Just want to point out that the FTSE250 is not the top 250 companies by market capitalization in the LSE - it's actually the top 101st to 350th companies by market capitalization. The FTSE350 is both of them combined, which would be the top 350 companies.
I'm sure she knew the specifics, but she was trying to explain it in Noob mode. If you're new to investing, market cap is not the first of your worries :))
I totally love this pod casting that you do. You have given me the confidence to start investing now; I love you saying that you are now at the point where you could not work for five years. So ... based on what I have been listening to I have now invested £20, 000 into a stocks and shares product, with another £80, 000 into my pension which is now doing really well (also I don't actually pay income tax because of the amount of monthly pension I contribute which gives me more free money). Next year I am now set for another £40, 000 to invest in futures while having additional emergency funds available. Well done with this guys!!! I genuinely think you are helping to democratize investing.
@29:00 re: crypto. Here's my plan: Buy a pound of gold and a bitcoin (they are about the same price). If in 10 years, the bitcoin goes to 0, the gold will probably have gone to 2x, thus negating the loss. If BTC goes to $1m per coin, then ker-ching.
Really enjoying these podcasts and being introduced to new, interesting people who are very knowledgable on the subject of finance! Thanks for putting this together mate.
I think the analogy for the apple tree that's really useful is: you water the tree and care for it every year. However, if one year it doesn't produce very many apples, you hopefully wouldn't stop watering it and chop it down in frustration. The same way that if the value of one or more of your holdings goes down you don't immediately pull those funds out.
Question for the the Guys or the overall community... where is best to invest in funds if I've got no upfront capital but just wanted to get started at £50 per month?
I'm interested. I doubt Damo would be able to name a specific platform and ETF if he's not able to give out advice but it's this kind of information that I'd like to know too. How do I know if the ETF I've just chosen is the "best" one in the short/long term?
Find a platform with low fees that allows you to buy regularly and cheaply. Pick a fund that is broadly diversified- vanguard for example do index funds that track the world markets. Personally I own 3 ETF’s that track Europe, emerging markets and s&p500. Invest every month and wait a long time. It really is easy and very boring. Don’t worry about market crashes, or market bubbles. As long as you are broadly diversified it’s all just noise over the long term it won’t matter. Never deviate from your strategy and stick at it month after month, year after year. That’s all there is to it.
If we're being honest with ourselves, the vast majority of people invested in crypto are speculators. Few know what they're really invested in, especially when it comes to altcoins
Anyone already opted in to workplace pensions or re opting be aware of what the default fund is. I noticed with my last 2 that they were left in money market funds which I now know are totally wrong for someone at the beginning of their working life. As an example over 5 years in my last employers pension I would have been up 130% if they just left it in a global fund. This even accounts for the big dips during COVID and even now I would still be way up compared to the 10% the standard fund has achieved. I feel like this is by design so they keep they're funds liquid and only they profit while inflation is eroding our future pot. I have now withdrawn both to a vanguard SIPP to invest myself. Im sitting in cash while I wait for a crash, I know people say this is wrong but I feel that as I have been let down by my last pension the only way to make up ground will be to time the market.
@@kw8757 i have allocated some and already up alot more than my old pensions achieved in 5 years. Thats only with 50% allocated while i wait for a bigger correction 😄.
The guy on the left is pretty much clueless. Seems he never heard about FIRE 😮 Thank to you Damien I opened my first ss isa at age 34. I've put £100 each into vwrl, rbod, inrg. Let it grow for 25 years.
Just want to point out that the FTSE250 is not the top 250 companies by market capitalization in the LSE - it's actually the top 101st to 350th companies by market capitalization. The FTSE350 is both of them combined, which would be the top 350 companies.
I'm sure she knew the specifics, but she was trying to explain it in Noob mode. If you're new to investing, market cap is not the first of your worries :))
Not sure how we missed that error in editing! We have removed that now (it might take a few hours to update) - thanks...
Another great vid guys 😊 what ISA would you recommend
Sounded like the hosts knew more about investing than the guest
Your parents didn't tell you coz they weren't told themselves and didn't have access to the tools to invest in the way that are available nowadays.
I totally love this pod casting that you do. You have given me the confidence to start investing now; I love you saying that you are now at the point where you could not work for five years.
So ... based on what I have been listening to I have now invested £20, 000 into a stocks and shares product, with another £80, 000 into my pension which is now doing really well (also I don't actually pay income tax because of the amount of monthly pension I contribute which gives me more free money). Next year I am now set for another £40, 000 to invest in futures while having additional emergency funds available.
Well done with this guys!!! I genuinely think you are helping to democratize investing.
This is turning in to the screenplay of "Rich Dad, Poor Dad". :-)
...which is a compliment...
Your podcasts should be shown in colleges and universities 👏
I guess it comes down to the psychology of money (book)..... When your parents were born can influence their psychology of money.
@19:00 FTSE 250 are the _next_ 250 after FTSE 100...
As soon you start investing, you'll see how good it is and be putting in more
Great listen again! I'm already looking forward to next weeks pod :)
Thanks lad!
Thanks lad!
@29:00 re: crypto. Here's my plan: Buy a pound of gold and a bitcoin (they are about the same price). If in 10 years, the bitcoin goes to 0, the gold will probably have gone to 2x, thus negating the loss. If BTC goes to $1m per coin, then ker-ching.
No such thing as an expert, ask Neil Woodford or Nick Leeson...
"WTF is a ready meal?" - Jack Bogel.
But I like the analogy...
This is the first time that i comment to a video but good job man you are brillinat
Thank you!
So basic can't really learn off her
Scared money don't make money. 🐸
She hasn't got a clue 😅
Really enjoying these podcasts and being introduced to new, interesting people who are very knowledgable on the subject of finance! Thanks for putting this together mate.
I have listened to every one. Great podcast. Very informative and very down to earth discussions with professional people. Addictive stuff. 👍👍
Thanks Karl! What a lovely comment. So glad you're finding it useful.
MM Team
If in doubt zoom out.
Love this podcast
I think the analogy for the apple tree that's really useful is: you water the tree and care for it every year. However, if one year it doesn't produce very many apples, you hopefully wouldn't stop watering it and chop it down in frustration. The same way that if the value of one or more of your holdings goes down you don't immediately pull those funds out.
I thought T has student loans?
What is the right amount of stocks to invest in? I invested into 45 stocks and two ETFs
Biggest mistakes loan to banks by saving accounts biggest mistake.
35:59 looking after her inheritance!
Wow
This is really great content
Keep up the good work!
How do you leave a question for your podcast?
Question for the the Guys or the overall community... where is best to invest in funds if I've got no upfront capital but just wanted to get started at £50 per month?
I'm interested. I doubt Damo would be able to name a specific platform and ETF if he's not able to give out advice but it's this kind of information that I'd like to know too. How do I know if the ETF I've just chosen is the "best" one in the short/long term?
A cash ISA isn't a bad shout. Damo did a video recently on his channel talking about the different types of ISAs.
Find a platform with low fees that allows you to buy regularly and cheaply. Pick a fund that is broadly diversified- vanguard for example do index funds that track the world markets. Personally I own 3 ETF’s that track Europe, emerging markets and s&p500. Invest every month and wait a long time. It really is easy and very boring. Don’t worry about market crashes, or market bubbles. As long as you are broadly diversified it’s all just noise over the long term it won’t matter. Never deviate from your strategy and stick at it month after month, year after year. That’s all there is to it.
@@ukclarkkent there is no “best” etf. What do you mean by short term/long term? What etf is it?
@@andypayne2743 any point in buying ETFs if you have a a global index fund?
I’ve just listened to the podcast. Excellent!
Can you walk us step by step on how to start investing in funds? Thanks
check out our video on investing in index funds here: th-cam.com/video/Gu66rpxjLy4/w-d-xo.html
The people you invite are amazing but I don't understand comments regarding crypto and other "gambling like investment "
If we're being honest with ourselves, the vast majority of people invested in crypto are speculators. Few know what they're really invested in, especially when it comes to altcoins
Look forward to this podcast every week 😊
This lady's great! Just bought a copy 👏👏
Another brilliant episode guys!
First 😂🎉
Congrats Sir!
Great episode once again guys, keep on doing what you do!
Anyone already opted in to workplace pensions or re opting be aware of what the default fund is. I noticed with my last 2 that they were left in money market funds which I now know are totally wrong for someone at the beginning of their working life. As an example over 5 years in my last employers pension I would have been up 130% if they just left it in a global fund. This even accounts for the big dips during COVID and even now I would still be way up compared to the 10% the standard fund has achieved. I feel like this is by design so they keep they're funds liquid and only they profit while inflation is eroding our future pot. I have now withdrawn both to a vanguard SIPP to invest myself. Im sitting in cash while I wait for a crash, I know people say this is wrong but I feel that as I have been let down by my last pension the only way to make up ground will be to time the market.
Are you still waiting or have you bought back in? Just interested to know how it worked out for you and how you fared.👍
@@kw8757 i have allocated some and already up alot more than my old pensions achieved in 5 years. Thats only with 50% allocated while i wait for a bigger correction 😄.
Crackin🍻
Damo has a son ❤❤
You used some good annalogy's there Damien and im Enjoying these Podcasts mate Well done Good luck with the next episodes
👍🏻
Awesome stuff guys 👌
Thank you 🙌
Beautiful stuff...
The podcast ain't half bad either 😎
What cans? Bud Light or is that something else?
Does she write "Finking" "Fousand “" Wevva" and "Wiv" in her book?
Where's your book?
The guy on the left is pretty much clueless. Seems he never heard about FIRE 😮
Thank to you Damien I opened my first ss isa at age 34. I've put £100 each into vwrl, rbod, inrg. Let it grow for 25 years.