Michael Kemp - The Ulysses Contract | Avoiding the rocks of investing under-performance

Michael Kemp - The Ulysses Contract | Avoiding the rocks of investing under-performance

What does an epic poem written around 700BC tell us about investing? How are investors tempted to steer their money onto the rocks of investing underperformance? My guest is Michael Kemp, author of The Ulysses Contract. There's plenty of great lessons in this interview & much more in the book. There's a lot to avoid but as Michael says:

"Don't be discouraged by all the negative arguments I'm putting forth. I don't believe you need to become a champion to become a really good investor. Market returns are fantastic returns as long as you achieve them. Don't try and shoot for the stars cuz you're probably full flat on your face. But if you accept that you're gonna be delivered market returns and you are patient, then market returns can be spectacular returns given the power of compounding."


Blog post available at: https://www.stocksforbeginners.net/blog/ulysses

Phil's Linktree: https://linktr.ee/phil_muscatello


There’s a million ways to invest in stocks. It can be confusing, stressful and costly. But, by following a few simple rules, you can avoid many common investment traps and unwanted anxiety. What if you were able to follow 7 advisers, 7 principles and 7 monthly stock picks on your own terms, with better returns, using your own personal style. 7investing are there for you. They want to invest for the long haul, in great companies with great leaders who can compound capital for years.


7investing are pleased to offer listeners of this podcast a free trial for a week and 33% of the annual price if you sign up using the promo code stocksforbeginners. Believe me this is solid research from experienced advisers who live and breath the markets. So go to https://7investing.com/ and use the promo code stocksforbeginners to get your absolutely free trial and 33% discount on the annual premium plan.


Stocks for Beginners is a production of Finpods Pty Ltd. The advice shared on Stocks for Beginners is general in nature and does not consider your individual circumstances. Stocks for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.

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Doug Morris - Sharesight on-line portfolio tracking

Doug Morris - Sharesight on-line portfolio tracking

I had a great time chatting with Doug from Sharesight. He's a nice guy and I love using Sharesight myself. It may sound boring but record-keeping is important in share investing and it also gives you insights that can make you a more profitable investor. We cover a range of topics including:The history of Sharesight and how it worksHis previous career at Morningstar and an insight into analysisBenchmarking your portfolio against a broader market indexThe tax treatment of ETFS and those gnarly statementsReducing costsAnnualised performance and how this can help your investingLink to the blog post:https://www.stocksforbeginners.net/blog/sharesightPortfolio tracker Sharesight tracks your trades, shows your true performance, and saves you time and money at tax time. Get 4 months free at https://www.sharesight.com/au/sharesforbeginnersDisclosure: The links provided are affiliate links. I will be paid a commission if you use these link to make a purchase. You will also usually receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they’re offering something of value. Stocks for Beginners is for information and educational purposes only. It isn’t financial advice, and you shouldn’t buy or sell any investments based on what you’ve heard here. Any opinion or commentary is the view of the speaker only not Stocks for Beginners. This podcast doesn’t replace professional advice regarding your personal financial needs, circumstances or current situation. Hosted on Acast. See acast.com/privacy for more information.

18 Maj 202035min

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