The SharePickers Podcast with Justin Waite

Inspired by Charlie Munger: If you’re an amateur your focus should be on avoiding stupidity, not seeking brilliance. COMPANIES MENTIONED: MoneySupermarket #MONY Polarean Imaging #POLX Destiny Pharma #DEST

Is the tide coming in on the market?

Apology to SteveCat PissPerception vs RealityMicro caps will do well from here, they could make you rich.

Subjects covered in the weekend podcast: - Amanda Holden fancies Pete - Gold - MH370 - Awards Ceremonies - Tax Thresholds - Dollar Cost Averaging into Funds - Head of the Fed: Jerome & Powell - Hope, Hype, Potential Stocks

In the weekend podcast we talk about earthquakes, Steve moving cash around, portofolio exposure, averaging down in a beark market not being the way forward, spreadsheet love, companies: Polarean #POLX, Trufin #TRU, XP Factory #XPF & Gfinity #GFIN.

John McAfeeParents passing awayProbateInhertiance TaxHMRC14 out of 14 investments in profitDiversifyingLeveraging to winnersBest in Class Businesses

Prince Harry Health is the greatest wealth Portfolio Management Madoff: The Monster of wall Street

People have seen their portfolio values drop significantly in 2022. Investors no longer want to risk anymore money to make money. They want to avoid losing money. They easiest way for them to do this is pull their money from the market or invest in lower risk assets. Future potential stocks hold less appeal than current value generating businesses.

On the weekend podcast we talk about: - The cold- Pete's job- Paddy clubbing- Last weekend's activities at Boom Battle Bar owned by XP Factory #XPF- Micro caps are seeing some life, many are bouncing. Missing out on the agressive bounces that come after the agressive sell offs can cost you over the long term.- 78% of the stock market's best days occur during a bear market or during the first two months of a bull market. If you missed the market's 10 best days over the past 30 years, your returns would have been cut in half. And missing the best 30 days would have reduced your returns by an astonishing 83%- Getec #GTC- eEnergy #EAAS- K3 Capital #K3C- Hope, hype, potential stocks- Spreadsheets, Google Sheets- The frost is good for dog owners

Rising prices attract buyers, a falling price attracts sellers.Do not ignore momentum, even if the fundamentals of a company are good. There ha to be a wave for you to ride it.

The Football World Cup eEnergy #EAAS XP Factory #XPF Deflation Crypto & Bitcoin Government Growth Solar Heat Pumps Gangs of London The Adams Family Andor Black Friday

UK GDP Good news & bad news Are we at the bottom? 50 day moving average crossing 200 moving average Crypto Elon Twitter Catch my fancy Hatt Mancock The Good Nurse Gangs of London

The Weekend Podcast: We talk about Andrew Doom Munger Bailey's Bank of England Statement.Accountants Rishi & Jeremy focusing on costs but not on growthThe housing market is in for shake upLeverage: You're stupid if you use leverage & stupid people shouldn't use leverage.

The Weekend Podcast - we talk about how ridiculous UK politics has become.

The mini budgetIf you think of in terms of investing into a company which of these would you invest into. A company with a:Liz Truss (CEO) & Jeremy Hunt (CFO)orKier Starmer (CEO) & Rachel Reeves (CFO)XP Factory #XPFTrufin #TRUeEnergy #EAASBoohoo #BOO

We talk about: Our 10 peak challenge The market meltdown The bond market The mini budget XP Factory #XPF eEnergy #EAAS

This is a short podcast as we were en route to the 10 Peaks Challenge.We talk about the markets selling off, QE & QT plus the government's growth plans.

https://www.justgiving.com/fundraising/10-grand-peaks On 24th September 2022, 3 intrepid explorers (ish) - Justin Waite, Paddy Kelly and Pete Hibbard - will attempt to tackle 10 iconic peaks in the Snowdonia National Park in aid of bigmoose's 'Project 1 Million'. This incredible project is aiming to raise £1m for mental health therapy and support, and we've decided to do our little bit to support it. The challenge will involve walking / hobbling over 20 miles and climbing several thousand feet of rugged Welsh countryside in a single day. As if the physical challenge wasn't enough, Paddy and Pete will also have to endure an entire day of listening to Justin's view of the world and fail to see eye-to-eye on a huge range of topics. Now, if that isn't worth a donation in itself, we don't know what is.... Please give whatever you can to this fantastic cause. Thank you!

The Queen was the best version of the Royal Family BBC - speak faster Energy Price Cap Freeze XP Factory #XPF - Acquisition & Trading Update eEnergy #EAAS - it's essential for businesses to measure their energy usage & wastage Gfinity #GFIN - Stock Informer now shows Prime Hydration Drink Our 10 Grand Peaks Challenge - a special prize raffle maybe happening - please sponsor us here: https://www.justgiving.com/fundraising/10-grand-peaks

On this weekend's podcast we talk about:https://www.justgiving.com/fundraising/10-grand-peaks- Our 10 Grand Peaks Challenge- Bargain Hunt - they lose money because the buy at retail prices and try to sell at retail prices.- Company's likely to report financial results, exceeding, meeting or below expectations.- Energy solutions- Government prioritising the wrong points

Are we in recession?Event Actual Forecast PreviousGDP (MoM) -0.6% -1.2% 0.4%GDP (QoQ) (Q2) -0.1% -0.2% 0.8%July is -0.6%August is -0.3%You’re going to need September to grow by 0.9% to not contract - impossible.——We are in an energy inflation driven recession.The biggest rising cost for any company right now is energy.Domestic energy is capped - which is laughable.Business energy is not. Article in the times about some businesses are seeing a 5 fold increase.There’s a v sad story online today about a lady who works for a very popular Chinese take away in Aberdeen. Their bill has gone up 10 fold and its their last day on business on Saturday.Name a company addressing this issue for businesses and you’ve got yourself a winner.

Paddy asks, "How can the price of Wheat free Pita bread go up from £.280 to £3.10? The market is way ahead of central banks. It knew a recession was coming. The AIM All Share hit its high back on 6th September 2021. It started to price this in and fell 34% to it’s low on 5th July 2022. Now central banks are talking about when a recession will end, when do you think the market will start to price this in? However — the market tends to rise 3 - 6 months before the last interest rate hike. The last interest rate hike could be December this year. People are saying interest rates could get to 3%. We’re at 1.75% If they do another half a % in September, half a % in November & 25 basis points in December they’ll be there.

On this week's podcast - We discuss inflation: Fred bought: £20 more Tesla £20 Microsoft Fred’s Shares Amazon Costco McDonald’s Microsoft Tesla Monty bought: £20 Apple £20 Berkshire Hathaway Monty’s Shares Apple Berkshire Hathaway Disney Google Philip Morris

The best time to make money in the stock market is after a bear market ends (which last around 12 -14 months). The trouble is, many go too early. It’s better to be late and right than early and wrong. 15 years ago today was the high before the Great Financial Crash on the AIM All Share Index If you’d put £10k into the index after it had risen by 20% i.e. the start of a bull market, then that would be worth £19,283 now, even after this bear market drop of 34%. This is 92.8% gain ---- The AIM All Share index is down 34% from it's high on 28th August 2021, to it's low on 5th July 2022. That's 311 days. After the great financial crash AIM All Share rallied by: 20% in 50 days 43% in 100 days 70% in 200 days 84% in 311 days That's how fast it can turn.

The Weekend Podcast with Paddy, not Pete & Steve. When family members / friends ask you for investment advice they will generally ask you near the top of the market when everyone is shouting about the gains they're making. This is the worst time to invest. Right now this is one of the best times to invest, for the long term. But whenever they ask you always point them to a fund and tell them to invest via an ISA by paying into it monthly. ——— Near the top of a bull people put money into riskier & riskier assets, believing its going higher. Hence the huge interest in crypto at peak. Near the bottom of a bear market people put money into safer assets believe its going lower. Hence the interest in dividend payers. However many will not be invested in them long enough to benefit from them & will jump back into riskier assets as soon as they start moving quickly which they will. ——— The market has had a brutal sell off, very few investors / traders have not been affected by it. Try to keep some cash handy for that those co’s you have highest commitment on & be patient. You will not catch the bottom but it’s better to be right & late, than early and wrong When it does turn those co’s can make you decent money. #bepateint

27th June 2022 In this podcast Podcast: We discuss diversity, bear & bull markets. Fred - Bough £20 more Tesla - Bought £20 Microsoft Fred’s Shares Amazon Costco McDonald’s Microsoft Tesla Monty - Sold Starbucks and bought more Berkshire Hathaway - Bought £20 Philip Morris - Bought £20 Disney Monty’s Shares Apple Berkshire Hathaway Disney Google Philip Morris

I’ve recently made a new investment in eEnergy #EAAS a company fits all my investment strategy filters. And its in the hottest of sectors. In this podcast I talk about it, trying to convince Steve to do some research. The reason why the markets are selling off is largely down to inflation, a huge headwind. The biggest contributor to inflation are energy costs. eEnergy solves this problem for companies. This on its own is a big enough tailwind but it becomes significantly larger when you add the fact that they also make it possible & profitable for companies to achieve NET ZERO (the biggest megatrend out there today) at a lower cost. eEnergy are also growing very quickly - revenue: 2021 - 2022 = 70% Profitable - EBITDA: 2021 - 2021 = 250% And are good value: Current their enterprise value is only 1.3 x sales And their pipeline keeps growing, signing record contract signings (including renewals) in Q3 of £8.6 million meaning their contracted forward order book has grown from £18m in December 2021 to £23m at 31st March 2022. On top of all this they’ve just launched solar and EV charging solutions and say demand from both existing and new customers for onsite solar generation has been significant, signing heads of terms agreements worth £7.8m in Q3 & Q4 alone. Fast growing, good value but importantly, it tackles two of the biggest headwinds out the today, energy inflation for companies and helps them get to Net Zero profitably (with no upfront costs): eEnergy #EAAS my newest investment: https://youtu.be/hfY42ssl6Jg

Bitcoin Crossing $20k - 70%Last time it did this, was on the way up, on 16th December 2020. Currently $19,300 Next support level? $BTCHouse of Cards eventBear MarketsThe best time to make a lot of money in the stock market is after a bear market but I want to preface this with a few caveats. Not many investment strategies work well in the down phases of a bear market.I do think the economy is going into a difficult recession BUT this mustn't be confused with the stock market. As soon as the market sees peak inflation, i.e. figures not getting worse, a rally will happen. I do not believe this will be THE recovery rally but it should be a very decent, strong bounce, which will hopefully mean we've hit a bottom. I do not think this will be the end of the volatility and the market will still experience big drops but not beyond previous lows. This volatility will likely continue for months. Inflation will not go down in a straight line. So the market will not go up in a straight line. Therefore this market will provide many opportunities to buy, on sell offs, and to sell companies you want to reduce a position on, or exit altogether, on rallies. But don’t buy at the highs (because sell offs will happen and could be deep and last for weeks) and don’t sell at the lows and take losses as there will be big rallies, maybe not this week or next week but they will happen. Bear markets have spectacular rallies because we get into big oversold periods and then people think the bounce is a recovery and the markets rally into overbought periods, where they rollover. You've just got to think beyond the bear market and see what company's will be valued like in more normal times and accept it may take some time to get there. If you are going to invest, after a sell off, scale in.A bear market provides plenty of time to research, very few companies rise significantly in a short space when the general market is going down. This market can provide excellent returns over the next couple of years but you have to focus on the company’s you know that are improving and scale in at sensible levels. When I say improving I mean the company's reported fundamentals are getting better. Think: I.N.V.E.S.T.I - Improving: Growth (topline 20%+ with good margins) N - New (does the co have something new to offer, a USP, a claim to fame) V - Value (are they good value) E - Earnings (are they profitable or have cash to get there) S - Scalable (can the company scale to multiples of their current market cap) T - Trending (are they in a megatrend, is their end market big, commercial & growing)——Inflation is the cure for inflation. You add rising interest rates to this, then people get squeezed from all angles. On all their borrowings from mortgages to credit cards. Then on prices they on all goods.You imagine a family of four with a mortgage, if it isn’t a fix rate, their mortgage goes up as does their national insurance. They drive to the supermarket ,the price to go there using a car goes up. They get to the supermarket all the prices are up. What are they going to do? Cut back. They buy less & travel less. This means the supermarket sell less, so they buy less, they need less staff who in turn go onto benefits and so can’t buy as much as they used to. The governments bill goes up and they are collecting less tax. It’s a vicious cycle.Companies margins also get squeezed due to higher input costs from energy to raw materials to higher wages from inflation and then the cost of their debt increases with interest rates too. So if people are buying less, less needs to be produced and less people need to be employed.Less people employed means less spending power, less get bought and less needs to be produced. This will eventually hit energy costs but this cycle takes a long time to play out and in the meantime the economy will contract.It’s already happening.People struggling with the soaring cost of living are cutting back on food and car journeys to save money, according to a BBC-commissioned survey.More than half (56%) the 4,011 people asked had bought fewer groceries, and the same proportion had skipped meals.The findings reveal the widespread impact of prices rising at their fastest rate for 40 years.Many people have cut spending on clothes and socialising.Therefore is people are buying less, less is produced.Also Warwick University academic Prof Andrew Oswald has noted, almost every postwar recession has been preceded by a rise in oil prices. The cost of crude rose sharply in 1973, in 1979, in 1990 and in 2007. All were followed by recessions, though sometimes dearer energy was not the only factor.

What are the 4 things that will bring inflation down?

The S&P500 has bounced 6.6% from it’s low on 20th May.In 6 - 12 months time many will think, “I wish I’d bought more during that bear market” It happens after every bear market. It’s where the best returns are made.Of all the bear markets including the great depression, world war two, the dot com bubble & the great financial crash, the average has lasted 14 weeks & the drop has been 36%. AIM has dropped by 32% and lasted 9 weeks.Bear markets are the best times to research, find growing, improving companies, at excellent valuations, and invest in them.You have to be buying at these levels.

If you want to make real money, I’m not talking dirty trading for a couple of hundred quid or a few grand, I’m talking decent amounts of, life changing money. You can do it off the back of a bear market crash. After a crash, is when you can make the most money - I don’t mind if the market stays lower, it gives you time to invest in companies at a bargain price. This bear market is an opportunity. You have to be buying in this environment to make really good money. I’m taking about scaling in on a regular basis to a stock you know is undervalued and going to grow really well over the next few years.

Rocky to his son in Rocky VI: You ain't gonna believe this, but you used to fit right here. I'd hold you up to say to your mother, "this kid's gonna be the best kid in the world. This kid's gonna be somebody better than anybody I ever knew." And you grew up good and wonderful. It was great just watching you, every day was like a privilige. Then the time come for you to be your own man and take on the world, and you did. But somewhere along the line, you changed. You stopped being you. You let people stick a finger in your face and tell you you're no good. And when things got hard, you started looking for something to blame, like a big shadow. Let me tell you something you already know. The world ain't all sunshine and rainbows. It's a very mean and nasty place and I don't care how tough you are it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't about how hard ya hit. It's about how hard you can get it and keep moving forward. How much you can take and keep moving forward. That's how winning is done! Now if you know what you're worth then go out and get what you're worth. But ya gotta be willing to take the hits, and not pointing fingers saying you ain't where you wanna be because of him, or her, or anybody! Cowards do that and that ain't you! You're better than that! I'm always gonna love you no matter what. No matter what happens. You're my son and you're my blood. You're the best thing in my life. But until you start believing in yourself, ya ain't gonna have a life.

Will there be a recession? Yes but this is why you shouldn't worry.

Boris has been jailed.Neil Parish MPIn total, how many buy / sells have you made this week?Nasdaq fallers Cathie Wood’s flagship ARK Innovation fundR2D2 stood in for Steve this weekKELLOGGSXP Factory #XPF Getec #GTC SpaceandPeople #SAL Trufin #TRU

Every month I give my son’s, Fred & Monty, £20 to invest in company’s they’ve heard of. Hopefully my passion for investing will rub off on them resulting in them becoming knowledgable investors. It may take some time! 25th April 2022 - In this podcast Podcast: Fred - Bough £20 more Costco - Made a new £20 investment into Microsoft - Sold his Netflix & bought Tesla Fred’s Shares: Amazon Costco McDonald’s Microsoft Tesla Monty - Sold Snapchat & used the proceed to make a new investment into Berkshire Hathaway plus he added another £20 too - Bought £20 Philip Morris Monty’s Shares: Apple Disney Google Berkshire Hathaway Philip Morris Starbucks

Steve’s Dirty Fries Bear markets Sell in May? Polarean Imaging #POLX Hermes Vs DPD Biome Technologies #BIOM XP Factory #XPF SpaceandPeople #SAL Netflix TV Recommendations: Dropout, Idris Elba’s Boxing Club & Get Back

Welcome to the UK! You are now an official resident of Rwanda!Do big achievers have to be big dreamers?Boris is not honest but is Elon Musk?If you had a month to sell all the stocks in your portfolio and hold onto just one, which would it be?Will inflation will stabilise?The Beatles: Get Back

Is Paddy dead?Risk Sunk - what was he thinking?Comparisons are the route of unhappinessStory Stocks vs FundamentalsISA - Have you added any money?Buffett is a genius, is Elon Musk a genius?Companies Mentioned: Polarean Imaging #POLXGetec #GTC XP Factory #XPF

Don't Sell Low, Buy High! How to solve the energy crisis Updates on Polarean #POLX, Gfinity #GFIN, XP Factory #XPF, Trufin #TRU, Biome Teechnologies #BIOM, SpaceandPeople #SAL

In our third podcast, Fred & Monty, look at their investments and decide which companies they are going buy, sell or hold.

The weekend podcast live on YouTube.... https://youtu.be/YOg8a-prCUs Companies mentioned include: Biome Technologies #BIOM Gfinity #GFIN Getec #GTC SpaceandPeople #SAL Trufin #TRU XP Factory #XPF

Pete & Paddy’s love of horsesPutin is the biggest gangster in the world.Have micro cap / small cap / growth stocks hit a bottom?It’s important to like the business you own shares inWhich of your businesses is the most scalable?Is investing gambling?TV recommendation: WeCrashed

Putin is a gangster. He only understands gangster’s response. The market is like a school yard bully at the moment. My wife and I had to making competing pitches to our son's on their investments. Good news on Trufin #TRU overshadowed by news from Gfinity #GFIN Good news from Getec #GTC Why should the war impact XP Factory #XPF’s Escape Room and Boom Battle Bars in the UK?

Do you think the oligarchs have a WhatsApp Group?

On the Weekend Podcast:Global Dickhead of the WeekIf I were a billionaire this is how I’d deal with PutinThe Market Sell OffGood Covid NewsPay attention to valuations not share priceIs investing gambling?Three ways to reduce your risk MetaverseXPFI meet a Bitcoin Billionaire

Storm Dudley Vs Storm Eunice Kit Kat Vs Condoms What’s the biggest worry now? Russia Vs Ukraine 6 Nations Vs 7 Nations Prince Andrew Vs Putin Micro caps will recover first Who's The Lady? #TRU & #SAL

The Weekend Podcast with Justin, (not) Paddy, Pete & Steve. Controversy of the week? “Economy seems to be rebounding. Market goes down. Why?” The cure for high inflation is high inflation.

It seems like the year of the bear!The Bank of England Guvernor is an idiotHow do we solve the energy crisis?Is the company you’re invested into at the moment good value?Will that company create significantly more value over the next 3 years?If so hold.Micro caps can wipe out their losses in days / weeksHow do you track a businesses progress?How do we create the next Wordle?Companies mentioned:Biome Technologies #BIOMGetec #GTCGfinity #GFINTrufin #TRUXP Factory #XPFPaddy's never heard of Ozark

Inflation Vs Deflation - what's worse?Steve goes on a Park Run

On the weekend podcast we talk about: - The frustrations of this market - The sell off before the rally - US Omicron / interest rate fears - Steve's recommendations - The difference between having a high conviction on a stock & just falling in love with a stock - The biggest mistakes I’ve made THE CONTENT OF THIS PODCAST IS NOT INTENDED AS INVESTMENT ADVICE, IT IS FOR INFORMATION PURPOSES ONLY. YOU SHOULD TAKE PROFESSIONAL FINANCIAL ADVICE IN CONNECTION WITH, OR INDEPENDENTLY RESEARCH AND VERIFY, ANY INFORMATION THAT YOU FIND ON THIS PODCAST AND WISH TO RELY UPON, WHETHER FOR THE PURPOSE OF MAKING AN INVESTMENT DECISION OR OTHERWISE. WE ARE NOT REGULATED UNDER UK FINANCIAL SERVICES LAW.