hosted by Lee Cleasby
FYR061 Mark Atkinson: How do you know if you are cut out to be a private investor?
Private investor Mark Atkinson has been investing since the mid-80s. Mark is a self-directed private investor who achieved financial independence at the young age of 53, living full time off his stock portfolio of 36 stocks.
In this episode of The Fund Your Retirement Podcast, Mark answer’s the common questions we received after our first podcast chat such as:
- How do I know if I am cut out to be a private investor?
- why he invests in stocks and not funds
- Are 36 stocks too many?
- Can you share a couple of stocks you hold and your reasoning for holding them?
- How can I control my impatience/boredom that makes me overtrade?
- How does your mindset change when you stop working and living off your investments?
- How did he manage the transition going from a full-time employee to financially independent and leaving the work environment?
You can listen to Mark’s first interview on becoming a self-directed investor below.
Link here: https://www.fundyourretirement.com/podcasts/fyr051-mark-atkinson-on-becoming-a-self-directed-private-investor/
0:00 to 2:05 Introduction.
2:06 to 3:30 Mark shares how you know if you are cut out to be a private investor.
3:31 to 6:50 Mark shares his thought processes around risk and investing.
6:51 to 9:50 Mark shares why he holds Smurfit Kappa Group.
9:51 to 12:25 Mark shares why he holds Somero Enterprise.
12:26 to 13:46 Are holding 36 stocks too many to hold for a private investor?
13:37 to 14:30 How much time does Mark dedicate to investing and managing his portfolio?
14:31 to 16:55 Why does Mark uses the information of others around him above his research.
16:56 to 17:50 Why Mark chooses to invest in stocks above managed funds.
17:51 to 18:50 How Mark controls the impulse to over-trading.
18:50 to 20:15 How Mark managed his portfolio of 36 stocks and his full-time job.
20:16 to 22:30 How Mark managed the transition going from employee to living off his investments full time.
22:31 to 23:40 Closing thoughts and wrap up.
Thanks for listening to the fund your retirement podcast, I hope you have enjoyed this episode and if you did, please let us know by subscribing, sharing, and leaving us a review.
Until next time, we hope you have a wonderful day.
The FYR team.