Great video. If you do feel strongly about a stock, say tsla or pltr, is it recommended to go 40 per cent in and leave the rest in an etf? Tsla is insane atm. Wish i had more in it because it would allow me to hit six figures and then withdraw initial investment and put into voo
Agreed on investing more when the markets drop. THAT’S when I try to invest every penny I can. I always consistently invest, but the bear markets are when to get greedy.
Great Intro video, but most people of your age are already investing $thousands anyway. They will have a Defined Contribution Pension. They should take a careful look at what their pension scheme is invested in as they may be able to change it to a MUCH better performing (higher equity) scheme. Many pension schemes give you a default investment in poor UK stocks and low gain bonds but most investors agree that for younger people (20-50), investing in 80% to 100% equity is much better. Meanwhile your default pension scheme is paying for all those pension company employee Porsches!
Thanks for the insight - I started late and so have only been investing for 8 or so years. With all due respect most people age don’t have this kind of money invested at all hence why channels like mine and others exist.
@upthegainsmoney DC pensions contribute at least 8pc of salary. So most people will have thousands of pounds invested already even after 1 year, let alone 10 years or more. So I don't understand your reply?
Not sure where you have got at least 8% from. Most Uk DC schemes are not great at all. Some of my friends is 3% er and 3% ee. But if you take the average salary of £36k, assuming 5% er and say 5% ee, that’s 3.6k per year which is likely not enough for most people in retirement. I agree with you on choosing a low cost index le the S&P. Fees are less, growth is better…absolute no brainer (for people under 50). Shame not enough people know about this and some employer pension structures are too rigid to offer a level of choice. Fact is not enough people contribute enough (due to low salaries) AND their money is not in the optimal investment for them…real shame.
@@nishnoshYep. A lot of people are already investing but they don't realise it. I was going on typ. workplace pension of 5pc employee and 3pc employer but whatever the pc, it's quite a tidy sum after just a few years.
I know my work based pension was set up for a generic, low risk fund. Have since switched that to the same global index I have for my ISA, but it’s crazy how many people have no idea what their pension is invested in. In fact, most people I speak to didn’t even know their pension was invested in anything and just thought it worked like a savings account. I was late to the game with learning about personal finances at 30, but have opted for the highest contribution towards my pension, so 8% from me and 8.5% from my employer. Pretty shocking that no one really teaches you this stuff unless your parents knew about it or you go seeking it on TH-cam.
Nice to find someone who’s not got 3million giving little tips
Top man
Thank you 🙏
Loving these videos, bravo! What software are you using to create the animations? I’ve just started myself and it’s the one thing I can’t figure out 😂
Thanks bud! We use after effects and a few others. It’ll come and there’s lots of tutorials on TH-cam for them
@@upthegainsmoney Ah nice! I have the Adobe package so I will take a look at after effects. Keep up the great videos 💪
It’s better to own whetherspoons than drink in whetherspoons
This is metaphor!!
😂😂😂
Vanguard all world and chill.😊
Gotta love it
Great video.
If you do feel strongly about a stock, say tsla or pltr, is it recommended to go 40 per cent in and leave the rest in an etf? Tsla is insane atm. Wish i had more in it because it would allow me to hit six figures and then withdraw initial investment and put into voo
I personally only have 5% of total holding in a single investment but each persons appetite for risk is completely different.
Agreed on investing more when the markets drop. THAT’S when I try to invest every penny I can. I always consistently invest, but the bear markets are when to get greedy.
Good advice
Thank you
Good job getting out of debt. Sometimes people never break their poor financial habits in adulthood
Thank you 🙏
Sounds like financial security 🔥
Thank you Chris
Great Intro video, but most people of your age are already investing $thousands anyway. They will have a Defined Contribution Pension. They should take a careful look at what their pension scheme is invested in as they may be able to change it to a MUCH better performing (higher equity) scheme. Many pension schemes give you a default investment in poor UK stocks and low gain bonds but most investors agree that for younger people (20-50), investing in 80% to 100% equity is much better. Meanwhile your default pension scheme is paying for all those pension company employee Porsches!
Thanks for the insight - I started late and so have only been investing for 8 or so years. With all due respect most people age don’t have this kind of money invested at all hence why channels like mine and others exist.
@upthegainsmoney DC pensions contribute at least 8pc of salary. So most people will have thousands of pounds invested already even after 1 year, let alone 10 years or more. So I don't understand your reply?
Not sure where you have got at least 8% from. Most Uk DC schemes are not great at all. Some of my friends is 3% er and 3% ee.
But if you take the average salary of £36k, assuming 5% er and say 5% ee, that’s 3.6k per year which is likely not enough for most people in retirement.
I agree with you on choosing a low cost index le the S&P. Fees are less, growth is better…absolute no brainer (for people under 50). Shame not enough people know about this and some employer pension structures are too rigid to offer a level of choice. Fact is not enough people contribute enough (due to low salaries) AND their money is not in the optimal investment for them…real shame.
@@nishnoshYep. A lot of people are already investing but they don't realise it. I was going on typ. workplace pension of 5pc employee and 3pc employer but whatever the pc, it's quite a tidy sum after just a few years.
I know my work based pension was set up for a generic, low risk fund. Have since switched that to the same global index I have for my ISA, but it’s crazy how many people have no idea what their pension is invested in. In fact, most people I speak to didn’t even know their pension was invested in anything and just thought it worked like a savings account.
I was late to the game with learning about personal finances at 30, but have opted for the highest contribution towards my pension, so 8% from me and 8.5% from my employer. Pretty shocking that no one really teaches you this stuff unless your parents knew about it or you go seeking it on TH-cam.
If I don't win a high value premium bond prize on January 3rd, I will be putting most of my money into the market.
Sorry but that’s a ridiculous way to look at building your wealth