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Basics: Forget Stock Picking

HOSTS Alec Renehan & Bryce Leske|16 September, 2018

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With our live shows done, we wanted to discuss a theme that came up over and over again in our listener Q&A and conversations afterwards. It’s a question both of us had when we started investing and it is one that can lead a lot of people to put investing in the ‘too hard’ basket. That question is – how do I pick the perfect stock? It’s a question that professional investors struggle to answer – even Warren Buffett had his IBM moment. Importantly, it is one that can get new investors lost in a sea of jargon, ratios and charts. So in this episode we explain why new investors should forget stock picking and explain how achieving market average returns over a long time period is all you need. In this episode you will learn: • Why stock picking is the wrong focus for new investors • The three things that investors should focus on instead – reducing the costs you can control, diversifying and asset allocation • How both of us think about stock picking v market average returns Stocks and Resources Discussed: • The Economist – Fund managers rarely outperform the market for long • Slater and Gordon (ASX: SGH) • A2 Milk (ASX: A2M) • Bellamy’s (ASX: BAL)

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All information in this podcast is for education and entertainment purposes only. Equity Mates gives listeners access to information and educational content provided by a range of financial services professionals. It is not intended as a substitute for professional finance, legal or tax advice. 

The hosts of Equity Mates Investing Podcast are not financial professionals and are not aware of your personal financial circumstances. Equity Mates Media does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given.

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Meet your hosts

  • Alec Renehan

    Alec Renehan

    Equity Mates Co-Founder

    Alec developed an interest in investing after realising he was spending all that he was earning. Investing became his form of 'forced saving'. While his first investment, Slater and Gordon (SGH), was a resounding failure, he learnt a lot from that experience. He hopes to share those lessons amongst others through the podcast and help people realise that if he can make money investing, anyone can.
  • Bryce Leske

    Bryce Leske

    Equity Mates Co-Founder

    Bryce has had an interest in the stock market since his parents encouraged him to save 50c a fortnight from the age of 5. Once he had saved $500 he bought his first stock - BKI - a Listed Investment Company (LIC), and since then hasn't stopped. He hopes that Equity Mates can help make investing understandable and accessible. He loves the Essendon Football Club, and lives in Sydney.
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