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37 comments
If you want to learn how to invest in index funds and everything that goes with it, you should get my free course Index Funds for Beginners: https://financialinterest.com/index-funds-for-beginners/
It will take you less than 2 hours to go through the whole thing. Over 7,000 people have already signed up and it’s had 0 bad reviews so far!
I'm still in my early
Excellent content Thank You 😊👍
This channel should be shown in schools
I already knew what the advice was going to be but my word that's by far the best explanation/justification of WHY I've ever seen.
You should do a video on ethical index funds / ETFs
I have investments and this is helpful in principle. I definitely think you're right that investing in the global market is sensible but I don't want my money however small the amount to be going towards fossil fuels or harmful things like that. I'd love to know how to invest within moral boundaries, obviously different for everyone but when I try to find global funds that are available for me with stipulations like this it's extremely hard to navigate
It’s more insidious than that. Lets say you received a 4% pay rise and inflation grew at 3% you may be worse off. Why ? Because the 4% pay rise is taxed and depending on your marginal rate you are likely losing at least 25% to the government that caused the inflation in the first place.
it is funny how every 'money influencer' emphasises the fact that 'past performance is no guarantee of future performance' while encouraging everyone to dump their hard-earned cash into the market while the sharks like Buffet are running away from it 🙂
Difference with backing an index over a single company or a sector is that it's continually rebalanced. If nvidia or the tech sector as a whole crashes then yes it will affect the index price, but another sector will take over which will get captured by the index. Using an index like S&P500 essentially guarantees you'll be picking the top at whatever time so in the long term, unless America as a whole starts to fail. Obviously it could happen but it doesn't seem likely. Japan was a bubble, but America has gone way beyond being a bubble.
I personally have my pension in a low risk global fund and my own personal investment wrapped in an ISA in just a GBP S&P 500 ETF. I put 10% of my net salary in there and the rest is in savings accounts.
Hilarious presentation but very informative! 😂
@ 5:37 You get virtually no return on your £200/ month for ten years and its only after thirty years that compound interest starts working for you
My £5 note is worth far less than it was yesterday.
The only way to make money is borrow it from someone !
11:29 is exactly how I feel 😂
I started dabbling just using Trading 212 around the end of the second Covid lock down in the UK. Eventually had the confidence to put a sizeable (for me) that I’ve held long term. Have sold off some like Amex, Amazon but used the difference to up my Apple holding. Have since opened a cash LISA and a stocks and shares ISA both with Moneybox who handle everything on my behalf as I’ve not a clue what I’m doing 😅. And also very recently bought gold with the Royal Mint which I really regret not having done sooner.
Also I try to keep updated with the best easy access savers for if the proverbial shiitake hits the fan. Currently got 10% with Virgin Bank and also First Direct & Zopa both at 7.5%.
Fantastic video, really easy to follow and understand. Like others in the comments I wish this was mandatory to be taught in school and that I’d done this sooner.
The major financial challenges faced by investors today are truly disheartening. I’m looking for advice on how to allocate some money in my 401k which holds a total of $1.6 million. I invested part of it into my Vineyard project, but unfortunately, it didn’t succeed. Now, I’m exploring options for investing the remainder, but I’m uncertain about the best direction to take, although i'm looking to invest in stock but i'm worried about losing more money.
Whomever decided to create an inflation based economic system was a swine.
They make chips…..😂😂😂
What are your thoughts on Bitcoin. Surely with all the money flowing into it over the last few years it can’t be ignored as an investment?
Simple watch trumps.mouth
I’m so glad there is so much more exposure to my generation, I’m 16 still in school and I’m putting money away to invest in the market when I turn 18
"Investing" in other peoples work and living an illusory life. I'm far from being a socialist but present day investing is destructive.
How old is he 22? lol
I'm a retired widow and debt free. I don't have a lot, but have everything I need. Finally living in peace. I earn $26k weekly in electric vehicle charging station and solar energy investments. It's been a game-changer for me!
Unfortunately, not all of us were financially literate early. I was 42 when I finally educated myself and started taking steps. I went from $37,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $450,000 net worth a . I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $150,000 annually) and don't owe a dime to anyone. It's a good feeling!
Really good video for those starting out investing, great explanations
I'd agree with you if we had 200+ year life spans. There here and now is the US whichever way you slice or dice it.
What a great advice. Put all your money into a global index fund, sit back and look at it when you retire. That’s the safest, risk free and great return approach. No stress, no difficulty.
If you want, play your games with separate money like into Nasdaq but for anyone wanting to beat inflation, save and compound away with 5%. This is the way
Damien what is your take on the upcoming investment platform Lightyear investing? Recent regulation by FCA and competitive fees – its becoming quite popular and reported so a video on this would be really useful!
one of the best investment videos on the internet
Amazing video. Really confidence inspiring. I find myself at 45 with £500k cash and want to retire at age 57. I thought about maxing pension to £60k each year plus £20k in an ISA. But what to do with the £ in the mean time? EFT wholenworld market? The every year sell £80k shares to fun the next round of ISA and pension?
Super clear and actionable investment advice!
Your channel got me into investing 3 years ago and this was the best decision I’ve ever made. I invest consistently on a monthly basis regardless of market fluctuations. I’ve even got my 12 year old daughter investing and I have no doubt that she will be very pleased by the time she turns 40 😊.
05:20 awesome advice
10:02 they really don't lol.
Trying to figure out – Damian mentioned Pension and ISA are a good place to start but then does that also mean I need an Index Fund as well or is that a Stocks And Shares ISA?
They should show this video in schools! Incredibly informative and easy to understand.
I’m hoping the first bit of advice is clear debts first. Tend to see a lot of people get into debt (not leverage as this is a beginner) and then start investing to try the quick fix.