How To Not Lose Money Investing

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[The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play]

And now for another episode of, “I’m not driving finances“.

Just out of the news today was the Robin Hood App. The analogy was it’s the candy crush of investing apps people have loaded on their phones. If you haven’t used Robin Hood before, it’s free stock trading. Trade all day long, many times as you want for free.

The financial pied pipers are sharing the stories of the one person that started with $5,000 and now he’s all the way up to $50,000. Congratulations Dude! That works until it doesn’t.

Please hear me on this:

You’re in total control of your money.

I’m not selling stock tips.
I’m not selling stock applications.
I’m not selling a stock picking newsletter.

I’ve lost money all those ways.

I’m the real Robin Hood. Long time listeners know this, but I take it from the perspective of I am trying to protect your retirement, your savings, your money that you’ve worked really, really hard for, from those that would steal it from you to benefit their own selves, their own retirement, their college kids funding, their yachts, their Lambos, whatever. There’s plenty of those people out there.

I’ve lost all that money. Now I’ve learned to do it a different way,

But because of the way the economy has gone the past 10 years, everyone is a winner. Everyone can do no wrong either. Earlier this year, or last year. No, this year we just got started, so obviously it was last year.

Last year I shared the story. Even a blind bat can beat the stock market. Sure. Yeah, and then I went out and proved it in about 30 seconds picking five random stocks and I’m doing better than than the market.

I should have turned around and sold that as a newsletter with my hot stock tips. But I have ethics. I like to sleep well at night.

I like to teach others to sleep well at night. You do that by keeping more of your money and investing wisely with a plan that works in good times and bad.

Robin Hood, the Candy Crush of stock picking apps, I guess it works during good times. I look forward to the day. I’m probably not going to feel bad because my listeners, you guys are awesome.

You’ve already bought into the plan that works in good times and bad with great rejoice. That day is going to come where I’m going to say – and I shall say this only once – I told you so.

I told you so. I’m going to sleep well at night and so are you because we follow the proven plan. Invest in the stock markets as a whole, long term.

Don’t try to get in and out. Sears is a perfect example of that. Sears is in bankruptcy. They’re toast. If you had stock in Sears – bye, bye money, right?

It’s kinda like this. If you opened a can of corn and dumped it into a bowl and you noticed, oh, I bought golden corn, one of the colonels is white, or maybe one of the colonels is brown or black.

Maybe they roasted a little too much. I’ll pick that niblet out and chuck it, trash it, garbage disposal it, feed it to the dog, whatever. And then you look in the rest of the bowl, you would not even notice that one kernel is missing.

That’s what investing in the whole stock market is. One company tanks, big whoop. You don’t even notice. These people are using Robin Hood buying five, 10 stocks. When a sector crashes, like the technology sector or big Pharma, the big banking sector or real estate like what happened in 2008-2009.

Those sectors as a whole crash. Everything falls apart. People think they have bellies of iron and can ride this stuff out.

It’s different this time.

They think ‘Oh, I’m not one of those people who’s going to get in and out of the market. I’m going to stick with it.

No they’re not. They think they can, but it ain’t gonna happen. It ain’t gonna happen.

It’s like you’re riding on Southwest airlines and you go up to the cruising altitude of 30,000 feet. And then the plane starts diving for the ground and everybody’s like, oh my goodness! The gas masks are popping out of the airplane. Then WHOOSH! It sweeps back around and then a wind shear flips the plane 180 degrees. Then the plane is upside down and people are screaming and there’s vomit flying all over the cabin and they’re thinking, no I’m going to ride it out.

No, they’re not! No they’re not!

They’re thinking land this freaking plane, I don’t wanna die! Save me! Save me!

That’s exactly what’s gonna happen. But you don’t have to be that person. You get into the plane. Just taken out a nice little chill ride.

If people believed this stuff, they would be 100 percent in something called emerging markets. Those are tiny companies overseas. Because it’s proven – academics have shown this – those stocks perform best over time. It’s not the US stock market. It’s not small, tiny companies, those are called small cap stocks.

It’s emerging markets. Foreign countries, because they have a lot of potential growth.

But that comes with massive risk. That’s the Southwest plane, right? I’m not picking on Southwest, they are a great airline company. But that’s like riding around on a rollercoaster that you have never even experienced, as stuff is flying around the cabin.

People are screaming for their lives and they just want to get off that ride. They don’t know it yet. They will. The day will come. I do have a crystal ball.

Long time listeners know this. I’m very good at my bold predictions. This one will in fact come true where I get to say I told you so. I don’t look forward to it but that is what it’s going to be like.

Please hear me on this. Your in a strong, proven plan. The same one I been doing for 15 years. I’ve ridden through a couple of these storms. One where I lost a lot of money. The other one, not so much. Still rode through it, slept well at night during the second one because I was on that proven plan. It works.

The studies show it. All those crazy nuts in the financial independence, retire early community – they’re doing the exact same thing. They’re smart people out there doing this stuff and you’re a smart person and you know this stuff. Stick with a proven plan. Stay away from the day trading, the Robin Hoods, the candy crush that will only rob you of your money.


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