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Not at all. I only start with stock market at 39. No time like the present. Don't forget the links in the description to get a little bonus if you choose to start 👍🙂

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!

The only comparison that matters is the one to yesterday's self. Today you're starting which means you're already better than you were yesterday:)

I lost a lot chasing individual stocks and I feel pretty silly for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market. Well done on profits!

Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I’m invested in ETFs, equity index funds, and individual stocks and use a CFA. On average, she takes 10% of earnings, but using *Lina Dineikiene's* system makes it much more hands-off. I conservatively follow her recommendations and market entry and exit points, and tbh this makes it fairly simple for me... I am convinced it's not just hard work but smart work :-)

I wouldn't say it's a scam. It's just very expensive and definitely don't have customers best interests at heart. That's my view. For sure there are better options out there.

Definitely helps the bottom line. I stay well clear of it

Not quite, I think the commentators reckon that rules will be updated in October.

Amazing stuff! Yeah, the kids have such a long time frame to invest, all being well. It's a great opportunity. Congratulations on your new son ♥️

@@PrettyPennyClub thank you ❤️ You should be very proud of yourself helping families like this 👊

@@danielculbert4816 That's very kind to say

Thankyou. Are you with either of these guys or looking to move?

@@PrettyPennyClub moving out of HL S&S ISA and a good portion out my HL SIPP too, I’ll be sure to use your link for invest engine. I’m guessing I’ll need to sell my funds first before the money can be transferred across to the new isa? I’ve not moved platforms before….

moving out of HL S&S ISA and a good portion out my HL SIPP too, I’ll be sure to use your link for invest engine. I’m guessing I’ll need to sell my funds first before the money can be transferred across to the new isa? I’ve not moved platforms before….

@kieron8051 well thankyou. Very kind. Yeah, I've heard a lot of people quitting h&l - much cheaper options available apart from anything else. Good stuff, hope it's a smooth move for you 👍

Depends what you are looking for here. Here in the UK there are better options with lower fees and ISA offerings which will keep more of your money in your own pocket with no platform costs and tax advantages. Take a look at Trading 212 or InvestEngine. Some links in the description

85k per account. So to be super safe, you could open a new account with another provider.

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my 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 $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

@@CharlesBenjamin-q That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@@chantel-h1r My advisor is VICTORIA CARMEN SANTAELLA;

You can look her up online

@@CharlesBenjamin-q The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my 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 $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

@@HudsonEthan-00 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@@magen-b7n My advisor is VICTORIA CARMEN SANTAELLA;

You can look her up online

@@HudsonEthan-00 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

@@malcolmbirkett1347yep, if you are happy to self manage your portfolio, t212 is a very inexpensive and efficient platform. One of the best 👍

@@kalvb1018 investengine group all the orders together and transact once per day. For long term investors it seems fine. Vanguard operates the same way. In terms of withdrawals, I haven't made many but always been a day or two and it's in the bank account.

Hmm... Not sure about that one. Not sure that is possible right now.

Got to start somewhere 👍

@@PrettyPennyClub completely agree. I got very excited when I hit 100k, but then creeping to the next goal of 300k or 400k is not bringing the same satisfaction and joy as it did when reached the fist 100k. I guess 1M mark will make the difference.. but then it will be bigger goal...

@boyan.manahilov it is funny, that. It's like anything, it's very exciting at the beginning and then becomes a bit of a grind. Might make a good video that one... 😁

Could certainly do that.

Yes, an unlimited number of ISA providers is fine so long as you don't breach your allowance. Just came in for the 2024/25 tax year.

A valid point. Practicality of reporting is often overlooked 👍

Everyone's tax situation will be different, but capital gains is certainly one consideration 👍

@@PrettyPennyClub Hi, thank you for your prompt response. It is very confusing, as a Google search has highlighted money market funds are classed as interest... whilst another search has highlighted Capital Gains applies? So in order to Invest, we need to know exactly, which I don't think the fund details state. Frustrating when we want to do the right thing by the tax. Any advice for the community in what you have found?

@SootheSound i never put out advice! I'm not formally qualified in any manner shape or form. Any kind of earnings from money market funds are taxed in a similar way to interest on cash accounts, but every individual will have a unique tax situation.

@@PrettyPennyClub Hi, and thanks again. Forgive my use of the word 'advice', I've heard the FSC is coming down hard of Creators in this niche regarding 'advice'. Which is something we have at work where we don't 'train' people, we 'familiarise' them, as less legal connotations! 😁 Thanks for your personal view, which I will not use to guide any investing or personal decisions I may/may not choose to make upon post hearing it in an informal context... 🙂.

@SootheSound haha, it's not about that. I'm not an expert, and never have been. I just like to invest.

What are your first thoughts on it?

Yeah, no harm spreading it around

T212 is a good choice. I use it. Simple ETFs and a few individual holdings. Thanks for watching 👍

I suspect it's pennies. E.g. 106p would be £1.06. where the stock is listed should indicate the currency. I think I'm right in saying all that.

@@PrettyPennyClub no the "p" is before the number for example p465.6 like at the Rolls Royce RR stock. No idea what does that mean...

@@suttyotolvajfideszbanda5983 Yes, that's pence. Look up the stock on google or similar and you will see

@@PrettyPennyClub yes you are right it is pence.... "Why are stocks in pence? Shares are traded in pence on the LSE instead of pounds because of the decimalisation of GBP in 1971. At the time there were very few companies with share prices over the £1 level. So share prices were quoted in pence to offer brokers and investors better pricing.11 Dec 2023"

@@PrettyPennyClub thank you Sir!

I think it's fine. The endgame is to be acquired, but investment in the company keeps coming and of course, there is no risk to your deposits up to 85k as it's covered by fscs

@@PrettyPennyClub appreciate the reply :) great that it's FCSCs covered, but I do lose any returns on investment potentially. Almost hope it is acquired to see if the charges go up. Keep up the good work!

@3000jayrich funds are kept separate from the business operations too. I think it's a massively unlikely scenario investengine would disappear without warning. I imagine there would be ample time to make arrangements if they ever closed up shop. No reason for me to think that's on the horizon 👍 you have to be confident with your platform!

1. Can use both. You can now split you ISA allowance across as many platforms as you want. 2. No, can't copy it. You can see the allocations, but not copy it as such 3. I'm probably not going to get into my entire investments. The internet has too many over-shares as it is! 4. No, I don't have that kind of spare money to drop 20k at the start. I would if I could, but I just invest as and when I can Thanks for watching

It's going to be more volatile than other indices. Fewer stocks means less diversity, but, as ever, if it lines up with your goals then it could suit just fine.

@@PrettyPennyClub cheers mate really appreciate it<<<<<<-----

I'm not giving out advice! Just telling folks what I do. Sharing ideas, discoveries and so on. Thanks for watching 👍

Up to you to decide! Haha. Personally, I think trading 212 is the best in terms of flexibility. But for simplicity in investing investengine is probably the winner

Which one? Trading212 offer cfds so will make money on the spreads there. They also make money on your uninvested cash Investengine have a paid product in managed accounts so make money there and will make money on uninvested cash too

Which one? Trading212 offer cfds so will make money on the spreads there. They also make money on your uninvested cash Investengine have a paid product in managed accounts so make money there and will make money on uninvested cash too

You're welcome. Thanks for watching, but I wonder have you missed the point. Quality insults, tho 😁

Investengine doesn't offer international ETFs so no exchange fees to consider here. All available to buy in ££££s. Aimed at UK only, really.

It's an excellent product. I hope they get more traction because its all that people need in my opinion. Simple and effective

Bernie Madoff! Lol. That's a leap 🙂 So many people missing the point on this video. I'll have to do another one. To address your point nobody was complaining about Wood when she was flying and there are certainly cheaper platforms to invest in.

Historical mostly... I've just let them be. These days I pretty much put my money into VWRL as a single ETF.

What is your favourite etf, is it vwrl or visa ?

Vwrl. Vusa is too concentrated to invest in it solely, for me.

I absolutely agree with everything you say. I think vanguard have gone a bit stale and need to refresh to keep more customers coming who might be attracted to these new apps.

Agreed. Although the 5.2% comes from money market funds as I'm aware. Not quite cash, still invested

Hard to pick. Probably T212. It's more mature. Got more in it. But investengine and their ethos appeals to me greatly.

@@PrettyPennyClub Thanks for the reply! I’m edging to towards IE because I like the idea having the option of a managed fund with a small percentage of bonds (maybe 15-20%h. I may put some money in a managed portfolio and some in a DIY one and see which does best.

Yep, IE does offer decent, and cheap managed solutions. Could be a good fit for you 👍

I like InvestEngine too, that's where I kept my ISA the last two years. Simple, no-nonsense and I like it that they are quite a focused platform in that respect. I also have an ISA in T212 from before and Vanguard

@@PrettyPennyClub brilliant 👌🏻

Thankyou

Interesting. Of course, you don't have to invest fractionally. What platform do you like to you use?

@@PrettyPennyClub Vanguard for isa and HL for fund and share account. HL is good for gilts (purely capital preservation to beat a bank and avoid using isa allowance) both do the job well if used for right purpose. Investors sadly need 2-3 platforms. I liked IE simplicity but it’s still an MVP and never used trading 212.

Solid platforms you have. Vanguard is excellent. Does Trading 212 5.2% interest appeal? It's in money market funds of course, so not quite the same thing as cash.

The most fully featured app there is, imho

I do not like how long it takes for orders to execute, T212 is so much better for this. Even when shuffling around my long term investments, it takes ages for orders settle which causes a whole 2 days for me to rearrange stuff, kinda annoying as I don’t do that often but when I do it’s such a waiting game.

@dynasushi840 yep, that's true. Certainly takes longer on investengine

I started off with Vanguard, then opened an Invest engine ISA - WOW! Vanguard is a dinosaur. I opened a T212 ISA this year. At the moment I find I.E easier to navigate. But T212 gets a 👍🏻

@@marcwestby8343 Vanguard does seem a bit behind the times. High quality sustainable business though. No frills platform for sure.

Certainly a popular pick! If you didn't want individual shares... would that change anything for you?

@PrettyPennyClub I played with Investengine for a few months but always came back to Trading 212 for the freedom it gives me. Even though I only buy ETFs, my mind likes the freedom to know i can buy individual stock if I want to 😂

Yep - i think they excute orders a bit faster too. Often it just comes down to what someone likes rather than any technical details. I like that I can pay into two ISA's this year if I want to. Thanks for the comments!