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Mitch Sneddon’s worst stock picks: What he learned & why it matters

Mitch Sneddon, Head of Funds Management at Rask, shares his biggest investing failures, including a painful 80% loss on a mining services stock. He explains what went wrong, what he learned, and how Rask Invest’s philosophy has evolved to avoid similar mistakes. This episode is a must-listen for any investor interested in risk management, ETFs, and building resilience for retirement.

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About this episode

In this Australian Investors Podcast episode, your hosts Owen Rask and Mitch Sneddon discuss:

  • Mitch’s worst-ever investment (Fleetwood, ASX:FWD)
  • Why mining services can be dangerous for retail investors
  • Lessons learned from overconfidence and poor diversification
  • Why Rask Invest now focuses on core-satellite ETF portfolios

 

If you love learning about ETFs, risk management, and avoiding classic investing mistakes, subscribe to the Australian Investors Podcast on Apple, Spotify, or YouTube!

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Topics Covered

  • Mitch shares the story behind his biggest loss: an 80% drop on Fleetwood
  • How the mining boom masked serious business risks
  • The importance of identifying “price takers” vs “price makers”
  • Why underinvestment in non-core business areas can be fatal
  • The danger of overconfidence and investing without diversification
  • How Mitch uses ETFs today to avoid repeating past mistakes
  • Why Rask Invest portfolios steer clear of individual ASX small caps
  • Investor psychology and the critical need to plan for retirement
  • Tips for retirees on managing risk and staying the course
  • Mitch’s framework for modern portfolio construction

Episode resources

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Podcast series resources

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