Shownotes
BIO: Dr. Jitipol Puksamatanan heads macro and wealth research at CGS-CIMB Securities (Thailand). He develops actionable investment ideas, independent economic analysis, and asset allocation strategies.
STORY: Jitipol learned as much as he could about a stock he was interested in. He was very confident in this stock. So much so that even when the stock price fell, and he made a loss, he doubled his investment, believing the price would go up, but it never did. Jitipol lost all his savings in this investment.
LEARNING: Investing is about knowing yourself and what you’re doing. Investing is not gambling; don’t expect overnight success.
“Investing is not a timed sport with a predetermined end time. If you’re seeking financial freedom, invest in the long-term and let time be your friend.”
Jitipol Puksamatanan
Guest profile
Dr. Jitipol Puksamatanan heads macro and wealth research at CGS-CIMB Securities (Thailand). He develops actionable investment ideas, independent economic analysis, and asset allocation strategies.
Over the course of two decades, Dr. Jitipol has worked with securities, banks, and asset management companies.
Worst investment ever
Jitipol learned as much as he could about a stock he was interested in. He knew the company’s CEO and the management team; he knew what they were doing and how they did business. Jitipol was very confident in this stock. So much so that even when the stock price fell, and he made a loss, he doubled his investment, believing the price would go up, but it never did. Jitipol lost all his savings in this investment.
Lessons learned
- Investing is about knowing yourself and what you’re doing.
- Investing is not gambling; don’t expect overnight success.
Andrew’s takeaways
- Trying to win back your losses is a dangerous game. It’s better to take a break, leave it, and let your mind and emotions get back on track.
- Before investing after a loss, ask yourself the best investment for this money.
Actionable advice
Investing is not a timed sport with a predetermined end time. If you’re seeking financial freedom, invest in the long term and let time be your friend.
Jitipol’s recommendations
Jitipol recommends listening to investment podcasts for new ideas and to gain knowledge.
No.1 goal for the next 12 months
Jitipol’s number one goal for the next 12 months is to expand his community and build deeper relationships.
Parting words
“Good luck, happy investing, and remember to make friends.”
Jitipol Puksmatanan
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