Should You Save or Invest Your Money in 2024?
HTML-код
- Опубликовано: 21 окт 2024
- Join My Investing Community on Discord:
bit.ly/TobysCo...
Get the Best Stocks & Shares ISA Spreadsheet here: www.tobynewbat...
The Investing Apps I Use
💸 - Trading 212 - Get a Free share up to £100. Use Code: TOBY in your app if you do not receive your free share.
www.trading212...
💸 - InvestEngine - Get between £10-50 when you sign up and deposit £100 (T&Cs Apply)*
investengine.p...
💸 - Lightyear (EU and UK)- Free Stock
bit.ly/TobyNew...
//Want to speak with me 1:1?
Email me here with your needs and we can book a 1hr 1:1 call.
toby@tobynewbatt.com
//Want to order the Wifi Smart Clock/ Stock Ticker seen behind my videos?
bit.ly/Wifi-Ti...
//My Favourite Credit Card for Points
💸 - American Express Gold Rewards Card - Get 30,000 Points - £0 First Year
bit.ly/Toby-Amex
Disclaimer: This video is provided for information and entertainment purposes only. Please seek the help of a qualified regulated financial professional for any advice. Capital is at risk. Some links are affiliates and I will earn a commission from using them.
*InvestEngine (UK) Limited is Authorised and Regulated by the Financial Conduct Authority (FRN: 801128)
We work for years to earn $1million on our retirement, while some people put thousands of dollars in the forex market and they become millionaires.
Best thing that happened to me last year that I can attest to is the progress I have made so far in trading. Entering the world of trading was my best decision ever. I know more is yet to come in 2024.
Personally, I would say to get a guide. Not sure where you will find a good one, but if your knowledge of the market is limited, it seems like a good idea.
people who care knows that he has built a great reputation over the years. I found him with a simple search.
Thanks for the information.
He has been featured on lots of blogs lately.
You're the best out there Toby! Keep it up 😎👌
Loving the new fractal PC case. Classy AF
It’s definitely a beauty. It’s the most adult looking case I can’t do RGB madness anymore 😂.
@@TobyNewbatt grown up man now 😎
Another great explainer video Toby. I have sent a few of your videos on to work colleagues and relatives now as they need to get investing for the long term
Thank you I hope it helps!
Great video Toby thank you 👍 I liked the chances of return over certain periods section. I'm in the same situation as your client as about to pay a large deposit for a property. My own strategy was to stagger deposits into a moneymarket fund over the last 18 months and have left around £5k in equities in case there is another surge in price... It has paid off but always a balance of risk & reward 🤞🧐
Yes house deposit should be in savings not stonks.
Hi Toby Great video very helpful. im currently learning at the moment what to do. I have £20000 in my cash Isa on 212 and was going to use the interest from that each month to put in to the s&p 500 topping it up with my regular income to £200 a month. do you think that sounds a good idea?
Nice work on this video 😊
Me personally I’d always prioritise investing over saving.
Thank you for sharing this Video.
Invest is the best way.
Hey Toby, well put together mate, exactly what people need to know and encourage them to start investing. Appreciate the videos.
Thank you :)
I've taken the on-the-fence safe position of splitting investing and saving equally. I have to be careful as the breadwinner but also want to watch my money grow but ALSO save for a house. I've only been investing for 2.5yrs but already seeing my patience being rewarded and sacrifice being rewarded.
All time high now so the gigachad high IQ play would be to sell, milk the high interest and just wait till next crash and buy in. Am I right, or am I right? Go get it CHUD buds
😂😂😂
The stock market can stay unreasonable longer than you can hold out, good luck
I put half in and waiting on the other half but it’s hard to not invest it
You're wrong. Taking your money out when the market is at an all time high is a guaranteed way of losing over time. Plenty of studies bear out the catastrophic effect of attempting to do this because in many cases you'll either never go back in, or eventually go back in when its even higher (and then sods law says thats when the market drops ).
Of course, if you are smart enough to know when the highs and lows are then go for it and have your butler reply to this message from your private caribbean island.
My approach to investing has always been never to cash out everything after a time period, whether that be 3, 5 or 10 years.
I just take small slices at appropriate intervals to top up the cash pool (for me that's 4 years of lifestyle expenses)
I don't ever do this, but even if i didn't act until the pool was almost empty, i still wouldn't divest four years in one go ... I'd take say 1.8 years and then look to top up frequently after.
Cashflow management in the withdrawal phase is a tricky business.
I only put half in and waiting for the other half. Is everyone fearful or greedy right now? So that advice confuses me 😂
Hai Toby, can i invest stock and shares with tier 2 skilled visa status?
what I do is save up 20% of my income on a 4% savings account for emergencies and 10% of my income goes into a ETF. that’s 30% of my net income saved both ways.
I needed this video
Great video Toby
Thanks 👍
How much are the record levels just a reflection of inflation effects? We’re seeing numeric highs… but the backdrop is a devaluation of the real value of money. Compounded inflation over the last 3 years in the US is over 15%.
Of course interest rates and inflation are two things to pay attention to. High interest savings does not mean real returns :)
That's also demonstrates how index fund investing essentially keeps pace with inflation.
Higher prices feed through to higher revenues, higher profits and the average share price ticks up to the new level.
@@ChrisShawUK Yes, that’s the point I was making. It’s not ‘record highs’ due to just an overheated market; high inflation has changed the underlying value of money. So perhaps in that context, the current prices look less ‘top heavy’.
@@albedo0point39 yes, I think that's particularly true in the UK market.
The recent surge in the FTSE100 is due to a "catch up" for inflation since all the companies are utility type cash generators.
There's still a long term structural difference in under valuation between London and New York, but who knows if that will ever equalise?
Either way, it's good to own an asset that performs well against inflation
I’ve got 70% into S&P500 15% in ftse 100 what etf would people recommend for the last 15%
What about all of the rest of Europe, Japan or emerging markets? Could be a place to start 👍
@@TobyNewbattthank you for getting back to me haven’t decided between the developed Europe or emerging markets
Whilst I do agree if you're saving for a house short term (under 5 years time) you should stay in cash... But one thing to take into mind is if the equity markets tank then the likelihood is that the housing market has dropped also with it so maybe not such a real loss as such.
In that market though banks may tighten up their lending criteria possibly making it harder for you to be accepted for said loan.
Oh for sure indeed, two very separate markets but no doubt if the stock market has tanked, housing probably will do a similar thing!. Lots of uncertainty!
do a bit of both. also you said the stock market is at an all time high, well it always is, save for a few lower bits in a short time frame, so its always a good time to invest. Im about to invest a lump sum, and trying to decide whether it goes into GPSA or XNAQ (or a bit of both), for the medium term (5 years) and maybe longer. Insightful, calm, Sunday video.
Indeed mate so many all time highs ahead it's just part of the game
Life time isa would probably be better saving for a house
Yes even better tip here
Yep but you can have either cash or S&S LISA so the video is still useful :)
Not only if you’re below 40
I do both but I'm lucky to have saving rates of 5.5% and 8%
Great advice Toby. I am in my late 40's and would hope that I can retire in my late 50's (roughly a 10 yr timeline) . Is it worth investing in Stock and Shares Isa's, saving in fixed term bonds or putting any spare cash into a Pension (mix of all these) ..I am looking for yearly returns of between 5% to 10%. Many thanks
man hearted your question and didn't answer that's brutal.
Any question including the word ‘advice’ is wise to avoid. It’s not too wild (although slightly) to imagine one day providing ‘advice’ via social platforms becomes a focus of our revered regulator.
Not really, the guy's basically asking for advice, that's a no go area.
Sounds like advice. You should note the tax advantages of putting money into a pension, and the flexibility of your chosen retirement date. If you want real-terms returns of 5% or more then you've ruled out cash ISAs immediately. I think you should do some more reading and watching reputable sources until you understand your risk comfort level.
Saving is so boring though! Watching your shares ebb and flow, jumping in and out is the exciting bit. Buy the dips, go in big, wait til your exit price is achieved, take the profit. Right?
TO THE MOON!
@@TobyNewbatt Forget the moon, I’m talking Saturn baby
The Goldman Sachs priming is strong in Tobias Newbatson
saving rates are going down interest rates are going up inflation coming down stock market going green should i be scared like 1980s again that went bang in 89
I'll make a video if it goes bang :P
Is that a new PC case?
I've made some upgrades inside and out :P - Fractal North XL case and then rocking the 14900k and 64gb DDR5 for those sweet video edits :P
@@TobyNewbatt Oh nice! I have just got the laptop equivalent, 14900HX and 64gb Ram, RTX 4080, makes editing so smoooth
Long term 30 year UK FTSE returns graph V UK interest rates would have been useful. Comparing to S and P wasn`t like for like, so to speak and in the past it wasn`t so easy to invest internationally , especially in ` funds `. Good video all the same. PS , I`m not having a pop at you !
Indeed, it was harder many decades ago to just say buy the S&P 500. But no excuses now, it's easier than it ever was and you have all the choice in the world :)
Great video
Thanks!
So in 2020 26% 2021 -20% that gave you 3%. Meaning at that savings rates in cash were higher.
If the stock market goes down in one year and you compare it to a savings rate then yes for one year saving might be better thats the risk :)
Lets say you have 10K.
Would you invest all at once, or 1K drip per month. ? 😊
All at once for me.
i'd argue you want to dump it all when you personally think, it's a bargain for you.
I'm investing such small amounts, that I actually invest weekly so I'm not dropping 10k in an high whilst I could have been investing in a lower price afterwards.
Anyone looking to invest should read enough to know it is a long term strategy, as in 5 years as a minimum, nearly every bit of guidance warns about this.
They should indeed. But always easier said than done especially when times get tough :)
I’m yet to face my first dip since I started investing in index funds (only £100/month) - I’m confident that I’ve educated myself enough to know that I shouldn’t panic or consider selling when it drops - I may even invest more during dips!
I am a bit dissapointed with this video tough.... where is the new fancy t-shirts :) ahhaha
in the wash :P
Can I set up DDs on an ISA to pay my bills..?
Nope its not a bank account? Not sure why you'd want to do that :P
I am so pissed that my parents don't care about investing and didn't teach me how to. They just keep all their money in the bank. I am 21 now and if I invested my money in a global index fund since I started working at 12, I would have so much more money now with little to no risk. Also the currency here has depreciated greatly since 2022 against USD so the return would have been even greater since these global funds invest mostly in the US market.
To be a successful investor you have to make your own decisions and live with them, adjusting as you go.
Blaming other people and economic conditions beyond your control will get you nowhere.
Start investing now, don't sell and see where you are in 10 years
I think you're being a bit harsh on your parents. They would have grown up in the 80s/90s when investing was just something rich people did. 99% of people wouldn't have bought stocks in those times, it wasn't easy like it is now. There was no Internet, that's alone smart phones. There also wasn't etfs then, so they'd have had to phone a broker, investing a minimum sum (which would have been quite high) in an individual stock. There would then be a big commission you'd have to pay to that broker.
It simply wasn't a realistic option for them back in the day. A lot of people your parents age may have been burned by endowment mortgages as well, or heard enough about them to stay away from anything to do with this. All you can do is look forward, you have decades to grow your investments and plan to retire early.
Warren Buffett holding more cash than ever can be a great advice right now
He’s always held cash but this does not mean you should. Unless you’re running a multi billion dollar business and looking to buy a company? 😎
Even Warren Buffett hasn't got a crystal ball and by his own admission makes mistakes.
Has Warren Buffet enjoyed his money?
well I do hope so!
It is not about enjoying your money it is about enjoying your life.
More great (free) advice. The least you could do is hit the Like button! 😀
:)
more than 5 minutes is a very long time...LOL
👍
save your money wait for a recession maybe grab a bargain
Is that what you're doing? Everything in cash until the economy goes into recession again?
@@ChrisShawUK just keep drip feeding the monster
You could be waiting a long time...too many unknown unknowns to try and time the markets.
Great video. Would anyone go for QQQ rather than SPY considering that in the long run has beaten it? E. g.: 132% vs. 80% over a 5 year period.
It's not really comparing apples with apples.
The Nasdaq 100 is not really a market index. There are entry criteria like trading volumes, special weight adjustments and other things that a bunch of dudes have to decide.
So while it's not as sketchy as the dow Jones, it is still open to manipulation.
So when deciding whether to invest or not, you have to figure out not only whether the underlying companies will beat the market over the next period, but you also have to assess whether the composition will move in unpredictable ways
IITU instead of EQQQ perhaps? Or VUSA/CSP1. Don't go Pokemon with the ETFs though. Probably best to have a solid reliable core fund and put a slice into more volatile funds.
First