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Podcast: My Worst Investment Ever Podcast
Episode: Axel Meierhoefer – Never Get Involved in Anything You Don’t Understand
Description: BIO: Axel Meierhoefer was born in Germany, served 22 years as an air force aviator and instructor. In 2005, he started his consulting company then discovered real estate investing during the recession.STORY: Axel blindly invested in penny stocks in the late 90s. He knew nothing about penny stocks at the time, and he ended up losing $75,000 after the market fell suddenly.LEARNING: Never get involved in anything that you don’t understand. Understand how company P/E ratios work and how they affect a stock. “If it’s initially interesting, I’ll first go into r...