His Sharesies app home screen would make any investor wince – total return down 43 per cent, or $1.15 million last year from a total of $2.6m invested.
But Phil Richards tells Markets with Madison he isn’t bothered, because it’s only a paper (or phone screen) loss – he doesn’t plan to cash in and realise it any time soon.
“But I still don’t want to tell my wife,” he joked.
Richards said he had made most of the loss back by early this year. However, he wanted to speak about his significant losses publicly to highlight the importance of attitude when investing.
“I haven’t lost it, it’s coming back,” he said.
