Dr. Andrew Stotz lives in Bangkok, Thailand, where he co-owns CoffeeWORKS, Thailand’s leading B2B specialty coffee roaster, and A. Stotz Investment Research, which services institutions and high net worth investors. Dr. Stotz has a colorful background, to say the least, but he has learned from his mistakes and built a commendable career in finance. Now, he is paying it forward by running a master class and a podcast that are both designed to help future generations reduce their investment risks by learning through the stories of others.
Using his own experiences and the takeaways from conversations with his students and guests, Dr. Stotz compiled a list of the top 6 mistakes you should avoid in any type of investing:
- Entering an investment without conducting thorough research and due diligence
- Failing to properly assess and manage risk
- Letting emotion or flawed thinking drive your decisions
- Misplacing trust during a negotiation
- Failing to monitor the investment after the acquisition goes through
- Investing in a startup company
By listening to stories you can easily learn from others’ mistakes, which is critical when you are looking to generate passive cash flow without experience as an investor. You can access a bunch of different stories through Dr. Stotz’s website, www.myworstinvestmentever.com. And if you are looking for something that is more pragmatic, you can purchase his book, How to Start Building Your Wealth Investing in the Stock Market, or join a community of likeminded investors by signing up for his online course. Dr. Stotz will help you create, grow, and protect your wealth.