I get asked a lot about investing.
This is mostly due to start-up investing and the hoopla around it, but I’ve expanded my experiments to late-stage deals, real estate, and more. So far, my startup bets are 10x+ more successful (on paper) than my publishing career. Based on cashed-out positions, they’re still several times more successful. I’ve had a lucky stretch.
By no means am I an elite investor, but I’ve borrowed from elite investors since 2007. I’m incredibly fortunate that amazing people have been very generous with their time. Thank you, all!
In this short podcast episode, I’ll explain the five (or so) steps I took to become a better investor, starting at ground zero.
Caveat emptor: I am NOT a financial advisor, and none of this advice should be taken without speaking to a qualified professional first. Also, my results could be due to pure luck and zero skill. M’kay? M’kay.
The episode’s only 40 minutes long, despite it saying 2 hours. If the below player doesn’t work, just click here.
QUESTION(S) OF THE DAY: Hope you enjoy, and please let me know in the comments if you’d like more of this. Or what you’d like more of. Please correct me if I made mistakes in this episode!
Related reading that I mention in the audio:
This podcast is also brought to you by Wealthfront. Wealthfront is a massively disruptive (in a good way) set-it-and-forget-it investing service, led by technologists from places like Apple and world-famous investors. It has exploded in popularity in the last 2 years and now has more than $2.5B under management. In fact, some of my good investor friends in Silicon Valley have millions of their own money in Wealthfront. Why? Because you can get services previously limited to the ultra-wealthy and only pay pennies on the dollar for them, and it’s all through smarter software instead of retail locations and bloated sales teams.
Check out wealthfront.com/tim, take their risk assessment quiz, which only takes 2-5 minutes, and they’ll show you—for free–exactly the portfolio they’d put you in. If you want to just take their advice and do it yourself, you can. Or, as I would, you can set it and forget it. Well worth a few minutes: wealthfront.com/tim.
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The Tim Ferriss Show is one of the most popular podcasts in the world with more than 800 million downloads. It has been selected for "Best of Apple Podcasts" three times, it is often the #1 interview podcast across all of Apple Podcasts, and it's been ranked #1 out of 400,000+ podcasts on many occasions. To listen to any of the past episodes for free, check out this page.