Most people shouldn’t invest in single stocks - they’d be better off investing in index funds - but that doesn’t stop a lot of people trying. That’s the view of Sasha Yanshin, YouTuber, Damo’s friend and nemesis - and it’s Damo’s view too. Despite that Sasha does invest in individual companies and Damo does keep up to 10% of his allocation for investing in specific stocks (because he enjoys it). In this episode, Sasha explains his process, as well as some best practices in case you want to chance your arm. But please be mindful of the risks and consider capping your exposure if it is something you want to try. 🤝 Want 1:1 money help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 📈 Investment platforms we use: Trading 212 Watch this video where Damo explains how to get the most from Trading 212: https://youtu.be/BVVZhrM0LVQ You can get free fractional shares worth up to £100 when you deposit £1 through this link (terms apply): https://www.trading212.com/promocodes/MM Or use the code ‘MM’. Vanguard Minimum investment of £500 or £100/month https://www.vanguardinvestor.co.uk/ If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. 🎉 Sponsors: Sensate: Get help with your anxiety & 10% off with the code MM10: https://www.getsensate.com/makingmoney Unbiased: Get help with your money from a financial advisor: https://www.unbiased.co.uk/makingmoney ✉️ Newsletter: If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/S2E7 Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00-00:38 Intro 00:38-07:29 Sasha’s background in valuing companies 07:29-12:21 The two key steps to investing in individual companies 12:21-13:40 Unbiased ad 13:40-19:42 How to build a model to value a business 19:42-26:16 Deciding when to sell 26:16-32:04 How long does Sasha’s process take? 32:04-33:10 Sensate ad 33:10-39:29 Sometimes the stock market just doesn’t like a company 39:29-46:01 The most undervalued factor in stock picking 46:01-52:33 Pricing in risks 52:33-59:10 It doesn’t matter what the price will be tomorrow 59:10-01:03:47 Why you shouldn’t stock pick