If you liked this video, why not sign up for my FREE weekly Market Roundup. I send it out each Friday and it’s packed full of interesting insights and a roundup of the news that’s most relevant for investors pensioncraft.com/market-roundup/
Hit two hundred grand today. Thank you for all the knowledge and nugget you have thrown my way since last year. The hedge fund you talked then was the game chaNgeR for me. Since I started working with them everything just aligned for good
My personal market top of the past 30 years was july 10th. Getting out of the market has never worked for me. But reducing risk is getting more attractive.
Both my wife and I invest in pretty much the same ETFs but use separate accounts. During the latest wobble she panicked and sold out whilst I did absolutely nothing and now I’m almost recovered. It’s incredible how different people deal with the volatility differently. I’ve got ADHD and apparently we are more prone to take risks. I felt absolutely nothing and just carried on with my day😊
Love your newsletter, Ramin, you humor is top notch and I get a glimpse of some of the vital economic news I just don't see myself elsewhere most of the time
Hi @kevinu.k.7042 for our members we have several videos about this such as "When Would Hedged Equity Trackers Outperform?" www.pensioncraft.com/patreon-post/when-would-hedged-equity-trackers-outperform/ A currency hedge would make sense if you think sterling will strengthen over the period that you will be holding foreign investments. For most people this is many years and if that's the case then for a stock fund it makes less sense as the volatility drowns out currency volatility. For bond funds it makes more sense because there the volatility of the investment may well be less than the 10%-ish volatility of major currency pairs. But I don't personally bother with currency hedges. Thanks, Ramin
Since 2022 TLT, or any other long duration government bond funds have been seriously hammered. I wonder how they'll do going forward now the yields have risen significantly and prices down a lot
The Shiller PE remains high for the US . BEN GRAHAM recommended a 50/50 split of stocks/bonds in normal times with rebalancing and as low as 25% for stocks if prices are high . I currently have a 50/50 split stocks/money market and will rebalance soon to pick up some cheaper stocks. So if you don’t know what to do I think the 50/50 split works well and 50% of your assets are always available regardless of your time line, and every stock crash gives you a rebalance opportunity. If you are risk averse go for a 25/75 split of stocks/money market especially with the current high stock values. If stock values are down to the Schiller average go for a 75/25 stocks/money market balance. But to avoid the chopping and changing maybe just go for the 50/50 split and rebalance.
Hi @antonisdee so true! I did nothing and it turned out okay. In fact some of my best trades were when I forgot to trade 8-) But my core investment is investment I hold until I need it without fiddling with it. Thanks, Ramin.
Interesting insight. This reminds me how I cracked my second million in my dividend portfolio investing with the help of a finance manager who trades for me.
Great vid as always from Ramin. Just wondering when the global tracker graph ended as it showed it was still well down? I hold LGGG which dropped 7% but is now back to less than 0.2% below where it was pre "crash". So rather than hedge, on this occasion it was ok to just sit on your hands. Didn't buy the dip - I agree with Ramin there may be more to come (I hope).
Thanks, Ramin. I want to point out that consumer staples, healthcare, and Industrial offer good hedges during the recession. All of these can be accessed through invesco ETF at 14bps.
We need to talk more about hedging and risk management criteria because if you're buying individual stocks you need to a quaint yourself with risk mitigation strategies and products. Index investors might benefit too, as as buying certain ETFs can mitigate risk in a portfolio.
Thanks for another engaging and informative video Ramin and I always like the “thank you for listening” comment but have missed the intro “let’s look at this in a bit more detail”, which I haven’t heard for a while 😅
The example of TG65 as a hedge for VHVG was incredible to see. Ramin, do you have TG65 in your own portfolio ? If so, what would you consider an effective ratio of VHVG:TG65 to have?
Hi @GordyCole1 that was just an example of a long-maturity gilt not a recommendation! But I don't hold any TG65. When I buy gilts I hold to maturity and that particular gilt, and a growing proportion of the UK yield curve, is going to outlive me! The problem with long duration gilts is that they themselves are risky with volatility comparable to a global equity index. So I'd say a money market might also be something to think about at the moment (September 2024) as the income is currently just under 5% on many of them. For almost no duration risk that's pretty good. Thanks, Ramin.
Hi Ramin, I understood it wasn’t a recommendation on your part but I was just appreciating your example was a very good hedge in your illustration. Thanks for your reply, your content is so good and I’m learning a lot from you.
Great video as always, thank you for the brilliant content. One thing I would question about what you say is when you talk about holding a single Gilt to maturity being essentially zero risk. In my opinion not marking something to market doesn't remove the short term loss. Sure you kind of get it back later when the bond matures, but the 'loss' that remains is the lost opportunity of investing in something else. The way you describe it is kind of like just putting cash in a shoe box under the stairs! Anyway, other than me being pedantic about this - please keep up the great content!
Hi @alphadog5676 I think gilts are special in the sense that (a) their future cash flows are known exactly and (b) you don't have to sell them to realise their value if you hold to maturity. There is uncertainty, however, as you say because of opportunity risk and also reinvestment risk i.e. you don't know the reinvestment rate for the coupons. Thanks, Ramin.
Hi from Portugal! 🇵🇹 Thank you for your fantastic videos! I've learned so much from them, even though most of the content focuses on the UK. I'm curious, what books would you recommend for further reading?
I understand much better now. Thank you, sir. ... I was wondering, would 'buying the dips' be considered 'a 'hedge?.. I was buying the dips of Nvidia and the TQQQ, and so far so good.?
I was on vacation and missed it. Whole portfolio is back. I guess if you won't active trade going on vacation is the best hedge. Only upset I missed the free money during the dip.
I was 10% in cash Monday as I'd sold some things Friday it was by coincidence totally the right day for me to buy which I did 😂 I did only buy UK stocks BTW
I had the same experience but with US stocks. In my case, I was starting to think about catalysts and what would move the market next. Not feeling confident, I sold just over 12% of my equities on Friday, and put it all right back in on Monday morning just before US markets opened. which was perfect timing. For example, my Nvidia shares are up 37%, Tesla shares went up 18% and Amazon shares are up 15% in just 10 trading sessions. I'm new to managing my stocks, instead of paying a 3rd party to do a worse job, and this was the first time that I sold some off and kept as cash. Blind luck, lol. From what others have said, don't try this at home.
I think people should also consider that maximising your returns is not a good objective for all of your assets. The important thing is to have enough cash when you need it. I recommend the Ben Graham default 50/50 stocks/money market split. 50% of your assets are safe and if stocks crash it’s an opportunity rather than something to fear.
Another great video. Many have been predicting some kind of correct - myself included - partly due to the inflated share prices of the magnificent seven. I don't think anyone predicted that it would be caused by the Japanese carry trade. Just goes to show that no-one can really predict stock market performance.
Id love to have a 30y, 40y or even 50 year bond ETF in my portfolio, but cant find any such ETFs in my broker's lists. It would suffer brutal loses in the last 3 years, but Im totally fine with that being a DCA investor...Its unfortunate that in my country I cant access individual bonds except through a secondary market on International Brokers, which isn't the same thing.
Would have thought that if most of your investment assets are in USD then USD would not be a hedge for your portfolio, you might need safe haven assets that are not USD denominated.
Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place..
Ruffer Investment Trust and BH Macro Investment Trust worked well - both went up when everything else was falling so I sold some into the rise and bought or added to stuff that had fallen. iShares 20+ Year US Treasury etfs (IBTL / IDTG) also went up when everything else was going down.
@@jimbojimbo6873 Well up to a point yes, but it's always going to be terrible in a bull market due to the very low exposure to equities and over the past year or two it hasn't preserved capital to the extent it may have been expected to. But it can act as an effective hedge, as it did in early August. I happened to have an existing holding which as it rose nicely when everything else was falling provided some funds to reinvest in other things that had fallen and were likely to bounce back. Is it worth holding as a kind of hedge or insurance against a crash? I don't know, although I expect if things went really pear shaped it would do quite well. Perhaps a better option is a money market fund which currently at least provides a better income while providing a source of ready cash to take advantage of falls..?
Can you make a video about managed futures? There are some very interesting ETFs (KMLM, DBMF, CTA) and after doing some research I’m kind of tempted to invest in that asset class.
Yes some of the more esoteric ETF's like DRSK sailed through the downturn without a blip. ( YTD Daily Total Return 11.98% ) the long/short managed futures appear to lower volatility considerably. second Ramin to to cover them.
I would love to know views on the the investability of single Guilts for the investor with a few thousand pounds. The platforms are limited and the fees seem prohibitive. What is your viewRamin?
Hi @user-rt2tw6pm5t I talked about where you can buy gilts and the costs of doing so on various UK platforms in this video "How To Buy UK Gilts" th-cam.com/video/eNdYgB0pqwM/w-d-xo.html The fees aren't too bad on some platforms. Thanks, Ramin.
I have single gilts on HL (fund and share / GIA), there is no holding fee, just pay the broker fee and yes, not cheap and best doing for 10k min. I use them to park next years ISA, locked in good rates and low coupon ones means no tax incurred.
Which hedges worked for now can be used at the other 4 sell-off's to come!, speaking of S&P 500😉 So 4 down that means 4 up, including current one, so sell now or on one of the other 3.....
Hi @xst-k6 central banks take their job towards their domestic economy very seriously so I don't think the US economy was necessarily a significant driver of their policy change. Yield curve control had to end eventually and inflation was clearly up (2.8%), the yen's weakness was adding to this via passthrough and this is part of a longer term normalisation of monetary policy. Thanks, Ramin.
Great video Ramin, thanks as always! Good to know exactly what caused the recent correction 😅! I’m currently trying to understand if I need to do anything with a W8-Ben form after Damien mentioned it in his latest video 🙄😂! I don’t think so though as I’m VG UK All-Cap and Dev ex. UK index investor? Also, great to further understand what I actually need to do once in retirement, i.e. 3 pots, Risky, Safe, Mix, etc. lots of videos out there about ‘the now’ but I’m never quite sure about what to do as I approach or hit retirement 😂. I’m only 38 so got a while yet! Keep up the good work…Cheers, Jack 👍
I’m retired and will just draw the necessary amount and adjust living expenses (if needed) accordingly, from my portfolio. I think having different pots etc, can overcomplicate. Keep it simple.
@@VoiceOfThe This is very interesting, thanks! I’m a fan of keeping it simple! You’re not supposed to ‘kick your pot’ if/when it’s down though, are you? Thus, having a few pots can be helpful to allow the ‘risky’ investments time to recover, if necessary…?
@@battj1 I know what you mean, but, I prefer to abide by the 4% rule. Two fund portfolio. 80-85% equites, 15-20% bonds. Cash on standby to assist if needed. Turn off the news and get on with life. That’s my motto.
Great to finally see Bitcoin (BTC) being included in your presentations, it's been a while coming. Now Larry's ligitimised it, it really should be part of people's portfolios. In terms of risk management and emotional tolerance, just allocate a small (to medium if you're keen) proportion to BTC, you'll soon learn to manage emotions and 30% stock market crashes will be taken in your stride 😂
Hi @MrFrobbo I think in the UK it won't be legitimised until there's an ETF that people can include in their ISA or SIPP and that may be a long time coming. I only included it to show the crazy volatility. But I've made videos about cryptocurrency and yield farming in the past. Thanks, Ramin.
always does, sell gold buy bargain stocks I sold 2pc of my gold to buy google which I wanted for a while. Gold bounced back as people sold at a loss to buy safe gold
So in the grand scheme of things, the carry trade isn't actually that big a deal then? ...Just a few hedge funds and banks faffing around with it to make a few bucks
To a point, but 5% interest means that if you have more than £20k then you'll be paying tax on some of that interest. A money market fund within an ISA or SIPP avoids that.
@@trentlyght2350 Only what Buffet and Munger have been secretly telling the entire world for decades: invest in boring companies with dependable business models which are managed by a strong team 😅
I think your newsletter humour risk is concentrated on "animals doing silly things" especially dogs and cats. You need to rebalance and diversify initially into more varied animals and then away from animals. Wile standard methodology might be 60% animals and 40% humans doing silly things consider experimenting with a fun fun portfolio, maybe with stand up, sarcasm (we're British after all), etc. If your appetite for risk is high, maybe even consider German humour ? Although I'm not sure many platforms offer this and the fees will undoubtedly be high since they got rid of the mark and Russian gas.
Hi @malcolmhedges7346 the funny tweet is always popular in the Market Roundup. Personally I veer towards purely dog-based tweets but have branched out into other animals including, yes, c**s (my dog Teddy would be horrified if he knew). A fun fun portfolio would be interesting and another innovative way to lose money 8-) Thanks, Ramin.
Hi @paulturner4419 buckets are a way of deciding your strategic asset allocation. The timing is imposed by your life events (birth, when you need the money in your financial plan). I don't think there's any way around that and ignoring those factors could lead to bad outcomes. Thanks, Ramin.
@@Pensioncraft yes agree we are all born as market timers, at some point you have to start selling. Replenishing the various buckets in retirement is market timing. spending from cash bucket you are trying to time a bear market. With cash you have effectively chosen to sell your portfolio to that value at any point in time.
@@Pensioncraft an alternative is to actively manage risk with trend following (serial auto correlation) and try to time trends in markets. Sites like allocatesmartly are making that easier for the average investor/retiree.
Hi @elgagalari it has been a while since someone has said that but no, I don't wear lipstick. I don't think it would improve my looks! Laura & I think it might just be the lighting I use, but she always finds it amusing when someone says this so thanks from her 8-) Ramin.
If you liked this video, why not sign up for my FREE weekly Market Roundup. I send it out each Friday and it’s packed full of interesting insights and a roundup of the news that’s most relevant for investors pensioncraft.com/market-roundup/
I stuck my head in my bay tree hedge, that worked.
Another great video. I tell so many people about you and pensioncraft.
Hi @timwood101 that's great, glad you enjoyed the video and please do tell your friends about us! Thanks, Ramin.
Actually my funds are almost back to where they were before this fluff started.
Hit two hundred grand today. Thank you for all the knowledge and nugget you have thrown my way since last year. The hedge fund you talked then was the game chaNgeR for me. Since I started working with them everything just aligned for good
It wasn't more than a slight spasm, a wobble for a few weeks, no big deal. It's recovered, pretty much anyway.
Back to a state of competency then...
Not exactly. VIX is highest in 50 years.
@@EllyMoody oh those dam graphs 📊
This time.
@@EllyMoody it's back below 15 lol
My personal market top of the past 30 years was july 10th. Getting out of the market has never worked for me. But reducing risk is getting more attractive.
This is really an awesome insight, thank you!
As usual, excellent video, big thank you❤
So nice of you @ewas4835
Both my wife and I invest in pretty much the same ETFs but use separate accounts. During the latest wobble she panicked and sold out whilst I did absolutely nothing and now I’m almost recovered. It’s incredible how different people deal with the volatility differently. I’ve got ADHD and apparently we are more prone to take risks. I felt absolutely nothing and just carried on with my day😊
Love your newsletter, Ramin, you humor is top notch and I get a glimpse of some of the vital economic news I just don't see myself elsewhere most of the time
Excellent as usual
Thanks again @timetraveller3063
Thank you - Excellent for me.
Would you please consider covering the advantages and disadvantages of currency hedged ETFs? Thanks.
Hi @kevinu.k.7042 for our members we have several videos about this such as "When Would Hedged Equity Trackers Outperform?" www.pensioncraft.com/patreon-post/when-would-hedged-equity-trackers-outperform/ A currency hedge would make sense if you think sterling will strengthen over the period that you will be holding foreign investments. For most people this is many years and if that's the case then for a stock fund it makes less sense as the volatility drowns out currency volatility. For bond funds it makes more sense because there the volatility of the investment may well be less than the 10%-ish volatility of major currency pairs. But I don't personally bother with currency hedges. Thanks, Ramin
TLT worked fantastically for me.
Since 2022 TLT, or any other long duration government bond funds have been seriously hammered. I wonder how they'll do going forward now the yields have risen significantly and prices down a lot
Thanks a million times for making this video.
Glad it was helpful @ananitashaigges2116
The Shiller PE remains high for the US . BEN GRAHAM recommended a 50/50 split of stocks/bonds in normal times with rebalancing and as low as 25% for stocks if prices are high . I currently have a 50/50 split stocks/money market and will rebalance soon to pick up some cheaper stocks.
So if you don’t know what to do I think the 50/50 split works well and 50% of your assets are always available regardless of your time line, and every stock crash gives you a rebalance opportunity. If you are risk averse go for a 25/75 split of stocks/money market especially with the current high stock values.
If stock values are down to the Schiller average go for a 75/25 stocks/money market balance. But to avoid the chopping and changing maybe just go for the 50/50 split and rebalance.
We could absolutely protect our wealth (by not selling) 😎
P.S. I sold at the bottom and bought again at a slightly higher price 🫠
@@george6977 I thought it would go even lower 🤷
Hi @antonisdee so true! I did nothing and it turned out okay. In fact some of my best trades were when I forgot to trade 8-) But my core investment is investment I hold until I need it without fiddling with it. Thanks, Ramin.
Interesting insight. This reminds me how I cracked my second million in my dividend portfolio investing with the help of a finance manager who trades for me.
Glad you enjoyed it @robduncan7454
That's beautiful, who trades for you? Also how do I reach out?
Okay, she is Emmennet Jaccque Barrett. Research her
This is incredible! Congratulations. I work with same lady, Emmennet Jaccque Barrett. Met her at a finance seminar in NY.
Great vid as always from Ramin. Just wondering when the global tracker graph ended as it showed it was still well down? I hold LGGG which dropped 7% but is now back to less than 0.2% below where it was pre "crash". So rather than hedge, on this occasion it was ok to just sit on your hands. Didn't buy the dip - I agree with Ramin there may be more to come (I hope).
Excellent and balanced as always
Glad you think so @MrHotrod79
Thanks, Ramin. I want to point out that consumer staples, healthcare, and Industrial offer good hedges during the recession. All of these can be accessed through invesco ETF at 14bps.
Thanks a ton for making this video!!
My pleasure @saravanprathi6956
What a video ,thank you sir
Thanks @raf1x911
We need to talk more about hedging and risk management criteria because if you're buying individual stocks you need to a quaint yourself with risk mitigation strategies and products. Index investors might benefit too, as as buying certain ETFs can mitigate risk in a portfolio.
@@CuriousCrow-mp4cx Agreed. Half my portfolio is single stocks, with some bonds and precious metals. The other half is in global funds.
This is when planning for retirement in the future. What is the plan of action when you are already retired and in drawdown?
cash, bond, gold
I'd be more invested in money market funds, bonds and cash
Thanks for another engaging and informative video Ramin and I always like the “thank you for listening” comment but have missed the intro “let’s look at this in a bit more detail”, which I haven’t heard for a while 😅
Hi @andrewbriggs7495 I got bored of hearing myself say it but maybe it's time I brought it back! Thanks Ramin
Really interesting insights !
Thank you @GhostPrefix
The example of TG65 as a hedge for VHVG was incredible to see. Ramin, do you have TG65 in your own portfolio ? If so, what would you consider an effective ratio of VHVG:TG65 to have?
Hi @GordyCole1 that was just an example of a long-maturity gilt not a recommendation! But I don't hold any TG65. When I buy gilts I hold to maturity and that particular gilt, and a growing proportion of the UK yield curve, is going to outlive me! The problem with long duration gilts is that they themselves are risky with volatility comparable to a global equity index. So I'd say a money market might also be something to think about at the moment (September 2024) as the income is currently just under 5% on many of them. For almost no duration risk that's pretty good. Thanks, Ramin.
Hi Ramin, I understood it wasn’t a recommendation on your part but I was just appreciating your example was a very good hedge in your illustration. Thanks for your reply, your content is so good and I’m learning a lot from you.
I’ll take a look at some money markets as you have suggested. Thanks again!!!
Great video as always, thank you for the brilliant content. One thing I would question about what you say is when you talk about holding a single Gilt to maturity being essentially zero risk. In my opinion not marking something to market doesn't remove the short term loss. Sure you kind of get it back later when the bond matures, but the 'loss' that remains is the lost opportunity of investing in something else. The way you describe it is kind of like just putting cash in a shoe box under the stairs! Anyway, other than me being pedantic about this - please keep up the great content!
Hi @alphadog5676 I think gilts are special in the sense that (a) their future cash flows are known exactly and (b) you don't have to sell them to realise their value if you hold to maturity. There is uncertainty, however, as you say because of opportunity risk and also reinvestment risk i.e. you don't know the reinvestment rate for the coupons. Thanks, Ramin.
Great video loved it!
Glad you enjoyed it @josephblake8167
I do too
Yes
Really nice
Taking my 25% TFLS and use this as a bucket strategy now retirement is imminent
Hi from Portugal! 🇵🇹 Thank you for your fantastic videos! I've learned so much from them, even though most of the content focuses on the UK. I'm curious, what books would you recommend for further reading?
You're so welcome @sergiopereira2731
I understand much better now. Thank you, sir. ... I was wondering, would 'buying the dips' be considered 'a 'hedge?.. I was buying the dips of Nvidia and the TQQQ, and so far so good.?
Great video, Ramin 😊
Thank you! 😃 @TomsPersonalFinance
I was on vacation and missed it. Whole portfolio is back. I guess if you won't active trade going on vacation is the best hedge. Only upset I missed the free money during the dip.
I was 10% in cash Monday as I'd sold some things Friday it was by coincidence totally the right day for me to buy which I did 😂 I did only buy UK stocks BTW
I had the same experience but with US stocks. In my case, I was starting to think about catalysts and what would move the market next. Not feeling confident, I sold just over 12% of my equities on Friday, and put it all right back in on Monday morning just before US markets opened. which was perfect timing. For example, my Nvidia shares are up 37%, Tesla shares went up 18% and Amazon shares are up 15% in just 10 trading sessions. I'm new to managing my stocks, instead of paying a 3rd party to do a worse job, and this was the first time that I sold some off and kept as cash. Blind luck, lol. From what others have said, don't try this at home.
Thanks for another informative video 👍
Thank you @PAZPERDEE
I think people should also consider that maximising your returns is not a good objective for all of your assets. The important thing is to have enough cash when you need it. I recommend the Ben Graham default 50/50 stocks/money market split. 50% of your assets are safe and if stocks crash it’s an opportunity rather than something to fear.
Another great video. Many have been predicting some kind of correct - myself included - partly due to the inflated share prices of the magnificent seven. I don't think anyone predicted that it would be caused by the Japanese carry trade. Just goes to show that no-one can really predict stock market performance.
whats your thoughts on 3x SPX funds? Returns have been fantastic since the recent flash crash.
Thank You.
You're welcome @DPTrainor1
Id love to have a 30y, 40y or even 50 year bond ETF in my portfolio, but cant find any such ETFs in my broker's lists. It would suffer brutal loses in the last 3 years, but Im totally fine with that being a DCA investor...Its unfortunate that in my country I cant access individual bonds except through a secondary market on International Brokers, which isn't the same thing.
Would have thought that if most of your investment assets are in USD then USD would not be a hedge for your portfolio, you might need safe haven assets that are not USD denominated.
Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place..
Hi @amytuttle1621 I agree completely. Goals should come first and your investments should be structured to achieve those goals. Thanks, Ramin.
Thank you
You're welcome @Eli-qr9hc
Ruffer Investment Trust and BH Macro Investment Trust worked well - both went up when everything else was falling so I sold some into the rise and bought or added to stuff that had fallen. iShares 20+ Year US Treasury etfs (IBTL / IDTG) also went up when everything else was going down.
Yeh but Ruffer investment trust as a whole is terrible
@@jimbojimbo6873 Well up to a point yes, but it's always going to be terrible in a bull market due to the very low exposure to equities and over the past year or two it hasn't preserved capital to the extent it may have been expected to. But it can act as an effective hedge, as it did in early August. I happened to have an existing holding which as it rose nicely when everything else was falling provided some funds to reinvest in other things that had fallen and were likely to bounce back. Is it worth holding as a kind of hedge or insurance against a crash? I don't know, although I expect if things went really pear shaped it would do quite well. Perhaps a better option is a money market fund which currently at least provides a better income while providing a source of ready cash to take advantage of falls..?
I'd love a full deep dire on covered call ETFs
Check out the many happy returns pod cast!
I took the opportunity to buy a couple of things that are also on your market crash shopping list. Scottish Mortgage and Rio Tinto.
I too did the same. Bought some Scottish mortgage. Cheers
Can you make a video about managed futures? There are some very interesting ETFs (KMLM, DBMF, CTA) and after doing some research I’m kind of tempted to invest in that asset class.
Yes some of the more esoteric ETF's like DRSK sailed through the downturn without a blip. ( YTD Daily Total Return 11.98% ) the long/short managed futures appear to lower volatility considerably. second Ramin to to cover them.
I would love to know views on the the investability of single Guilts for the investor with a few thousand pounds. The platforms are limited and the fees seem prohibitive. What is your viewRamin?
Hi @user-rt2tw6pm5t I talked about where you can buy gilts and the costs of doing so on various UK platforms in this video "How To Buy UK Gilts" th-cam.com/video/eNdYgB0pqwM/w-d-xo.html The fees aren't too bad on some platforms. Thanks, Ramin.
@@Pensioncraft T😅hank you so much Ramin. I have watched the link and it was extremely informative.
I have single gilts on HL (fund and share / GIA), there is no holding fee, just pay the broker fee and yes, not cheap and best doing for 10k min. I use them to park next years ISA, locked in good rates and low coupon ones means no tax incurred.
Maybe best ever video; it goes right to the heart of private investor strategy
So pleased you enjoyed it @ianw5725
Which hedges worked for now can be used at the other 4 sell-off's to come!, speaking of S&P 500😉 So 4 down that means 4 up, including current one, so sell now or on one of the other 3.....
Anyone else wondering why the BOJ raised rates when the US stocks were up and doing well? 🤔
Hi @xst-k6 central banks take their job towards their domestic economy very seriously so I don't think the US economy was necessarily a significant driver of their policy change. Yield curve control had to end eventually and inflation was clearly up (2.8%), the yen's weakness was adding to this via passthrough and this is part of a longer term normalisation of monetary policy. Thanks, Ramin.
Great video Ramin, thanks as always! Good to know exactly what caused the recent correction 😅!
I’m currently trying to understand if I need to do anything with a W8-Ben form after Damien mentioned it in his latest video 🙄😂! I don’t think so though as I’m VG UK All-Cap and Dev ex. UK index investor?
Also, great to further understand what I actually need to do once in retirement, i.e. 3 pots, Risky, Safe, Mix, etc. lots of videos out there about ‘the now’ but I’m never quite sure about what to do as I approach or hit retirement 😂. I’m only 38 so got a while yet!
Keep up the good work…Cheers, Jack 👍
I’m retired and will just draw the necessary amount and adjust living expenses (if needed) accordingly, from my portfolio.
I think having different pots etc, can overcomplicate.
Keep it simple.
@@VoiceOfThe This is very interesting, thanks! I’m a fan of keeping it simple! You’re not supposed to ‘kick your pot’ if/when it’s down though, are you? Thus, having a few pots can be helpful to allow the ‘risky’ investments time to recover, if necessary…?
@@battj1
I know what you mean, but, I prefer to abide by the 4% rule.
Two fund portfolio. 80-85% equites, 15-20% bonds.
Cash on standby to assist if needed.
Turn off the news and get on with life. That’s my motto.
@@VoiceOfThe Yes, I like this, and it sounds like it works well for you…thanks 😊👍!
Great to finally see Bitcoin (BTC) being included in your presentations, it's been a while coming. Now Larry's ligitimised it, it really should be part of people's portfolios.
In terms of risk management and emotional tolerance, just allocate a small (to medium if you're keen) proportion to BTC, you'll soon learn to manage emotions and 30% stock market crashes will be taken in your stride 😂
Hi @MrFrobbo I think in the UK it won't be legitimised until there's an ETF that people can include in their ISA or SIPP and that may be a long time coming. I only included it to show the crazy volatility. But I've made videos about cryptocurrency and yield farming in the past. Thanks, Ramin.
@@Pensioncraft MSTR for ISAs 😉😎💪
Why did gold fall in the one day Monday crash ?
always does, sell gold buy bargain stocks I sold 2pc of my gold to buy google which I wanted for a while. Gold bounced back as people sold at a loss to buy safe gold
Gold. A watchful guardian, a silent protector.
So in the grand scheme of things, the carry trade isn't actually that big a deal then? ...Just a few hedge funds and banks faffing around with it to make a few bucks
So if you take risk into account, it looks like a regular savings account is the best hedge
To a point, but 5% interest means that if you have more than £20k then you'll be paying tax on some of that interest. A money market fund within an ISA or SIPP avoids that.
@@david_akerman Or simply a Trading 212 Cash ISA. At least then, you’re FSCS protected.
BERKSHIRE HATTAWAY worked well.
What did Berkshire know that the world didn’t know?
@@trentlyght2350 Only what Buffet and Munger have been secretly telling the entire world for decades: invest in boring companies with dependable business models which are managed by a strong team 😅
I think your newsletter humour risk is concentrated on "animals doing silly things" especially dogs and cats. You need to rebalance and diversify initially into more varied animals and then away from animals. Wile standard methodology might be 60% animals and 40% humans doing silly things consider experimenting with a fun fun portfolio, maybe with stand up, sarcasm (we're British after all), etc. If your appetite for risk is high, maybe even consider German humour ? Although I'm not sure many platforms offer this and the fees will undoubtedly be high since they got rid of the mark and Russian gas.
Hi @malcolmhedges7346 the funny tweet is always popular in the Market Roundup. Personally I veer towards purely dog-based tweets but have branched out into other animals including, yes, c**s (my dog Teddy would be horrified if he knew). A fun fun portfolio would be interesting and another innovative way to lose money 8-) Thanks, Ramin.
Buckets =Market Timing
Hi @paulturner4419 buckets are a way of deciding your strategic asset allocation. The timing is imposed by your life events (birth, when you need the money in your financial plan). I don't think there's any way around that and ignoring those factors could lead to bad outcomes. Thanks, Ramin.
@@Pensioncraft yes agree we are all born as market timers, at some point you have to start selling. Replenishing the various buckets in retirement is market timing. spending from cash bucket you are trying to time a bear market. With cash you have effectively chosen to sell your portfolio to that value at any point in time.
@@Pensioncraft an alternative is to actively manage risk with trend following (serial auto correlation) and try to time trends in markets. Sites like allocatesmartly are making that easier for the average investor/retiree.
14:00
Anyone born after 2000/ started investing after 2022 watch this
Physical gold was, and is, the place to be for the next few years.
See what happens to the dollar.
Record highs atm too.
From Japan ? Kidding ? From Wall St, in support of Israel to put pressure on the USA
UK debt ? Good idea. Ask Soros. 😅😅😅
Second
"inflation" and "real inflation" are not the same thing.
does he use lipstick?
Hi @elgagalari it has been a while since someone has said that but no, I don't wear lipstick. I don't think it would improve my looks! Laura & I think it might just be the lighting I use, but she always finds it amusing when someone says this so thanks from her 8-) Ramin.
Great Content.
As always, thank you 😊
Glad you enjoyed it @labmq