024 - Our Biggest Stock Screw Ups In 2023 And What We Learned From Them

Explicit content warning

12/19/23 • 42 min

Most people avoid their failures because they're painful. Pain sucks, but forcing yourself to asses things will provide a lot of important information to help you learn so you can avoid making the same mistakes in the future.
Our biggest losing stocks in 2023.

CWH we're down 44%
IEP is down 53%
QRTEP was down 15% until the recent rally; now we're up 3.56%
UAN is down 15%
MPW we're down a whopping 40%

What's crazy is that we have been up double digit percents in all of these at some point, but things can change at the drop of a dime with news and sentiment shifts.
If you're using our investing approach, dividends and reinvesting minimizes a good chunk of your losses.
The more you evaluate your failures and hone your process, the better you'll become at investing and the less money you'll lose.
Drop your comments or questions for this episode on one of our posts.

If you're looking for a more detailed summary of this episode, click here.
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**DISCLAIMER**
Ticker metrics change as markets and companies change, so always do your own research. The content in this podcast is based on personal experience and is for educational purposes, not financial advice. See full disclaimer here.

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CWH we're down 44%
IEP is down 53%
QRTEP was down 15% until the recent rally; now we're up 3.56%
UAN is down 15%
MPW we're down a whopping 40%

Text Us 📲

Want FREE weekly market updates, Tim's top 10 dividend picks, and our portfolio updates delivered right to your inbox? Subscribe to our email list.
Stay connected. Follow us on social!

Episode music was created using Loudly.

Previous Episode

023 - More Cognitive Biases That Lead To Investing Mistakes (Part 2)

Human biases are an innate part of us, so we have to learn to navigate them. Otherwise, they'll throw monkey wrenches into your life and definitely your investing and finances.
Awareness is the key to being able to do this. And once you're able to slow down and see what's going on, you'll be able to make much better investing decisions and understand why other people are acting like they are.
In this episode we discuss the remaining biases relative to investing and finance

Regret aversion
Loss aversion
The endowment effect
Anchoring
Hyperbolic discounting

And we'll cover some mental shortcuts that you may be using to save yourself time or effort, but they might be leading you astray.

If you missed part 1 go back and listen to episode 22.
Drop your comments or questions for this episode on one of our posts.

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Next Episode

025 - Our Full Portfolio Unveiled So You Can See Exactly What We're Holding

We've dropped a lot of tickers throughout previous episodes, but curious about what stocks we're actually holding? This episode is the full unveiling of all the different investments that we hold in our portfolios.
And if you prefer a more conservative investing approach, we also cover the assets in Carmela's mom's retirement account. As an added bonus, we show you some other investments that our nomadic friends over at FnA Vanlife hold in their portfolio.
Even though we aren't up much in value, we're up A LOT in dividend income and share quantities, which is what really matters.
There's no way we could share all the tickers here, but here's the link to a spreadsheet with all the tickers.
Drop your comments or questions for this episode on one of our posts.

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Want FREE weekly market updates, Tim's top 10 dividend picks, and our portfolio updates delivered right to your inbox? Subscribe to our email list.
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Episode music was created using Loudly.

Roaming Returns - 024 - Our Biggest Stock Screw Ups In 2023 And What We Learned From Them

Transcript

Welcome to Roaming Returns, a podcast about generating a passive income through investing so that you don't have to wait till retirement to live your passions.
In today's episode we're gonna talk about the epic fails in our portfolio for 2023. We got some doozies. Like we're talking 50 60% losses. You don't usually hear a lot of people talking about their losses, but we're fully open about it and we'll explain why it's not the end of the world and why we're going to hold this. And while we