EP31: Invest To Buy Time w. Harris Elliot (One Penny At A Time Podcast Host)

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Me & The Market Goliath

🚶🏻 ➕ The Market 🏛️ Goliath🗿

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5 days ago

Youtube: https://www.youtube.com/@MeandTheMarketGoliathPodcast Do you remember the biblical story of David and Goliath, a story about a warrior who used his wits and strengths to defy the impossible? Picture this and put yourself in a financial environment. You are an inexperienced investor who is trying to outsmart the financial markets but the odds are not in your favor and you don’t have the financial literacy to understand how to value a company or how complex financial markets work. Your disposable capital is stored in a bank bleeding dry to inflation, where do you start? ⠀

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EP31: Invest To Buy Time w. Harris Elliot (One Penny At A Time Podcast Host)

Me & The Market Goliath

44 minutes 45 seconds

2 years ago

EP31: Invest To Buy Time w. Harris Elliot (One Penny At A Time Podcast Host)

In today's episode, we invited another investing podcaster Harris Elliot. Based in Texas, US, and originally from Puerto Rico. Harris is the host of One Penny At A Time Podcast. He started his investment journey in early 2022 and currently manages a USD$10,000 investment portfolio.

Harris's disciplined lifestyle and having to work multiple jobs allowed him to eliminate USD$15,000 worth of debt and being able to steadily increase his monthly investments from $200 to $1,000 through budgeting. Harris goes on to explain the concept of time in the markets versus timing the markets and goes on to share what a covered call exchange traded fund (ETF) is and why it can be a risky investment.

What we covered in this podcast:

- Harris's investment philosophy

- Time in the market v. Timing the markets

- Covered call ETFs and the risks behind it

- What's like to manage USD$10k investing portfolio and what were some of the lessons?

- Harris's biggest investing mistakes

Youtube version: https://www.youtube.com/watch?v=eOpowPi3xTE&t=1s

Episode Timestamps:

(00:00) - Harris's background and eliminating debt

(00:43) - Harris's Podcast (One Penny At a Time) and goals

(05:07) - What age did Harris start investing?

(05:45) - What does investing mean?

(07:09) - What is financial freedom?

(08:35) - What type of investor is Harris?

(11:05) - Has Harris's investment philosophy changed over time?

(13:31) - Behavioral investing

(16:18) - Similarities between life and investing?

(18:18) - Timing versus Time in the market?

(22:17) - Purpose of recording investment portfolio and tracking

(24:50) - Shutting noise and filtering information

(27:01) - Is it dangerous to chase yield?

(31:36) - Covered-call ETFs, characteristics, and dangers

(36:47) - Harris's learnings from investing

(39:00) - Realty Corp (NYSE:O)

Follow Kelvin Han (Podcast Host) X (Twitter) : https://twitter.com/kelvinMMGoliath Me & The Market Goliath Podcast X Twitter : https://twitter.com/memarketgoliath Instagram: Mmarketgoliath: Spotify: https://open.spotify.com/show/2y0SWo0... Apple Podcasts: https://podcasts.apple.com/us/podcast...

Listen now on Spotify or on Apple Podcasts - https://linktr.ee/MMGPodcast Follow Harris on One Penny At A Time Podcast:

X: @onepennypodcast

Instagram:onepennyatatimepodcast

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