Kate & Owen's Worst Investing & Money Mistakes
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What are the biggest investing mistakes shared by Kate and Owen?
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Welcome to the Australian Finance Podcast, a podcast for people who want to learn more about their personal finances and get the most from their money. This series is hosted by Kate Campbell from HowToMoney and Owen Rascovitch from Rask Finance.
The Australian Finance Podcast is provided for educational purposes only. The information is general in nature and does not take into account your needs, goals or objectives. What that means is the information does not apply to you specifically. So consider getting the advice of a licensed and trusted professional before acting on the information. Kate, welcome to this episode of the Australian Finance Podcast.
where we're dishing the dirt on our biggest investing and money mistakes.
Oh, wonderful. As you can expect, this is an episode about humility and just being candid.
And owning it.
Yes, just owning it and telling you that we're not perfect and probably no one else is either. Hopefully you can, I don't know, find some comfort in our loss and maybe even bring up some of your own. So if you're willing to recite some of them and share them with us, you can hit us up at podcast at raskfinance.com.
Yeah, and it's definitely good to make your own mistakes and learn from them, but it's even better to learn from the mistakes of others and not repeat it yourself.
Yes, I like that. It sounds very smart.
Yes. So without further ado, here are our biggest investing and money mistakes.
Ah, there we go. Okay, we're on the other side of that jingle.
Owen's trying his new sound effects. New sound effects.
So it seemed to be working okay. Hopefully the button worked. Okay, so why don't we go I'll go, you go kind of thing. Okay. So I'll start off with some share investing mistakes that I made. I bought shares in Slater and Gordon. This is a law firm. It went from like $2, which is when I bought it, to like $7, at which point I bought some for my family. And then it's now promptly back to like less than 50 cents. So that sucked. And I lost a lot of money from that. That was my biggest in my family's money. It was the biggest dollar value loss I've ever had. And the reason it came undone was some weird accounting treatment I won't go into on this podcast. But if you want to know it, you can find me on Twitter and I'll explain it to you.
Another one I bought was a company called Nusa. And this company was that sounds too good to be true. It definitely is. This company wanted to put satellites into space. And it wanted to sell the satellite bandwidth to telcos in the military in the Middle East and all that sort of stuff.
Sounds like a really niche market.
Yeah, very high risk, as I found out.
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