Daniel Schwartz – Take the Emotion Out of Investing My Worst Investment Ever Podcast

Daniel Schwartz is an author, senior executive and investor in sales, marketing, business development and management, with extensive contacts and relationships throughout Asia in many industries, through the intense networking and relationship-building he’s been doing over the past 20 years. As a co-founder of 3TNetworks, members and customers are empowered to build their wealth in both traditional and the emerging cryptocurrency arenas. His 3T networks is a phenomenal business opportunity for people want to learn and grow. 3T focuses on financial education in both cryptocurrency and forex product development, ICO consulting (an Initial Coin Offering [ICO] is the cryptocurrency equivalent to an initial public offering [IPO]), Bitcoin over-the-counter activities and personal development products and training to help customers and members grow. He personally has significant experience in training, selling and networking. Dan has developed seminars in all three of those areas as well as MC’d for international speakers and hosted a monthly news segment on Channel 3 TV Thailand.
“I like to talk about winning and learning, not winning and losing and take the emotion out. And if you really want to do your own trading and your own investing, do the research, get the information from experts.”
– Daniel Schwartz
Worst investment ever
Daniel had some friends who were making a lot of money working in the investment research advisory business for specialist companies who promoted penny stocks. They would receive commissions on when and how many stocks were bought. One of his friends would call him and say: “Hey, Dan, take a look at this company.” Daniel would read the very brief reports and buy around US$1,000 of stock at a time based on the little information provided and the recommendation of this friend.He doesn’t remember any of the company names because he feels that the brain likes to block out bad memories. Sometimes he would win, sometimes the prices would be stable, and sometimes he lost it all. It was an interesting experience, but he likens it more to gambling, because he didn’t really know what he was doing. On all those investments, he lost up to US$40,000 but he learned a lot. He says it was a very bad idea from the point of view of an investment decision to be playing around with penny stocks put forward by people who were earning commissions.
Some lessons learned
It is a very bad investment idea to trade in penny stocks. Especially when such stocks are promoted by people earning commissions. Trading is best left to the experts and other people. Know your own personality profile. Best Through that you can know also what kind of investing you should do, and in which types of business or professions suit you. Stay away from the hype. Greed is not good. Wise people talk about the idea that the time to be fearful is when others are greedy or the time to be greedy is when others are fearful. Suffice to say, greed comes with it an emotional response, and that is not something carried out by the logical part of the brain. If something seems too good to be true, it probably is. Go with experts with verifiable track records that you can look at yourself and read the material. If talking about trading, go with someone who has a verifiable positive track record. Remember to check experts’ record also in a down market. Always remember – past performance is never a guarantee of future results. No one can predict the future and...