How to invest in single stocks (but why you probably shouldn’t)

Most people shouldn’t invest in single stocks - they’d be better off investing in index funds - but that doesn’t stop a lot of people trying. That’s the view of Sasha Yanshin, YouTuber, Damo’s friend and nemesis - and it’s Damo’s view too. Despite that, Sasha does invest in individual companies and Damo does keep up to 10% of his allocation for investing in specific stocks (because he enjoys it). In this episode, Sasha explains his process, as well as some best practices in case you want to chance your arm. But please be mindful of the risks and consider capping your exposure if it is something you want to try. 💬 Do you have a money story you'd like to share on the podcast? ⁠⁠https://makingmoney.email/listener-story-form 🤝 Want 1:1 financial help from us? Answer a few questions to find the right service & book free call: ⁠https://getmost.typeform.com/pod-episodes⁠ 🎉 Sponsors Vanta - Get your company secure and compliant: ⁠⁠https://vanta.com/makingmoney⁠ Tide - Get up to 4% AER variable with their Instant Saver Account: ⁠https://www.tide.co/offers/makingmoney⁠ New Tide members get these rates free for 4 months, after which your Tide plan’s rates apply. For full details visit https://www.tide.co/makingmoney/.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ -- If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.