10:20 the bar label should be £3k not 1.5. I use an editor on certain content and this slipped through the review process! Sorry. financialinterest.com/index-fund-cheat-sheet/ Here is the link to the cheat sheet I have put together. Just add your email, and it will be sent to you. I will continue to update the glossary as time goes on. Please watch the Loom video on the overview page to see how to use it properly. I have had issues sending emails to outlook/hotmail so if you do not get it please check spam or try another email.
Thanks for the great video and links Damien. I think the webpage where people put in their email maybe having a few issues. Getting a ‘bad url’ error on chrome or safari.
@JayantKaul Hi mate! So I tested a load of different ways and it all looks good from my end, I have also asked other people to test and all good. Please let me know if you keep having issues and we can investigate further!
@@GullaBulla Thank you! So i have edited all but 2 of the videos on this channel myself so you can see every bit of editing i have ever done on here. If you go back to my first video, you will see it was nothing special. Good editing takes time, both to learn and to just do even when you have learnt, in fact the more you learn the longer it seems to take. So just understand if you want to edit a video to a good level it will take a while. But you can 100% create a vibe without a crazy edit, music choice, audio and sound all help a lot. I also like cutting to a beat. I use Davinci resolve to edit on but honestly he software is not important, any of the good editors will do. I enjoy editing when i have the luxury of time to pour into it but i also hate it when i have to rush... The best advice is pick a software and then start watching youtube tutorials on how to do things, It is kind of like playing an instrument it just takes ages to get good... But now i can see an edit in youtube video, Netflix or whatever and think ok i can probably work out what is being done here.
Getting back into investing recently, I've just read Psychology of Money and this video resonates so hard with the lessons in that book. Great video, concise, no bs, well edited, and informative. Easiest subscribe ever.
I rarely rarely comment on YT videos as I just watch and move on. I'm 30 years old and just started investing so I hopped on YT and typed in "learn investing" and your video popped up. With our attention spans getting shorter and shorter I was amazed at how captivating and easy to understand your video was. Your analogy about why investing in the magnificent 7 might not be the best thing for 10 years down the line same for the US S&P 500 was something I would have never thought about. At the end I thought to myself " What? 14 minutes is already up?" Could have binge watched this if it was a 3 episode 40 minute series! Amazing job on this video man! Subscribed and going to watch as much as I can
Genuinely the best video I have ever watched on money. Clear voice, tone, editing, camera, and information so easy to grasp that you actually learn stuff efficiently with advice.Thoroughly enjoyed.
I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
intresting video I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.{
The trick is to invest in the S&P500, but you need a minimum of 20 years to make significant gains. Historically, the S&P500 has increased by 10% per year on average, but let's say in the future it will only be 7%. Let's say you invest $50,000 now and then an additional $500 per month for 20 years. Then you will have $440,000 in the bank. If you want to live off of the interest, that would equal 0.07 x 440,000 / 12 = $2,567 per month. However, you can expect around 40% inflation, accumulated during those years, making that monthly sum more like 0.60 x 2,567 = $1,540 per month in todays money. Most important thing is to never withdraw the money, even if the S&P500 drops 80%. It will go back up again and reach new highs, and you haven't lost any money as long as you don't withdraw.
I don't usually comment on videos and have never watched one of yours, but I genuinely think this might be the best video I've ever watched in my life, thank you!
I am turning 46, works for NHS, solely relying on work pension, thanks to you now I have ISA now, looking 👀 to invest in index funds to help retire comfortably. Thank you for all the links- very helpful. You have been an amazing TH-camrs who truly understands and support the community through your content. Greatly appreciated. Keep up the good work Damo. I would love to see a video explaining different asset classes available for general public to invest.
Mate, this is gold. The approach and basic nature of the advice is so accessible. This needs an outreach programme to get this type of advice into schools. This approachable financial advice for kids is so important as they move into work. They'll have it sorted wether they start work or start their own business at any age. Love it 👍
Hey man, just wanted to say brilliant video. Not only you made it fun for me and my dad to watch but you made it so much easier to understand. Thank you and i wish everyone who watches your video great success and prosperity! :)
Damo, your channel has honestly changed my life. Ive lived from paycheck to paycheck (zero state) my whole life. I was always finacially illiterate. One of your vids randomly popped up in my algorithm in march last year and ive been hooked ever since. I watch your vids all the time and cannot believe how much ive learnt. Most importantly, from being extreemly frugal, I have gone from a zero state lifestyle, to having genuine accountability for my finances. I cant thank you enough for the wisdom your channel has given me and the path it has put me on.
This is an incredible comment to read! Thank you so much for leaving it. I know it sounds cliché, but this is the best part of doing this TH-cam channel. The idea that I have helped people improve their lives with my videos is just amazing. Well done for taking action; most people would not have done that, so please give some credit to yourself!
@@DamienTalksMoney it's absolutly life changing mate. I was in such a rut, constantly overdrawn, addicted to purchasing and consuming. I have a reasonably good job but was unable to keep any of it due to my ignorance. Your vids have put me on such a good path and I'm grateful for that. You deserve all your success, well done.
I’m a Chartered Financial Planner here in the UK and this is honestly one of the best explanations of investing for the longer-term in low-cost index solutions I’ve seen. You hit the nail on the head and your graphs are fantastic highlighting the need to ride out the volatility. I also think your spreadsheets are fantastic mate. Keep up the great work, I love these videos.
Thank you so much as always, Damien, for such detailed and well explained videos. Always a balanced argument presented brilliantly and your page is easily the best place to go for investing advice in my opinion. Really appreciate the fact that you don't just churn out videos for the sake of it (or your own financial gain) and have a genuine interest in providing useful content for your viewers.
Been cutting through how to get a lisa started yesterday with an aim to lock in saving from 36-60 there and this was just what I needed to remind me I'm a beginner but I need to do this for me
Excellent video. Investing is a confusing space and you simplify it and throw in some humour in your down to Earth style. Your content is much appreciated. 😊
Thank you Damien. I always appreciate your concise and entertaining videos. I'm determined to get started with investing this year! (a little fear and education to work through first).
I'd retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/ planner
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28 fact forward timo I'm 57 now not laid off
This is huge! would love to grow my reserve regardless of the economy situation, my 407k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
You're so powerful man! I see your video with such an enthusiasm! and I'm not even into money or investing too much (I'm a very basic investor at the moment). So well well well done you! thanks for you time, your insight and your honest information! keep up the great job man!
Yep the 5-10year thing is so important. My Vanguard tracker was showing a loss for the first few months, not a lot, but I was still annnoyed until I saw a version of that graph and thought about it properly for a bit. Now 2 years later of consistent monthly saving it's up a healthy percentage despite those initial first few months of disappointment.
Excellent video. The emphasis on long term is essential. I'd add one thing. If you are investing long term, don't look at how well you're doing each day, or week, or month. It can spook you if things are temporarily going badly. If you're investing long term, what happens week to week or month to month doesn't matter.
Great content as always Damo, been following for what must be a couple years by now! Glad to see you bounced back from your assault, hope the nob got brought to justice. Loving the regular content. All the best
10:20 the bar label should be £3k not 1.5. I use an editor on certain content and this slipped through the review process! Sorry.
financialinterest.com/index-fund-cheat-sheet/
Here is the link to the cheat sheet I have put together. Just add your email, and it will be sent to you. I will continue to update the glossary as time goes on. Please watch the Loom video on the overview page to see how to use it properly. I have had issues sending emails to outlook/hotmail so if you do not get it please check spam or try another email.
Thanks for the great video and links Damien. I think the webpage where people put in their email maybe having a few issues. Getting a ‘bad url’ error on chrome or safari.
Thanks Damo you are the man, keep up the good work!
@JayantKaul Hi mate! So I tested a load of different ways and it all looks good from my end, I have also asked other people to test and all good. Please let me know if you keep having issues and we can investigate further!
Off topic but your TH-cam videos have amazing look and editing, could you please share what tool you use and any tips how you learnt editing please ?
@@GullaBulla Thank you! So i have edited all but 2 of the videos on this channel myself so you can see every bit of editing i have ever done on here. If you go back to my first video, you will see it was nothing special. Good editing takes time, both to learn and to just do even when you have learnt, in fact the more you learn the longer it seems to take. So just understand if you want to edit a video to a good level it will take a while. But you can 100% create a vibe without a crazy edit, music choice, audio and sound all help a lot. I also like cutting to a beat.
I use Davinci resolve to edit on but honestly he software is not important, any of the good editors will do.
I enjoy editing when i have the luxury of time to pour into it but i also hate it when i have to rush...
The best advice is pick a software and then start watching youtube tutorials on how to do things, It is kind of like playing an instrument it just takes ages to get good... But now i can see an edit in youtube video, Netflix or whatever and think ok i can probably work out what is being done here.
Getting back into investing recently, I've just read Psychology of Money and this video resonates so hard with the lessons in that book. Great video, concise, no bs, well edited, and informative. Easiest subscribe ever.
I rarely rarely comment on YT videos as I just watch and move on. I'm 30 years old and just started investing so I hopped on YT and typed in "learn investing" and your video popped up. With our attention spans getting shorter and shorter I was amazed at how captivating and easy to understand your video was. Your analogy about why investing in the magnificent 7 might not be the best thing for 10 years down the line same for the US S&P 500 was something I would have never thought about. At the end I thought to myself " What? 14 minutes is already up?" Could have binge watched this if it was a 3 episode 40 minute series! Amazing job on this video man! Subscribed and going to watch as much as I can
Love this feedback thank you so much!
Genuinely the best video I have ever watched on money. Clear voice, tone, editing, camera, and information so easy to grasp that you actually learn stuff efficiently with advice.Thoroughly enjoyed.
Took your advice on understanding all the jargon and haven't looked back. Thank you for making investing easier to understand.
I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
intresting video I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.{
The trick is to invest in the S&P500, but you need a minimum of 20 years to make significant gains.
Historically, the S&P500 has increased by 10% per year on average, but let's say in the future it will only be 7%. Let's say you invest $50,000 now and then an additional $500 per month for 20 years. Then you will have $440,000 in the bank.
If you want to live off of the interest, that would equal 0.07 x 440,000 / 12 = $2,567 per month. However, you can expect around 40% inflation, accumulated during those years, making that monthly sum more like 0.60 x 2,567 = $1,540 per month in todays money.
Most important thing is to never withdraw the money, even if the S&P500 drops 80%. It will go back up again and reach new highs, and you haven't lost any money as long as you don't withdraw.
I don't usually comment on videos and have never watched one of yours, but I genuinely think this might be the best video I've ever watched in my life, thank you!
I am turning 46, works for NHS, solely relying on work pension, thanks to you now I have ISA now, looking 👀 to invest in index funds to help retire comfortably.
Thank you for all the links- very helpful.
You have been an amazing TH-camrs who truly understands and support the community through your content.
Greatly appreciated.
Keep up the good work Damo.
I would love to see a video explaining different asset classes available for general public to invest.
Mate, this is gold. The approach and basic nature of the advice is so accessible.
This needs an outreach programme to get this type of advice into schools. This approachable financial advice for kids is so important as they move into work. They'll have it sorted wether they start work or start their own business at any age. Love it 👍
Thank you for this lovely feedback! I would love to help schools
Hey man, just wanted to say brilliant video. Not only you made it fun for me and my dad to watch but you made it so much easier to understand. Thank you and i wish everyone who watches your video great success and prosperity! :)
Love that you watched this with your dad I hope it helped you both!
Finally somebody that can explain how it all works, in simple terms. This has been a great help. Thank you 😊
Brilliant explanation that’s genuinely empowering. Thankyou.
Thanks Damien, for reinforcing the index fund strategy. Once in a while I need this to stick to the routine :)
Bloody brilliant video. Thanks Damien
Damo, your channel has honestly changed my life. Ive lived from paycheck to paycheck (zero state) my whole life. I was always finacially illiterate. One of your vids randomly popped up in my algorithm in march last year and ive been hooked ever since. I watch your vids all the time and cannot believe how much ive learnt. Most importantly, from being extreemly frugal, I have gone from a zero state lifestyle, to having genuine accountability for my finances. I cant thank you enough for the wisdom your channel has given me and the path it has put me on.
This is an incredible comment to read! Thank you so much for leaving it. I know it sounds cliché, but this is the best part of doing this TH-cam channel. The idea that I have helped people improve their lives with my videos is just amazing. Well done for taking action; most people would not have done that, so please give some credit to yourself!
@@DamienTalksMoney it's absolutly life changing mate. I was in such a rut, constantly overdrawn, addicted to purchasing and consuming. I have a reasonably good job but was unable to keep any of it due to my ignorance. Your vids have put me on such a good path and I'm grateful for that. You deserve all your success, well done.
Thanks Damien. I love how you explain things with great understandable visuals and a warm approach. Somehow you bring empathy and heart to finance.
Amazing video. No minute wasted. Full of great great advice especially about the mentality of "I'll be happy when I get there" that so many fall into.
Destination anxiety is what they call it
Nice!!! Clear and very well structured video!
Always heartfelt advice Damien, thank you for what you do
You have just got a new subscriber. Was just finding something on google on what to invest in and this is a great explanation of stocks. Thank you 👍
Thanks for sharing Damien. I always enjoy watching your videos
I’m a Chartered Financial Planner here in the UK and this is honestly one of the best explanations of investing for the longer-term in low-cost index solutions I’ve seen. You hit the nail on the head and your graphs are fantastic highlighting the need to ride out the volatility. I also think your spreadsheets are fantastic mate. Keep up the great work, I love these videos.
Hi Max! Lovely way to start my weekend this, for you to give my content the thumbs up as a licensed professional means the world. Thank you!
I love this outlook on investing. I can't wait to get started. Thank you for this. Glad I found ya.
Glad you found me also mate!
Outstanding Commentary!!!! Priceless!!!! Thank You!!!
This is probably the best advice I've heard on TH-cam, well done
Much appreciated… thank you!🙏
Editing is absolutely outstanding these days on these videos. Really polished. Well done. Long time subscriber. Love the content
Thank you so much as always, Damien, for such detailed and well explained videos. Always a balanced argument presented brilliantly and your page is easily the best place to go for investing advice in my opinion.
Really appreciate the fact that you don't just churn out videos for the sake of it (or your own financial gain) and have a genuine interest in providing useful content for your viewers.
Knocked it out of the park again. Well done.
Smashing it up mate. Well done as always. Nice Shacket btw.
Been cutting through how to get a lisa started yesterday with an aim to lock in saving from 36-60 there and this was just what I needed to remind me I'm a beginner but I need to do this for me
Thanks for the financial advice 🤓
Absolutely fantastic video mate. Amazing :)
Good, level-headed, & above all understandable material.
Your videos are spot on mate, happy new year!
most helpful video RE investing ive ever watched. exactly what i was looking out for
Excellent video. Investing is a confusing space and you simplify it and throw in some humour in your down to Earth style. Your content is much appreciated. 😊
Great video. Really well explained. Covers the key concepts. Keep up the great work.
Videos keep getting better Damien! Love the new edits, hope you had a good weekend
You are so kind thank you for very much!
First time checking you out, very educational and you did bring a bit of excitement to trading 😂
2024 is my year 🥳
Excellent video, especially the last few minutes which put things in a real perspective.
You rock! Quality content and presentation
Thanks a lot for the great content and the cheat sheet😊
Thank you so much for your videos and for the cheat sheet!
Thank you Damien. I always appreciate your concise and entertaining videos. I'm determined to get started with investing this year! (a little fear and education to work through first).
Love the videos, they feel honest and on point, no fluff.
Another quality video Damo, well done mate 👌 always making a really dry subject enjoyable
Such a brilliant video, thanks for taking the time to deliver a tricky topic in such an easy to understand way
I really like the value and professionality in your video. I'm actually planning to begin stock investment. It really helps.
Thank you.
I'd retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/ planner
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28 fact forward timo I'm 57 now not laid off
This is huge! would love to grow my reserve regardless of the economy situation, my 407k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
Christopher Alexander Walter is the licensed fiduciary I use
He's mostly on Telegrams, using the user name
Brillant! Thanks Damien
Quality video mate! Thanks
Damien, a genuinely fantastic video. Well done 👏
You get my sub because this video was so very informative and i liked all the graphs and pie charts you used. Great video Damien!! 👍🏾
Thank you!
Nice one Damo, thanks for all your content 👍💯
Happy New Year good man.
Thank you for 2 years of excellent service you gave us.
Be proud of yourself. 😄
Thanks for this video man your videos are very clean and good info
Wow. Fantastic work and I truly hope it pays off for you! Subscribed!
Top banana. Never commented on a video before. These are good. Thanks
You're so powerful man! I see your video with such an enthusiasm! and I'm not even into money or investing too much (I'm a very basic investor at the moment).
So well well well done you! thanks for you time, your insight and your honest information! keep up the great job man!
Thank you mate! Keep going with your investing you will do great long term and i will be here to help anyway i can.
Great video Damien. A walk through of the stocks, clearly articulated with data backing up. I'll be referencing more of your videos.
Subscribed 👍
These videos have been so good, really helped my path to investing.
Great content man!
Keep it up
Great video mate, on top form and keeping me totally invested.
Your explanation was very good and quite helpful. Very easy to understand 🎉🎉
Thought provoking as ever Damo. Good video - come to expect nothing less!
Yep the 5-10year thing is so important. My Vanguard tracker was showing a loss for the first few months, not a lot, but I was still annnoyed until I saw a version of that graph and thought about it properly for a bit. Now 2 years later of consistent monthly saving it's up a healthy percentage despite those initial first few months of disappointment.
Absolutely amazing video, Damien!
This is by far the best video i have ever watched on a introduction to investing.
Thank you so much!
Wonderful advice. You're awesome. Thank you. 😊
You are so welcome!
Thank you for sharing
Legend. Amazing content.
Great advice. I've tried individual stock investing. It can be a fools errand. It's Incredibly difficult to beat a good index fund
That's the kick up the arse I needed. Thanks Dams 👍
Love this video, I’m 55 and done ok’ish just using common sense, but I wish I’d seen this 30 years ago, but I’ll be telling my daughters
Great to see you Alty Man ❤
Exactly what I needed, thanks! Subscribed.
thanks. Great advice.
Nice video Demo. Broken down and clear… bring on the boring 👍🏻 great points and concentrating on what’s important.
Your content is so damn good! Cheers for this mate. What a hero
Very compelling video, can tell you have done alot of research. Awesome work. 👍
Thank you for this!
Really nice vid man, down to earth and easy to digest with lots of food for thought. Subbed!
Thanks for the sub!
Great video with excellent break down of investment. I LOVED IT! Thank you
That was one of your best videos. Excellent stuff
Great video. Focussing on mentality is huge
Excellent video. The emphasis on long term is essential.
I'd add one thing. If you are investing long term, don't look at how well you're doing each day, or week, or month. It can spook you if things are temporarily going badly.
If you're investing long term, what happens week to week or month to month doesn't matter.
haha! thanks man! love the outro to your video :)
What a freaking great video! Very well done Damien.
I love this guy! Makes these things more understable for people not to savvy in investing cheers mate!!!
Hi Damien, amazing content. You are always able to make complex topics very easy to understand. Thank you.
Great vid, thank you.
Beautiful video mate ❤❤
As they say, time IN the market is better than trying to time the market. I wish I had 40 years left to invest.
A brilliant video....really really interesting stats and some stark analysis.
Great video as always Damien!
Another great video, the editing seems to have stepped up too 👌🏼
Damien I love your new delivery style. Great presentation as ever matey.
Great content as always Damo, been following for what must be a couple years by now! Glad to see you bounced back from your assault, hope the nob got brought to justice. Loving the regular content. All the best