrader

TRANSCRIPT: DOWNLOAD  

Episode 32: The Freedom Trader with Terry Tran

Terry Tran 0:00
We stepped in the middle the night just avoid being caught because if you were caught you would get into a quite a fair bit of trouble, but our boat unlucky were actually lost out to sea for about three days. So we were just floating around the ocean not knowing exactly where we’re going. But then what the bad thing was because it was an 18 meter tug and with 300 plus people, it was just too heavy, and it will slowly sinking.

Narrator 0:24
Welcome to the Unfair Advantage Project. Unique perspectives practical insights and unexpected discoveries directly focused on giving you the unfair advantage. Introducing your hosts Nadia Hughes and Terence Toh.

Terence Toh 0:43
Welcome to the Unfair Advantage Project. I’m Terence Toh from StrategiQ Corporation. I have my co host.

Nadia Hughes 0:50
My name is Nadia Hughes and I’m from Unfair Advantage Accounting.

Terence Toh 0:54
How are you today, Nadia? Cutting off well.

Nadia Hughes 1:00
Yes, I am really good. Thank you.

Terence Toh 1:02
Really good?

Nadia Hughes 1:03
I am sitting in front of Terry and I think it’s going to be really good banter.

Terence Toh 1:09
Okay, awesome. So today, we’re joined by friend of mine, Terry Tran. He’s an investment and trading mentor and he’s from the Freedom Trader. Terry, welcome. Thanks for joining us.

Terry Tran 1:23
And thank you for having me.

Terence Toh 1:24
Yeah, this is gonna be fun. So we had a little bit of pre conversation before the podcast and our

Nadia Hughes 1:29
And I’m just straight away going to attack him.

Terence Toh 1:32
Go.

Nadia Hughes 1:33
Freedom trader? The slavery, as far as I know, has been abolished long time ago. So you trading freedom. To whom are you trading freedom to?

Terry Tran 1:41
I believe in freedom. I think you know the word when I say the word freedom, right? It applies to not just freedom of a lot of people think freedom is just financial and money. But for me, when I say I’m a trader investor, there’s really one purpose. For me trading, investing is just a vehicle to allow you to have freedom of not just freedom of money. Is money yes, that’s very important so its freedom of money. Then secondly, freedom of time, because you have been have time for your kids, for your family, even fun time for yourself, just do something you know, for yourself. And then they are especially also the last freedom I believe is extremely important is freedom of experiences. Because I think life should be full of experiences and full of adventure. And if you don’t have all three, I think life is still unfulfilled. But if you have all three life just hums along and you actually, you know, really enjoy life and extremely happy about it.

Nadia Hughes 2:30
You know? So yeah, we’ll just pick on you. It’s nice it in now. Your background, you are Vietnamese. Sorry, you are from Vietnam, but you are Chinese really?

Terry Tran 2:41
Correct.

Nadia Hughes 2:42
Please explain it to me.

Terry Tran 2:43
Yes. Yeah. So I was born in Vietnam but my background is Chinese because my grandfather was from China who escaped the Japanese war, back in his time, and then he ran over to Vietnam. So my family in a way has been sort of escaping war after war and after the Vietnam War, when the communism took everything, our family were basically we’re starving. So we had to escape and with my father who owned a fleet of trucks as a business, he is pretty much all the trucks were taken away from the by the communists. And we had no money left, except for the one truck which he sold into gold bars. And then that gold bar, I guess another sandbar was an exchange for a ticket for our family to escape by boat from Vietnam back in the late 70’s.

Nadia Hughes 3:24
And it was quite tragic story, what happened to the boat and you just very lucky to be left. So would you like to continue because we just suddenly gone into your story?

Terry Tran 3:35
Yeah, I mean, we escaped in the middle of night, just avoid being caught. Because if you work what you would get into a quite a fair bit of trouble. But our boat, unlucky, we were actually lost out to sea for about three days. So we were just floating around the ocean not knowing exactly where we’re going. But then what the bad thing was because it was an 18 meter tug and with 300 plus people, it was just too heavy and the boat slowly sinking and also run out of there was actually no food is just water, because of the weight. And slowly as will take on board water, it was very thankful that a cargo ship that spotted us ended up saving us and without that cargo ship. The truth is I probably would not be here today, we would have sunk and the cargo ship in took us to a nearby refugee camp off the coast of Malaysia. And then from there, we were processed and waiting for a country like Australia, Canada or the United States at that time, they’ll open up the doors to accept refugees like ourselves. But then what ended up happening was on one night, it was actually Christmas Eve and because we were in, in basically living in sort of makeshift shelters, there was not a proper roof, a storm hit and a tree came down on are shorter and crushed my father when he was sleeping next, my mom, and then my mom became a widow at the age of 22. Now, of course having to look after me as well as a two year old.

Nadia Hughes 4:47
It’s an absolutely tragic story. Full of despair and 300 people getting to suddenly rescue them, then your father loses his life. It’s you don’t remember in your, do you?

Terry Tran 5:01
I know my mom has always told me the story. And then funny enough how things work out about 20 actually met 15 years ago, there was someone who somehow knew my mother from United States and we got a phone call out of the blue. Saying that we had all these basically a bunch of about 20 30 photos of our boat and the saving of us and also photos of us on the island. And it was this person who was basically taking photos on the cargo ship and somehow got in contact my mother and sent us a package and they all the images of what I was always told about suddenly came real became real because I saw the images of our boat saw my father in the water swimming across because most of the men had to swim across with that with a rope and the children in cargo nets transported just like human cargo onto the ship. So that’s how I sort of saw even though I don’t remember it being told and then seeing the photos every news came to life.

Nadia Hughes 5:54
And then having this beautiful life in Australia this hardworking, you Vietnamese people are known for very work ethics, you’re very hard workers. I had, I was fortunate enough to be working in the office early days when I was a graduate from unit with the guild from Vietnam and after finishing full day of work, she would go back to spring well to help your uncle around the store. It was amazing.

Terry Tran 6:23
Right?

Nadia Hughes 6:24
Weekends everything she was just working and that’s how I.

Terry Tran 6:29
And your story actually reminds me of my mom because when she came over with not pretty much nothing but the the money that we basically the clothing that we had on. And she I saw her, this is when I know I do rem