Happy Friday guys! If you’re interested in joining the Shareholder Lab, you can sign up to the waitlist here, i’ll keep you update as things progress: shareholderlab.substack.com/subscribe and if you want to get 1 FREE share valued up to £100 with Trading 212 to get your portfolio started, open an account using this link: trading212.com/promocodes/MITCH
Why does Mitch bother buying individual stocks when all the companies hes buying are the companies that are the biggest companies already in the S&P500 which he already owns lol?
@FA9082 those companies make up a percentage of the S&P500. Putting £10 into Apple is not the same as putting £10 into the S&P. Basically he is getting a spread from the S&P amd getting more focused exposure from investing directly on top of what he already has in the S&P. Its perfectly valid. I pay into a global fund instead though to get more variety and then directly into other stocks for either more direct growth potential (like Nvidia) or increase overall dividends (something like a REIT or even Coca-cola). Depends on what you want.
At 56 I already own shares of PALANTIR, TSLA, NVDA and APPL as well. Sure, I don't mind having these equities sit around for a while, but I'd also like to appreciate short-term opportunities that could fetch $200,000 or less..
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.
Good news starting this group, im trying myself to build my tribe of like minded people, to share ideas and grow together, so this definitely appeals to me 👌🏻👍🏻 thanks for the video and transparency 👌🏻👍🏻
Hey Tom, no not always, I’m a bit more selective based on valuations and current performance, at the moment I’m largely just investing in my S&P500 index and have been for the last few months
Great video. I may have missed it but month on month what have you actually had to have been saving on average to get to where you are? You said £400 in your vanguard portfolio, but what would it be across all your investments on average?
Hey! Thanks. I started doing about £400 a month, now into my stocks ISA it’s about £600-£700 a month - across all my investments including my pension it’s a lot more though
@@MitchShoesmithgreat love the transparency. Was interesting hearing you talk about your pension. My work place one has a salary sacrifice system where I could get 40 percent tax relief because of my salary. Only downside is I can’t access that until I’m 65 due to the t’s and c’s. I can’t decide whether to save more in my isa or utilise the scheme more.
Final message being the most important. It’s terrifying how quickly 5-10yrs goes by. Everyone will thank their future self starting somewhere, no matter how little it may feel at the time !
*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*
Investing in many sources of income that are independent on government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.
Sure, investing is essential for maintaining your financial stability, but making any kind of legitimate investment without the correct advice of a professional can result in a significant loss as well.
Well done. Wish I had your position at 28! My portfolio has quite a few similarities albeit slightly higher numbers. I'm a great believer in the Tesla project BUT the last few weeks and looking forward over the next few weeks I've made the decision to bail out until things settle and review things around the August event. So sold 300 shares, kept 50 and put the proceeds into NVDA and BA.L for the time being. Ive a little over 2k of PLTR which I'm sitting on as, like you said, its bubbling just under the surface, just like an Icelandic eruption.
Apart from a 10 stock UK dividend pie the rest of my portfolio is completely VUSA. I keep doubting myself, especially when I see so many people holding individual stocks, but I keep telling myself that keeping it VUSA only is a safer play for me. I’m a quite risk adverse.
Hey Mitch I’m 20yrs old and about b in my 3rd year of college I been saving some money but ultimately for a car and etc , I want to throw like $150 so $50 each into stocks AAPL(apple), CAVA, and SOUN (soundhound) I currently have free stock Exxon XOM. I know you’re not a financial advisor but what would u recommend or best bet.
Thanks Mitch. Great video as always. I have pretty much the same holdings, apart from AMD. I hold Google instead. I wonder if you have a reason for not holding that one? Always look forward to your videos and updates mate 👍 😎
Cheers Adam! No particular reason for not holding Google as an individual holding, I’m adding a lot more to my S&P at the moment so still have exposure just a much smaller weighting ☺️
The whole market has ballooned since 2017 much due to US tech stocks. Literally everybody has seen these returns but the advice of regular investment is solid
well done mate. i've been following your channel/journey for a while now and it's awesome to see how it's grew over that time. how is the house coming along for rent, is it pretty smooth with the tenant/costs of running it with like breakdowns that you need to repair? I'm still trying to decide if I want to buy to let, or just buy one at auction, fix it up then sell it on
Thanks Kieran! Yeah all smooth with the property, minus a rather big increase in service charge which has squeezed my margins, but all ok with the tenant paying rent on time. Yeah it’s always a dilemma! Depends how much time/money you’ve got I guess!
Hi Mitch, fantastic video and some really impressive numbers being shown. One thing that stood out to me was the allocation to some lower volatility assets in your pension. You are obviously very well versed in all things investing so just curious to know why you’ve done that when you’re at the very least 30 years away from accessing this money. Thanks, Jack
Hey Jack - thanks so much! The honest answer is I set it up back in 2017 and never changed it, however I recently left the company I worked for and moving it all into a SIPP so I’ll be reallocating those funds now - I’ll make a follow up video on this☺️
Utmost respect. I have been investing for the last ten years, 27 now, and looking to escape corporate land as soon as possible. Still a good bit to go, but the end is in sight. Keep up the great work!
I started investing on Vanguard, then moved over to T212 in 2020, I've just not transferred the ISA over (I probably should though!). Re All World, it's not that I dislike it as an investment, after all it's made up of 60+% US exposure anyway. I'm just pretty comfortable backing the US right now, thats where all of the companies that generate the most profits and value are. Other big exposures in the All World are the UK which the outlook is a little uninspiring, Japan, could be a good play as part of the all world but it's an area I haven't researched in any real depth. Overall - just a personal preference!
Absolutely great stuff, Mitch. You're smashing it. Completely agree regarding the core message - keep up the consistent contributions and then in 10 or 20 years time we will all look back and be amazed
Hey Mitch, as a fellow 28 year old it was great to have a full peep into your portfolio, that employer pension contribution is very juicy, lucky you! I would be interested to hear more about your property investment. Is it something you would look to do more of in the future? I imagine with that mortgage amount you have a fairly decent ROCE employed with that flat?
Hey! The property investment is ok, not spectacular but not poor. I would buy another one in future, but I think i'd lean towards getting a house rather than a flat. The service charge has massively jumped up this year unexpectedly and its really cut my margins, I'll ideally look to reduce the debt on it when the mortgage is up to increase monthly cash flow so there is more of a buffer. I do think property is a great long term investment and i will likely buy more - all being well!
Hey, great question, currently I’m more focused on capital growth in my portfolio, and less focused on income, which is why I hold the positions I do with very little in the way of dividend payers, as life goes on though I’ll inevitably transition parts of the portfolio though
Hey - just purely from an affordability standpoint, I’m not able to buy £5,000 or £10,000 worth of stock at a time and just leave it there, it’s took me a while to build up to this point from cost averaging out of my pay slip.
@@MitchShoesmith Hey Mitch, thank you for the answer. As someone who is preparing to use Trading212, I have one more question - What does the sale of shares look like and how long does it take to withdraw the money from the account?
It really is astonishing what can be done from watching this. I am late to the game at 39. My plan is 25 years of investing from now. I just started my ISA stocks with 1k VUSA and 1K VWRL. I might toy around with a few individual stocks. Not much. Do you think I should continue with both or focus on VUSA more?
imagine having a big pension like that and have the government take 25 to 40 percent of it when u retire and by time u do retire, they'll take it all or you will never retire.
Great video Mitch, your transparency is appreciated. I have similiar portfolio size but I'm around 20yrs older. I tried individual stocks for 2-3yrs and went back to 100% OEICs, everyone should have their own strategy... I have around 50% in a global index fund with the rest spread around 3x managed funds, probably get better returns than 8% per year with other strategies but portfolio almost runs itself and I sleep better at night. Also using a money market fund for a property deposit...Moving funds to a bond OEIC once I'm ready to draw from portfolio. Good luck with your investing.
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Aileen Gertrude Tippy is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
What made you bother with the "investment" property instead of keeping it in equities? Surely you're better off doing absolutely nothing for higher gains than getting £800/month and having to do all the crap that comes along with being a landlord on a property you're only paying off the interest on.
Even if you just left it all alone and added no more money to it, your portfolio will be worth £1 million by the time you’re 58. In today’s money!!! Amazing job! (assuming a 6% pa return above inflation - a perfectly reasonable assumption…)
I’m always a bit concerned with rentals, the property market isn’t great, and doing some maths and assumptions your mortgage would be around £200pm, tax at 40% around £330pm, leaving just below £400pm minus any repairs and issues. Just seems a lot of headache considering VUSA could have matched that over the same period.
It’s a LTD co so only liable to pay corp tax at 19% on it, and mortgage is £391 a month, I wish I cleared £400 a month profit but sadly nowhere near after accounting for management fees & a recently increased service charge which has hit my margins substantially. I definitely get why it wouldn’t appeal having done it myself for the past 12 months and the stresses that come with it 😂 Nonetheless over the long run once the mortgage gets cleared and property prices increase, and rent will gradually increase too it should be a very good asset with decent passive cash flow too. Feels a bit like “short term pain for long term gain” at the moment though!
Fair play to you mate. Just one word of caution, don't repeat don't panic when your portfolio falls and I mean falls a lot over a long period. You start off saying "its ok I can take it" then after you have lost 29% over 8 months and there is no sign of the markets turning and everything is gloom, do NOT despair! There are always ups and downs and sometimes the downs are long, deep and painful. The sign of a mature and steadfast investor is to put MORE in when markets are performing badly. Yes you read that right. Good luck.
Good video. Nice honesty. The 9k gain in the rental property is a red herring however as you will have large selling costs (solicitor, estate agent, potential void periods, mortgage and insurances). Youre doing amazing though, good video 👍
@@derekcole4949 thanks Derek!! Yeah, you’re right, totally get all that with the investment prop, monthly cash flow covers most of those items and I won’t be selling for a long time (I don’t think) so things like solicitor fees and estate agent sale fees are hard to factor in when I’m not looking to sell
Great work, i have a similar portfolio but I'm living in my property instead. How do you have such an amazing rental yield? its almost 9% per year for that cost. Which area is your property in?
Hey - thanks! It's North Birmingham, but in a fairly affluent area so rental rates are high, however I would caveat that by saying whilst the yield is great, actually monthly profits on it now aren't anything to shout about due to rising service charges (up 30% in a year!).
I have a question - The stocks and shares ISA has a tax free amount of 20k. At the end of the financial year, do you leave the 20k in there and then work towards adding another 20k on top of it...or do you have to open another one up
Bro your supposed to invest into the S&P weekly/monthly and allow the compound interest to make you big profit over the years. 8 grand up front isnt gonna do nothing but make you lose money, take it out
Can I ask you how often do you check your portfolio? How do you react when your investment plummet, do you sell or just buy the dip? I keep freaking out every time it goes down like now, I only invest in global stock ETFs
Hey, I check it a few times a week, but I’m unemotional about it. If the market plummets I’ve historically invested heavily more and I’ll likely not sell at any point at least for the next 5 years!
Hey mitch, thanks for sharing, well played on all of this. Hopefully in 2030 you can enjoy some of those gains. In terms of the pension, is that a private pension fund?
Hi Mitch. Would you think about moving a large proportion of your Workplace pension whilst keeping it open to keep the monthly contributions coming in and put it in your own etf’s to pay less fees and possibly higher gains?
Hey - couple of points to touch on. If you invest in an individual stock, the dividends are paid in cash and appear in your free funds in your investment account for you to reinvest or withdraw. However if you invest in a ETF, like the Vanguard S&P500 ETF, you can choose the ticker symbol VUAG which automatically reinvests the dividends, or the ticker symbol VUSA which distributes the dividends in cash. Both funds have the same exposure, they just treat dividends differently. There are other funds that offer this but you'll have to check based on which ones you're interested in investing in. Hope that helps!
Yeah if I’m honest I think I’ve always been a bit naive to it because it’s always been the same, never worked at another company since graduating so no idea what “normal” employer contributions are. I’m pretty sure it goes up to 15% employer contributions if I were to do I think it’s 8%
@@MitchShoesmith normal companies only match 3%, better ones maybe 5%, but hardly any would put more than you do, them matching 12% to your 5% is out of this world!
Hey Mitch 👋 Quick question. I work in the NHS, do you have any idea whether the option is there to contribute to a stocks pension rather than the current NHS pension scheme?
Hey, I’m by no means a specialist with pensions but I suspect you can’t directly from your payslip as it’s a public sector pension, however you could always open a SIPP if you had additional funds to invest and do it separately, you’d still get the tax benefits too.
Hi Mitch hope you’re good. Im pretty new to this game, just wondering I saw a pie already made up and it had ipos in that pie, would you say it’s safe to invest into something like that ?
Brilliant video mate, just curious, do you have a reason you dont hold the S and P 500 in 212? Im holding a small amount and plan to increase the position monthly for many years to come, if you have a reason for leaving it separate from 212 please tell me
Hey Mitch, just recently discovered your channel this week after getting a bit more serious about investing. Loving the content so far and I’m finding it extremely valuable. I just wanted to get your advice I’m regard to pensions. I’ve got 2 old work pensions that quite frankly I nearly forgot about. I’m wondering if it’s worth putting both of these into a SIPP? I’m not too clued up on it all, so would appreciate any guidance!
Hey, hard to say but it probably would be worthwhile, I suspect you’re probably paying some kind of management fees on both, might be worth consolidating into a SIPP - if I’m honest I’m not too clued up on pensions either, definitely isn’t an area of specialism for me!
Is there ever a bad time to start investing in a S&S ISA if you’re investing for a 10 year period? People say we’re in a bubble at the minute with the ETFs etc. I’m unsure whether to start a S&S ISA, or pay into AVC alongside my government pension which I can take 100% of I tax free upon retirement. Also with an AVC you get an immediate uplift of nearly 40% because of the tax and NI savings.
The worst time to invest is, tomorrow, next week next month or next year. Because there is always some doomer saying its all going to crash tomorrow and we are in a bubble.
@@LawrenceTimme very true. I just don’t know whether it’s best to invest in S&S ISA, or go down the AVC route with the local government. AVC’s give you an immediate uplift of around 40% due to tax and NI savings. Not everyone has the ability to use AVC’s so I’m interested to see which would be the best option.
Is there ever a bad time to start investing in a S&S ISA if you’re investing for a 10 year period? People say we’re in a bubble at the minute with the ETFs etc. I’m unsure whether to start a S&S ISA, or pay into AVC alongside my government pension which I can take 100% of I tax free upon retirement. Also with an AVC you get an immediate uplift of nearly 40% because of the tax and NI savings.
I’ve only ever worked at the same company since graduating so I’m probably a bit naive to it! Don’t really have an idea what other employers provide, but certainly grateful for it!
@@MitchShoesmith most places only match 1:1 so if you put in 5% they put in 5%. Normally 10% match is considered really good. Most places only do 6-8% match. My work does 7.5% match. So yours its extremely good.
Hey James, I don’t consider that as part of my investment portfolio so didn’t include it, same with cash savings too (even though both would contribute to my net worth)
What a ride it's been with meta, we both went though the meat grinder. I remember watching you keep buying while the stock was crashing, paid off in the end
Yeah, just wondering if the risk of ground rent/service charge eating into your overall profit was something that would have been a stopper on going down the investment property route?
Happy Friday guys! If you’re interested in joining the Shareholder Lab, you can sign up to the waitlist here, i’ll keep you update as things progress: shareholderlab.substack.com/subscribe and if you want to get 1 FREE share valued up to £100 with Trading 212 to get your portfolio started, open an account using this link: trading212.com/promocodes/MITCH
The link is not sending me a confirmation email i tried 4 times nothing in spam box?
@@TheAnonyy it’s ok if you’ve signed up it will have registered! ☺️
4 = reefer a friend
Hi. Great insights you share, I used your promo code no share was granted. Any reason for this?
Unbelievable for just 28 years old. Well done mate.
Appreciate that, thanks so much!
Why does Mitch bother buying individual stocks when all the companies hes buying are the companies that are the biggest companies already in the S&P500 which he already owns lol?
@@FA9082 I guess the only argument you could make is if you expect those stocks to outperform the S&P500.
Do you have a job or is it mainly RUclips where you receive the money to invest?@@MitchShoesmith
@FA9082 those companies make up a percentage of the S&P500. Putting £10 into Apple is not the same as putting £10 into the S&P. Basically he is getting a spread from the S&P amd getting more focused exposure from investing directly on top of what he already has in the S&P. Its perfectly valid. I pay into a global fund instead though to get more variety and then directly into other stocks for either more direct growth potential (like Nvidia) or increase overall dividends (something like a REIT or even Coca-cola). Depends on what you want.
At 56 I already own shares of PALANTIR, TSLA, NVDA and APPL as well. Sure, I don't mind having these equities sit around for a while, but I'd also like to appreciate short-term opportunities that could fetch $200,000 or less..
If you need advice on short-term investments, consider speaking with a financial advisor. They have a lot more knowledge and expertise in this area.
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.
@@mariaguerrero08Impressive can you share more info?
Her name is. ‘GERTRUDE MARGARET QUINTO’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Palantir stock price is volatile, however their actual business and financials are incredibly good. 27 is not "overvalued" imo
Good news starting this group, im trying myself to build my tribe of like minded people, to share ideas and grow together, so this definitely appeals to me 👌🏻👍🏻 thanks for the video and transparency 👌🏻👍🏻
Thanks Paul - i think it’d be great but just waiting to see if there is enough demand for it ☺️
Mitch, do you invest in your individual stocks on a monthly basis too?
Hey Tom, no not always, I’m a bit more selective based on valuations and current performance, at the moment I’m largely just investing in my S&P500 index and have been for the last few months
Great video. I may have missed it but month on month what have you actually had to have been saving on average to get to where you are? You said £400 in your vanguard portfolio, but what would it be across all your investments on average?
Hey! Thanks. I started doing about £400 a month, now into my stocks ISA it’s about £600-£700 a month - across all my investments including my pension it’s a lot more though
@@MitchShoesmithgreat love the transparency. Was interesting hearing you talk about your pension. My work place one has a salary sacrifice system where I could get 40 percent tax relief because of my salary. Only downside is I can’t access that until I’m 65 due to the t’s and c’s. I can’t decide whether to save more in my isa or utilise the scheme more.
As a property investor, do you at least recognise how so-called "proverty investment" is destroying the UK?
How is it destroying the UK?
Final message being the most important. It’s terrifying how quickly 5-10yrs goes by. Everyone will thank their future self starting somewhere, no matter how little it may feel at the time !
*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*
Investing in many sources of income that are independent on government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.
Sure, investing is essential for maintaining your financial stability, but making any kind of legitimate investment without the correct advice of a professional can result in a significant loss as well.
It's never easy investing in this current market
Get yourself a professional help.
Do you have any reputable recommendation?
Dude, you’ve gotta filter the bot comments out - literally strips any shred of credibility from what you’re saying.
The first HONEST and TRANSPARENT RUclipsr. Thanks for sharing Mitch! Inspiring :)
Mitch your a clever bloke. You will be very successful. Thank you for showing all your investments most people at any age would be happy
I appreciate that Stephen, trying my best!
Like a financial version of the Incredible Hulk - growing more green!
Haha I’ll take that 😆
Well done. Wish I had your position at 28!
My portfolio has quite a few similarities albeit slightly higher numbers.
I'm a great believer in the Tesla project BUT the last few weeks and looking forward over the next few weeks I've made the decision to bail out until things settle and review things around the August event. So sold 300 shares, kept 50 and put the proceeds into NVDA and BA.L for the time being.
Ive a little over 2k of PLTR which I'm sitting on as, like you said, its bubbling just under the surface, just like an Icelandic eruption.
Apart from a 10 stock UK dividend pie the rest of my portfolio is completely VUSA. I keep doubting myself, especially when I see so many people holding individual stocks, but I keep telling myself that keeping it VUSA only is a safer play for me. I’m a quite risk adverse.
Yeah I’m with you on that mate, I’ve got a few individual holdings but the bulk of my investment value is in the VUSA
Hey Mitch I’m 20yrs old and about b in my 3rd year of college I been saving some money but ultimately for a car and etc , I want to throw like $150 so $50 each into stocks AAPL(apple), CAVA, and SOUN (soundhound) I currently have free stock Exxon XOM. I know you’re not a financial advisor but what would u recommend or best bet.
What advice would you suggest? I live in Spain so whilst I can use trade 212 I can’t invest in an ISA for tax reasons living outside the uk.
Impressive!
I'm just starting aged 52 with £30k from my previous job. Wish I started years ago but my dad always talked me out of it.
Thanks! Best to get started now than never ☺️
Can’t you afford to take more risk within your pension holdings given the long-term nature of the investment product?
That is a very generous company contribution match for your pension - great update!
Thanks man!
Thanks Mitch. Great video as always. I have pretty much the same holdings, apart from AMD. I hold Google instead. I wonder if you have a reason for not holding that one? Always look forward to your videos and updates mate 👍 😎
Cheers Adam! No particular reason for not holding Google as an individual holding, I’m adding a lot more to my S&P at the moment so still have exposure just a much smaller weighting ☺️
Hey Mitch, why don't you convert some of your current S&S ISA into property and use that cashflow to increase your investments?
Hey, cash flow in property isn’t fantastic at the moment, and I believe I’ll get higher ROI from my S&S ISA too
The whole market has ballooned since 2017 much due to US tech stocks. Literally everybody has seen these returns but the advice of regular investment is solid
Great Video From start to finish. If you have $30,000 starting cash to invest how would you allocate it in different sectors?
I wouldn't move my portfolio to 212, simply for peace of mind, i would trust my money with vanguard over 212 every day of the week.
well done mate. i've been following your channel/journey for a while now and it's awesome to see how it's grew over that time. how is the house coming along for rent, is it pretty smooth with the tenant/costs of running it with like breakdowns that you need to repair? I'm still trying to decide if I want to buy to let, or just buy one at auction, fix it up then sell it on
Thanks Kieran! Yeah all smooth with the property, minus a rather big increase in service charge which has squeezed my margins, but all ok with the tenant paying rent on time. Yeah it’s always a dilemma! Depends how much time/money you’ve got I guess!
Do you own your own home on top of that investment property?
I do yes
@@MitchShoesmith That's very good going Mitch, congrats. Keep up the informative videos 🙂👍
So why doesn’t it feature in your portfolio? Surely you would have some positive equity? 🤔 I’m guessing you still live at home with the parents.
Hi Mitch, fantastic video and some really impressive numbers being shown. One thing that stood out to me was the allocation to some lower volatility assets in your pension. You are obviously very well versed in all things investing so just curious to know why you’ve done that when you’re at the very least 30 years away from accessing this money. Thanks, Jack
Hey Jack - thanks so much! The honest answer is I set it up back in 2017 and never changed it, however I recently left the company I worked for and moving it all into a SIPP so I’ll be reallocating those funds now - I’ll make a follow up video on this☺️
22 next month. Have a regular income & live at home with no expenses like car/children. Where do I start please?
Set up an ISA and start buying an S&P 500 or FTSE all world fund, around 200 pounds per month would be a good safe entry in
Utmost respect. I have been investing for the last ten years, 27 now, and looking to escape corporate land as soon as possible. Still a good bit to go, but the end is in sight. Keep up the great work!
Why do you hold S&P on vanguard and t212?
Also, what’s the reason for no all world?
I started investing on Vanguard, then moved over to T212 in 2020, I've just not transferred the ISA over (I probably should though!).
Re All World, it's not that I dislike it as an investment, after all it's made up of 60+% US exposure anyway. I'm just pretty comfortable backing the US right now, thats where all of the companies that generate the most profits and value are. Other big exposures in the All World are the UK which the outlook is a little uninspiring, Japan, could be a good play as part of the all world but it's an area I haven't researched in any real depth. Overall - just a personal preference!
Hey Mitch, I only just found out recently that I should be selling me ESPP holdings. Could you perhaps do a future video on ESPPs?
Thanks!
Hey Joe, why do you need to sell? I'll add it to my list of video ideas!
Absolutely great stuff, Mitch. You're smashing it. Completely agree regarding the core message - keep up the consistent contributions and then in 10 or 20 years time we will all look back and be amazed
Appreciate it Tom, thanks mate!
This kinds of video is a red flag. Keep away from
Hey Mitch, as a fellow 28 year old it was great to have a full peep into your portfolio, that employer pension contribution is very juicy, lucky you!
I would be interested to hear more about your property investment. Is it something you would look to do more of in the future? I imagine with that mortgage amount you have a fairly decent ROCE employed with that flat?
Hey! The property investment is ok, not spectacular but not poor. I would buy another one in future, but I think i'd lean towards getting a house rather than a flat. The service charge has massively jumped up this year unexpectedly and its really cut my margins, I'll ideally look to reduce the debt on it when the mortgage is up to increase monthly cash flow so there is more of a buffer. I do think property is a great long term investment and i will likely buy more - all being well!
Hi Mitch can i ask why you don’t hold any dividend stocks or very little with a large portfolio thanks Steve
Hey, great question, currently I’m more focused on capital growth in my portfolio, and less focused on income, which is why I hold the positions I do with very little in the way of dividend payers, as life goes on though I’ll inevitably transition parts of the portfolio though
So is T212 Cash ISA and Stocks and shares ISA FSC protected or not?????
Yes but I’d recommend you watch my video “is your money safe with Trading 212” so you know exactly what the FSCS covers and what it doesn’t
Sorry your holding was that 5 !!!!!!! Omg 😮
Hey, why were you buying stocks progresivly every month instead of once time buying when price was low?
Hey - just purely from an affordability standpoint, I’m not able to buy £5,000 or £10,000 worth of stock at a time and just leave it there, it’s took me a while to build up to this point from cost averaging out of my pay slip.
@@MitchShoesmith Hey Mitch, thank you for the answer. As someone who is preparing to use Trading212, I have one more question - What does the sale of shares look like and how long does it take to withdraw the money from the account?
Great vid, really enjoyed it!
Is there any specific reason why you don’t utilise fractional shares to ensure all your capital is working for you? :)
Thanks Todd! No particular reason, just prefer buying whole shares to be honest, bit of OCD 😂😂
@@MitchShoesmith ahah, totally makes sense! Thanks for the response! :)
love the vids. but I have 1 question what kind of work are you doing?
Background in Banking but also make money from RUclips too
It really is astonishing what can be done from watching this. I am late to the game at 39. My plan is 25 years of investing from now. I just started my ISA stocks with 1k VUSA and 1K VWRL. I might toy around with a few individual stocks. Not much. Do you think I should continue with both or focus on VUSA more?
Thanks Mitch - excellent story. A question: why VUSA and not VUAG? any color would be greatly appreciated.
I'm 18 and wondering if a lifetime isa would be more beneficial for saving towards buying my first house?
I've got a ftse global allcap and s&p 500 etfs with vanguard..I just switched yhe global into my s &p fund font seem logical having both
imagine having a big pension like that and have the government take 25 to 40 percent of it when u retire and by time u do retire, they'll take it all or you will never retire.
Do a drawdown pension take percentage whilst it still grows as well as taking part of your free 25% free tax
You really should buy more ETH/BTC man! It's out performing all of your other assets combined 😂
Great video Mitch, your transparency is appreciated. I have similiar portfolio size but I'm around 20yrs older. I tried individual stocks for 2-3yrs and went back to 100% OEICs, everyone should have their own strategy... I have around 50% in a global index fund with the rest spread around 3x managed funds, probably get better returns than 8% per year with other strategies but portfolio almost runs itself and I sleep better at night. Also using a money market fund for a property deposit...Moving funds to a bond OEIC once I'm ready to draw from portfolio. Good luck with your investing.
Hey, just curious, what job do you have?
Hey, I’m self employed now but did have banking background
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Aileen Gertrude Tippy is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
What made you bother with the "investment" property instead of keeping it in equities? Surely you're better off doing absolutely nothing for higher gains than getting £800/month and having to do all the crap that comes along with being a landlord on a property you're only paying off the interest on.
To utilise the money I have in my business account, to withdraw it and put it in an ISA I’d pay 40% income tax on it first
Another tip, get a partner and use a small part of their money, you put £450 they put £50 every month
Shocking
You should create a discord for the community, i think that would work best !
Even if you just left it all alone and added no more money to it, your portfolio will be worth £1 million by the time you’re 58. In today’s money!!!
Amazing job!
(assuming a 6% pa return above inflation - a perfectly reasonable assumption…)
Yeah that’s pretty insane 🤯 thanks!!
I’m always a bit concerned with rentals, the property market isn’t great, and doing some maths and assumptions your mortgage would be around £200pm, tax at 40% around £330pm, leaving just below £400pm minus any repairs and issues.
Just seems a lot of headache considering VUSA could have matched that over the same period.
It’s a LTD co so only liable to pay corp tax at 19% on it, and mortgage is £391 a month, I wish I cleared £400 a month profit but sadly nowhere near after accounting for management fees & a recently increased service charge which has hit my margins substantially. I definitely get why it wouldn’t appeal having done it myself for the past 12 months and the stresses that come with it 😂
Nonetheless over the long run once the mortgage gets cleared and property prices increase, and rent will gradually increase too it should be a very good asset with decent passive cash flow too. Feels a bit like “short term pain for long term gain” at the moment though!
Fair play to you mate. Just one word of caution, don't repeat don't panic when your portfolio falls and I mean falls a lot over a long period. You start off saying "its ok I can take it" then after you have lost 29% over 8 months and there is no sign of the markets turning and everything is gloom, do NOT despair! There are always ups and downs and sometimes the downs are long, deep and painful. The sign of a mature and steadfast investor is to put MORE in when markets are performing badly. Yes you read that right. Good luck.
Thank you, wise words!!
Good video. Nice honesty. The 9k gain in the rental property is a red herring however as you will have large selling costs (solicitor, estate agent, potential void periods, mortgage and insurances).
Youre doing amazing though, good video 👍
@@derekcole4949 thanks Derek!! Yeah, you’re right, totally get all that with the investment prop, monthly cash flow covers most of those items and I won’t be selling for a long time (I don’t think) so things like solicitor fees and estate agent sale fees are hard to factor in when I’m not looking to sell
Great diversification. I am very similar, just a little heavier Bitcoin.
Great work, i have a similar portfolio but I'm living in my property instead. How do you have such an amazing rental yield? its almost 9% per year for that cost. Which area is your property in?
Hey - thanks! It's North Birmingham, but in a fairly affluent area so rental rates are high, however I would caveat that by saying whilst the yield is great, actually monthly profits on it now aren't anything to shout about due to rising service charges (up 30% in a year!).
IBKR
Where abouts exactly did you buy your property Mitch? You’ve done well at 28. Assuming you have quite a highly paid day job.
Thanks, appreciate that. It’s in North Birmingham.
Thanks for your great video. Can you tell me which pension provider you use? Thanks
Do you invest in vanguard s&p 500 (dist) or (acc)
I have a question - The stocks and shares ISA has a tax free amount of 20k. At the end of the financial year, do you leave the 20k in there and then work towards adding another 20k on top of it...or do you have to open another one up
Yeah you leave it in the account if you want too, then your allowance resets in the following year to top it up again
I invested 8k into S&P 500 the other day, I’m now down £250. I hope it pays of the long term 🙌🏼🙌🏼
Bro your supposed to invest into the S&P weekly/monthly and allow the compound interest to make you big profit over the years. 8 grand up front isnt gonna do nothing but make you lose money, take it out
Can I ask you how often do you check your portfolio? How do you react when your investment plummet, do you sell or just buy the dip? I keep freaking out every time it goes down like now, I only invest in global stock ETFs
Hey, I check it a few times a week, but I’m unemotional about it. If the market plummets I’ve historically invested heavily more and I’ll likely not sell at any point at least for the next 5 years!
Used your free share, got 0.07 of a share equating to £25 in Microsoft. Intend to start by putting £100 per month into the vanguard S&P500.
Nice!!
Hey mitch, thanks for sharing, well played on all of this. Hopefully in 2030 you can enjoy some of those gains. In terms of the pension, is that a private pension fund?
Hey! Thanks! Let’s hope so! My pension is a workplace pension scheme I’m on, not a private one ☺️
Really made me think what I should be doing better with my side hustle money each month. Ty. 👍
Hi Mitch. Would you think about moving a large proportion of your Workplace pension whilst keeping it open to keep the monthly contributions coming in and put it in your own etf’s to pay less fees and possibly higher gains?
I was looking into invest back in 2020 but never did and was unsure how to. I'm happy that I finally made the step but feel like i missed out
It’s ok, no better time like the present! In another 4 years time you’ll look back and think “I’m glad I started in 2024”
How’s dividends work sure heard there a way so the automatically get re-invested
Hey - couple of points to touch on. If you invest in an individual stock, the dividends are paid in cash and appear in your free funds in your investment account for you to reinvest or withdraw. However if you invest in a ETF, like the Vanguard S&P500 ETF, you can choose the ticker symbol VUAG which automatically reinvests the dividends, or the ticker symbol VUSA which distributes the dividends in cash. Both funds have the same exposure, they just treat dividends differently. There are other funds that offer this but you'll have to check based on which ones you're interested in investing in. Hope that helps!
Wow you only out in 5% and the employer gives you 12%. That's crazy. These employers are nuts.
Yeah if I’m honest I think I’ve always been a bit naive to it because it’s always been the same, never worked at another company since graduating so no idea what “normal” employer contributions are. I’m pretty sure it goes up to 15% employer contributions if I were to do I think it’s 8%
@@MitchShoesmith normal companies only match 3%, better ones maybe 5%, but hardly any would put more than you do, them matching 12% to your 5% is out of this world!
Hey Mitch 👋 Quick question. I work in the NHS, do you have any idea whether the option is there to contribute to a stocks pension rather than the current NHS pension scheme?
Hey, I’m by no means a specialist with pensions but I suspect you can’t directly from your payslip as it’s a public sector pension, however you could always open a SIPP if you had additional funds to invest and do it separately, you’d still get the tax benefits too.
What do you do for your day job mate?
I work in Banking in a supplier risk/relationship management role
Hi Mitch, I find your videos not only helpful but hugely interesting. I would be interested to learn more about your two Sipp funds if possible ?
Thanks Steve! I think I may do another standalone video on pensions, seems like an underserved topic!
Hi Mitch hope you’re good. Im pretty new to this game, just wondering I saw a pie already made up and it had ipos in that pie, would you say it’s safe to invest into something like that ?
Hey, if it's a pie purely made up of IPO's then it's highly speculative, there are much lower risk investments out there!
Brilliant video mate, just curious, do you have a reason you dont hold the S and P 500 in 212? Im holding a small amount and plan to increase the position monthly for many years to come, if you have a reason for leaving it separate from 212 please tell me
@@maul5949 hey, thanks! I do have a holding in the S&P500 in Trading 212…
bro that was literally the biggest holding in his T212...
Why did you choose vanguard UK Vs USA or global?
Hey Mitch, just recently discovered your channel this week after getting a bit more serious about investing. Loving the content so far and I’m finding it extremely valuable. I just wanted to get your advice I’m regard to pensions. I’ve got 2 old work pensions that quite frankly I nearly forgot about. I’m wondering if it’s worth putting both of these into a SIPP? I’m not too clued up on it all, so would appreciate any guidance!
Hey, hard to say but it probably would be worthwhile, I suspect you’re probably paying some kind of management fees on both, might be worth consolidating into a SIPP - if I’m honest I’m not too clued up on pensions either, definitely isn’t an area of specialism for me!
At 28 awesome work dude. I am 26 and been investing two years less, started in 2019. So close to hitting 6 figs!
6 what
Hi Mitch, great video! which area have you purchased your investment property in?
Hey! Thanks, it's in north Birmingham
Is there ever a bad time to start investing in a S&S ISA if you’re investing for a 10 year period?
People say we’re in a bubble at the minute with the ETFs etc.
I’m unsure whether to start a S&S ISA, or pay into AVC alongside my government pension which I can take 100% of I tax free upon retirement. Also with an AVC you get an immediate uplift of nearly 40% because of the tax and NI savings.
The worst time to invest is, tomorrow, next week next month or next year. Because there is always some doomer saying its all going to crash tomorrow and we are in a bubble.
@@LawrenceTimme very true. I just don’t know whether it’s best to invest in S&S ISA, or go down the AVC route with the local government. AVC’s give you an immediate uplift of around 40% due to tax and NI savings.
Not everyone has the ability to use AVC’s so I’m interested to see which would be the best option.
Is there ever a bad time to start investing in a S&S ISA if you’re investing for a 10 year period?
People say we’re in a bubble at the minute with the ETFs etc.
I’m unsure whether to start a S&S ISA, or pay into AVC alongside my government pension which I can take 100% of I tax free upon retirement. Also with an AVC you get an immediate uplift of nearly 40% because of the tax and NI savings.
It was a pretty bad time two months ago when I put 20k in a stocks and shares ISA. After 7 weeks I’m currently-£204! 😬
Maybe try an all world one?
What’s that calculator you using where can I find it
Hey, I think its this one: www.google.com/search?client=safari&rls=en&q=compoundcalculator&ie=UTF-8&oe=UTF-8
12% pension matching is crazy!
I’ve only ever worked at the same company since graduating so I’m probably a bit naive to it! Don’t really have an idea what other employers provide, but certainly grateful for it!
@@MitchShoesmith most places only match 1:1 so if you put in 5% they put in 5%. Normally 10% match is considered really good. Most places only do 6-8% match. My work does 7.5% match. So yours its extremely good.
@@MitchShoesmith my employer only pays 3% 😢
Hey Mitch 👋
Why haven't you included ypur primary residence in your networth?
Hey James, I don’t consider that as part of my investment portfolio so didn’t include it, same with cash savings too (even though both would contribute to my net worth)
What a ride it's been with meta, we both went though the meat grinder. I remember watching you keep buying while the stock was crashing, paid off in the end
Haha yeh for sure! Nice to come out on top 😎📈
Palantir should be included in sp500 soon I think which might give it a bump up
If it ever gets added to a major index then yeah it will help for sure.
wow googd job.well done m8
Thanks!
You don’t hold nvidia Shares ? Could you share your thoughts on that , thanks
No specific reason, I’ve got exposure through my S&P500 ETF so still benefiting from the gains just with a smaller overall exposure
Looks like you must work for LBG?
You’re doing well mate.
Well done! Random question on the Investment property. Assuming it's leasehold, did you ever have any concerns with leasehold and the risks involved?
Thanks! Yeah it’s leasehold, could you elaborate? Only concern I have right now is my rising service charge 😂😬
Yeah, just wondering if the risk of ground rent/service charge eating into your overall profit was something that would have been a stopper on going down the investment property route?
What about personal property?
Buy more Bitcoin.
Haha I've got enough for now, I'm not massively into crypto to be honest
Congrats Mitch! Subbed on Shareholder too. Luck happens when hard work meets opportunity.
Thanks man!
For your pension, do you chose yourself what to invest in? Did it take lots of research or is it fairly broad funds?
Hey, I chose myself but literally only had a few options to chose from
@@MitchShoesmith Similar to my pension with lifesight, could you not transfer yours to a sipp?