Which ASX 200 stocks have genuinely destroyed wealth over the past five years, and what can investors learn before making the same mistake again? In this Australian Investors Podcast episode, Owen and Drew Meredith each name two painful holdings from the past five years: Zip Co (ASX: ZIP), Nuix (ASX: NXL), Dubber (ASX: DUB) and EML Payments (ASX: EML). Rather than just reliving the damage, they unpack the red flags these businesses shared, including hype-driven expectations, weak execution, capital pressure and the temptation to average down.
The conversation then widens to the broader market. Owen and Drew discuss the Nasdaq’s stunning 11-session winning streak, why sitting on cash can feel safe right before markets run away from you, and what that means for Australian investors thinking about global diversification. They also look at the Magellan and Barrenjoey tie-up, why some investors see a Macquarie-style growth story emerging, and what a larger balance sheet could mean for the business.
The episode finishes with listener questions on David Gardner, the biggest ASX flop of the last five years, and whether Australia’s ageing population could one day change the superannuation equation.
