What is a Pension Fund?

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  • Опубликовано: 11 сен 2024
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    In today's video I talk about pension funds. What they are, why they're important and everything you need to know about them. As always, thanks for taking the time to watch this video and please give it a thumbs up and subscribe if you haven’t done so already. Thanks and enjoy!
    Business enquiries: info@afzalhussein.com
    TIMESTAMPS:
    01:15 What is a pension fund?
    01:39 The two main types
    05:20 Where do asset managers fit in?
    06:30 Benefits of investing into pension fund
    07:43 Costs of investing into a pension scheme
    08:50 Blinkist app - 25% discount
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    What is a pension fund?
    #Pensions #Retirement #Careers

Комментарии • 106

  • @mariet1117
    @mariet1117 4 года назад +13

    Thank you this was very helpful

  • @LSD209
    @LSD209 11 месяцев назад +1

    It's not coincidental that the word scheme has definitions that are pretty much antonyms... Similar to words like "left" which can mean remaining or departed. These are called contronyms.

  • @munahwalker4795
    @munahwalker4795 4 года назад +2

    THANK YOU SO MUCH! The best video I have watched on this. So informative and easy to understand
    thanks for breaking it down as you did.

  • @ash.b9829
    @ash.b9829 3 года назад +1

    Thank you so much! You explained this so well.
    Ps: the background is amazing! So many books😍

  • @trochetiaboutic5278
    @trochetiaboutic5278 4 года назад +3

    The explanation is very clear and simple thank you

  • @tipwo6921
    @tipwo6921 3 года назад +5

    If u u did some of these topics back in 2009 I'd have passed gcse business 😂 I spent that yr understanding what asset, equity, leverage meant and never moved on from those words looool
    . I finally know the meaning after binge watching ur vids. Thanks bro

  • @KouteGroover
    @KouteGroover 3 года назад

    Bro thanks for this - I'm studying geographies of money finance & debt and had heaps of pension fund-related academic papers thrown at me but nobody thought to fill us in with these details! Where I was once without a paddle I'm now armed with DC and DB knowledge

  • @ReturnOfJackDawson
    @ReturnOfJackDawson 2 года назад

    THanks so much man what a great video rendering difficult concepts easy to understand. Plus - amazing voice you should do radio shows.

  • @all.music.official
    @all.music.official 4 года назад +1

    love you explaining stuff man!

  • @01al140291
    @01al140291 3 года назад +2

    Thank you so much for this! Do you mind explaining what a pension pool is?

  • @ANTHONY47814
    @ANTHONY47814 2 года назад +66

    Engaging Comments! BTW, What has changed your financial live positively?... (A RESEARCH POOL 📌)

    • @kathleenstoner.n7499
      @kathleenstoner.n7499 2 года назад

      Has to be FX-Trading!!! Making a very good weekly passive income through it.

    • @kathleenstoner.n7499
      @kathleenstoner.n7499 2 года назад

      Not a Pro. LoL. I work with "Sandra Yvonne Webster" in all honesty she is an Angel. Do your own research!

    • @dr.karidouglas1312
      @dr.karidouglas1312 2 года назад

      Nft bubble. Sandra was here in Utah for a seminar. Great speaker, full of humor and rhetorics too. Lol!

    • @Brussardjnr
      @Brussardjnr 2 года назад

      Fish farming.

    • @sharroncampbell4009
      @sharroncampbell4009 2 года назад

      Waste recycling.

  • @jackeyzhu3702
    @jackeyzhu3702 4 года назад +1

    Thank you Afsal for the vid! Meanwhile, would you mind sharing what lens did you use recording this vid?

  • @ravikumarreddi2000
    @ravikumarreddi2000 2 года назад

    What an fluency 👌👌

  • @ktruddlesdin4289
    @ktruddlesdin4289 Год назад

    absolutely love this information ✅✅

  • @ABIRBEATS
    @ABIRBEATS 4 года назад +6

    Quality content as always great advice 💯 📈📊💷

  • @tipwo6921
    @tipwo6921 3 года назад +1

    What pension schemes are halal?

  • @tubaljohn1
    @tubaljohn1 3 года назад

    Thank you for posting.

  • @zEnergizedd
    @zEnergizedd 3 года назад +2

    I just got hired with my state and the way my interviewers explained it is I would get a certain amount of money a month after I retire for the rest of my life I’m not sure what that’s called would that be one of these pensions you talked about? I also invest in a Roth IRA for a secondary retirement plan

  • @arshi2getha4eva
    @arshi2getha4eva 4 года назад +1

    This is very useful thanks

  • @lillyc2885
    @lillyc2885 4 года назад +1

    When the pension amount woll come after we received ppo number

  • @raviteja.gurajala
    @raviteja.gurajala 4 года назад +1

    Very helpful video sir. Keep doing more😃

    • @patriciaaugustine2521
      @patriciaaugustine2521 2 года назад

      Bitcoin officially becomes legal tender in El Salvador. The predominant cryptocurrency btc hits $100k by Dec. Buy bitcoin with PayPal now and save for the future financial freedom.

  • @benjaminethan8295
    @benjaminethan8295 3 года назад +26

    The global pandemic hit the financial market like a wrecking ball and the effect of that on Bitcoin has been no different. The prices of stocks fell all over the world due to masses looking to liquidate stocks due to the global crisis that prevailed. Bitcoin and various other cryptocurrencies followed suit of the financial market and its price halved down from what it was at the beginning of 2020. Many argue that this pointed to Bitcoin being no different than the traditional stocks. Bitcoin was introduced after market crashed in 2008 and its identical behavior to that of the traditional stock

    • @jessicamarkson714
      @jessicamarkson714 3 года назад

      2020 was a huge year for Cryptocurrency! Bitcoin quadrupled in price, many countries around the world recognized it as a form of currency, it received a ton of news coverage and online interest because of the value increase of Bitcoin and the implementation of technology the medical, banking and tech industries to securely store and track information.

    • @darwinmarquis94
      @darwinmarquis94 3 года назад

      In regards to cryptocurrencies, other governments have expressed their concern from China to the US; from Singapore and now even Spain. Just recently, the Spanish National Stock Market Commission (CNMV) published describing bitcoin as a volatile and unstable cryptocurrency but his advise to everyone is start up an investment in Bitcoin base on the increase one can make profits

    • @sophiabob1674
      @sophiabob1674 3 года назад

      @@darwinmarquis94 The pool of Bitcoin is growing, including a recently launched but do these payment tools truly respond to the requirements of being a currency?

    • @greydonalds1158
      @greydonalds1158 3 года назад

      @@sophiabob1674 If you decide to dabble in bitcoin, classify it under your high-risk, high-reward portfolio. You can reap huge profits in the short-term and lose heavily if the value drops.

    • @kyliejulie6068
      @kyliejulie6068 3 года назад

      @@greydonalds1158 Understand that bitcoin is a relatively new technology, and even futurists aren’t sure about its fate.

  • @andrewwalker3312
    @andrewwalker3312 2 года назад

    what about tax you pay when you take money out of pension scheme, so effectively its not tax free at all

  • @vegaarcturus509
    @vegaarcturus509 3 года назад

    What would happen to the pension if the company you work at suddenly quit their business or their sales plummeted and now out of business. Will there be a pension if your birthday was before the day they quit?

  • @ayumahrichard7755
    @ayumahrichard7755 4 года назад +1

    Awesome presentation. You are great.

    • @AfzalHussein
      @AfzalHussein  4 года назад +1

      You're too kind. Thanks!

    • @ayumahrichard7755
      @ayumahrichard7755 4 года назад +1

      @@AfzalHussein Much appreciated, wishing to hear more from you, Sir.

  • @luxushauseragency
    @luxushauseragency 4 года назад

    Excellent video.

  • @stellagrace4496
    @stellagrace4496 2 года назад +4

    *Earning 70,000 Canadian dollars weekly on stock, nft, crypto and forex*

    • @geraldwilansky6424
      @geraldwilansky6424 2 года назад

      Am a newbie, how can I earn as you do?

    • @stellagrace4496
      @stellagrace4496 2 года назад

      @@geraldwilansky6424 Believe Michael Wayne is the best, his trading skills are top notch

    • @Efacexy11111
      @Efacexy11111 2 года назад

      Heard a lot of investing with Mr Michael Wayne and how good he is, please how safe are the profit?

    • @Camille_hendrick_01
      @Camille_hendrick_01 2 года назад

      @@Efacexy11111 trading with him, The profit are secured and over a 100% return on stock, I am now ready to venture into forex.

    • @geraldwilansky6424
      @geraldwilansky6424 2 года назад

      @Kingston Bouchard Thanks 😊

  • @minnieee123
    @minnieee123 4 года назад

    My dads pension is only $600 a month and he’s not allowed to do a lump sum because it’s more than $100k...is this normal?

  • @LabelsFastLTD
    @LabelsFastLTD 4 года назад +1

    What’s your opinion on Vanguard as a investment advisor. I am 25 and doing research in investing.

    • @pamelad6774
      @pamelad6774 2 года назад

      Hi. Bitcoin sky rocket above $50k and would hit $100k by Dec. Start buying cryptocurrencies is good they're a huge help down the road for financial progress.

  • @CaribbeanEmbassyUKTV
    @CaribbeanEmbassyUKTV 4 года назад

    There is tax. What happens when i do retired and take out my money then? Is that money not liable to income tax?

  • @sherryflavour3791
    @sherryflavour3791 4 года назад

    Could you explain where most banker live? How they budget their salaries (1st year analyst to associate) or how to save money on a bankers salary.

    • @josephs3169
      @josephs3169 4 года назад +1

      If you are based in the UK, you'll inevitably live in central London. In the US, you will live in NYC, namely Manhattan. All the big names have firms in London, many of which are in Canary Wharf, Goldman sachs is an exception being situated outside of canary wharf

  • @abdullahe3674
    @abdullahe3674 2 года назад

    at 7:30 you said compond intrest, is it really interest of return on your investment

  • @Huan_Ying.
    @Huan_Ying. 4 года назад

    What kind of degree do you need to be an investment banker ?

  • @xJayhawkFANx
    @xJayhawkFANx 2 года назад

    What about "cash balance" pension plan??

  • @ec6511
    @ec6511 3 года назад

    Why do pensions exist? Why not just use a 401k or IRA?

  • @trishjacobs6363
    @trishjacobs6363 2 года назад

    How long does it take to receive ur lump sum payout

  • @abrahamsass7692
    @abrahamsass7692 2 года назад

    I wonder if you maybe help me or advice me . I work for all the years in the electrical industry sins 1974 .I never received or Drow any funds from that time. We're ever I apply the door's are close. I'm 66 years Old .
    Is there any one out there how can assist me . Looking forward to here from you . Thank you .

  • @MrDisgruntledGamer1
    @MrDisgruntledGamer1 11 месяцев назад

    So pensions are now being held hostage, nice..... so much for free markets

  • @lesliehenriques62
    @lesliehenriques62 3 года назад

    Please help me obtaining my pension i have been a victim of a pension scam

  • @wernesgruder1
    @wernesgruder1 4 года назад

    If you are over 15 and need to ask this question the pension industry will welcome you with open arms. They like people who are financially ignorant

  • @patsytrest4879
    @patsytrest4879 4 года назад

    I have a question regards to company pension plans. My wife will be retiring from her job within a year or do. In our divorce settlement I will get 9 years of her company pension. How does it work and how does this get paid out to me. Ths

  • @feliperivillas1142
    @feliperivillas1142 4 года назад

    Hi afzal, can you please explain what it takes to be a trader in an investment bank? What master should i study? Thanks

  • @alexwyler4570
    @alexwyler4570 3 года назад

    Actually, a guaranteed pension is no longer guaranteed. the company sells it to an insurance company so the employee loses the government guarantee. Pensions were not that expansive when CEOs made 100 times more than the janitor. Now that they make 100000 more than the employees, it is really hard to contribute to employees' pensions and pay for their salaries, their personal plane, their 25million bonuses and the gaz for their big boat. The America that contributed to employee's pensions was a great America, now it feels like we are turning into a third world country with all the homelessness in public parks and employees having to work until they die. That did not exits when CEOs made 100 times more than the janitor and employees had guaranteed pensions forty years ago.
    i will not subscribe since you did not know that. and you were off on other points. you were thinking like a young person that will not need its retirement. good for you to have had investments that paid off.

  • @samuelfad8228
    @samuelfad8228 4 года назад

    Hi, would it be possible to touch on financial advising/ planning field. This will be greatly appreciated.

  • @I-am-not-a-number
    @I-am-not-a-number 4 года назад

    A pension fund is like giving someone else your money to gamble with.
    It is all a con, keep your money and invest it yourself. There are no guarantees.

    • @minnieee123
      @minnieee123 4 года назад

      My dads pension is $600 a month and he can’t cash out because it’s over 100K...do you have any clue why this is

    • @jaebeablessings1005
      @jaebeablessings1005 3 года назад

      Each pension plan is dictated by the company or employer. They define how and when the funds will be disbursed. It is likely that your father's plan does not allow a lump sum pay out because it is costly to the company to pay out amounts over 100,000. Hope that makes some sense. Your father is well within his rights to ask the terms or conditions of his pension plan...

    • @snakeplissken1583
      @snakeplissken1583 2 года назад

      If pension funds dont work then why does government have so many in each state my state has 75 billion just for state workers.

  • @ahmeds754
    @ahmeds754 3 года назад

    You are a Muslim. Don't talk about interests brother