Position – My Worst Investment Ever https://myworstinvestmentever.com Stories of loss to keep you winning Fri, 03 Dec 2021 03:25:55 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.15 https://myworstinvestmentever.com/wp-content/uploads/2019/09/cropped-Podcast-Art-32x32.jpg Position – My Worst Investment Ever https://myworstinvestmentever.com 32 32 Ep2: Ashraf Bava – Research Before Investing to Reduce Investment Portfolio Risk https://myworstinvestmentever.com/ep2-ashraf-bava-research-before-investing-to-reduce-investment-portfolio-risk/ https://myworstinvestmentever.com/ep2-ashraf-bava-research-before-investing-to-reduce-investment-portfolio-risk/#respond Wed, 22 Aug 2018 23:56:13 +0000 https://myworstinvestmentever.com/?p=1739 In this episode, Ashraf shares his painful stock equities investment story because of his overconfidence and inadequate portfolio approach.

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Guest profile

Ashraf Bava is currently the Chief Executive at Nael Capital (Pvt.) Limited and a Director at the Institute of Capital Market in Pakistan. Also, he is the current President of the CFA Society in Pakistan, and a Securities and Exchange Commission of Pakistan (SECP) nominated director.

Ashraf Bava holds both MBA and CFA degrees and started his career as Chief Security Officer (CSO) at Mobilink in 1995. He joined Elixir Securities in Equity Sales, was promoted to the position of Head of Sales in 2004, and eventually became CEO in November 2005. He joined Nael Capital in 2009. During his career, he was also a consultant at the World Bank Group.

In this episode, Ashraf shares his painful stock equities investment story because of his overconfidence and inadequate portfolio approach.

 

“Whatever you invest in, whether it is a stock trade or real estate whatever, just study, read. You have to read. You cannot go blindly into anything without any research.”

Ashraf Bava

Topics Covered:

00:42 – Ashraf’s professional and investment background

02:06 – Ashraf describes his level of investing experience

02:54 – Ashraf describes the circumstances that led him to invest in Attock Refinery Ltd.

03:30 – Ashraf’s overconfidence which made him overlook the risk factors of his trades

03:50 – Investing 80% of his portfolio in one particular stock

04:27 – Attock Refinery stock’s performance when Ashraf entered

05:49 – Volatility of his stock pick and how wiped up his profits from his 2 years of stock market trading

09:55 – Ashraf’s Takeaways from his investment experience

11:39 – Andrew summarizes the critical learning point from Ashraf’s experience

15:14 – Ashraf’s actionable advice to help listeners protect their investment: Read and consider investing long-term.

Main Takeaways:

  • Lesson 1: It is important to have a proper portfolio approach. Your portfolio should meet your future capital requirements and give you peace of mind while doing so.
  • Lesson 2: Make an investment research before investing in any venture. Read reports about the particular industry you are investing in for example about the international oil prices and what the stocks broker is telling that particular stock.
  • Lesson 3: Get insights into the particular investment that you are making. It is important to stay cool, calm and collected when trading.
  • Lesson 4: Always cut your losses short. Cutting losses quickly prevent you from suffering a devastating fall that’s too steep to recover from.

Connect with Ashraf Bava:

Andrew’s books

Andrew’s online programs

Connect with Andrew Stotz:

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]]> https://myworstinvestmentever.com/ep2-ashraf-bava-research-before-investing-to-reduce-investment-portfolio-risk/feed/ 0 Ep1: Bill Lewis – Importance of Knowing Product-Market Fit Before Making Any Financial Investment https://myworstinvestmentever.com/ep1-bill-lewis-importance-of-knowing-product-market-fit-before-making-any-financial-investment/ https://myworstinvestmentever.com/ep1-bill-lewis-importance-of-knowing-product-market-fit-before-making-any-financial-investment/#respond Tue, 21 Aug 2018 23:45:00 +0000 https://myworstinvestmentever.com/?p=1735 In this episode, Bill shares his painful investment story of loss and his takeaways from the experience. You may relate to his story, or have lived one of them, but most importantly learn from it.

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Guest profile

Bill Lewis is the founder and leader of Linacre Digital Media. He holds a degree in Business Strategy, Leadership and Merger, Acquisition and Operations Strategy and Globalization from Harvard Business School. He started his career as a Senior Financial Analyst at Forbes Europe Division. Throughout his career, he worked for more than a dozen companies including KPMG, British Airways and was the co-founder of Temasys Communications. Born as a technologist he has evolved into a leader and boardroom titan. He has helped many entrepreneurial businesses including some Fortune 200 companies.

In this episode, Bill shares his painful investment story of loss and his takeaways from the experience. You may relate to his story, or have lived one of them, but most importantly learn from it.

 

“Find a way of getting a hands-on exposure to a new business model and a new business environment before you commit financial investment.”

Bill Lewis

 

Topics Covered:

00:57 – Bill’s entrepreneurial and investment background

02:44 – Bill describes the circumstances that led him to his worst investment ever

04:08 – Bill shares his worst investment story

05:44 – Qualities of the American company that Bill invested in

06:20 – Type of investment Bill made

07:35 – Why product-market fit is so important

08:10 – Signs of failure and how he knew the business is not working out

09:08 – 3 Takeaways from Bill’s investment experience and his actionable advice

11:39 – Andrew summarizes the critical learning point from Bills experience

13:33 – the Crash of 2008: Chapter 2 of investment failure for Bill

15:28 – Andrew shares the CFA’s standard of ethics

Main Takeaways:

  • Lesson 1: Find a way of getting a hands-on exposure to a new business model and a new business environment before you commit financial investment.
  • Lesson 2: If you are going to enter into a commercial agreement with someone who allegedly has the product and the experience, you need to make sure that they have some skin in the game.
  • Lesson 3: Have a committed and loyal staff. Employees are so much more than paid workers – they are ambassadors for your brand and everything that your business stands for. As members of your company, they must be acquainted with the products or services that you offer.

Connect with Bill Lewis:

Andrew’s books

Andrew’s online programs

Connect with Andrew Stotz:

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