Thanks for tuning into this week's episode, if you enjoyed the episode TAP the LIKE button and SUBSCRIBE to the channel! P.S. You can get a copy of Andrew's best-selling book "How To Own The World" and his latest highly praised book "Our Future is Biotech with the link in the BIO And you can get a FREE fractional share worth up to £100 with Trading 212, using the link in my Bio. Capital at risk
Wow you read his book too, that’s amazing! Yeah his book how to own the world is exceptional. I’m very excited to read his latest one. Thanks for tuning into the episode 🙌🏾
Amazing content! As a 25 years old, I am proud to say that I started investing 3 years ago. Best decision ever. There's still a lot to learn and I am enjoying the journey. Before investing I did make a few mistakes trying to bet rich quick, but soon realise that it is not sustainable. But investing 10% of your income every month it is doable. I am grateful for having the resources to learn about investing, it changed my mindset completely. I am on a mission to build generational health just be using time as my best asset. Thank you for this episode.
@@missp8705 Mainly youtube. My favourite channel about investing is OUR RICH JOURNEY. But also book are great resources to learn about saving and investing.
This guy is absolutely fantastic. Good to see someone who is actually intelligent and interesting rather than people who say a lot without actually saying very much
I'm 28 and started investing this year. I have 3 grand worth of ETFs and shares a few months later and I work as a forklift driver (Shit pay). Having it as a backbone to my finances has made me much calmer in my daily life. Kicking myself I didn't start at 20. I'd be balling already 😂
Keep going even on low salary. I’m 55 and almost at the million. I’ve never really had decent jobs just invested consistently and increased as my salary increased. The 100k is the hardest as they say.
@@franciscofredericci4081 if that question is for me I invest in global index funds nothing clever or smart. I was heavily weighted on S&P 500 but now global index funds.
I just bought Andrew's book on audible and will listen to it on my next milk round. I feel privileged that I can live with my parents and save a lot of money in my 20s and set myself up with some healthy savings
I've been investing in the ftse all-world for a couple of years now, but I wish I'd done started investing much sooner. I'm almost 40 so I'm starting too late, I had no knowledge of investing when I started working at 16 & wasn't interested & made so many mistakes along the way. I didn't know anyone who did it & wrongly assumed it's only for rich people. My advice is to start as soon as possible & show this to your kids.
42 here, opened an S&S ISA just two weeks ago 😂 Feeling a bit behind I can’t lie, but everyone has a square one. Literally 1 share in VWRL and 1 in VUSA, 5 in FTSE UK All Share and some others that are probably just beginners’ idiocy but we all have to start somewhere. Onwards and (hopefully) upwards!
That's amazing! You're on the right path for sure and you've invested in a global fund (VWRL) which is brilliant. As you said everyone start from somewhere. Good luck with your investments. Thank you for tuning into the episode
It was an emotional time for me when I got sudden $4m, I registered with a fiduciary ASAP, who helps me manage my portfolio. I diversified about $1.3m into a 6 funds portfolio, which is doing tremendous now. I have steady dividend income weekly, depending on trade and its all Tax free. I believe every family has that one person who will break the family financial struggle, I hope you reading this become the one. 🌹✅
I am looking for how to venture into Dividend investing on a long term basis, I really seek to create an alternate source of income. how did you find a good Fiduciary?
She has pretty decent credentials, left a well organized mail after going through her webpages & reviews. I found this very helpful, Thank you Anthony!
What a great interview! I have Andrew's book , but heard him tonight for the first time! The guy is amazing,, sadly its all to late in life for me , aged 67 I'll have to work until i drop , as this information just wasn't around for average working class kids like me
Great episode as a 21 year old who has been investing since I was 19 and just opened an ISA this tax year. I really loved how we got to learn more about Andrews background as it gave more perspective. Andrew is so open and explains things that make it easy to understand, definitely took away a lot of gems from this episode 🥰
This Podcast is amazing. Everything this guy said resonated with me ie news and bad news, and insulating yourself from it...lack of financial education for young people...compound interest...investment....SUPERB! I am a lecturer of engineering st FE/HE level and it beggars belief how many young people come through our doors without a CLUE on how the basics of finance actually work and how a normal person on the street with a solid work ethic can do very well with just a tiny amount of financial knowledge. This guy is superb and explained things in easy to understand Laymans terms. BRILLIANT guest mate...keep it up!👏👏👏👏👏
He is so true about the point that alot of finacnial books are usually discussing the American experience. It so great to see this discussion from a UK perspective. Soo many interesting topics. The concept of learning finance being equated to the time spent getting your drivers licence. It really is a good point to raise. Thank you for the value added in sharing this content.
Great vid, exactly the stuff I missed in my 20-30's, now I have interested into a JISA for my Grand daughter since she was born 4.5years ago, Jisa now sitting at 11k invested into etf's. Hope she Thanks me when I'm long gone, to All the young listeners invest now not tomorrow you'll thank me in 20 years 🙏
What an amazing podcast and guest!! Everyone should invest in a market weighted global diversified index fund irregardless of how much you earn! There’s saying: poverty is contagious and so is wealth.
As a 55 year almost Millionaire in my investments I can agree with this. My only mistake is I did not do it sooner. And I left my investments early days in high fee low returning funds, and some stock bad purchases which failed. I could have done it much earlier.
@@loverofliberties It's not complicated. Dollar cost average investing in an low cost index fund. Gotta be in it for 25 years minimum. Maximize as much as possible. Compounding is magic once you get to the level it increases exponentially.
In 2020 I evaluated my savings. Inflation, currency devaluation and cost of living was on board or around the corner. Needed to turbo charge the savings into investment. Asked a mate, mate said 'funds'. Looked it up and saw charts. Became chart literate and discovered a whole new world
Simply Brilliant! Message delivered in so digestive way that even my 8 year old understand investing! This must be the best podcast I have seen for investing, honest and straight to the point .
The point about crypto currency's really resonates with me as a guy in his early 20s, Most people my age don't invest at all and the few that do only have eyes for crypto and fast lane fallacies, Trying to convince my friends and family to open an ISA is impossible. On a positive note, Really enjoyed the video and talking points throughout!
They say being broke is mindset. Some people have a broke mindset. It’s unfortunate. I’ve learnt it’s best to speak about wealth to people with a wealth mindset
Yes true but I would argue investing in crypto or stocks and shares is the same thing... is just an exchange of ownership and do not contribute to any companies in that sense as money do not go to businesses but their owners. What help society is entrepreneur not investor. The only investors that help businesses are private investors or angels....
If you think bitcoin isn’t a legitimate investment you’re gonna stay poor forever my man. Blackrock literally snapping it all up right now, Bitcoin ETF being offered as part of pension investments and you think it’s not a legitimate investment? Crazy.
Another brilliant interview Ato. Really appreciate Andrew making this information accessible and not pulling his punches. I'm sharing with my friends who need to hear this.
Very interesting and inspiring interview, which has motivated me to properly learn about investing. Andrew's plain English investing approach to learning will greatly help someone like me, whom has no knowledge of investing. Thanks for providing this interview packed with knowledge, Wisdom and Understanding. I will definitely be buying my recommended books by Andrew Craig. Look forward to more interviews with Andrew.
You can only ignore the news when you, your family, your nation is not affected. An English man, Australian , American can easily say that because their families are not affected, they are the hegemonic force behind most of what is happening and trying to keep on imposing their will on other nations. If you come from the regions where these things are playing out, there is no way to ignore it, because there are faces, lives and millions affected by these events.
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
With investing the first time your investments go negative it feels horrible but stick it out and it will recover. The next time it goes down it won’t bother you anywhere near as much you need to physiological train yourself with that first ‘drop’
Looking forward to adding this to my reading list! Great to have a book on investments and pensions focussed on the UK market! Biotech is definitely the future, soo much great work happening in this industry.
I wish you could bring him back.. I've already listened to this 2 times and I've learnt so much even though I have a fair knowledge about investments... Great Great content.. @savvywallet Thank you soo much.. Priceless information
If you are in your 20s, how do you save for a down payment on a house alongside investing each month. Surely you will build up a stocks and shares ISA and end up having to spend a large chunk of it on your house deposit? Do you restart at that point or should there be a split on investments towards retirement and shorter term goals etc? Seems a shame to split money over multiple ISAs, but you wouldn’t want to empty your ISA every time you have a big spend.
Thanks for the question! It’s a good question. I have an interview with a financial advisor coming up in a few months and I’ll ask them this specific question. Thanks for tuning into the pod
Honest question… don’t you get contents insurance in case of a break in? In which case, you could lose multiple items worth 10K plus or even more depending on your wealth and the items you’ve acquired?
Hi I have a question. I noticed you use the term investing rather loosely 10% for investing. Do you feel that investing should be distinct from savings? I believe that investing has a more long-term non current implication where as saving is more for your immediate needs and future emergencies.
This is some great advice for the average person. If you're planning on working a 9-5 forever then this makes sence that in 35-40 years, you'll make a million in the stock market. However, if you want to cut that time down by 80-90% then the best way to go is investment in digital assets like crypto currency. You'll most likely lose money in the first year unless you're lucky.. but thats the cost of entry. If you stick with it you'll learn from your beginner mistakes and the next year, you'll make some great returns. For young people especially, crypto is the only way youll make tens, huderds or even thousands of percentage gains on your investments over typically a 4 year period. High risk, high reward!
Yes I get it - the last thing you should do is just hold dollars and not invest, but don't blame people not investing on Bitcoin. If you want to see more people become investors cut capital gains to zero and watch markets soar. Get the government out of the way and markets will flourish. Also - I would not overlook bitcoin, the scarcest asset known to man. You don't have to go all in, just DCA long term and build long term wealth.
Thanks so much. Hopefully Ato won't mind my saying that we intend to cover precisely this stuff in another interview soon so please watch out for that!
Is it recommended to invest into areas you have knowledge in, for example I work in a healthcare we tend to get an idea of which pharmaceutical companies are doing well, I really lack knowledge in say tech so probably would not want to invest here
There’s many out there that are very good, it will depend on what you want to invest into and if you want to invest yourself or if you want someone to invest on your behalf, so make sure to do your research. If you’re looking to invest yourself some of the best platforms are Vanguard (it’s low costs and only sells its own funds), Hagreaves Lansdowne, Trading 212 (which I use. If you use the link in my BIO you’ll get a free share worth up to £100, if you deposit £1). For companies that will invest on your behalf you could look at Wealthify of Moneyfarm. I’d recommend watching the episode titled “INVESTING EXPERT: After 10 Years Investing, I LEARNT This About Building Wealth” that’s another conversation on investing. I hope that helps!
Super amazing content guys! Financial education is so important. Live below your means and invest for the long term in an asset you understand is profound and so important so the day will come when you can live and give as you desire. Top tip: Tesla stock $TSLA is a huge generational opportunity. I would recommend you deep dive into the company and mission and if you understand it you will see the potential and benefits as an investment and for all humanity is huge. Good luck!
As well as contributing, which is super great to do, make sure you are aware what your pension is invested in, as by default you are just invested into a balanced fund. I’m in my 40s and as I have time I’m invested in US tech stocks as for the long term and with the advent of AI I believe these growth stocks will perform well. Say 5 years out from retirement you can then revert to a more conservative fund to protect your growth. Good luck in your investing journey
@@MosAchillesJourney24 it’s not possible to invest in individual stocks within a pension, you can only invest in funds. Worth checking the fact sheet of each fund you are considering to make sure the stocks the funds invest in are stocks that you fundamentally believe in and have great risk to reward opportunity. You can only invest individual stocks within a stocks and shares ISA (max £20k a year for each individual). I have found interactive brokers to be the best platform for this here in the UK, in terms of ways of use and costs for each trade.
It is not that simple. I have invested for over 10 years now, I’ve got all the possible ISAS, pension, rental properties… so for some I’m doing well, but I do not have Finacial independence, yet. However, it is not as simple as Andrew explains. I absolutely agree that investing is necessary for retirement, governments won’t save you. But all the theory of yearly 10% profit over 40 years, it’s just that, theory. If my science background has tough me something, it’s that theories are completely different than real life. And even more than this, there are no long term studies with real people and real returns,l for that long it’s all based on paper.
10% investment is good IF you get inflation level pay rises. If you don’t, consider adjusting your monthly accordingly to make sure you maximise returns
The Rothschild example is probably the worst example ever for investing. We are talking about crooked people who made their money through wars, buying politicians, sponsoring revolutions, slave trade and corruption of the highest order. For the average person keeping more of your money in your pocket is a good start before making others rich. Compounding is the second best way to increase wealth overtime in a tax shelter such as ISA only once you have reached your potetial in the short to medium wise skills wise. The best form for investing is in one's ability (skills) to generate multiple streams of income. In short be an insider investor, that's the only way you can get ahead. Passive investing is only for people who have a lot of money to start with. Finally, a lot of the so called 'investment' field is a scum so invest time and money in educating yourself and grow slowly and consistently. If it's too good to be true, then it's not.
Good show but missing crucial info for the audience. Fiat currency debasement is being ignored here. Once you factor this in the hurdle rate to stay still is more like 12%. This is what I like about the bitcoin community, only from here is this understood. Regular finance people are unaware of this. So a compounded 10% over many years is good - but it’s still a melting ice cube situation sadly.
Morning Nana, the general consensus for someone starting just starting in the stock market for the first time is to: 1. I would say continue to educate yourself on investing. Grab books like “the little book of common sense investing” and buy Andrew’s book “how to own the world” and grab Franklins book “the money ladder” and watch the episode I did with Jacques called - “the investing expert: this is making you poorer! How to build wealth from nothing”, that plus this episode should give you a decent understanding of the concept of investing. 2. As mentioned in the episode I did with Jacques, decide if you want someone to do the investments on your behalf (like a robo-advisor) or if you want to do it yourself. 3. If you want to do it yourself then find a low cost investment platform where you can open a stocks and shares isa. By low cost I mean low fees to buy/sell funds or shares and platform charges. Low cost platforms out there are Vanguard (which is very popular. Has a broad range of funds to select from that are well diversified and lots of content on RUclips about their funds), Trading 212 (which I use. You can get a free share worth up to £100 using the link in the description of this episode) AJ Bell (more expensive than vanguard but well regarded) and Hagreaves Lansdowne (more expensive than vanguard but well regarded). Why you want to open a stock and shares isa is so you don’t have to pay tax on money earned from your investments. Alternatively you can open a stocks and shares ISA with a robo-advisor. 4. Continuing on the do it yourself route. General consensus for people starting out is to invest in well diversified index funds or Exchange traded funds (ETFS). This includes global index funds/ETFs which has investments in companies globally. Investing is a journey so take your time, make sure to keep educating yourself and do it for the long-term. Should aim to invest for a minimum of 5 years. Hope this helps and good luck!
@@smhashimnasser5619 I set up a print company when I was 20 years old. The plan was to make £500 per month to supplement my income to be able to get a mortgage. Orders started flooding so I just worked hard and reinvested some of the profits. Luck and hard work. I have no degree.
Thanks for tuning into this week's episode, if you enjoyed the episode TAP the LIKE button and SUBSCRIBE to the channel!
P.S. You can get a copy of Andrew's best-selling book "How To Own The World" and his latest highly praised book "Our Future is Biotech with the link in the BIO
And you can get a FREE fractional share worth up to £100 with Trading 212, using the link in my Bio. Capital at risk
Andrew Craig is THAT guy! Bought his book many moons ago and the relevancy is second to none
Wow you read his book too, that’s amazing! Yeah his book how to own the world is exceptional. I’m very excited to read his latest one. Thanks for tuning into the episode 🙌🏾
😊
@@NatalieScottEmpowers Thanks so much!
@@PlainEnglishFinance Thank you, I’ll definitely start learning about investing #Future millionaires in the making
Amazing content! As a 25 years old, I am proud to say that I started investing 3 years ago. Best decision ever. There's still a lot to learn and I am enjoying the journey. Before investing I did make a few mistakes trying to bet rich quick, but soon realise that it is not sustainable. But investing 10% of your income every month it is doable. I am grateful for having the resources to learn about investing, it changed my mindset completely. I am on a mission to build generational health just be using time as my best asset. Thank you for this episode.
This comment is really inspiring as I started 2 months ago
From the day we start working in Australia, we are all investing. It's compulsory.😂
Love this. What resources did you use?
@@missp8705 Mainly youtube. My favourite channel about investing is OUR RICH JOURNEY. But also book are great resources to learn about saving and investing.
@@SenorNavelsome countries want to keep its population as slaves. Not everyone’s as fortunate as the Australians mate! ❤️
This guy is absolutely fantastic. Good to see someone who is actually intelligent and interesting rather than people who say a lot without actually saying very much
I'm 28 and started investing this year. I have 3 grand worth of ETFs and shares a few months later and I work as a forklift driver (Shit pay).
Having it as a backbone to my finances has made me much calmer in my daily life. Kicking myself I didn't start at 20. I'd be balling already 😂
This is inspiring to hear, as another fairly low paid earner.
Keep going even on low salary. I’m 55 and almost at the million. I’ve never really had decent jobs just invested consistently and increased as my salary increased. The 100k is the hardest as they say.
@@pataleno I appreciate that man, I hope to be in your position one day.
May I ask what do you invest in, how and through who? :)
@@franciscofredericci4081 if that question is for me I invest in global index funds nothing clever or smart. I was heavily weighted on S&P 500 but now global index funds.
22 here, currently putting £300 a month into S&P500 and looking to up slowly up it each year. Hopefully retiring early 🤞🏻
Inves $500 and in my company and get $900 reply so that i can show you the site
Wow, am 48 years old and cleaner here in Uk.I leand now that i should invest some of my salary.🙏
Good for you, people are living longer than ever so you still have many decades ahead of you to build a nice pot. Good luck 🤞
Go for it
I’m 48 and started saving in 2018. Have save a few grand, but now it’s just a case of knowing how to diversify it.
I just bought Andrew's book on audible and will listen to it on my next milk round. I feel privileged that I can live with my parents and save a lot of money in my 20s and set myself up with some healthy savings
You sound like a top person 👍
Andrew Craig is one of the good guys who genuinely wants to help people, or more importantly wants people to learn how to help themselves.
22 here, currently putting £300 a month into S&P500 and looking to up this every year. Hopefully to retire early 🤞🏻
Keep doing what your doing bro and you’ll retire a millionaire 👍 bless up
This is amazing! You’ll definitely have a huge portfolio in the years to come. Thanks for tuning in
I've been investing in the ftse all-world for a couple of years now, but I wish I'd done started investing much sooner. I'm almost 40 so I'm starting too late, I had no knowledge of investing when I started working at 16 & wasn't interested & made so many mistakes along the way. I didn't know anyone who did it & wrongly assumed it's only for rich people. My advice is to start as soon as possible & show this to your kids.
40 is not to late my friend you could still be investing in your 60’s 70,s that 30 years of compounding!
You better off investing in a nasdaw etf such as EQQQ...The nasdaq consistently outperforms the FTSE by a wide margin
Thank You for nice words,I'm 40 as well in few days and also dred that I haven't started early.@@waveyswanswann8107
42 here, opened an S&S ISA just two weeks ago 😂 Feeling a bit behind I can’t lie, but everyone has a square one.
Literally 1 share in VWRL and 1 in VUSA, 5 in FTSE UK All Share and some others that are probably just beginners’ idiocy but we all have to start somewhere. Onwards and (hopefully) upwards!
This was such a good episode, thank you both for the insights 😊
That's amazing! You're on the right path for sure and you've invested in a global fund (VWRL) which is brilliant. As you said everyone start from somewhere. Good luck with your investments. Thank you for tuning into the episode
It was an emotional time for me when I got sudden $4m, I registered with a fiduciary ASAP, who helps me manage my portfolio. I diversified about $1.3m into a 6 funds portfolio, which is doing tremendous now. I have steady dividend income weekly, depending on trade and its all Tax free. I believe every family has that one person who will break the family financial struggle, I hope you reading this become the one. 🌹✅
I am looking for how to venture into Dividend investing on a long term basis, I really seek to create an alternate source of income. how did you find a good Fiduciary?
sincerely speaking i work with Essmildaa Morgan , and will continue to buy and trade. I will stick to her guides for as long as it works.
She has pretty decent credentials, left a well organized mail after going through her webpages & reviews. I found this very helpful, Thank you Anthony!
Congratulations on your breakthrough. Essmildaa Morgan is finally getting the popularity she deserves and this doesn't come as a surprise.
Just stumbled on this, Wow! I Grateful I got my act together and registered Essmildaa Morgan as my Portfolio Manager
What a great interview! I have Andrew's book , but heard him tonight for the first time! The guy is amazing,, sadly its all to late in life for me , aged 67 I'll have to work until i drop , as this information just wasn't around for average working class kids like me
Great episode as a 21 year old who has been investing since I was 19 and just opened an ISA this tax year. I really loved how we got to learn more about Andrews background as it gave more perspective. Andrew is so open and explains things that make it easy to understand, definitely took away a lot of gems from this episode 🥰
This Podcast is amazing. Everything this guy said resonated with me ie news and bad news, and insulating yourself from it...lack of financial education for young people...compound interest...investment....SUPERB! I am a lecturer of engineering st FE/HE level and it beggars belief how many young people come through our doors without a CLUE on how the basics of finance actually work and how a normal person on the street with a solid work ethic can do very well with just a tiny amount of financial knowledge. This guy is superb and explained things in easy to understand Laymans terms. BRILLIANT guest mate...keep it up!👏👏👏👏👏
Thanks so much and couldn't agree more! Very best, Andy.
Just got a free trial with Amazon Audible books and got 1 free credit and purchased Andrew new book 👏🏻
He is so true about the point that alot of finacnial books are usually discussing the American experience. It so great to see this discussion from a UK perspective. Soo many interesting topics. The concept of learning finance being equated to the time spent getting your drivers licence. It really is a good point to raise. Thank you for the value added in sharing this content.
Really good episode. I travelled around Malta to find his book. Great guy
The man himself
THANK YOU FOR GIVING A PLATFORM TO ANDY, he deserves it and one of my most favourite thinkers ❤
This is brilliant, Morgan Housel, Gary 's economics and now this guy are my go to channels, and this one of course. Thanks all!
Great vid, exactly the stuff I missed in my 20-30's, now I have interested into a JISA for my Grand daughter since she was born 4.5years ago, Jisa now sitting at 11k invested into etf's. Hope she Thanks me when I'm long gone, to All the young listeners invest now not tomorrow you'll thank me in 20 years 🙏
Wow, that's amazing. I've recently started one for my nephew he's 10. I wish I had started earlier 😢❤😊
What an amazing podcast and guest!!
Everyone should invest in a market weighted global diversified index fund irregardless of how much you earn!
There’s saying: poverty is contagious and so is wealth.
Thanks so much Abdul. Really kind of you!
Actually, a global fund will intensely do worse than the sp500.
As a 55 year almost Millionaire in my investments I can agree with this. My only mistake is I did not do it sooner. And I left my investments early days in high fee low returning funds, and some stock bad purchases which failed. I could have done it much earlier.
any tips for a newbie?
much appreciated
@@loverofliberties It's not complicated. Dollar cost average investing in an low cost index fund. Gotta be in it for 25 years minimum. Maximize as much as possible. Compounding is magic once you get to the level it increases exponentially.
Which funds did you invest in?
@@ms84r Global index funds and S&P 500.
Simple passive investments.
But you can invest $500 in company and get $900 wetin 2 days
In 2020 I evaluated my savings. Inflation, currency devaluation and cost of living was on board or around the corner. Needed to turbo charge the savings into investment. Asked a mate, mate said 'funds'. Looked it up and saw charts. Became chart literate and discovered a whole new world
Simply Brilliant! Message delivered in so digestive way that even my 8 year old understand investing! This must be the best podcast I have seen for investing, honest and straight to the point .
Andrew is a belter! Love listening to this guy!
Andrew is great right! Thanks for tuning into the episode!
So glad i found this channel just what I needed.
Really good episode love the collaboration 👏🏾👏🏾 and no competition 👌🏾 both have so much to offer! 🔥
This guy singlehandedly opened my eyes to finance with 'How to own the world ' not to mention the pension blackhole back in 2018 when I read his book
This guy is extremely good, i liked him on the Damo podcast too. I will add his book to my reading list one day. Well done on a great interview.
Best interview I have seen so far thanks keep posting
Plain and simple actionable steps. Absolutely loved this.
The point about crypto currency's really resonates with me as a guy in his early 20s, Most people my age don't invest at all and the few that do only have eyes for crypto and fast lane fallacies, Trying to convince my friends and family to open an ISA is impossible. On a positive note, Really enjoyed the video and talking points throughout!
They say being broke is mindset.
Some people have a broke mindset. It’s unfortunate.
I’ve learnt it’s best to speak about wealth to people with a wealth mindset
Yes true but I would argue investing in crypto or stocks and shares is the same thing... is just an exchange of ownership and do not contribute to any companies in that sense as money do not go to businesses but their owners. What help society is entrepreneur not investor. The only investors that help businesses are private investors or angels....
If you think bitcoin isn’t a legitimate investment you’re gonna stay poor forever my man. Blackrock literally snapping it all up right now, Bitcoin ETF being offered as part of pension investments and you think it’s not a legitimate investment? Crazy.
Great start to Monday morning! Thanks 😊
Oh wow this is live now!! 🎉 thank you, just what I need on my Monday morning!! Thank you ❤
Right...this is my next audiobook listen 😊
Glad I discovered this podcast. I'm currently reading his book so it's nice to see the person who wrote it.
Happy I came across this video and just ordered his book
Another brilliant interview Ato. Really appreciate Andrew making this information accessible and not pulling his punches. I'm sharing with my friends who need to hear this.
Amazing episode! Learnt so much
second time listening to your podcast I'm putting on notification wow
This is such an insightful podcast!! Thank you for this platform 👏🏾👏🏾💪🏾 knowledge is power
Very interesting and inspiring interview, which has motivated me to properly learn about investing. Andrew's plain English investing approach to learning will greatly help someone like me, whom has no knowledge of investing. Thanks for providing this interview packed with knowledge, Wisdom and Understanding. I will definitely be buying my recommended books by Andrew Craig. Look forward to more interviews with Andrew.
Thank you guys! Very informative on how to increase my financial literacy. My investment journey has began now
Great interview, so much of what he said made sense, analysis paralysis is so true aswell.
You can only ignore the news when you, your family, your nation is not affected. An English man, Australian , American can easily say that because their families are not affected, they are the hegemonic force behind most of what is happening and trying to keep on imposing their will on other nations.
If you come from the regions where these things are playing out, there is no way to ignore it, because there are faces, lives and millions affected by these events.
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
With investing the first time your investments go negative it feels horrible but stick it out and it will recover. The next time it goes down it won’t bother you anywhere near as much you need to physiological train yourself with that first ‘drop’
Looking forward to adding this to my reading list! Great to have a book on investments and pensions focussed on the UK market! Biotech is definitely the future, soo much great work happening in this industry.
I wish you could bring him back.. I've already listened to this 2 times and I've learnt so much even though I have a fair knowledge about investments... Great Great content.. @savvywallet Thank you soo much.. Priceless information
I have been recommending his book (how to own the world) to all my friends and strangers literally it’s that amazing! Best birthday gift!)
Thanks so much!
This interview is so helpful. Thank you!😊
If you are in your 20s, how do you save for a down payment on a house alongside investing each month. Surely you will build up a stocks and shares ISA and end up having to spend a large chunk of it on your house deposit? Do you restart at that point or should there be a split on investments towards retirement and shorter term goals etc? Seems a shame to split money over multiple ISAs, but you wouldn’t want to empty your ISA every time you have a big spend.
Thanks for the question! It’s a good question. I have an interview with a financial advisor coming up in a few months and I’ll ask them this specific question. Thanks for tuning into the pod
Great episode ❤
1:22:50 1:2 1:22:49 2 1:22:50 :46 1:22:51
Really enjoyed this episode, fantastic guest
I have a share and a third in VUG right now and Im gonna try to keep investing $5 a day into it for the next while.
That’s amazing! Keep that up, the key is consistency and patience to growing a sizeable investment portfolio
@@savvywalletThanks a bunch.
What platform can you use to start investing. Am a newbie at this please.
Amazing content! Loved every minute
Great conversation - thanks for sharing!
Honestly really informative conversation
There is a reason the system don’t teach financial education in schools
Honest question… don’t you get contents insurance in case of a break in? In which case, you could lose multiple items worth 10K plus or even more depending on your wealth and the items you’ve acquired?
Great insights and buying all his books 📚 🤜🏾💯🧨
I am learning and now trying to invest
Thoroughly enjoyed this! Great guest
Didn't realise I wasn't subscribed 😂
Great content as always 👏
Really Great Content!!! Thank you for sharing, Very enlightening.
Great content I surely will tune in to his channel
Hi I have a question. I noticed you use the term investing rather loosely 10% for investing. Do you feel that investing should be distinct from savings? I believe that investing has a more long-term non current implication where as saving is more for your immediate needs and future emergencies.
Great theory
This is some great advice for the average person. If you're planning on working a 9-5 forever then this makes sence that in 35-40 years, you'll make a million in the stock market.
However, if you want to cut that time down by 80-90% then the best way to go is investment in digital assets like crypto currency. You'll most likely lose money in the first year unless you're lucky.. but thats the cost of entry. If you stick with it you'll learn from your beginner mistakes and the next year, you'll make some great returns. For young people especially, crypto is the only way youll make tens, huderds or even thousands of percentage gains on your investments over typically a 4 year period. High risk, high reward!
Top content as usual 🫡!!
Insightful ep. Been overpaying on my mortgage but think sacking up and looking at investments is a great idea
Yes I get it - the last thing you should do is just hold dollars and not invest, but don't blame people not investing on Bitcoin. If you want to see more people become investors cut capital gains to zero and watch markets soar. Get the government out of the way and markets will flourish. Also - I would not overlook bitcoin, the scarcest asset known to man. You don't have to go all in, just DCA long term and build long term wealth.
fantastic interview mate
Very very good podcast, I’ve watched a lot of podcasts and by far this has been one of the most engaging and simplified ones. Good job lads
Fantastic content, would like to hear how AI and bio-tech can work togther.
Thanks so much. Hopefully Ato won't mind my saying that we intend to cover precisely this stuff in another interview soon so please watch out for that!
Trader here for 17 years. Stock market looks grim. Wave 5 approaching and the probabilities of a huge sell off. Bear market. Be careful
Thanks for this interview
really enjoyed this podcast, thanks
Is it recommended to invest into areas you have knowledge in, for example I work in a healthcare we tend to get an idea of which pharmaceutical companies are doing well, I really lack knowledge in say tech so probably would not want to invest here
Great guest
Can you please share the best apps or stocks & shares to look at for compound interest 🙏🏽 thank you
There’s many out there that are very good, it will depend on what you want to invest into and if you want to invest yourself or if you want someone to invest on your behalf, so make sure to do your research. If you’re looking to invest yourself some of the best platforms are Vanguard (it’s low costs and only sells its own funds), Hagreaves Lansdowne, Trading 212 (which I use. If you use the link in my BIO you’ll get a free share worth up to £100, if you deposit £1). For companies that will invest on your behalf you could look at Wealthify of Moneyfarm. I’d recommend watching the episode titled “INVESTING EXPERT: After 10 Years Investing, I LEARNT This About Building Wealth” that’s another conversation on investing. I hope that helps!
What markets should we look to invest in to?
Super amazing content guys! Financial education is so important. Live below your means and invest for the long term in an asset you understand is profound and so important so the day will come when you can live and give as you desire.
Top tip: Tesla stock $TSLA is a huge generational opportunity. I would recommend you deep dive into the company and mission and if you understand it you will see the potential and benefits as an investment and for all humanity is huge. Good luck!
Insightful episode. Thank you.
It’s a good strategy. I also maximise my work pension contribution which my workplace matches.
As well as contributing, which is super great to do, make sure you are aware what your pension is invested in, as by default you are just invested into a balanced fund. I’m in my 40s and as I have time I’m invested in US tech stocks as for the long term and with the advent of AI I believe these growth stocks will perform well. Say 5 years out from retirement you can then revert to a more conservative fund to protect your growth. Good luck in your investing journey
@@Mario-ud1ft good tip Mario. I’m 40 myself. Just double checking, have you put your contributions into individual stocks?
@@MosAchillesJourney24 it’s not possible to invest in individual stocks within a pension, you can only invest in funds. Worth checking the fact sheet of each fund you are considering to make sure the stocks the funds invest in are stocks that you fundamentally believe in and have great risk to reward opportunity. You can only invest individual stocks within a stocks and shares ISA (max £20k a year for each individual). I have found interactive brokers to be the best platform for this here in the UK, in terms of ways of use and costs for each trade.
It is not that simple. I have invested for over 10 years now, I’ve got all the possible ISAS, pension, rental properties… so for some I’m doing well, but I do not have Finacial independence, yet. However, it is not as simple as Andrew explains. I absolutely agree that investing is necessary for retirement, governments won’t save you. But all the theory of yearly 10% profit over 40 years, it’s just that, theory. If my science background has tough me something, it’s that theories are completely different than real life. And even more than this, there are no long term studies with real people and real returns,l for that long it’s all based on paper.
If you can make an average of 10% per year compounded, after all fees etc then you will be better than most of the hedge fund managers out there.
@@Sam-jy5tj that is the catch “if”. And if my grandma had wheels, she would have been a bike 😅
10% investment is good IF you get inflation level pay rises. If you don’t, consider adjusting your monthly accordingly to make sure you maximise returns
The Rothschild example is probably the worst example ever for investing. We are talking about crooked people who made their money through wars, buying politicians, sponsoring revolutions, slave trade and corruption of the highest order.
For the average person keeping more of your money in your pocket is a good start before making others rich. Compounding is the second best way to increase wealth overtime in a tax shelter such as ISA only once you have reached your potetial in the short to medium wise skills wise. The best form for investing is in one's ability (skills) to generate multiple streams of income. In short be an insider investor, that's the only way you can get ahead. Passive investing is only for people who have a lot of money to start with.
Finally, a lot of the so called 'investment' field is a scum so invest time and money in educating yourself and grow slowly and consistently. If it's too good to be true, then it's not.
Bro, the first advert was FIFTEEN MINUTES LONG! Maybe have a word with yt 😮
Excellent
Hi, I loved this, but who do you read? Which author do you follow? There’s so much on RUclips which can be confusing?
Im up 25 percent since 2021
The kenyan Tony Adams , good video
Good show but missing crucial info for the audience. Fiat currency debasement is being ignored here. Once you factor this in the hurdle rate to stay still is more like 12%. This is what I like about the bitcoin community, only from here is this understood. Regular finance people are unaware of this. So a compounded 10% over many years is good - but it’s still a melting ice cube situation sadly.
“Discover Things like spices and other things” Yh take our ancestors to the ‘new world’ 😅
Morning, how do I start to invest in the stock market?
Morning Nana, the general consensus for someone starting just starting in the stock market for the first time is to:
1. I would say continue to educate yourself on investing. Grab books like “the little book of common sense investing” and buy Andrew’s book “how to own the world” and grab Franklins book “the money ladder” and watch the episode I did with Jacques called - “the investing expert: this is making you poorer! How to build wealth from nothing”, that plus this episode should give you a decent understanding of the concept of investing.
2. As mentioned in the episode I did with Jacques, decide if you want someone to do the investments on your behalf (like a robo-advisor) or if you want to do it yourself.
3. If you want to do it yourself then find a low cost investment platform where you can open a stocks and shares isa. By low cost I mean low fees to buy/sell funds or shares and platform charges. Low cost platforms out there are Vanguard (which is very popular. Has a broad range of funds to select from that are well diversified and lots of content on RUclips about their funds), Trading 212 (which I use. You can get a free share worth up to £100 using the link in the description of this episode) AJ Bell (more expensive than vanguard but well regarded) and Hagreaves Lansdowne (more expensive than vanguard but well regarded). Why you want to open a stock and shares isa is so you don’t have to pay tax on money earned from your investments. Alternatively you can open a stocks and shares ISA with a robo-advisor.
4. Continuing on the do it yourself route. General consensus for people starting out is to invest in well diversified index funds or Exchange traded funds (ETFS). This includes global index funds/ETFs which has investments in companies globally.
Investing is a journey so take your time, make sure to keep educating yourself and do it for the long-term. Should aim to invest for a minimum of 5 years. Hope this helps and good luck!
@savvywallet wow, you guys are prompt, precise, fair, and professional 👏👍
First, a six month expenses emergency fund. Then, Low cost, low fee, S&P500 index funds, perhaps with Vanguard UK to start. 10 to 20% per month.
My income is £500,000 per annum. After tax I live on £120,000 and the rest gets invested in global index funds
Amazing. What job do you do to make £500,000?
@@smhashimnasser5619 I set up a print company when I was 20 years old. The plan was to make £500 per month to supplement my income to be able to get a mortgage. Orders started flooding so I just worked hard and reinvested some of the profits. Luck and hard work. I have no degree.
Who spends 100 a month on contents insurance? More like 10 a month. Buildings and contents maybe about 400 a year