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Founder of Learn to Trade, Greg Secker’s investment journey began with him working in IT on a trading floor supporting the largest currency trader in London. With no real knowledge of finance and a $5000 gift from his mother, Greg entered the trading game and joins the Nestegg podcast to discuss his journey to success.

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Having previously joined the show to share how he is making a full-time income in only a few hours a week, Greg Morgan also joins host David Stratford to share how Learn to Trade set him on the path toward financial success, and why mindset and positivity is key to success as a trader.

The pair will explain why the current climate is the perfect time to be trading, explain the 5-2-1 rule and why it is so important, and reveal what the best investors are doing to cement their success.

You can keep up to date with what Learn to Trade are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Wednesday, 20 November 2019

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The costliest legal mistakes investors make

By Linda Santacruz · February 26 2019

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Retirement

The costliest legal mistakes investors make

By Linda Santacruz
February 26 2019

Reading:

The costliest legal mistakes investors make

By Linda Santacruz · February 26 2019

Reading:

Investors who rely on oral agreements or choose to complete their own legal documents are at risk of making some costly legal mistakes, according to Shine Lawyers’ professional negligence expert, Joseph Crane.

Speaking to Nest Egg, Mr Crane said investors tend to forgo legal advice in an effort to save money. However, he has seen that the smallest mistakes can have massive consequences and be costly to unravel.

When it comes to legal matters, here are the most common missteps investors often make.

Incorrectly drafting documents

According to Mr Crane, investors who choose to draft their own legal documents and forms should be sure to double and triple check their work.

“People sometimes rely on informal written agreements that they have drawn themselves. However, those agreements, while usually binding on the parties, are often ambiguous and do not usually cover typical eventualities which can end up causing disputes between the parties,” he said.

“If at any point, you are confused or don’t know what to do, get some help from a qualified professional.”

Relying on oral agreements

Oftentimes when investors choose to skip drafting legal documentation, they tend to rely on oral agreements. This is particularly common when investing with family and friends, Mr Crane said.

“However, disputes typically arise when people have different ideas about what has been agreed to. Getting good legal advice can not only help codify what has been agreed to, but it can also help clarify expectations,” he said.

“Also, if you want to end an agreement early, go see a lawyer. There can be serious, irreversible and costly consequences if you end an agreement without grounds or in the wrong way.”