Inflation is gradually going to become part of us and due to that fact, any money you keep in cash or a low interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@Andrew-o9k6h Many people underestimate the importance of having a good advisor, often only realizing their value after being caught up in their own emotions. A couple of summers ago, following my lengthy divorce, I found myself in need of a solid boost to keep my business afloat. That's when I decided to seek out licensed advisors and discovered one with exceptional qualifications. Thanks to her guidance, I’ve seen my reserves grow from $275k to $850k, despite the challenges of inflation.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
My CFA ’Izella Annette Anderson’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Newbies need to learn the ropes, know how much risk they can handle and diversify their portfolio. Some folks get help from money experts or do their homework before making investment moves. It's all about being smart with your funds.
Generally , the stock market provides a platform for buying and selling shares of publicly traded companies, offering potential opportunities for investors to grow their wealth, but it's essential to approach it with knowledge and caution.
That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of £550k, which is about 10 times more than I average on...
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Veronica Hoy
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
Hi Pete, love the content as always, would you be able to do a video on how to be as tax efficient as possible in retirement years? That would be extremely helpful. Many thanks!
The best simple explanation of inflation I've heard. I've shared the video with my nephew and nieces who are starting off in life as professionals. Thanks. KeepSmiling ☺️🌺
To be honest, I have never been interested in investing and know nothing of the subject, but these videos are so informative and well explained that I am going to have a go at a Stocks and Shares ISA!
You should contribute to your funds diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/ planner>>
I keep learning more about stocks everyday, I’m putting eleven percent earnings into my individual account with an intelligent investor and I’m cashing up some stocks at a cheaper price.
I understand the whole fin-market experience isn’t for everyone, that’s why personally, my holdings decisions are on a top tier construct. the safest way to be on green.
Thanks Pete.....Setting off down the road of retirement, awesome body of knowledge huge amount of videos to go through. Getting called by plenty of providers to choose them, the videos have given details and understanding of the different options helps . Great work....i:
Watching the crypto market's ups and downs shows how quickly things can change. The recent misinformation incident reminds us that external factors can shake things up. In crypto, strategic, informed trading isn't a choice; it's a must. Remember, caution is as crucial as ambition here. Stay alert, diversify, and let's ride this unpredictable market together. At the core is Walter James , whose deep understanding of crypto and traditional trading is key. His all-encompassing investment approach and staying updated on trends make him a valuable ally in this crypto era…
The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.
Interesting!! I'm so excited, seeing mr Walter, being mentioned here because his strategies have also normalized winning trades for me. and it's a huge milestone for me looking back to how it all started.
After I raised up to 325k trading with him I bought a new House and a car here in the states also paid for my son's surgery (Oscar). Glory to God.shalom..
Great video! I really do have a quick question. For someone with less than $10,000 to invest, How would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. Whats your take on this approach?
I successfully trade in my own portfolio, and also follow others because I'm interested in their strategies. I realized I've got better at managing the trader's strategies too. There's nothing wrong at all with having someone far more dedicated manage some of your portfolio.
To be 100% honest with you. I had the same question 4 years ago. I was confused as heck. Now copying other traders for over 3 years, I would like to tell you, YES copy trading is a good approach. Just keep in mind that the success of copying another trader lies in their transparency. Make sure you know who you are dealing with before copying them. My two cents. Goodluck!
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Hi Pete. Im totally confused. Im 41 yrs old and just got in before i turned 40 for the Lifetime ISA. I opened with the £100 and set up the dd for £25pcm. Now its value is £821. I havent done anything to it but now want to explore investing in stocks and shares. But do i open a stocks and shares ISA or invest from this Lifetime ISA. Also how do I decide on what to choose. They have their wealth list but i still dont know the longer term concept. Most say min £100 set up and a £25 monthly dd. Is that the dd i already have set up or would I set up amother one on top. How will i track the value. Will i see it go up or down every month and can sell at any point when i see a profit or do i leave it there for the next 10yrs? Can I just choose companies like Costco, Starbucks etc. Would they be profitable? Its a great video but so many more questions. Lol Thanks :)
Quite agree. I left school forty years ago with no idea how to even write a cheque, let alone more complex matters. Was hoping things may have improved
Love the videos and advice, and podcast! Quick question - my wife and I moved from the UK to NZ a few years ago (I'm Kiwi, she's British) - I don't believe we can open an ISA account from abroad, and there is no equivalent here. Do you have advice for those of us watching on internationally?
Evening Pete, Right I have watched most of your videos around Pensions, and investments. I want to just quietly expand my fiscal portfolio by adding perhaps a Stocks and Shares ISA (as I dont have an ISA yet). Say £25 per month for the next decade or so - to see what happens. I currently have a Pension, Savings, Bonds and other fiscal diversified stuff which I have been doing for decades. What is the best app to use - as I am completely bewildered by the options, and just want to make one that allows me to do a little S&S ISA with my taking a small punt each month.
Start today, reap tomorrow. Every small investment is a step towards your mountain of dreams. Keep this in mind as you embark on your investment journey. Every step counts!
Earning effectively is all about making smart investment choices and committing your resources to legitimate and secure platforms. It's crucial to do thorough research and due diligence before diving in.
Tyler Dav FX possesses a deep understanding of the market trends and demonstrates exceptional analytical skills in making sound trading decisions. He is proactive. detail-oriented, and has a proven track record of delivering successful outcomes for his clients.
If you dont have many savings, at what point does using an isa become beneficial. The £1000 interest limit skews things , doesn't it?? Thanks pete and crew
Crystal Ball required. Until recently Money Saving "Expert" kept saying that very few people would exceed the £1000 limit. Now you could do it with around £25000. Less than the price of most new cars. Also consider that a train driver doing a few overtime shifts could easily reach the higher tax threshold where the limit drops to £500.
Certain allowances, for example the ISA allowance, reset each year. So if you don’t use them by April 5th then those allowances are ‘lost’. That’s why there’s always a rush to get certain payments made around this time of year.
Hi, I am now one year past retirement in the UK and happily continuing to work, my company pays 3X what i pay into my pension each month, i am in a DB pension, i am happy to continue working but will it be for the tax man? Cheers and thanks for a great vlog.
Maybe it will be for the tax man. One has to ask, if you have ‘enough’ why you would continue working. The answer, usually, is because you love what you do. Do you?
Dear Pete. Would you mind answering a quick question for me? If someone was to pay in a lump sum of 20k into a S&S ISA in any given tax year then does that mean they couldn’t then set up a direct debit as this would take them over their allowance?
That’s right. Unless the DD started in the new year. So it’s April 4th while I’m typing this. If you paid in £20k lump sum into your ISA now, as long as the DD stared after April 6th, you’d be fine
They are Amaran tube lights, T2c and T4c. Also I have a couple of Aputure MC4’s on the shelves behind me. Thanks for the kind words - I’ve built the equipment up over a long time!
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally, I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
I'm 55 this year and have a private pension that's only worth £15,000. I have a few thousand in savings and thats it. I work self employed and earn around 40,000 a year. No mortgage I rent but have no major debt. Just the normal vehicle on finance and a credit card. As I'm turning 55 it's worrying I haven't saved more but through bad decisions and life in general I am where I am. Any ideas how I can build up more money over the next ten years ? To make what I have grow and to invest more monthly into something that would help me .
Worry not - you have time, but you will need to tighten the belt and get laser-focused. This might help: th-cam.com/video/F3nHXTlMgs4/w-d-xo.htmlsi=7Lb5pvozJ07Qv9jf
A suggestion for the next video "How your money is protected". Should that £1 million in the title be split over twelve platforms? How are pensions, which could easily exceed £85000 protected ? Hopefully things have moved on since the days of Robert Maxwell, and Bernie Madoff but what rules do we have to be aware of ?
Great video. I am starting out. I have £80k in a cash ISA. Can I transfer this to a Stocks and Shares ISA, and if so, should I do this as a one off lump sum or more gradually make the transfer?
If I was you with that amount I’d get some proper advice, you can get serious advice on social media. There is a ceiling with the amount of money you can put into an isa each year. (You could put money into a parters isa) for tax purposes. I’d be careful in choosing the advisor, get some recommendations, and always understand the underlying fees of whatever products you by, I’d also suggest as you are a newbie it doesn’t have to be complicated. Or even more experienced investors don’t necessarily advocate complexity, we have lives to lead.
I always wanted to trade crypto, so I gave it a shot despite being confused by the price volatility. Even after watching many TH-cam videos, I found it difficult to understand and ended up losing my trades.
I’m curious as to why you are advising setting up a direct debit when it should be a standing order. DDs are for when a company is claiming money from you and they can choose how much, so are normally used for utility bills etc. When an individual is sending money and wants to control the amount you use a Standing Order.
While that's true technically, many providers will pull the money by direct debit and may not give you the option. You are covered by the Direct debit guarantee though, and with any modern provider you can log in at any time and change the amount being contributed, so practically, it makes little difference
@@MeaningfulMoney SOs are far more manageable though, I don’t have anything of this ilk going out by DD. I can change an SO the day before it’s due to debit my account, or even cancel it for a month the day before. DDs by nature of being claimed by the company are far less manageable.
Great video. I've been investing since 2018 . But like to keep up with ideas. Probably won't get an answer but . Invested in Smithson at ipo launch was doing fantastic at one point 80%. Now at 30% still happy at that but keep seeing a few comments saying it's a dog of a fund. Opinions please 😁😉
A LISA is good for saving for your first home. Beyond that, putting more in your pension is usually a better option. Higher rate tax payers are better off contributing the extra to their pension over a LISA, as the tax saving is greater than the government bonus on a LISA. Basic rate tax payers will see the same benefit between contributing to a pension and contributing to a LISA (i.e. to put £5k in the pot you could either put £4k in a LISA and gov grosses up to £5k, or put £5k in a pension and tax saving nets the cost down to £4k, even result either way). So you probably haven't missed much 👍
@@MPD90I'd say LISA is better for basic rate payers as a pension vehicle as it's 100% tax free on withdrawal. Still good to contribute to work pension too for employer match.
@@palmtree-e2l Personally I'd disagree. LISA you pay the income tax before you put it in, pension you pay the income tax after you withdraw it. Plus with the pension you'll only pay the tax on 75% of it when you withdraw, due to the 25% tax free amount. Lots more options for how you invest a pension also. But each to their own, neither is a bad option.
You need to decide where. He is giving you the information you need to decide on the best option for you. Everyone is different so do some research and then go for it. Good luck
You’d likely have to sell the shares and re-buy them in the ISA. Need to check with Centrica who offer the Flexishare account - they may offer an ISA themselves…
This is great. Very clearly and concisely explained. But my question would be: why are you only suggesting these two options: stocks and shares ISA or Lifetime ISA. Why not SP 500? Isa s are for people who want to save on tax. Most of us ordinary mortals will not be saving/investing enough to pay tax. Plus Lifetime Isa is only for people up to 40...
Listen to the video again, the options, once you open an ISA on your chosen platform, then you must choose the fund or funds you want to put your money into, ie in your case the S&P 500. Just make sure the platform you choose has the S&P500 on it as platforms do differ.
First of all the S&P 500 is an index which you can invest in through a fund that tracks it. It’s not an alternative to an ISA. An ISA is a tax wrapper that gives you the platform to invest in a fund - for example the S&P 500. And the reason it’s important is because all capital gains and all income from that fund is tax free, forever. You might not think that’s important now but as your investment grows over time, you would likely pay tax on your investment gains if it’s not in an ISA. So why would you not choose an ISA??!
Inflation is gradually going to become part of us and due to that fact, any money you keep in cash or a low interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@Andrew-o9k6h Many people underestimate the importance of having a good advisor, often only realizing their value after being caught up in their own emotions. A couple of summers ago, following my lengthy divorce, I found myself in need of a solid boost to keep my business afloat. That's when I decided to seek out licensed advisors and discovered one with exceptional qualifications. Thanks to her guidance, I’ve seen my reserves grow from $275k to $850k, despite the challenges of inflation.
Could u help me?
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
@@mikegarvey17Could you possibly recommend a CFA you've consulted with?
My CFA ’Izella Annette Anderson’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Newbies need to learn the ropes, know how much risk they can handle and diversify their portfolio. Some folks get help from money experts or do their homework before making investment moves. It's all about being smart with your funds.
Generally , the stock market provides a platform for buying and selling shares of publicly traded companies, offering potential opportunities for investors to grow their wealth, but it's essential to approach it with knowledge and caution.
That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of £550k, which is about 10 times more than I average on...
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Just research the name Vivian Jean Wilhelm. You’d find necessary details to work with a correspondence to set up an appointment.
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
"You get paid, ut goes out" i think this is the most important advice here. After not long you start to look forward to adding to the savings pot
It’s true, though many would struggle to believe it!
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Veronica Hoy
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Veronica Hoy too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Hi Pete, love the content as always, would you be able to do a video on how to be as tax efficient as possible in retirement years? That would be extremely helpful. Many thanks!
The best simple explanation of inflation I've heard. I've shared the video with my nephew and nieces who are starting off in life as professionals. Thanks. KeepSmiling ☺️🌺
Thanks for sharing! Glad it was helpful…
I love the commitment to Crew clothing… 😅
I really should approach them for sponsorship!
To be honest, I have never been interested in investing and know nothing of the subject, but these videos are so informative and well explained that I am going to have a go at a Stocks and Shares ISA!
You should contribute to your funds diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/ planner>>
Walter James Henry is highly recommended
he’s active on TE,LE,GR,AM....
@Gainwithwalter7
I keep learning more about stocks everyday, I’m putting eleven percent earnings into my individual account with an intelligent investor and I’m cashing up some stocks at a cheaper price.
Good profit and a safe consistent trade. It just an equipped workforce put together.
I understand the whole fin-market experience isn’t for everyone, that’s why personally, my holdings decisions are on a top tier construct. the safest way to be on green.
Frost Hilda is simply exceptional incurring great interest.
Is this a good time to buy stocks? How do I go about it the right way. I’d love to use same terms as yours John.
It appears you have an excellent choice John, I got he’s social.
Thanks Pete.....Setting off down the road of retirement, awesome body of knowledge huge amount of videos to go through.
Getting called by plenty of providers to choose them, the videos have given details and understanding of the different options helps .
Great work....i:
Watching the crypto market's ups and downs shows how quickly things can change. The recent misinformation incident reminds us that external factors can shake things up. In crypto, strategic, informed trading isn't a choice; it's a must. Remember, caution is as crucial as ambition here. Stay alert, diversify, and let's ride this unpredictable market together. At the core is Walter James , whose deep understanding of crypto and traditional trading is key. His all-encompassing investment approach and staying updated on trends make him a valuable ally in this crypto era…
he’s active on TE,LE,GR,AM....
@Gainwithwalter7
The process of trading can be complicated when you have limited knowledge.
However, with the right strategy and setups, you can be successful. That's the whole point of investing.
Interesting!! I'm so excited, seeing mr Walter, being mentioned here because his strategies have also normalized winning trades for me. and it's a huge milestone for me looking back to how it all started.
After I raised up to 325k trading with him I bought a new House and a car here in the states also paid for my son's surgery (Oscar). Glory to God.shalom..
Best video I've seen on this stuff. Clear, concise and reassuring.
Very kind - thank you! 👍🏻
Video shared on my facebook. Feels like a public service that is missing in the grand scheme of what we all need to know. Great stuff Pete and team
Thank you! Really appreciate the share!
I've just done the same 🙂
So important to get these ideas across, great work 👍
Thank you 👍🏻🙏🏻
Great advice. Very clear. Thank you very much. 👍
Dear Pete, could you do a video covering the pros and cons of the various platforms and Apps for socks and shares ISAs for 2024?
Possibly. Check out the Money to the Masses website and also Boring Money
Hi Pete. Could you do a video on the changes to early retirement age from 2028 and the implications for those wishing to retire early? Thanks
Thank you for another informative video
Very helpful! Thanks Pete.
Glad it was helpful, cheers!
Your channel is awesome ...thank you for all your efforts 👏
Thank you too!
Great video! I really do have a quick question. For someone with less than $10,000 to invest, How would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. Whats your take on this approach?
I successfully trade in my own portfolio, and also follow others because I'm interested in their strategies. I realized I've got better at managing the trader's strategies too. There's nothing wrong at all with having someone far more dedicated manage some of your portfolio.
To be 100% honest with you. I had the same question 4 years ago. I was confused as heck. Now copying other traders for over 3 years, I would like to tell you, YES copy trading is a good approach. Just keep in mind that the success of copying another trader lies in their transparency. Make sure you know who you are dealing with before copying them. My two cents. Goodluck!
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Credits goes to Kathy Lynn Noll , one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
What is the best way to start investing as a person in their early 50's. Stocks seem too slow, and something that should have begun in your 20's
Hi Pete. Im totally confused. Im 41 yrs old and just got in before i turned 40 for the Lifetime ISA. I opened with the £100 and set up the dd for £25pcm. Now its value is £821. I havent done anything to it but now want to explore investing in stocks and shares. But do i open a stocks and shares ISA or invest from this Lifetime ISA. Also how do I decide on what to choose. They have their wealth list but i still dont know the longer term concept. Most say min £100 set up and a £25 monthly dd. Is that the dd i already have set up or would I set up amother one on top. How will i track the value. Will i see it go up or down every month and can sell at any point when i see a profit or do i leave it there for the next 10yrs? Can I just choose companies like Costco, Starbucks etc. Would they be profitable?
Its a great video but so many more questions. Lol Thanks :)
sound advice chap ,, basic finance common sense which should be taught to kids when in school ,, :))
Cheers - thanks for watching. And yes, totally agree - everyone should be taught the basics from school age on up..
Quite agree. I left school forty years ago with no idea how to even write a cheque, let alone more complex matters. Was hoping things may have improved
@@fanfeck2844they haven't! My kids were taught nothing about saving and investing at school/college or uni.
Love the videos and advice, and podcast! Quick question - my wife and I moved from the UK to NZ a few years ago (I'm Kiwi, she's British) - I don't believe we can open an ISA account from abroad, and there is no equivalent here. Do you have advice for those of us watching on internationally?
Evening Pete,
Right I have watched most of your videos around Pensions, and investments.
I want to just quietly expand my fiscal portfolio by adding perhaps a Stocks and Shares ISA (as I dont have an ISA yet). Say £25 per month for the next decade or so - to see what happens.
I currently have a Pension, Savings, Bonds and other fiscal diversified stuff which I have been doing for decades.
What is the best app to use - as I am completely bewildered by the options, and just want to make one that allows me to do a little S&S ISA with my taking a small punt each month.
Start today, reap tomorrow. Every small investment is a step towards your mountain of dreams. Keep this in mind as you embark on your investment journey. Every step counts!
Earning effectively is all about making smart investment choices and committing your resources to legitimate and secure platforms. It's crucial to do thorough research and due diligence before diving in.
I've been trading but incurred some losses please how do I find an expert to guide me through 😢
Tyler Dav FX possesses a deep understanding of the market trends and demonstrates exceptional analytical skills in making sound trading decisions. He is proactive.
detail-oriented, and has a proven track record of delivering successful outcomes for his clients.
Money invested is far better than money saved when you invest it gives you the opportunity to increase your financial worth.
I've always been told that Trading with an expert has it advantage but I have no idea how to find one. how do I please?
If you dont have many savings, at what point does using an isa become beneficial. The £1000 interest limit skews things , doesn't it?? Thanks pete and crew
Crystal Ball required. Until recently Money Saving "Expert" kept saying that very few people would exceed the £1000 limit. Now you could do it with around £25000. Less than the price of most new cars. Also consider that a train driver doing a few overtime shifts could easily reach the higher tax threshold where the limit drops to £500.
I want to learn investing but I don't know how to start
Shariah fund, what's your opinion
What does the end of tax year mean? Why is it significant to invest during this time?
Certain allowances, for example the ISA allowance, reset each year. So if you don’t use them by April 5th then those allowances are ‘lost’. That’s why there’s always a rush to get certain payments made around this time of year.
What platform are you talking about?
Am much interested to invest and I'll try my best
Hi, I am now one year past retirement in the UK and happily continuing to work, my company pays 3X what i pay into my pension each month, i am in a DB pension, i am happy to continue working but will it be for the tax man? Cheers and thanks for a great vlog.
Maybe it will be for the tax man. One has to ask, if you have ‘enough’ why you would continue working. The answer, usually, is because you love what you do. Do you?
Hi Pete. Do you do personal coaching for this? I'm too old to risk the little I've got. 😢
What's the best approach to get started? and how long do I wait before the lnvēstment can y!eld profits?
Dear Pete. Would you mind answering a quick question for me? If someone was to pay in a lump sum of 20k into a S&S ISA in any given tax year then does that mean they couldn’t then set up a direct debit as this would take them over their allowance?
That’s right. Unless the DD started in the new year. So it’s April 4th while I’m typing this. If you paid in £20k lump sum into your ISA now, as long as the DD stared after April 6th, you’d be fine
Pete, bit off topic here but what are the lights you have in the background? Office looks great!
They are Amaran tube lights, T2c and T4c. Also I have a couple of Aputure MC4’s on the shelves behind me. Thanks for the kind words - I’ve built the equipment up over a long time!
@@MeaningfulMoney thank you!
Thank you for a great video.
You’re welcome - cheers!
If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally, I had to reach out to a stock expert for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
I'm 55 this year and have a private pension that's only worth £15,000. I have a few thousand in savings and thats it. I work self employed and earn around 40,000 a year. No mortgage I rent but have no major debt. Just the normal vehicle on finance and a credit card. As I'm turning 55 it's worrying I haven't saved more but through bad decisions and life in general I am where I am. Any ideas how I can build up more money over the next ten years ? To make what I have grow and to invest more monthly into something that would help me .
Worry not - you have time, but you will need to tighten the belt and get laser-focused. This might help:
th-cam.com/video/F3nHXTlMgs4/w-d-xo.htmlsi=7Lb5pvozJ07Qv9jf
A suggestion for the next video "How your money is protected".
Should that £1 million in the title be split over twelve platforms? How are pensions, which could easily exceed £85000 protected ? Hopefully things have moved on since the days of Robert Maxwell, and Bernie Madoff but what rules do we have to be aware of ?
Great video. I am starting out. I have £80k in a cash ISA. Can I transfer this to a Stocks and Shares ISA, and if so, should I do this as a one off lump sum or more gradually make the transfer?
If I was you with that amount I’d get some proper advice, you can get serious advice on social media. There is a ceiling with the amount of money you can put into an isa each year. (You could put money into a parters isa) for tax purposes. I’d be careful in choosing the advisor, get some recommendations, and always understand the underlying fees of whatever products you by, I’d also suggest as you are a newbie it doesn’t have to be complicated. Or even more experienced investors don’t necessarily advocate complexity, we have lives to lead.
I always wanted to trade crypto, so I gave it a shot despite being confused by the price volatility. Even after watching many TH-cam videos, I found it difficult to understand and ended up losing my trades.
I’m curious as to why you are advising setting up a direct debit when it should be a standing order. DDs are for when a company is claiming money from you and they can choose how much, so are normally used for utility bills etc. When an individual is sending money and wants to control the amount you use a Standing Order.
While that's true technically, many providers will pull the money by direct debit and may not give you the option. You are covered by the Direct debit guarantee though, and with any modern provider you can log in at any time and change the amount being contributed, so practically, it makes little difference
🙈🙈🙈
@@MeaningfulMoney SOs are far more manageable though, I don’t have anything of this ilk going out by DD. I can change an SO the day before it’s due to debit my account, or even cancel it for a month the day before. DDs by nature of being claimed by the company are far less manageable.
What are your thoughts on st James's Place????
Expensive.
@MeaningfulMoney yes but do they give value???
Great video. I've been investing since 2018 . But like to keep up with ideas. Probably won't get an answer but . Invested in Smithson at ipo launch was doing fantastic at one point 80%. Now at 30% still happy at that but keep seeing a few comments saying it's a dog of a fund. Opinions please 😁😉
Smithson? Not sure I know that one. Feel free to share a link
£5 for a beer ? My first was 39p 😂
26p here.
Should I be worried that I can’t remember how much my first pint was?!
@Lookup2Wakeup equivalent to £1.15 nowadays!
@@MeaningfulMoney You probably got too drunk to remember!
@Lookup2Wakeup My house was probably built by guys drinking that beer. Brand new in 1974 it cost £12500.
I’m a beginner taking baby steps gingerly and I’m already up like ~11k in one month from investing in VGT and NVDA
No idea what VGT and NVDA and 11k is balling if we're talking £/$ etc so nice one not a begineer
Both stocks are down of recent.. quit lying.
Is it too late to start at 43?
No. I started in my 50s
Had no clue about a LISA and missed the age limit
A LISA is good for saving for your first home. Beyond that, putting more in your pension is usually a better option. Higher rate tax payers are better off contributing the extra to their pension over a LISA, as the tax saving is greater than the government bonus on a LISA. Basic rate tax payers will see the same benefit between contributing to a pension and contributing to a LISA (i.e. to put £5k in the pot you could either put £4k in a LISA and gov grosses up to £5k, or put £5k in a pension and tax saving nets the cost down to £4k, even result either way). So you probably haven't missed much 👍
Ah, that’s a shame. Never too late to still make progress with this stuff though…
@@MPD90I'd say LISA is better for basic rate payers as a pension vehicle as it's 100% tax free on withdrawal. Still good to contribute to work pension too for employer match.
@@palmtree-e2l Personally I'd disagree. LISA you pay the income tax before you put it in, pension you pay the income tax after you withdraw it. Plus with the pension you'll only pay the tax on 75% of it when you withdraw, due to the 25% tax free amount. Lots more options for how you invest a pension also. But each to their own, neither is a bad option.
What we want to know is, where do we invest ❓
You need to decide where. He is giving you the information you need to decide on the best option for you. Everyone is different so do some research and then go for it. Good luck
Wish I had been able to use a Lifetime ISA but unfortunately I turned 40 just before they came into existence 😭
Can I transfer from a flexishare account to a stocks and shares isa?
You’d likely have to sell the shares and re-buy them in the ISA. Need to check with Centrica who offer the Flexishare account - they may offer an ISA themselves…
Blue whale fund and scottish mortgage
This is great. Very clearly and concisely explained. But my question would be: why are you only suggesting these two options: stocks and shares ISA or Lifetime ISA. Why not SP 500? Isa s are for people who want to save on tax. Most of us ordinary mortals will not be saving/investing enough to pay tax. Plus Lifetime Isa is only for people up to 40...
Listen to the video again, the options, once you open an ISA on your chosen platform, then you must choose the fund or funds you want to put your money into, ie in your case the S&P 500. Just make sure the platform you choose has the S&P500 on it as platforms do differ.
First of all the S&P 500 is an index which you can invest in through a fund that tracks it. It’s not an alternative to an ISA.
An ISA is a tax wrapper that gives you the platform to invest in a fund - for example the S&P 500.
And the reason it’s important is because all capital gains and all income from that fund is tax free, forever. You might not think that’s important now but as your investment grows over time, you would likely pay tax on your investment gains if it’s not in an ISA.
So why would you not choose an ISA??!
You can buy S&P500 inside your ISA
I love paying tax, that’s why I don’t use an ISA said no one ever 🙄
Simply buy an index fund (S&P500 if you so desire) and put it in your ISA.
Thank everyone for your answers to this comment - couldn’t have said it better myself!
You’re so handsome 🙈🙈🙈
Aw, fanks!
A beer will cost 0.00004 bitcoin in future
This!!! Also you can buy MicroStrategy and put it in your ISA. Which is as a good as (if not better than) buying bitcoin
Beer has intrinsic value, bitcoin doesn't...I'll have beer please.
@@kw8757 you'd be the pizza guy
@@kw8757 To be fair, currency has no intrinsic value either since the gold standard was abolished. Not that I'm a bitcoin fan.
You may well be right