Mitch Sneddon’s worst investments & what they taught him

In this Australian Investors Podcast episode, your hosts Owen Rask and Mitch Sneddon discuss: Mitch’s worst-ever investment (Fleetwood, ASX:FWD) Why mining services can be dangerous for retail investors Lessons learned from overconfidence and poor diversification Why Rask Invest now focuses on core-satellite ETF portfolios If you love learning about ETFs, risk management, and avoiding classic investing mistakes, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube! Follow us on Instagram and TikTok for more investing insights. Topics Covered Mitch shares the story behind his biggest loss: an 80% drop on Fleetwood How the mining boom masked serious business risks The importance of identifying “price takers” vs “price makers” Why underinvestment in non-core business areas can be fatal The danger of overconfidence and investing without diversification How Mitch uses ETFs today to avoid repeating past mistakes Why Rask Invest portfolios steer clear of individual ASX small caps Investor psychology and the critical need to plan for retirement Tips for retirees on managing risk and staying the course Mitch’s framework for modern portfolio construction Resources for This Episode 📄 Learn More About ETF Investing & Rask Invest: Check out Rask Invest Follow Mitch’s daily investing blogs ~~ Rask Resources ~~ 🔗 Explore all Rask services – https://bit.ly/R-services 📋 Get Financial Planning – https://bit.ly/R-plan 📈 Start investing with Rask – https://bit.ly/R-invest 📜 Access Show Notes – https://bit.ly/R-notes ❓ Ask a question – just select the Investor Podcast – https://bit.ly/R-quest 📲 Follow us on social media: Instagram: @rask.invest TikTok: @rask.invest DISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it. If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg. #Investing #Finance #AustralianInvestorsPodcast Learn more about your ad choices. Visit megaphone.fm/adchoices