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Stocks for Beginners with Phil Muscatello, Ep #65

by | Jun 17, 2021 | Podcast | 0 comments

Phil Muscatello launched a podcast about 2.5 years ago called “Shares for Beginners” (“shares” are what they call “stocks” in Australia). It took off quickly. Phil has a background in radio and thought podcasting was a good way to use his skills and talents. His podcast was a great way to learn more about trading and gather insights that he could also share with an audience. He also launched “Stocks for Beginners” to host trading experts from the United States. He’s been shocked and delighted with the success he’s found in podcasting. So what has he learned? Find out in this episode of How To Trade It!

In this episode of How To Trade It, @phil_muscatello shares what he’s learned from hosting his own podcast, Stocks for Beginners. Check it out! #stocks #stock #trading #StockMarket #Investing #DayTrading #StockPicks #StocksForBeginners Click To Tweet

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You’ll want to hear this episode if you are interested in…

  • [1:08] Learn more about Stocks for Beginners
  • [2:44] How Phil’s performance has improved
  • [3:52] Investing in ETFs + trading
  • [8:10] What Phil has learned
  • [11:58] Is investing for everyone?
  • [15:53] Why don’t more people invest?
  • [17:10] Go listen to Stocks for Beginners!

How Phil’s performance has improved

Phil admits he had been trading pretty poorly for a long time. He started using podcasting as an experience so he could learn more about the right way to trade. Over the last couple of years of podcasting and learning from the best of the best, his trading has improved exponentially. He admits that he’s more interested in investing, with a core portfolio of long-term ETFs. He dabbles some in options trading with credit spreads. He’s learned that patience, risk management, and having a trading plan in place are key.

If you’re approaching the stock market for the first time, and want to get in on the action, Phil emphasizes that you have to understand yourself first. You must also understand how much is involved in becoming a good trader. Whatever technique you use, you have to understand it will take years to master. Knowing yourself means knowing whether or not you’ll stay interested over the years. Or it tells you that you should take a long-term approach and let it compound over many years.

Investing in ETFs + trading

Even when the economy isn’t doing well, the S&P 500 is the best of the best. They’re doing the research, and you’re piggybacking off of what they do with an S&P 500 ETF. Phil also invests in the ASX 200 and a Nasdaq ETF in his core portfolio. You won’t outperform the market, but you won’t do worse. Plus you get lower fees with the management of those portfolios. Phil points out that the downside is that you get the good stocks with the bad. That’s why he also trades individual stocks at a managed risk level to improve overall performance.

If you have diversification with an ETF, you won’t get killed if one stock goes bad. It’s also important to understand that with an ETF, you can end up with over-concentration and over-correlation. Some people buy numerous ETFs thinking they’re diversifying but they end up with the same weightings for the same or similar stocks. How do you know what’s in your ETF? The ETF provider will have a PDF on their website that discloses the stocks they’re investing in at each specific weight.

@phil_muscatello prefers investing in ETFs and dabbles in risk-managed trading on the side. Why? Found out in this episode of How To Trade It! #stocks #stock #trading #StockMarket #Investing #DayTrading #StockPicks #StocksForBeginners Click To Tweet

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Is investing for everyone?

Phil believes everyone should be investing—and should start young. You don’t need hundreds of thousands of dollars to get started. There are enough apps and programs available so you can get started with small amounts of money. A couple of months ago, Phil was at a dinner with his family. He and his nephew were discussing trading.

He looked at his niece who seemed zoned out. Trying to pull her into the conversation, Phil told her to look into it as well. But she said she “wasn’t interested.” So Phil got her set up on a micro-investing app to get her more involved. Phil believes everyone can invest, even from an early age. It doesn’t require any special skills. You just need to put a little bit away every pay period. You can learn the basics then take it further.

Why don’t more people invest?

Phil believes it’s because people are not taught to invest. It’s not something you learn in school or college. When Phil started trading there was no internet or online trading platforms. He had to call a stockbroker to make a trade. The tools just weren’t there—but they are now. Everyone can learn how to trade with what’s available online.

Phil’s goal with Stocks for Beginners is to channel the expertise of his guests and to ask questions that a beginner would be asking. It’s not structured lessons with a goal or a plan. He’s giving people information so they can understand the language and the concepts of investing and go from there. Listen to the whole episode for the full vision and mission of his podcast!

Why don’t more people invest? @phil_muscatello shares his take in this episode of How To Trade It! #stocks #stock #trading #StockMarket #Investing #DayTrading #StockPicks #StocksForBeginners Click To Tweet

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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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