Keep going mate I started at 41... was in 7K debt and living in my overdraft. I'm now debt free have a 15K emergency fund. 20K saving pot and just surpassed ~£150K. Diversification and a clear understanding of your financial goals are key... I am almost 43 now!
@@knockoutlightz i bought my first home at 40, i started investing at 45 lol. granted, i kept contributing to my NHS pensions since my early 30s and was thankful i did. its never too late at your age
My favorite is the bipolar investment strategy. You split the risky to extremely risky and very little risk completely ignoring the medum risk which isnt rewarding enough and not safe enough.
15:54 You're so right (obviously) about this. In the last earnings quarter, $NVDA, which is in the Quality Factor showed "normal healthy revenue, and the stock tanked because everyone expected the "hyper-growth narrative" to continue.
The only way it works is timing and that is a mugs game for the average investor in ETFs . Best stick to broad market and just keep adding as it has them all in and that is the point of ETFs
Hi, this was interesting, thank you. how does openness to experiences leads to the preference of long-term investing? Also, where do Bogleheads fit into this framework?
It can also be instructive and fun to ask Chat GPT and similar to critique your portfolio in the style of notable investors. "Critique my portfolio in the style of Warren Buffet/Michael Burry/Cathie Wood" for example. Or "Merryn Somerset Webb after a bottle of Prosecco and is trying to conceal her crush on me"... I'm not saying I've done that, I'm just saying it's possible... 😔
My wife want BTL, I want S&S ISA. She reluctantly agreed with me for the latter but she will blame me if this venture fails. She still wants BTL. This is because we have several friends who are in BTL with multiple properties that are highly leveraged. All she sees are the advantages but never the disadvantages with BTL. I don’t know, I could be wrong with S&S ISA but either way I lose. She is still not fully convinced with stocks and shares 😢
Or you could do a bit of both, and then compare the results? Also, in a S&S ISA you could hold some REITs (which are generally commercial property though), and you'll have the tax-free advantage (but no leverage available I think).
@@mario7027 thanks for the advice. i wish we can do both without smashing what we already gained in S&S ISA or release equity from our home. what we both agree is we want to pay off the house in 7 years and taking equity off it is not an option
@@mario7027 we cant do both as it would mean we take equity from our home. we overpay our home mortgage so we can clear it in 7 years, that we are in agreement. only options she said are to raid the S&S ISA or take a loan for the deposit of the BTL. this is a red flag for me. i explained to her this is riskier and she still makes me feel i am not investing in our future or it will be my fault if our future is crap with less money that our friends with BTLs. we both contribute to NhS pensions and we may be ont track for early retirement at early 60s. still i have a feeling she will say ‘i told you so’ 😭
Hi @kindke I think it's unlikely to crash GBP because the messaging about their plans has been so carefully managed. In fact, I think that the adherence to strict debt to GDP rules (even with the use of public sector net financial liabilities (PSNFL)) is likely to scupper any ambitions to give UK GDP a large boost. I don't think it's possible to second-guess what Reeves will do but I've made a video about what I think she'll do if that's any help. Thanks, Ramin.
The answer to the question would be to invest in non GBP assets. In fact a sinking GBP is the single easiest way to generate returns for someone in a global index. If GBP collapses as you predict
Watch those growth stocks: Baillie Gifford invests heavily in growth stocks (eg. their "American" fund), and they got absolutely thrashed when growth went out of fashion at the start of 2022.
