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One fund - with >5,000 of the best individual stocks in the world in it. Simple, cheap, global exposure. So many people hold multiple funds with huge overlaps and unintentional? tilts towards one geographic area or sector.
The concept of unpredictability is spot on. But it feels like you are suggesting that the market going up was a good thing. It is instead a huge tragedy if you have an investment horizon of more than 'right now' and keep investing regularly over time, which applies to most of us.
Of course I’d love to buy stocks at 30% discount in the sale. But that requires market timing. And market timing is hard. So hard that >90% of professional investors (vanguard source) can’t do it long term. Which is why we buy and hold and pound cost average into a low cost global tracker automatically every month. Low maintenance, low cost and high chance of success in the long term.
Hi and thank you for doing your best to help us medics out there. Especially those of us who would struggle to have a conversation on money matters and investments. Like most doctors, I am working day and night 6 days a week to finally have some savings. It is enough to buy one 3 bd house in the north, or to invest over one year in SMP to try and create more wealth to possibly purchase two smaller properties for rental. Investment rather than leave it in the bank seems a better strategy. Just wondering your thoughts to someone who has not taken the bold step to invest, so far
Thanks for your kind words. Really hard to answer this without giving advice but maybe this will help? Timestamped to help you - th-cam.com/video/oRM6wByWY6A/w-d-xo.html
🔥 More investing videos please. Not sure if you have a video already on different platforms for different types of ISA and what platforms you use? Thanks for the great content, been telling my colleagues to start watching your stuff.
It’s easy to overthink choosing a platform. First decision is does the platform offer what you want eg Vanguard is great unless you want a LISA or non vanguard funds or individual shares and paradoxically some Vanguard funds are cheaper on other platforms. Second decision is how’s charges for what you want? This is complicated! Eg HL is generally regarded as expensive but I actually have my kids JISA there as it’s no charge for holding or dealing. For S&S LISA the choices are pretty limited! Hope that helps?
@@MedicsMoney it does, thank you. Would you recommend moving s&s ISA between different platforms if you other platforms are cheaper, or best to open a different s&s ISA for this tax year with that platform and leave what you have done previously alone?
Great vid. What are your thoughts on ethical investing. I don’t really want to invest in funds that make money off things like tobacco and fossil fuels. Is there any way of making decent returns by investing more ethically?
Thanks. Really important point about ESG - so important it was one of the first podcast we made nearly 4 years ago 👇www.medicsmoney.co.uk/ep-9-ethical-investing/ There are loads of "ethical" funds now - but also a lot of greenwashing. Even some low cost passive ESG funds if you know where to look for
I would basically like to see this video repeated every year; however I guess this might be bad for Tommy's strategy of not looking at how his investments are performing. 🔥
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Want to improve your finances fast? Join us here www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
Want a free assessment of your finances? Click here medics-hnz5twj1.scoreapp.com
Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here www.medicsmoney.co.uk/join-medics-money/
Great video. Re-iterating "time in the market > timing the market"
Excellent video.
I'm GP UK. looking to understand what a low cost portfolio is. how do I start one
Watch our TH-cam/Podcast/blog/emails to learn about investing or do this 👇www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/
Great message, thanks Tom
Glad you enjoyed it
Are you holding a single ETF or multiple of them?
One fund - with >5,000 of the best individual stocks in the world in it. Simple, cheap, global exposure.
So many people hold multiple funds with huge overlaps and unintentional? tilts towards one geographic area or sector.
@@MedicsMoney are you able to say which fund it is - totally agree with this strategy but the number of funds on offer is mind boggling!!
Because you are a long term invester. You take the dip and the peak and stay invested.
💯 get a sensible plan and do nothing. But doing nothing is hard!
More investing videos please:) Thank you!
More to come!
Nicely Explained
Thank you so much 🙂
The concept of unpredictability is spot on.
But it feels like you are suggesting that the market going up was a good thing. It is instead a huge tragedy if you have an investment horizon of more than 'right now' and keep investing regularly over time, which applies to most of us.
Of course I’d love to buy stocks at 30% discount in the sale.
But that requires market timing.
And market timing is hard.
So hard that >90% of professional investors (vanguard source) can’t do it long term.
Which is why we buy and hold and pound cost average into a low cost global tracker automatically every month.
Low maintenance, low cost and high chance of success in the long term.
Hi and thank you for doing your best to help us medics out there. Especially those of us who would struggle to have a conversation on money matters and investments.
Like most doctors, I am working day and night 6 days a week to finally have some savings.
It is enough to buy one 3 bd house in the north, or to invest over one year in SMP to try and create more wealth to possibly purchase two smaller properties for rental.
Investment rather than leave it in the bank seems a better strategy. Just wondering your thoughts to someone who has not taken the bold step to invest, so far
Thanks for your kind words. Really hard to answer this without giving advice but maybe this will help? Timestamped to help you - th-cam.com/video/oRM6wByWY6A/w-d-xo.html
🔥 More investing videos please. Not sure if you have a video already on different platforms for different types of ISA and what platforms you use? Thanks for the great content, been telling my colleagues to start watching your stuff.
It’s easy to overthink choosing a platform.
First decision is does the platform offer what you want eg Vanguard is great unless you want a LISA or non vanguard funds or individual shares and paradoxically some Vanguard funds are cheaper on other platforms.
Second decision is how’s charges for what you want?
This is complicated!
Eg HL is generally regarded as expensive but I actually have my kids JISA there as it’s no charge for holding or dealing.
For S&S LISA the choices are pretty limited!
Hope that helps?
@@MedicsMoney it does, thank you. Would you recommend moving s&s ISA between different platforms if you other platforms are cheaper, or best to open a different s&s ISA for this tax year with that platform and leave what you have done previously alone?
We’ll do a video on this. But we like to keep it simple so favour transferring IF significant benefits in doing so.
Are you in a Vanguard Lifestrategy?
Nope.
Too much UK tilt for us and we’re 💯 in equities - no bonds😮
@@MedicsMoney thanks
Great vid. What are your thoughts on ethical investing. I don’t really want to invest in funds that make money off things like tobacco and fossil fuels. Is there any way of making decent returns by investing more ethically?
Thanks. Really important point about ESG - so important it was one of the first podcast we made nearly 4 years ago 👇www.medicsmoney.co.uk/ep-9-ethical-investing/
There are loads of "ethical" funds now - but also a lot of greenwashing.
Even some low cost passive ESG funds if you know where to look for
More investment videos please 😀
Thinking of making 5 things to do BEFORE you start investing?
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I would basically like to see this video repeated every year; however I guess this might be bad for Tommy's strategy of not looking at how his investments are performing. 🔥
You gain, Tommy loses. I don't see the problem with that 🤣 See you next year
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