EP31: Invest To Buy Time w. Harris Elliot (One Penny At A Time Podcast Host)

In today's episode, we invited another investing podcaster Harris Elliot. Based in Texas, US, and originally from Puerto Rico. Harris is the host of One Penny At A Time Podcast. He started his investment journey in early 2022 and currently manages a USD$10,000 investment portfolio.

Harris's disciplined lifestyle and having to work multiple jobs allowed him to eliminate USD$15,000 worth of debt and being able to steadily increase his monthly investments from $200 to $1,000 through budgeting. Harris goes on to explain the concept of time in the markets versus timing the markets and goes on to share what a covered call exchange traded fund (ETF) is and why it can be a risky investment.

What we covered in this podcast:

- Harris's investment philosophy

- Time in the market v. Timing the markets

- Covered call ETFs and the risks behind it

- What's like to manage USD$10k investing portfolio and what were some of the lessons?

- Harris's biggest investing mistakes

Youtube version: https://www.youtube.com/watch?v=eOpowPi3xTE&t=1s

Episode Timestamps:

(00:00) - Harris's background and eliminating debt

(00:43) - Harris's Podcast (One Penny At a Time) and goals

(05:07) - What age did Harris start investing?

(05:45) - What does investing mean?

(07:09) - What is financial freedom?

(08:35) - What type of investor is Harris?

(11:05) - Has Harris's investment philosophy changed over time?

(13:31) - Behavioral investing

(16:18) - Similarities between life and investing?

(18:18) - Timing versus Time in the market?

(22:17) - Purpose of recording investment portfolio and tracking

(24:50) - Shutting noise and filtering information

(27:01) - Is it dangerous to chase yield?

(31:36) - Covered-call ETFs, characteristics, and dangers

(36:47) - Harris's learnings from investing

(39:00) - Realty Corp (NYSE:O)

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Listen now on Spotify or on Apple Podcasts - https://linktr.ee/MMGPodcast

Follow Harris on One Penny At A Time Podcast:

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