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The Wiggin Sessions


Feb 20, 2023

At its very core, I think of an investment as buying into a company and owning a piece of that company... That's what it means to be an investor. To be a speculator simply means that I'm going to buy a stock, and I expect to be able to sell it at a higher price."—Zach Scheidt 

Are you an investor or a speculator?  

The answer matters greatly, informing the stocks you pick and your expectations. 

Zach Scheidt is the founder of ZachScheidt.com, the investment director of The Essential Investor, and the architect of The Essential Portfolio. Zach is an expert in Wall Street's highest-performing income stocks and has developed a unique high-end put selling strategy. He previously ran two hedge funds with a combined asset total of over $100 million, making him well-versed in the financial industry.

Zach joins me on “The Wiggin Sessions” today to discuss the difference between being an investor and a speculator and why it matters in terms of the stocks you pick and your expectations. 

He'll share his insights into the prominent factors affecting the market, why what's going on on Main Street doesn't always correlate with what's going on on Wall Street, and whether or not we're headed for a recession. Plus, how much you should worry about both the economy and politics when it comes to your investment strategy. 

Listen in for an in-depth discussion of the Essential Portfolio, which Zach helped develop, and learn more about his barbell approach to investing, including four of his stock picks from the portfolio—three that offer reliable income and one that's a bit more speculative. 

Tune in to get these valuable stock pick recommendations and go to https://essentialinvestor.net or https://theessentialinvestor.net to follow Zach's investment advice thru the EI.

Key Takeaways

How to take advantage of the winners and losers in the supply chain struggles

The importance of separating politics and investing

How to take advantage of the opportunities to create wealth (even in a recession)

The insight of Ray Dalio, the founder of Bridgewater Associates, into the relationship between the US and China

Should we worry about politics when picking stocks when picking stock

The critical difference between being an investor and a speculator

Why diversification is the key to the investing long game

Why 20 different positions is the 'sweet spot' for a diversified portfolio

How the barbell approach to investing leads to sustained portfolio growth

The four stocks Zack recommends investing in now

Connect with Zach Scheidt

 Zach Scheidt

Zach on LinkedIn 

Connect with Addison Wiggin

Consilience Financial

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