Very helpful video, thanks! I have vanguard LS80 but thinking of switching to Trading 212 due to fees. Would you recommend Invest Engine over Trading 212? Also, can you transfer a cash ISA to a stocks and shares ISA without affecting your annual allowance? For example, if i have a lump sum to invest but think the S&P is over priced at the moment, could I put it into a cash ISA, but transfer it to a stock and shares ISA if there is a correction in the S&P?
Slight correction. If you make an unauthorized withdrawal from the LISA, you lose MORE than the 25% bonus as it's 25% of the total amount. E.g 25% of £5000 is £1250. £1250 > £1000 government bonus.
Came here to say this too - it's one of the most insidious pieces of legislation, essentially being a "maths trap" which seems designed to trap people into making poor decisions. I hope some future Government has the guts to adjust it to a straight in/out of the bonus (and associated growth). With the freezing of allowances and house price restrictions, the LISA needs an update.
Not as impressive as your pking skills! genuinely been watching you for years. I edit some, but my editor does a lot now. It takes a ton of work and a lot of input from me. There's a great discord called "Creative Paradise". It is a bit like finding a needle in a haystack, I'm currently looking for another. I struggle because they mostly edit gaming content, which may work out quite well for you if you're after someone.
@@chrispalmer24 Lmao what a coincidence wow, thank you! Just discovered your channel and have been binge watching super helpful and easy to follow with the aesthetic visuals. I'll always edit my Runescape videos so I'm always looking for ways to improve. I have plans for a gaming channel in the future which I'll most likely have an editor for if things go well.
These videos are great advice for new investors and again sound advice from Chris, but I’d like to add especially to younger investors don’t get too obsessed with your financial future, make sure you live your life for today first, no one knows what the future holds. I work with a guy who has saved and invested all is life, he’s only had 1 holiday in the last 10 years, at 56 mortgage free with a big pension pot and a healthy bank account he could of retired 6 years ago, he told me recently he’s become that obsessed with saving and he fears his retirement and having to spend.
And sometimes it’s sad. I know we can’t predict death or health issue, but I also worked with a guy, very smart and worked hard, invested in the right places but never had a holiday, probably 2 in 12 years. He also became mortgage free at mid 50s. Good savings and pension but still kept going. At 58 I think he was just deciding to cut down on work but still carried on until 60. He took retirement but sadly just after 5 months we got news that he passed away from a stroke. Now I know that’s probably coincidence and can happen to anyone but sad thing was the poor chap never got to enjoy his savings or future! I still feel so sad for him as he was a nice guy but from this I’ve learnt, do save, do invest but have a balance in life. Enjoy the time as well and do travel or do things which u want to do later. Life we never know.
@Tony-tu7gq Great point, I'm planning to retire in about 5 years time when I'm happy I could afford to live the lifestyle I want. However, I'm a little worried about adjusting from a saving to a spending style. I know it won't be an easy transition and could result in being over-conservative if I'm not careful.
Could you please publish a video for pensions, and also create another video for ISA and S&S investments based on a 20% earner (e.g £30k) and a 40% earner (e.g. £60k) to give two comparable illustrations, most applicable to new investors? Please and thank you.
Thanks! I think I’ll definitely do the pension one. Have you seen my video “Get this right before you start investing”? I think that may give you the answers on the pensions in terms of illustrations
One reason I believe you may want to buy a global and a snp 500 is if you want MORE exposure to the USA. For example if your global fund is set at 60% US but you want it to be 70%. And as the snp 500 usually has much lower TER fees you can bring down your fees by doing so as well. It's similar to buying ETFs or funds and also doing a few individual stocks on the side. Often people have a global ETF but have another side pot invested with a few individual companies even though they already have them in their ETF's. Ultimately it comes back down to knowing what you're investing in and why and having a plan for how much exposure you want in any one country/industry/company.
Looking at what you said about overlapped ETFs I have a world and S&P 500 fund, is there a good ETF that I can use as a UK investor that exclude the US?
There's a few if you look for "EX UK" in the title, www.vanguardinvestor.co.uk/investments/vanguard-ftse-developed-world-ex-uk-equity-index-fund-gbp-acc/portfolio-data is one - but I keep some UK (only about 4%)
@@chrispalmer24 thanks, I was looking for ex USA funds but looking on trading 212 and invest engine I can't find any that are GBP based. Is it easier to covert everything over to an all world ETF than try to create the world with city specific ones?
Nice video I've got a bit of a basic question about doing VHVG/VFEM vs VWRP, can I please ask if you know what would happen if in say 20/30 years time India were to be classified as a developed market? In VWRP I'm thinking not much would happen as in the proportion of Indian companies and their values would go up over time, but with VHVG/VFEM im thinking VFEM would drop in value for the removal of Indian companies with VHVG increasing as a result, would that be wrong? Thanks
Hi Chris! Thanks for this video! Alongside the ftse all world (VWRL), what would be another good ETF to invest in that will increase diversification by investing in non us stocks?
Hey Adam, Ideally that's an all in one fund (although you probably want VWRP) you could switch to a two fund and save 0.9% in fees if you don't mind doing a little work (not much at all). But you could always up the emerging markets.
@@chrispalmer24 which one would I want for emerging markets? And would invest in the other two equally to save the 0.9%? :) and which two are these? In my case I very much want a set and forget sort of approach where I just pay buy each month or every few weeks in the long term and don’t worry too much about managing my portfolio :)
I’ve invested £98k in my ISA, and it’s now worth £105k after 5 years. Pretty rubbish I know, but it’s been a good learning exercise. I’ve made many mistakes. I recently moved my workplace pension into a SIPP and will not be making the mistakes made with my ISA, e.g. buying individual stocks and trendy thematic ETFs, buying high / selling low etc. you name it I’ve done it! 😅
@@chrispalmer24 Sack the editor, you said 6k when you meant 16k then 10 seconds later said 5.2% and displayed a still picture, circling 5.17%. Still good content, thanks for making! :)
@@chrispalmer24in fairness it wasn’t that recently. You could easily have put updated text on the screen. Also I understand interest will be paid monthly from January.
I would go for a world fund on IE instead personally :) VWRP/Invesco All World if you want all in one, or look at my 2 fund strategy one for less fees.
@chrispalmer24 VAFTGAG covers small caps and VWRP doesn't. Can you create an alternative away from vanguard that covers small medium and large cap if so, what is the recommendation?
Great Stuff! I'm a retired paramedic, I started watching your videos last year as a beginner before giving stock market a trial. I was able to make $121,500 in one month with a capital of $18,000 trading with an experience expert who guided me through out my trading.
Very helpful video, thanks! I have vanguard LS80 but thinking of switching to Trading 212 due to fees. Would you recommend Invest Engine over Trading 212?
Also, can you transfer a cash ISA to a stocks and shares ISA without affecting your annual allowance? For example, if i have a lump sum to invest but think the S&P is over priced at the moment, could I put it into a cash ISA, but transfer it to a stock and shares ISA if there is a correction in the S&P?
Slight correction. If you make an unauthorized withdrawal from the LISA, you lose MORE than the 25% bonus as it's 25% of the total amount. E.g 25% of £5000 is £1250. £1250 > £1000 government bonus.
Thanks! I must have missed that in this one 😅
Came here to say this too - it's one of the most insidious pieces of legislation, essentially being a "maths trap" which seems designed to trap people into making poor decisions. I hope some future Government has the guts to adjust it to a straight in/out of the bonus (and associated growth). With the freezing of allowances and house price restrictions, the LISA needs an update.
Who edits your videos? Really impressive
Not as impressive as your pking skills! genuinely been watching you for years. I edit some, but my editor does a lot now. It takes a ton of work and a lot of input from me. There's a great discord called "Creative Paradise". It is a bit like finding a needle in a haystack, I'm currently looking for another. I struggle because they mostly edit gaming content, which may work out quite well for you if you're after someone.
@@chrispalmer24 Lmao what a coincidence wow, thank you! Just discovered your channel and have been binge watching super helpful and easy to follow with the aesthetic visuals.
I'll always edit my Runescape videos so I'm always looking for ways to improve. I have plans for a gaming channel in the future which I'll most likely have an editor for if things go well.
@@TorvestaRS Wow did not expect to see you here. Always been a huge fan. Nice to know you're paying attention to your finances
These videos are great advice for new investors and again sound advice from Chris, but I’d like to add especially to younger investors don’t get too obsessed with your financial future, make sure you live your life for today first, no one knows what the future holds. I work with a guy who has saved and invested all is life, he’s only had 1 holiday in the last 10 years, at 56 mortgage free with a big pension pot and a healthy bank account he could of retired 6 years ago, he told me recently he’s become that obsessed with saving and he fears his retirement and having to spend.
So important Tony! I thought about making a video just about this
This makes absolute sense. Kind of felt the obsession myself. Became obsessed with saving. Need to live also
And sometimes it’s sad. I know we can’t predict death or health issue, but I also worked with a guy, very smart and worked hard, invested in the right places but never had a holiday, probably 2 in 12 years. He also became mortgage free at mid 50s. Good savings and pension but still kept going. At 58 I think he was just deciding to cut down on work but still carried on until 60. He took retirement but sadly just after 5 months we got news that he passed away from a stroke. Now I know that’s probably coincidence and can happen to anyone but sad thing was the poor chap never got to enjoy his savings or future! I still feel so sad for him as he was a nice guy but from this I’ve learnt, do save, do invest but have a balance in life. Enjoy the time as well and do travel or do things which u want to do later. Life we never know.
@@chrispalmer24please do Chris!
@Tony-tu7gq Great point, I'm planning to retire in about 5 years time when I'm happy I could afford to live the lifestyle I want. However, I'm a little worried about adjusting from a saving to a spending style. I know it won't be an easy transition and could result in being over-conservative if I'm not careful.
Could you please publish a video for pensions, and also create another video for ISA and S&S investments based on a 20% earner (e.g £30k) and a 40% earner (e.g. £60k) to give two comparable illustrations, most applicable to new investors? Please and thank you.
Thanks! I think I’ll definitely do the pension one. Have you seen my video “Get this right before you start investing”? I think that may give you the answers on the pensions in terms of illustrations
nice one, thanks for infomation, any chance of a review of euro, eastern market funds
One reason I believe you may want to buy a global and a snp 500 is if you want MORE exposure to the USA. For example if your global fund is set at 60% US but you want it to be 70%. And as the snp 500 usually has much lower TER fees you can bring down your fees by doing so as well.
It's similar to buying ETFs or funds and also doing a few individual stocks on the side. Often people have a global ETF but have another side pot invested with a few individual companies even though they already have them in their ETF's. Ultimately it comes back down to knowing what you're investing in and why and having a plan for how much exposure you want in any one country/industry/company.
Great video! What other global all world options do we have then to pair with the S&P500? 6:38
Looking at what you said about overlapped ETFs I have a world and S&P 500 fund, is there a good ETF that I can use as a UK investor that exclude the US?
There's a few if you look for "EX UK" in the title, www.vanguardinvestor.co.uk/investments/vanguard-ftse-developed-world-ex-uk-equity-index-fund-gbp-acc/portfolio-data is one - but I keep some UK (only about 4%)
@@chrispalmer24i think you mean ex USA 👍🏻
@@chrispalmer24 thanks, I was looking for ex USA funds but looking on trading 212 and invest engine I can't find any that are GBP based. Is it easier to covert everything over to an all world ETF than try to create the world with city specific ones?
Excellent video, one question. If you reinvest dividends does that reinvestment count as part of the £20k allowance?
Nope it doesn't! Which is really good :) Ideally get a fund that does it for you.
What’s the best providers for LISAs and would you recommend a cash or S&S one?
Re-balancing of a portfolio just for sake of having nice round numbers is bad idea mate.
Stupid that the LISA can't be opened post 40 with just the penalty of the missed allowance; didn't realise it existed until I was 41... :/
What's wrong with using a SIPP? Unless you want to buy a house with the LISA?
Nice video I've got a bit of a basic question about doing VHVG/VFEM vs VWRP, can I please ask if you know what would happen if in say 20/30 years time India were to be classified as a developed market?
In VWRP I'm thinking not much would happen as in the proportion of Indian companies and their values would go up over time, but with VHVG/VFEM im thinking VFEM would drop in value for the removal of Indian companies with VHVG increasing as a result, would that be wrong?
Thanks
That's a very interesting question. I would assume them would be classified as a "Developed Country" by then? Like you say moved in to VHVG.
@@chrispalmer24 nice thanks for getting back appreciate it
Hi Chris! Thanks for this video! Alongside the ftse all world (VWRL), what would be another good ETF to invest in that will increase diversification by investing in non us stocks?
Hey Adam, Ideally that's an all in one fund (although you probably want VWRP) you could switch to a two fund and save 0.9% in fees if you don't mind doing a little work (not much at all). But you could always up the emerging markets.
@@chrispalmer24 which one would I want for emerging markets? And would invest in the other two equally to save the 0.9%? :) and which two are these? In my case I very much want a set and forget sort of approach where I just pay buy each month or every few weeks in the long term and don’t worry too much about managing my portfolio :)
@@chrispalmer24 and oops! It is VWRP not vwrl
Also, is there any downside you can think of in investing in the two ETF’s that save on fees VS just continuing with the VWRP?
Could consider an equal weight global fund/etf. That reduces the US exposure as well.
How has your ISA performed this year?🙂
Absolutely amazing thanks to Tesla, 130% up
At 1:53 you mean 16k not 6k
I’ve invested £98k in my ISA, and it’s now worth £105k after 5 years. Pretty rubbish I know, but it’s been a good learning exercise. I’ve made many mistakes. I recently moved my workplace pension into a SIPP and will not be making the mistakes made with my ISA, e.g. buying individual stocks and trendy thematic ETFs, buying high / selling low etc. you name it I’ve done it! 😅
@@stevegeek wtf you investing in? thats awful
@@waxonflaxon You are right, i tried to correct it on the edit I should have added a *
Is there a means to reach you?
Yes - chris.palmer.yt@gmail.com :)
25% "bonus" is not good enough to counter inflation.
The amount of times I have to repeat a section of video cos I get so distracted by the beautiful cable management LEDs
What can i do with my life i work 100 hours a week . Work eat sleep
5.12% when did you film this 😂
Last month probably
😂 it dropped to 4.9% a few weeks ago
Not long ago, takes a few weeks to edit get through compliance, it’s only recently dropped 😂
@@chrispalmer24 Sack the editor, you said 6k when you meant 16k then 10 seconds later said 5.2% and displayed a still picture, circling 5.17%. Still good content, thanks for making! :)
@@chrispalmer24in fairness it wasn’t that recently. You could easily have put updated text on the screen. Also I understand interest will be paid monthly from January.
I'm Currently a new invest with vanguard investing into the VAFTGAG but after the recent £4 a month fee what options does this leave me?
i switched mine to invest engine sipp mate. vanguard are a joke.
@@Black-Circle@ I agree but how can I do that when my ftse global all cap isn't on invest engine
I would go for a world fund on IE instead personally :) VWRP/Invesco All World if you want all in one, or look at my 2 fund strategy one for less fees.
@chrispalmer24 VAFTGAG covers small caps and VWRP doesn't. Can you create an alternative away from vanguard that covers small medium and large cap if so, what is the recommendation?
@@chrispalmer24that's great thank you but I'm not sure how I can transfer my investment without selling it and paying capital gains tax
Crap lol
Edit-my portfolio I mean!
What’s been bad about it? The markets had a pretty nice year
All in on Tesla 😅
Arrogant nonsense on what investments to hold. Tax advice fairly sound if I am wrong show how you calculated risk = probability
Great Stuff! I'm a retired paramedic, I started watching your videos last year as a beginner before giving stock market a trial. I was able to make $121,500 in one month with a capital of $18,000 trading with an experience expert who guided me through out my trading.