4 of ASX 200's worst stocks

**Owen Raszkiewicz** (0:00)
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Ben Gardner and Capital Limited AFSL 226 566 Hey there, here's a quick note. This podcast contains general financial advice only. That means it's not specific to you, your needs, goals or objectives. So don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer, and link to our financial services guide in the show notes.
All right, I think we may be live. I'm saying that slowly because you never know. If you can hear us in the chat, on YouTube, LinkedIn, Facebook, some of those other fringe ones that maybe people watch us on, G'day, G'day, good morning.

**Drew Meredith** (2:02)
We're on Twitch?

**Owen Raszkiewicz** (2:04)
No, we're not. We needed to get a video game controller. For what it's worth, your microphone looks like a Twitch microphone.
Sorry, that's a different pop of color.

**Drew Meredith** (2:15)
I thought yellow would have been too cliche.

**Owen Raszkiewicz** (2:17)
Yeah, right.

**Drew Meredith** (2:18)
I think they were expecting yellow.

**Owen Raszkiewicz** (2:20)
So if you're just listening on a Saturday morning, it means that you don't have the full context of two... Well, I'm mostly bald. Drew's not bald. He just shaved his head.
Two dudes. In sympathy. Yeah.
We are testing a live stream format of the Two Cents podcast on a Friday. So we're just here on YouTube and everywhere else. And we're going to answer questions in real time. We can see Matt's got a good question in the chat.
Ball, Jenny's back.
Jenny's a season ticket holder. Jackie, there we go. Everyone's in. Kylie, good to see you.
But we do have a lot of questions. And we're going to talk about Magellan Financial Group, the decision that's going to merge Magellan with Barrenjoey, which is going to be the, quote unquote, next Macquarie in Australia. Now we had a great question sent in in advance. What are your two worst ASX200 stocks from the past five years? And what can we learn? That was from Jack Investor. So we'll cover that in a second. But before we get to any of that, the bit that everyone rocks up for, which is the general advice disclaimer. Well, Drew and I love financial planning and personalized financial advice. Any of the information that is displayed on a Rask podcast is strictly general in nature. We don't know your needs, goals or objectives. So don't act on the information until you have spoken to your financial planner. And if we mentioned things like super funds or ETFs and that side of mumbo jumbo, just remember they've got a PDS, product disclosure statement that should be available on their website. If you're confused about any of this or what general financial advice or general financial information actually means, head to rask.com.au/fsg for financial services guide.

**Drew Meredith** (3:53)
Same here.

**Owen Raszkiewicz** (3:55)
Justin says, watching live from a beach in Phuket, Thailand. That's nice.

**Drew Meredith** (4:01)
What time is it over there?

**Owen Raszkiewicz** (4:02)
Yeah, what time is it?

**Drew Meredith** (4:04)
It's like 10 PM or something, hopefully.

**Owen Raszkiewicz** (4:06)
Yeah, that's it. Nothing like the Australian Investors Podcast into Thailand. We're global. Drew, let's start off. Let's get straight into some meat rather than just chewing on the veggies for a second.
What are your two worst ASX200 stocks from the past five years and what did you learn? Now, you said you've got three.

**Drew Meredith** (4:26)
Do you have to learn something? That seems like the beginning.