Manage episode 287689622 series 2342556
There are two types of investors. Those who cannot time the market, and those that know they can’t. Join Mark today as he discusses why serious investors should not focus on the short term profits their shares can make and why looking long term is more beneficial. Mark also shares his thoughts on Gamestop, Bitcoin and market predictions.
- The internet has changed the way of investment in the sense that it has managed to group people together to help them learn about investment. Platforms like Reddit have created increased, co-ordinated effort from smaller investors who are investing in things on a very short term basis. They are effectively day trading.
- When you buy shares you should be looking to have them for at least 5-10 years. You should aim to invest in something that you believe in and that is fundamentally a good company. This is because, even if the company takes a long time to be viewed as a worthy investment, it is one that you have confidence in and where the market will come to recognise the value of that business.
- It is not advisable to invest a lot of your net worth into Bitcoin. This is because it is a very high risk strategy with huge girations. The technology behind Bitcoin is supposedly very secure but it is encrypted. It is not beyond the realms of imagination that Bitcoin could get hacked.
- Many of the people that are investing in Bitcoin have a very superficial understanding of it. Nobody can predict whether it is going to go up or down. People are wanting to time a market that is not timeable. There is not an individual who can predict the short term movements of this stuff.
- Those who are serious about investing should not focus on the short term movements of stock. They should instead, be focusing on the medium to long term results. Good and clever investors can make good and informed predictions. There are two types of investors, those who cannot time the market and those who know they can't.
“I didn't realise that Reddit would have this much of an impact.”
“There are going to be winners, and there are going to be losers”
“There is no intrinsic value, which is not great.”
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
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