How I Invest (I'm a financial adviser)

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  • เผยแพร่เมื่อ 30 ธ.ค. 2024

ความคิดเห็น • 476

  • @CliveBirse
    @CliveBirse 3 หลายเดือนก่อน +493

    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.

    • @Grace.milburn
      @Grace.milburn 3 หลายเดือนก่อน +4

      The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.

    • @mikegarvey17
      @mikegarvey17 3 หลายเดือนก่อน +4

      The stock market rally run is gone, but I'm not sure if equities will swiftly recover, keep falling, or fluctuate in a narrow range for a few weeks, or if things will quickly get worse. I'm under pressure to increase my $150k reserve.

    • @mariaguerrero08
      @mariaguerrero08 3 หลายเดือนก่อน +3

      This is why I've entrusted a fiduciary with my investment decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to $780k, generating sufficient dividends for my household's needs.

    • @ThomasChai05
      @ThomasChai05 3 หลายเดือนก่อน +3

      @@mariaguerrero08I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

    • @mariaguerrero08
      @mariaguerrero08 3 หลายเดือนก่อน +2

      *Izella Annette Anderson* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

  • @YinusaSaheed
    @YinusaSaheed หลายเดือนก่อน +228

    Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...

    • @EmilyEvelyn-90
      @EmilyEvelyn-90 หลายเดือนก่อน

      I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...

    • @YinusaSaheed
      @YinusaSaheed หลายเดือนก่อน

      @@EmilyEvelyn-90 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*

    • @EmilyEvelyn-90
      @EmilyEvelyn-90 หลายเดือนก่อน

      @@YinusaSaheed Oh please I’d love that. Thanks!

    • @YinusaSaheed
      @YinusaSaheed หลายเดือนก่อน

      *MARGARET MOLLI ALVEY*

    • @YinusaSaheed
      @YinusaSaheed หลายเดือนก่อน

      Lookup with her name on the webpage.

  • @NicholasBall130
    @NicholasBall130 5 หลายเดือนก่อน +366

    The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies

    • @StocksWolf752
      @StocksWolf752 5 หลายเดือนก่อน +2

      The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.

    • @LiaStrings
      @LiaStrings 5 หลายเดือนก่อน +1

      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

    • @StacieBMui
      @StacieBMui 5 หลายเดือนก่อน +1

      this is incredible! how can I vet your advisor, mind sharing info, if you please?

    • @LiaStrings
      @LiaStrings 5 หลายเดือนก่อน

      The advisor that guides me is Sonya lee Mitchell, most likely the internet is where to find her basic info, just search her name. She's established.

    • @lolitashaniel2342
      @lolitashaniel2342 4 หลายเดือนก่อน

      Thank you so much! This is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon. I plan to start the year on a strong financial note.

  • @E.GCreates
    @E.GCreates 5 หลายเดือนก่อน +336

    I apologize, but I have a question. What kind of return on investment (ROI) can I expect in a few years for $400k?

    • @Lamarche1959
      @Lamarche1959 5 หลายเดือนก่อน +1

      Given the history of the market and its performance pattern in the past, you would be looking at making well over three million in four years if you were to buy in 2024 due to the market's collapse and the impact of inflation on the market at the moment (which is what my FA would advise).

    • @Dailypalamides
      @Dailypalamides 5 หลายเดือนก่อน

      You know a lot about this, also how do i invest with an FA? They seem to play a crucial part in investing

    • @Lamarche1959
      @Lamarche1959 5 หลายเดือนก่อน

      Her name is Dianne Sarah Olson, you can do your due diligence on her. Goodluck!

    • @phyllisburtonhearsawho
      @phyllisburtonhearsawho 5 หลายเดือนก่อน

      Thanks for the tip, I looked her up and her resumé is very impressive. She also seems wealthy. Will definitely work with her

  • @sommersalt88
    @sommersalt88 8 หลายเดือนก่อน +253

    Hi Pete, I have about 100k distributed across various investing accounts, with 35% of my capital invested in an ISA and 25% in index funds. In Q4, 2023, I suffered a great deal. I'm just searching for methods to get better in 2024 right now.

    • @blaquopaque
      @blaquopaque 8 หลายเดือนก่อน +2

      Everyone needs a Margin of Safety in their portfolios and just remember, It's time in the market versus timing the market.

    • @sommersalt88
      @sommersalt88 8 หลายเดือนก่อน +1

      I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

    • @sommersalt88
      @sommersalt88 8 หลายเดือนก่อน

      I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

    • @ianseward9928
      @ianseward9928 8 หลายเดือนก่อน

      Yourself and ramin really honest and helpful . Thx

    • @marissakeynes2532
      @marissakeynes2532 8 หลายเดือนก่อน

      Great show guys. Very resourceful. 👌

  • @jf3490
    @jf3490 3 ปีที่แล้ว +140

    A financial adviser who’s down to earth and who you’d actually want to go for a pint with - top bloke, cheers for the helpful and insightful video.

    • @MissAbsss
      @MissAbsss 3 ปีที่แล้ว

      He truly is! He put up a post to meet up with a few of his Insta followers sometime in 2019 whilst he was in London.

    • @TheJGTANK
      @TheJGTANK 3 ปีที่แล้ว

      Most underrated comment on here

  • @TomSzczepanski
    @TomSzczepanski 3 ปีที่แล้ว +53

    As a Chartered Accountant and someone who comes into contact with financial advisors (good and bad) - this guy absolutely gets it, listen to him.

    • @andrewmartin5799
      @andrewmartin5799 3 ปีที่แล้ว +3

      His services are free and I trust him i invested and got my payout Won’t stop the good recommendation getting close to 7btc now !

  • @VanillaCherryBread
    @VanillaCherryBread 10 หลายเดือนก่อน +6

    A good CFP brought me over here and seeing you as a certified financial advisor you have a new sub. Great content!

  • @markoutram001
    @markoutram001 3 ปีที่แล้ว +79

    So refreshing to hear advisors preach simplicity, it’s the same as fitness, keep it simple, keep it consistent and the results will come!

  • @pauljones5403
    @pauljones5403 3 ปีที่แล้ว +13

    I’m new to this channel, no waffle, straight talking and no hard sell… keep up the great videos

  • @euripidesmedea5585
    @euripidesmedea5585 3 ปีที่แล้ว +38

    Having worked in financial services for a long time, it's great to see someone in the profession give such clear, sensible guidance. Everyone should have access to this sort of information.

  • @TheBigGuyATX
    @TheBigGuyATX 8 หลายเดือนก่อน

    Thanks! I just discovered you and I subscribed after one video. Your candor and transparency come across well and I relate to your one income, married at 20ish lifestyle. I live in Texas, 35 yrs married, high income earner with not a lot of net worth (home, 401k).
    Thank you again for inspiring me to focus this year on my financial health and planning.

  • @annemackenzie7295
    @annemackenzie7295 หลายเดือนก่อน +2

    Thank you for sharing that - very helpful 👍😀

  • @user-yi5xb2py7k
    @user-yi5xb2py7k 3 ปีที่แล้ว +8

    Thank you for your information & transparency. I’m 24 & because of your videos I’ve opened a S&S ISA with Vanguard & invest monthly

    • @MeaningfulMoney
      @MeaningfulMoney  3 ปีที่แล้ว +6

      You'll be very wealthy one day as a result - great work, and keep going!

  • @nickdaveygiant
    @nickdaveygiant 3 ปีที่แล้ว +13

    Recently discovered your channel and what a gem your channel is. Thank you!! You have already transformed my financial life in 2 days including helping me clear some of my debt! I hope your channel gets the exposure it deserves!

  • @Premier_lawns_official
    @Premier_lawns_official 3 ปีที่แล้ว +11

    This is a really helpful video, as someone mid 40's no pension and for the first time have some spare money to save. The more I see it is firing it into index funds

  • @MrSwanseajames
    @MrSwanseajames 3 ปีที่แล้ว +3

    A financial advisor - someone who invests your money until its all gone. Vanguard tracker. Job done.

  • @petethomas7164
    @petethomas7164 10 หลายเดือนก่อน

    Strikes me as a genuine and helpful guy....who actually enjoys what he does and sharing that joy.
    Wish there were more like Pete in this world.
    Boring....is good! Keep it simple. Respect😂

  • @mairien2955
    @mairien2955 3 ปีที่แล้ว +27

    Super, super helpful! Thank you so much for your generosity in sharing this Pete. I’ve listened carefully to your podcasts and actioned my financial plan accordingly, but this provided all the reassurance I needed to feel like I’m on the right track, as well as giving me some extra goals to aspire to, thank you!

    • @MeaningfulMoney
      @MeaningfulMoney  3 ปีที่แล้ว

      I’m really glad it was helpful, Mairie!

    • @johndupont8596
      @johndupont8596 3 ปีที่แล้ว

      @@MeaningfulMoney Would be keen to see an interview of Robin Powell :) He just released a new book!

  • @coderider3022
    @coderider3022 10 หลายเดือนก่อน +1

    Really appreciate the detail, thank you.

  • @NandishPatelV
    @NandishPatelV 3 ปีที่แล้ว +5

    Exactly what I've been doing for five decades. Thanks Pete. KeepSmiling 😊🌺

  • @mvp_kryptonite
    @mvp_kryptonite 9 หลายเดือนก่อน

    Thanks for the video. Just shows that it’s the principle that’s important and people should take snippets and apply it to themselves. Excellent!

  • @steviejd5803
    @steviejd5803 3 หลายเดือนก่อน

    Hi Pete, I once knew a beautiful little dog called Maisie, she once stole the sausages off a friends plate: his mistake was to put the plate on the coffee table, go to get the brown sauce, and boom, she was in, sausages gone! I’m investing 15% of my income 10% work pension 5% ETF VUSA and now thinking of starting a SIPP. Anyway, I really do enjoy your channel, thanks for all the great content.

  • @johncaskie7501
    @johncaskie7501 3 ปีที่แล้ว +5

    Watched a few of your videos. Great advice and no get rich quick nonsense. I have a degree in Economics and an MSc in Finance and your advice is spot on. If you are 30 yrs old please listen to this man. He will save you a lot of money. What I really appreciate though are the details on regulations and taxation on Pensions and Isas (on some of your other videos) which are not my area of expertise. I have some thinking to do!!

  • @rogerandout808
    @rogerandout808 3 ปีที่แล้ว +4

    YES. Also, I really enjoy this channel's content, authenticity and production values.

    • @MeaningfulMoney
      @MeaningfulMoney  3 ปีที่แล้ว

      And I appreciate you being here, Roger - thank you! 🙏🏻

  • @jonathanhowson6420
    @jonathanhowson6420 2 ปีที่แล้ว +2

    I drive a Toyota aygo as well. I have had it since I was at uni 12 years ago and it wont die! Very cost effective. I put £333 a month into my lifetime stocks and shares isa, which is what a lot of people pay on a car payment each month.

    • @MeaningfulMoney
      @MeaningfulMoney  2 ปีที่แล้ว +1

      Mine gets appropriated by my daughter these day sand she pays me to use it!

  • @maxdoyle903
    @maxdoyle903 3 ปีที่แล้ว +3

    Nice to hear financial advice from a relatable person, essentially reinforces my own views. It’s not pretty or glamorous but after 10-20 years you’ll be winning.

  • @izzatalmalki669
    @izzatalmalki669 3 ปีที่แล้ว +4

    You are my favorite finance youtuber!

    • @MeaningfulMoney
      @MeaningfulMoney  3 ปีที่แล้ว

      Awww. And you’re my favourite of today’s commenters! 😍

  • @camsham76
    @camsham76 ปีที่แล้ว

    Yes. Your videos are a great resource to quickly get up to speed on this this stuff. Thank you!

  • @AnnaOllsson
    @AnnaOllsson 4 หลายเดือนก่อน +4

    The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass it on to your kids which will give them a leg up in life. $52k dividends received in 2022.

    • @HildaBennet
      @HildaBennet 4 หลายเดือนก่อน +4

      I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.

    • @PennyBergeron-os4ch
      @PennyBergeron-os4ch 4 หลายเดือนก่อน +2

      I had a share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured some money in value stocks and digital asset, i accrued over $80K in dividends last year

    • @JosephineKenney
      @JosephineKenney 4 หลายเดือนก่อน +3

      I’ve been down so long, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?

    • @PennyBergeron-os4ch
      @PennyBergeron-os4ch 4 หลายเดือนก่อน +1

      I have “Sonya Lee Mitchell” as my investment manager. She has a solid reputation when it comes to diversifying portfolios and making.

    • @PennyBergeron-os4ch
      @PennyBergeron-os4ch 4 หลายเดือนก่อน +2

      Her name is “Sonya Lee Mitchell” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

  • @JoshuaWalker
    @JoshuaWalker 2 ปีที่แล้ว +1

    Hats off for being so transparent!

  • @mikemer79
    @mikemer79 3 ปีที่แล้ว +3

    Nice honest guy,not a fake guru and driver a toyota

  • @michaelfleming8517
    @michaelfleming8517 2 ปีที่แล้ว +1

    Good stuff. Simple. Authentic. Honest. Really good of you to share so openly. Thanks! M

  • @timstrongman37
    @timstrongman37 ปีที่แล้ว +1

    Yes! Great video Pete!

  • @highlandutilities
    @highlandutilities 3 ปีที่แล้ว +3

    Just found your channel, really like your 'easy' style.. You look like a great person to go to for financial advice

  • @davelee212
    @davelee212 3 ปีที่แล้ว +2

    I'm just in the process of consolidating 5 old workplace pensions and an old SIPP into a new SIPP, invested in a single global index tracker. So I now just have my current workplace pension and a very simply invested SIPP, which is going to be much easier to keep a track of. Listening to your back catalogue of podcasts and TH-cam videos was a great help in getting my head around it all. Thanks Pete!

    • @MeaningfulMoney
      @MeaningfulMoney  3 ปีที่แล้ว

      Great stuff, Dave! Well done for taking action!

  • @Bondiamandoo
    @Bondiamandoo 3 ปีที่แล้ว +1

    Very simple stuff. Sound like a decent bloke too, glad the algorithm sent you my way.

  • @PrinciplesPersonalFinance
    @PrinciplesPersonalFinance 3 ปีที่แล้ว +9

    Really respect how candid this video is. Advisers should have to do this when disclosing their TOB 😊. Would be interesting to see how many practice what they preach! I’m a big fan of the core and satellite approach as well. Keep up the great work! 👏👏👏

    • @MeaningfulMoney
      @MeaningfulMoney  3 ปีที่แล้ว +3

      Cheers, George! I’d love to see a proper fiduciary standard emerge here too…

  • @RichJL-g8k
    @RichJL-g8k 3 ปีที่แล้ว +3

    What a refreshingly informative video. Love how you keep it all so simple.

  • @stuartogden1660
    @stuartogden1660 2 ปีที่แล้ว

    Probably my favourite video of yours - great to have the personal angle

    • @MeaningfulMoney
      @MeaningfulMoney  2 ปีที่แล้ว +1

      Cheers Stuart - it seems to have been well received generally. Thanks for watching!

  • @stephenbastians732
    @stephenbastians732 ปีที่แล้ว

    What can i say? Perfect! Advice everyone should hear.

  • @RT-xn7pr
    @RT-xn7pr 3 ปีที่แล้ว +1

    YES! Great video Pete, well produced and simple to follow; thanks.

  • @DaveW826
    @DaveW826 3 ปีที่แล้ว +2

    Good solid advice on investing. I am a big fan of J.L. Collins and invest in passive global index funds. Your vlog on company sharesave schemes was particularly useful as I have that option and was concerned I was becoming over invested in my company. Thanks for the insight.

  • @garphill2162
    @garphill2162 ปีที่แล้ว +2

    After October/November pulled out of gilts/Bonds. I am 60% Dividend core and 40% growth using a mini Buffet style on companies. Presently 6 months on made up my losses from the Bonds/gilts. Up 15% and hoping to push towards the 30% mark by next year. Ben Graham/Warren Buffet/ Peter Lynch mantra. Research your company follow the simple rules and be patient. I am not a Financial adviser just a person who has researched a lot.

  • @Kefford666
    @Kefford666 2 ปีที่แล้ว

    Thank you for the info and perspective 🙏🏻 I’m really surprised you don’t have more subscribers and views! All in good time ☺️

  • @JustJohnnyIV
    @JustJohnnyIV 3 ปีที่แล้ว

    First time here. Thank you for content.

  • @jblue2435
    @jblue2435 2 ปีที่แล้ว

    Really appreciate this. Gives me skme confidence in my own situation.

  • @mikeroyce8926
    @mikeroyce8926 3 ปีที่แล้ว +15

    I'd love to watch a video on what you hope your eldest daughter would do if she listened to you (eg allocating money to a workplace pension vs emergency fund vs help to buy ISA vs stocks and shares ISA and when to start an income protection plan etc).
    I am convinced that making great financial decisions in your twenties can help build wealth more than anything else (eg allocating gifts of money into a SIPP as well asa workplace pension and then investing the pension in equity index funds).
    I have managed to persuade my daughter (just graduated from uni) to read some guides that I have written for her on
    1) Income Tax, National Insurance and Capital Gains Tax and 2) Wills and Probate and 3) Inheritance Tax.

  • @maltesetony9030
    @maltesetony9030 3 ปีที่แล้ว +4

    Excellent video - honest & useful.

  • @highwayman01
    @highwayman01 3 ปีที่แล้ว

    Nice Video. I have been an Adviser for 30 years in South Africa still working as i love what I do.

  • @123CloudStrife
    @123CloudStrife 3 ปีที่แล้ว +1

    Yes.

  • @playingFTSE
    @playingFTSE 3 ปีที่แล้ว +2

    Hey Pete. Sounds like our pensions are set up pretty similarly except I just skipped the tilting and went straight global index.
    My ISA however would probably keep you up at night, it's a stock pickers portfolio!
    Great content, thanks for sharing!

  • @markiemucka
    @markiemucka 3 ปีที่แล้ว +1

    Yes, I fully understand the message...simple and boring gets the job done. Reminds me of what Lars Kroijer (Investing Demystified) would preach. In terms on paying off mortgage versus investing in shares ISA, that's an intriguing one. For me, I've opted to pay a low mortgage monthly payment and take a relative risk on Shares ISA (simple global tracker), hoping for better returns versus mortgage pay off although latter are guaranteed returns...hence interesting scenario...we'll see if it pays off :-).

    • @MeaningfulMoney
      @MeaningfulMoney  3 ปีที่แล้ว +1

      I’ve interviewed Lars a couple of times - a great bloke.

  • @uanfindlewis3852
    @uanfindlewis3852 3 ปีที่แล้ว +2

    Great video Pete. As always really clear & straightforward. Looking forward to watching more new videos.

  • @lodersracing
    @lodersracing 3 ปีที่แล้ว +2

    Very interesting, thanks for sharing.

  • @callumtimbrell3702
    @callumtimbrell3702 3 ปีที่แล้ว +3

    Great video Pete! Keep up the amazing work.

  • @cb7560
    @cb7560 ปีที่แล้ว

    Good video. Clearly explained. Subscribed. Interestingly, I do not count where I live as part of my assets, as I need to live somewhere. My pension is about 90% of my assets - been in 95% equity tracker funds or ETFs since the mid 1990s, as I have never got my head around the bond markets (despite a job in finance!).

    • @MeaningfulMoney
      @MeaningfulMoney  ปีที่แล้ว

      I don't count my home as an investment either. I can't eat my house!

  • @chrisf1600
    @chrisf1600 3 ปีที่แล้ว +1

    Great advice. One suggestion I'd make is to have a look at stock market valuations around the world when you're choosing your core fund(s). US stocks have had a great decade, but they are now very expensive by historical standards and returns over the long term are likely to be lower than we have become used to. Personally I have a tilt towards cheaper markets like the UK, since history suggests they are likely to catch up ("mean revert") eventually. Of course, nothing in investing is certain and US stocks may continue to do fantastically for another decade ! That's part of the fun I suppose :)

    • @TbirdThunderstruck
      @TbirdThunderstruck 2 ปีที่แล้ว

      Fair point..
      You are correct most markets are cheaper on most metrics than the US, PE ratios, Market cap / GDP, etc.
      UK is cheap relative to US.
      Some factors might warrant higher valuations..
      The US does have some larger Tech giants (FAANGs) and a higher proportion of companies that are market leaders.
      The US dollar is also the global reserve currency which could be beneficial too.

  • @andrewmallard2301
    @andrewmallard2301 10 หลายเดือนก่อน +1

    Would love to know in which investments you place your money, but appreciate, that is not possible. I'm approaching my 60th year and hitting that junction in life where work and life needs a new balance. The hardest thing to understand is, do I have enough in my pension scheme and I certainly dont like equity release, so feel like I'm having to juggle numerous options without any actually falling neatly into a defined path. Quite a labyrinth.

    • @VanillaCherryBread
      @VanillaCherryBread 10 หลายเดือนก่อน +1

      For the most part, I’m market-cap weight global indexed, with a little tilt towards tech and growth ETFs, and I’m now what I would call pretty wealthy but it really depend on someone’s attitude to risk! There’s a lot of academic studies that show that pension funds should be fairly aggressively invested to last as long as possible.

  • @dawnmartyne
    @dawnmartyne ปีที่แล้ว +1

    Yes. Great helpful

  • @duchinsmickle
    @duchinsmickle 3 ปีที่แล้ว

    Hey I am 16 years old and want to be a financial advisor when I finish my bachelors for finance. I have been investing for about a year now and have a fidelity youth account and have mutual funds that I consistently put money into with every pay check I make. I am waiting to turn 18 because I want to get my ROTH IRA and start my retirement fund asap. My plan is to live as cheap as possible and pay my college off in cash but since I am getting half of it for free it shouldn’t be too expensive not including my scholarships. With the excess budget from my career job I plan on saving up to start a business of some kind. We will see where I end up, I got lucky enough to learn about all this so that I will have a ton when I retire. Thank you for videos like this I think I will have a pretty good life because of people like you.

  • @chrismajor69
    @chrismajor69 3 ปีที่แล้ว +7

    Warren Buffet recommends low cost index funds for the average investor , he knows a thing or two 👍

    • @boyasaka
      @boyasaka 11 หลายเดือนก่อน +1

      Yup
      I've got ETFs
      Vanguard s and p 500
      And a global etf

  • @christhorpec
    @christhorpec 2 ปีที่แล้ว

    Really enjoy your channel and podcast, very down the earth and straightforward. Thank you!

    • @MeaningfulMoney
      @MeaningfulMoney  2 ปีที่แล้ว +1

      Very kind of you to say, Christopher, thank you! 👍🏻🙏🏻

  • @ryangowan814
    @ryangowan814 3 ปีที่แล้ว +3

    Hi Pete, loved your podcasts for so long now. I was thinking about becoming a financial planner myself, any tips for courses and getting started on this track (currently in the accounting field)? Keep up producing quality content!

    • @MeaningfulMoney
      @MeaningfulMoney  3 ปีที่แล้ว

      Hey Ryan - it’s a noble calling! Start here: th-cam.com/video/eWHA0bErLPA/w-d-xo.html and then come back to me with any questions

  • @catseybod
    @catseybod 3 ปีที่แล้ว +3

    Nicely done, Sir, as ever. Great to see someone in the biz saying it like it is (i.e. Simple is Best) after the bad old days of over mystification to justify their fees.

  • @Watchlover371
    @Watchlover371 3 ปีที่แล้ว +7

    Love this video / simple and accurate from someone who does it for a living. I do agree with the tracker approach / it’s safe, cheap and can be carried out by anyone. I would say I am more financially aware than the average joe. My Isa is in a particular fund / wouldn’t classify it as high risk and have averaged 18% over the last 11 years. This costs me 1%. Surely this would be worthwhile versus the average tracker fund where costs are 0.05% but returns are 10-12%!?

  • @MrAvant123
    @MrAvant123 3 ปีที่แล้ว

    Good talk. I get so sick of the liars or idiots on the AIM share bulletin boards claiming to have 100's of K£ in dodgy stocks. Though I wouldnt be happy to have so much tied into a small business in this way as much bad stuff can happen to these.

  • @rusty911s2
    @rusty911s2 2 ปีที่แล้ว

    Excellent and well presented advice, thank you very much.

  • @michaelcaldwell3709
    @michaelcaldwell3709 3 ปีที่แล้ว +2

    Thanks

  • @YourGirlSudanny
    @YourGirlSudanny 3 ปีที่แล้ว +1

    Love this! Businesses & Bricks! Need to get to thinking!

  • @hooksforestchin
    @hooksforestchin 3 ปีที่แล้ว +1

    Excellent as ever and very open and honest

  • @darylhughes7824
    @darylhughes7824 3 ปีที่แล้ว +1

    Great advice. Thank you.

  • @h3kufc
    @h3kufc 3 ปีที่แล้ว +6

    I use premium bonds as my emergency fund, better that sitting in the bank.

    • @boyasaka
      @boyasaka 11 หลายเดือนก่อน

      Same here
      15k there and can get it out within a week if need be

    • @steviejd5803
      @steviejd5803 3 หลายเดือนก่อน

      But no growth, you have to rely on luck.

  • @roblowry9457
    @roblowry9457 3 ปีที่แล้ว +2

    Yes - great stuff. Thanks for sharing Pete.

  • @Lucy-td1gy
    @Lucy-td1gy ปีที่แล้ว

    Pete - please could you do a video on BTLs? I’d be really interested to hear your views around them, and why you’ve decided to not invest in them. Would also be good if you could talk about why they are a success for some? I’m struggling to find a balanced video on BTLs that’s UK centric.

  • @bc7522
    @bc7522 3 ปีที่แล้ว

    Just discovered your channel top quality stuff mate all the best

    • @MeaningfulMoney
      @MeaningfulMoney  3 ปีที่แล้ว

      Thank you Bc - great to have you here!

  • @ziggytrick
    @ziggytrick 3 ปีที่แล้ว +3

    Pete, mate, you're simply the best, keeping it real.

  • @kevinlally7653
    @kevinlally7653 9 หลายเดือนก่อน

    Thanks for sharing your own circumstances.
    I agree with most of your approach; except for the mortgage side of things.
    As a higher earner, my marginal tax rates are punitive, so I prioritise pension over mortgage.
    I acknowledge that this keeps risk higher - I am foregoing the guaranteed "return" of my mortgage rate on any overpayments I might make, but at the benefit of optimal tax relief and pretty decent ongoing equity returns in the SIPP.

    • @MeaningfulMoney
      @MeaningfulMoney  9 หลายเดือนก่อน +1

      Sounds like the right thing for you, Kevin. It’s all very individual, and it sounds to me like you’re planning things out well - more power to you! 👊🏻

  • @mumbis1845
    @mumbis1845 ปีที่แล้ว

    Thank you for keeping things simple, extremely helpful! You sound a bit breathless though, hope you're alright...best wishes!

    • @MeaningfulMoney
      @MeaningfulMoney  ปีที่แล้ว

      Thank you for being concerned - sweet of you to notice! You’ll notice I’m a bit chunky, but I’m working on this. At the time of this video though I was suffering for a hormone deficiency-related chronic fatigue, so I was often breathless.

  • @samiirmal5586
    @samiirmal5586 2 ปีที่แล้ว

    Amazing video. Great person. Wish you every success 👍👍👍

  • @TobyNewbatt
    @TobyNewbatt 3 ปีที่แล้ว +1

    Great video! So many great nuggets here!

  • @TheMoneyBunker
    @TheMoneyBunker 3 ปีที่แล้ว +4

    Great “advice” Pete, a true pro - keep smashing the vids!

    • @MeaningfulMoney
      @MeaningfulMoney  3 ปีที่แล้ว

      Loving the quotes there - “advice” indeed 😂

  • @velbels
    @velbels ปีที่แล้ว

    Aygo is an awesome car ours is 13 year old and still going strong 😊

  • @belvederebarbados9139
    @belvederebarbados9139 3 ปีที่แล้ว +2

    As a fellow IFA this is a great video. Love the transparency Pete. Keep up the good work

  • @boydsargeant7496
    @boydsargeant7496 3 ปีที่แล้ว +1

    Yes Pete!

  • @martinjarvis8312
    @martinjarvis8312 3 ปีที่แล้ว +2

    Very good video Pete. I’ve always been an advocate of paying ones mortgage off right from the day I got my first one in 1994. I payed it off years ago since getting a divorce I mange to save thousands£££££ I started investing again this year in vanguard at the moment I put 32 grand in this month twenty of that in. An isa. I have three pensions although not paying any in at the money I’m 59 now so not sure it’s worth it.

  • @noahcrafting
    @noahcrafting 3 ปีที่แล้ว +3

    Thanks Pete, great video. Interesting about the % of net worth I’ll have to do some calcs myself

  • @samr8603
    @samr8603 3 ปีที่แล้ว +2

    What about Premium Bonds as a way to keep your emergency cash? Might make a little more than the pathetic bank interest rates.

  • @superpantman
    @superpantman 3 ปีที่แล้ว +1

    There are a lot of people who can tell you where to put your money, often in expert courses. Nothing will beat real world experience.

  • @learnsomethingneweveryday1539
    @learnsomethingneweveryday1539 2 หลายเดือนก่อน

    If you were an employee on similar income as a salary, how ypu would feel about your asset split at your age ?
    Is pension vs ISA 2.5x ratio a good place to be?
    Im similar age to you, wife couple years younger. We focused on pension contributions and our ratio looks very different to you: 6x

  • @dominic8218
    @dominic8218 10 หลายเดือนก่อน

    Hi Pete. My wife and I are 55. I have £1.2m in pension and we jointly need 37k net pa. We are both entitled to max state pension at 67. The pension is world 60/40 dimensional fund. Do you think we have sufficient to see us out adjusting for inflation each year?

  • @maviswheeler8318
    @maviswheeler8318 2 ปีที่แล้ว

    thanks good advice, made me feel good as it's what I've done

    • @MeaningfulMoney
      @MeaningfulMoney  2 ปีที่แล้ว

      Always good to have things confirmed, Mavis! Thanks for watching…

  • @sheraziqbal9556
    @sheraziqbal9556 3 ปีที่แล้ว +2

    I wanted to invest but always felt that due to the risk it was better to make overpayments on my mortgage as that's a guaranteed saving on interest payments I otherwise would have had to pay.

    • @benvosloo2033
      @benvosloo2033 3 ปีที่แล้ว

      That's true, it is a guaranteed saving. The returns on a global passively managed index fund over the long term typically exceed the cost of the interest. Past performance is no guarantee to future performance.
      Why not do both? Put some funds into over paying the mortgage and some into a low cost index fund such as Vanguard Total World (VT) or Vanguard S & P 500 (VOO)?

  • @MrDuncl
    @MrDuncl ปีที่แล้ว

    A question (if you read this). how are funds protected (if at all)? If I put £85K in the bank it will be protected even if they lend it all out on 125% LTV mortgages (like Northern Rock did). If I buy a tracker on a regulated platform an it turns out the company has actually been betting it all on Crypto and goes bust what happens? What happens if I am over 85K on one platform (as I already am with an investment mix similar to yours made about twenty years ago).

  • @craigross341
    @craigross341 3 ปีที่แล้ว +1

    What would the others have done if they couldn't have sold to you? Buying more of the place where you work, if your labour, charisma and contacts are the major source of its value, is a bit like buying shares in the company where you work. If it goes bust you lose your job and your investment. Mind you, I was a public sector worker at the "blunt end", so my risk aversion might be quite high.

    • @MeaningfulMoney
      @MeaningfulMoney  3 ปีที่แล้ว +1

      A great point Craig. Yep, it’s a risk, a big one even. But I’m fortunate to have bought into a 50-year established business and since I’m the boss (well, one of them) it’s success or failure is largely down to me, barring something totally unforeseen. That’s why I’m working hard to shift money out of the business into my own hands through pensions etc.

  • @michaelt2805
    @michaelt2805 3 ปีที่แล้ว +1

    Excellent excellent excellent. Thanks for sharing. I, too, am a financial adviser, and let me say, i thoroughly enjoyed this. Tell me, please, how do you work out how much to have as a cash reserve. This strategy is given to ALL my clients, but i currently base it on three months worth of their expenses.

    • @MeaningfulMoney
      @MeaningfulMoney  3 ปีที่แล้ว +1

      I do the same, but tilt up or down depending on the client’s work situation, their tolerance for uncertainty and the level of their sick benefit from work. I generally say minimum of two months and max of six

  • @bobbybox3968
    @bobbybox3968 2 ปีที่แล้ว

    Love your content. Kind regards from Bonnie Scotland 🏴󠁧󠁢󠁳󠁣󠁴󠁿

    • @MeaningfulMoney
      @MeaningfulMoney  2 ปีที่แล้ว

      Thank you, FF - great to have you with us!

  • @kapzvara5732
    @kapzvara5732 3 ปีที่แล้ว +2

    Great ideas thanks for this.

  • @andrewkirwin4910
    @andrewkirwin4910 3 ปีที่แล้ว

    Love all your videos and listen to your podcasts consecutively on long drives daily, thanks for your efforts

  • @mlisa61
    @mlisa61 2 ปีที่แล้ว

    U need to give us some simple advice on how to invest, tks for what I've heard so far.