What podcasts say about Scott Mitchell
Every statement, with the speaker, the exact quote and the moment it was said.
What Scott Mitchell has said on podcasts
41 statements · 25 positive · 14 negative · 1 mixed · 1 neutral
A market crash will occur.
“There's a crash coming.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 1:18
A market crash will occur.
“There's a crash coming. Of course there is.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 1:18
Most people should avoid buying individual shares.
“Most people shouldn't be buying shares individually.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 1:21
Property is not particularly attractive as an investment.
“I don't think property as an investment is particularly attractive.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 1:23
Invest despite uncertainty about near-term market movements.
“Invest anyway, because I don't know what happens next.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 1:34
Human evolutionary biology makes investing behavior difficult.
“Humans aren't built to invest biologically.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 5:06
Most people should avoid individual shares and SMSFs.
“Most people shouldn't be buying shares individually and most people shouldn't have SMSFs.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 9:20
Most people should default to diversified ETFs.
“the default should be ETFs for most people”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 10:18
Poor stock picking leaves investors worse off.
“if you pick stocks badly, you'll be worse off.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 10:55
Investors unable or unwilling to pick stocks should buy ETFs instead.
“if you can't do it, you don't want to do it, you're not very good at it, then buy an ETF and go fishing 100% every day.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 11:08
Money stress is the largest contributor to relationship breakdowns.
“money stress is the largest contributor to relationship breakdowns.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 13:39
Scott and his wife aim to replace employment income through investments.
“we want to replace our incomes”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 16:32
Productivity growth has generated substantial prosperity and wealth.
“we've generated massive amounts of prosperity and wealth because we've been more productive.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 18:34
Human ingenuity and productivity have not peaked and will continue rising.
“No, of course we haven't. We are going up.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 19:44
New solutions to problems will create economic value.
“we will create value doing that.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 20:43
Large listed companies are likely to capture future technology-driven value.
“that's likely to be predominantly captured by large companies listed on stock markets around the world.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 20:45
Regular investing helps investors avoid market timing.
“You can avoid trying to time the market.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 22:45
An emergency fund is more important than investing.
“More important than investing is having that emergency fund”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 24:25
People should build an emergency fund before investing.
“I still would build the emergency fund.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 24:57
Consistent basic financial habits are generally sufficient over time.
“Do the simple things reasonably well most of the time for a long enough period of time.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 26:32
Most people can improve financially using basic investing guidance without planners.
“95% of us should be able to grab my book or any decent— listen to a great podcast called Equity Mates and take the lessons from that and do them and be better off.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 27:24
Shares are likely to provide greater benefits than other asset classes.
“the benefits of shares to my mind far outweigh the likely future benefits of other asset classes.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 28:35
Equities will deliver better returns than alternatives.
“I think equities will deliver better returns.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 29:07
Investors should generally start with equities.
“for me, I don't know why you would start anywhere else personally”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 29:22
Most thematic ETFs fail the five-step evaluation test.
“Most of them.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 30:29
ASX thematic ETFs provide access to overseas companies unavailable locally.
“buying a thematic ETF on the ASX is a great way to get access to those companies if you want them.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 31:40
A real trend alone does not justify buying its ETF.
“The trend is real, therefore I should buy the ETF.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 31:52
Property is not particularly attractive as an investment.
“I don't think property as an investment's particularly attractive.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 34:02
A home is highly valuable as shelter and a place to live.
“property to live in, to have your life in a shelter, super valuable.”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 34:06
Australian median house prices rose about 6.56% annually over 30 years.
“Over the last 30 years, property's gone up at 6.56%, I think it is a year”
Open the episode · Scott Phillips: The stock picker who doesn’t think you should pick stocksListen at 34:34
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.