Do you want to learn how to manage your own investments? Are you ready to stop paying investment management fees and start building wealth? The DIY Investing Podcast is dedicated to providing you with the knowledge, skills, and resources you need to be a better investor. Learn how to make investments through the use of fundamental analysis, mental models, and business management insights.
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Investing Goals for 2021
In this episode, I outline my top investing goals for the new year. I aim to identify 2 new companies worth buying and my goal is to attain a 20%+ annual return for 2021. I also cover process-based goals relating to how to go about investing research. Finally, I would like to pass the Series 65 exam so that I can begin managing money for outside clients.
When to Sell Stocks
Many value investors lack a clear strategy on when to sell stocks in their portfolio. This decision ought to be based on opportunity cost, potential investment mistakes, intrinsic value, and return differential between old and new companies.
Investing vs Speculation vs Gambling
An investment is any investment operation that utilizes a margin of safety, provides an adequate return of 10% or more, earns that return from fundamental cash flows, is a positive-sum game, and bounded by a range of prices and terms.
Terminal Value and Why Intrinsic Value grows over time
Terminal Value is the net present value of all future cash flows discounted back to a specific year in the future. Intrinsic value is fixed, but your estimate of intrinsic value will change over time.
In addition, you can evaluate how the intrinsic value of a company has changed over time in the past by calculating the True Historic Value. This value is the intrinsic value at a past date assuming 10% future annualized returns all the way to the present.
The Deflation Myth
The Deflation Myth has been accepted primarily because economists have used false assumptions in their analysis and because debtors, namely world governments, tend to hold massive political and cultural power. It is in their best interest to convince you that deflation is bad so that they can inflate away their debts. Yet, most investors are harmed more by inflation than they would be by deflation.
Don't use Enterprise Value - Here's Why
Be conservative when valuing companies. Don't give managers credit where they don't deserve it. Enterprise value should only be used when companies hold debt. Yet, you should only buy companies with net cash.
Customer ReviewsSee All
Trey does a good job of explaining value investing. This podcast is a great and informative addition to your learning experience of investing in the stock market.
Best investing podcast
This is the best investing podcast in the market.
For those who pursue true understanding
This podcast is a must listen for those seeking to understand investment decisions on a fundamental, first principles level. Trey not only gives you relevant, actionable insights and information, he shows you the math of how he gets to them and in the process thereby teaches you not just what to think but how to think more deeply and make wiser decisions. There are a lot of investing podcasts out there that do nothing but circulate short term news and speculation, most of which turns out to be empty in retrospect. This is not one of them. Earn compound interest on your time: listen to this podcast.