Investment advisor Andrew Stotz interviewed Michele Wucker on Episode 633 of the My Worst Investment Ever Podcast. The result might in some people’s ears be the Best Conversation Ever at least when it comes to the lessons Michele took from personal risks taken and not taken.
Andrew Stotz, PhD, CFA is the CEO of A. Stotz Investment Research, a company that provides institutional and high net worth investors with ready-to-invest stock portfolios that aim to beat the benchmark through superior stock selection. He created the podcast for the millions of people out there who want to LEARN how to invest safely. His interviewees are kind enough share heartbreaking tales of investment woe –whether time, energy, or old-fashioned money– so that listeners can learn from them and keep on winning!
Click HERE for full interview or below.
Michele decided to join college as a pre-med, psychology, and French major. She believed this was the best choice and what was expected of her. But Michele hated the psychology and chemistry classes. However, Michele had this idea in her head that she’d be a psychiatrist, so she kept pushing.
It took Michele way too long to realize that she was investing her time, energy, and intellect into something that wouldn’t work out. It took many more experiences of investing her time, energy, and emotions into other people’s expectations or into what Michele thought was the safest and least risky path for her to chase her true dreams. Eventually, she quit med school and became a Policy Studies major.
Lessons learned
- Understand how to recognize the signs warning you that something is wrong.
- Be aware of what you give to the world and what sustains you.
- Always analyze risks, possible responses, what makes you comfortable or not and what gives you an increased sense of control.
Andrew’s takeaways
- Awareness allows you to identify what isn’t for you quickly.
- Don’t wait to find the thing you like because that may or may not be in front of you. But if you find what you don’t like, use that as an impetus to move you to the next thing.
Actionable advice
Identify the stresses and what triggers them. Then identify what makes you feel better or more comfortable.
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