The amount of knowledge in this one video is insane. Ive been sorting my personal finance out over the last year after getting in a bad way with debt. I only now can fully appreciate the number of gems of advice that are in this video. Thank you!
haha you a Manchester lad? I would give anything for one more go at Sankeys. for me it was over when they had to close the smoking area due to all the apartments near by...
@@DamienTalksMoney Yeah man, I grew up up about 20 mins from Sankeys. haha yeah, I remember that...I spent the majority of my early 20's in there raving... wouldn't be able to hack now though 😅 Where you from?
Like the way that you segment your money into different buckets, I find it helps me work towards my goal better, seems to work for you too. Good point at the end about taking risks, you never know what sticks.
Thanks Anthony! I just checked your channel. love that pink in your thumbnails and the fact you are breaking down the financial topics of the week. Subbed and will be watching! Damo
One of the best Personal Finance UA-cam channels going at the moment.. Your presentation included so many important points that people who want to start investing should consider that were put over in a clear and relatable way. Keep up the good work.
Damo you’re inspiring mate. I’ll admit that upon stumbling into your channel I was initially sceptical. As you point out many times, there’s a lot of nonsense out there. But the more vlogs of yours I consume, the more I’m benefiting from your wisdom. I personally love your style as well. Smooth. Thanks for all you do, from me. I’ve really learned a lot this past 6 months and I trust your analysis and observations as they come across as genuine. Thanks again.
Great way of portioning up long/short term. Watch to the end too people! The bit about setting aside money to invest in yourself and your ideas, without that guilt that you can sometimes get, but rather as part of a clear strategy is gold. Recognising that it is still an investment, but that it is ok to throw that small amount against the wall...it could stick and be truly life changing! When you hit over 100k subs the end of this video will hit even harder
Love this comment mate! Going to pin it Honestly I look back at those words even now and think I should have followed my own advice years ago! There is no better investment than yourself the ROI I am getting on UA-cam is beating any investment I have ever made.
I found you today & your videos have been so so useful ! You explained things I’ve been struggling to understand so well ! Guys watch the other videos on his account - so helpful! Please keep releasing videos like this - thank youuu!
Hi Victoria! Thanks so much for this lovely comment. Glad to hear the videos are useful and you enjoyed them! Let me know if your struggling with anything in particular and I will make a video on it. Damo
Recently discovered your channel - great to see a UK-based channel pumping out quality personal finance content. Completely agree with your last point about having a small % set aside for the "gamble" which might just pay off big time. Keep it up!
I've binge watched your videos over the weekend. I'm rubbish at maths and need to take control of my future financial health. This is your best video imo regarding content and sums life up perfectly regardling balance, moderation and having a bit of excitement. Would love to see a few more like this on investment strategies particularly short term investments. Thank you
"Like this green screen behind me, that was an investment... probably not a very good one" ... I look foward to your earnings video at the end of the month or so!! Smashed it!
I know for a fact this channel is gonna grow HUGE by the end of 2021. (If it was a stock, I would buy now! 😂) thanks for providing so much value in these videos Caro... sorry, Damien.
Thank you for sharing your strategy! I just stumbled upon your videos while browsing and I’m hooked! I currently am doing the ETF long term strategy of investing after becoming super interested in it all a year ago. You’ve made me consider having a small amount of money for more short term investing on the side to have a bit of an experiment with! Also, your videos are super engaging, so no surprise that your channel has grown so much!
Thank you so much for your comment! i think it is a natural progression to start with the ETFs and then get curious about stocks. You sound sensible and i am sure will only play with money you can afford to lose. But honestly i imagine once you start you will get the bug even more!
So you were sat there in the spare bedroom with 1000 subscribers after 3 months 😂😎😍 I think your mud stuck to the wall!!! Congratulations Damo, you deserve it and I'm very grateful for your advice.
Great video. I’m working through some of your older stuff being a recent subscriber. The only bit I would change is if you have kids. I’m maxing out my pension contributions to allow me to keep full UK child benefit which is worth £2k a year to me. I love that you and some other finance UA-cam channels appreciate investing in yourself. I’ve turned a hobby into a side hustle in the last 2 years. It’s not enough for me to make it full time but it’s enough to make some decent money and make it worthwhile. Something sensible investments would typically rule out.
Just found your channel from listening to you on Mark and Curtis Tilbury's podcast. Thanks for the clear information, I'm trying hard atm to set up a financial/investment plan. Being from the UK myself, it's nice to get another Brits perspective on things, and mentioning ISA's etc is very helpful. I'm 25 and I've got a lifetime Isa that I've had for three years or so. I'm definitely planning on getting a stocks and share isa and will most likely invest in the S&p 500 and maybe put a small chunk in emerging markets. Thanks a lot for the videos.
The problem with pension contributions (company matching) is that if you are not from the uk and you are not planning on retiring on the UK you will have to pay 25% of the total amount when moving to another country, so you will need to make the numbers to see how many years you are going to stay in the UK before moving to see if its worth it.
Yeah that 25% is annoying! I didn't know this, so thanks for sharing! to play devils advocate. Company matching doubles what you put in, So there may still be a benefit.
Wow! just the videos I have been looking for, I have a work based pension all my colleagues have opted out! I have told them it is the best investment , I have a young son and what him set up for when he is say 25 , these videos are pure gold thank you!!
Hello Damien, thanks for the video. I totally agree with your comments regarding pension contributions, i contribute the maximum 8% towards a DC company pension every month with the company putting in 12%, i contribute another 4%(AVC's) to take it up to the 12%, matching the contributions put in by the company. Absolute no-brainer.
Thank you! I really appreciate your perspective on passive long-term and active short-term strategy. Pro tip: Refer to "retirement" to lower unrealistic expectations, and "financial freedom" to increase motivation.
@@DamienTalksMoney Greetings from The States! This is a welcome surprise for me. Great work on the UA-cam channel. I agree, "long-term" can mean 10, 20, 40 years or even a life time. Important to remember that compound interest allows investments to grow exponentially (faster and faster) over time. I recommend "Your Money and Your Brain" by Jason Zweig to anyone who will listen. It's all about the human brain's bias towards short-term risk taking.
@@DamienTalksMoney It was late, so I'm only 90% sure I searched UA-cam for "emerging markets" and your video on the topic was in the top three. The thumbnail looked well-made, no click-bait title, so I clicked. After watching that, I tapped your channel and looked through recent videos for something familiar to gauge your investment perspective. And here I am.
@@ajrobbins368 here you are! Thank you so much for the feedback AJ it is just good for me to understand how people are finding me. Thank you. If you need anything just drop me a comment always happy to chat, just downloaded the book to suggested also Damo
Also when these ad rev stops paying you should consider compiling these vids into a course and selling to MSM platforms. Very well produced and informative and frankly it is what the youth of today should be hearing in school.
I like your content man and you have a great style - keep it up! I have been focusing recently on getting more financially literate and the way you describe things resonate very effectively with the way I think too.
Love this comment, thanks so much for letting me know man. Being financially literate is as good for you as regular exercise. I look forward to hearing how you get on mate.
Top work, taking a new approach to talking about finance in this ever growing part of UA-cam. Keep it up bro. Subscribed after just watching my third video Also good to see another fellow Brit
I absolutely love this guy. I do wonder though, how many people can afford to invest 1000 pounds a month. I probably could at a push but ill be living a very frugal existence.
@@DamienTalksMoney 50 quid a month sounds more reasonable haha. But I agree. invest what you can and strong likelihood it will grow. it feels good sitting on a pile of investment money tbh since i started investing 3 years ago.
@@madma11 that’s it mate!! This is why everyone needs to do it. You feel free day to day knowing you have a stack in the markets working for you. Thanks for dropping a comment mate. Really appreciate it Damo
Amazing video! You def should have more subs mate! I feel Iv missed something🙈 If we are using our stocks and shares isa for our index fund account, no tax long term. Does that mean for the 10-20 play the market fund short term will be done without the tax wrap ? Cause we can only fund one isa type per year I.e 70% is going via the index fund - is there way round this?
So if you use a platform like trading 212 or freetrade you can buy both index funds and individual companies inside the same ISA so you can do it all in there.
This is the third video I've watched in a row. I like the cut of your jib. Subbed. Props for mentioning Coxy \o/ Speaking of superstar DJ's, you look a lot like a young Pete Tong :)
Yes Steve! thanks so much for watching the videos mate! Always love it when a sub is on the DJ wave length, means i know we would get on haha. Just looked at a young Pete tong image and my Mrs walks in and goes ohhh he looks like you! So yeah guess you are right.
@@DamienTalksMoney HA! >_< And we probably would get on :) Have a good weekend mate and keep up the good work. Your channel is fast becoming one of my fave personal finance ones from the UK along with the Money Unshackled boys, Mamafurfur and The Humble Penny.
Just another trick to consider, for every £86.50 you invest in your LISA (after a basic rate tax relief uplift), you could have invested £100 above your matched contribution to your workplace pension, at today’s NI rate of 13.25%. Indeed, some employers will also return some or all of the NI saving’s they make too (15.05%) under a salary sacrifice arrangement - potentially making that £115.05 (assuming I got my arithmetic right, but you get my point).
A lot companys now are going down the root of the Goverment pension scheme, so if you're still lucky enough to have a good pension scheme with your company keep with it for as long as possible, they can change it as long as they give notice.
Hi Carol, loving the videos! but what would you recommend for someone who doesn't have hundreds of £££ per month to invest and instead wants to put a few 10's of £££ into investing per month? is it still a good idea and what are the best types of investments for this transaction?
With apps like trading212 you can invest whatever you can afford mate! it isnt about investing hundreds, it is about investing what you can afford. a 10% gain is a 10% gains, if it is on £1 million or £10 doesn't matter. As long as the outcome is Income.
@@DamienTalksMoney “as long as the outcome is income” - love that! Appreciate the help in all your vids, invested for the first time yesterday! Trading 212 and bought a share in vanguard s&p 500 etf! Starting an Instagram soon as a portfolio for the investments I make. Keep up the work mate, very inspiring!
Great video! Can you make a video that goes more in depth on your analysis of companies within the short term investing segment? Your discussion of Tesco in comparison to Bohoo is a very clear and a sensible approach to short term investing that is generally not broadcasted well on this platform. I appreciate the content and advice!
Thank you for this comment Rory! really happy the video was useful for you. I try to keep investing common sense and simple, I don't want to be bogged down by numbers and technical analysis. But before making any investment I will certainly take a look at the balance sheet. I will make a video explaining what i look for! Thank you for the suggestion. Damien
Hi, Firstly, great videos, make it really understandable and you seem like a genuine down to earth guy. 1) Do i need a different trading 212 account to purchase short terms instead of using the index funds (followed your guidance and others and invested in FTSE100 and S&P500) 2) do you use any sort of source material or follow any news outlets that drop news of potential short term stocks worth buying? like reddit etc, do you listen to anything that keeps new info flowing to you?
Thank you first of all for your lovely comment! 1. you can use your trading 212 invest account to buy both index funds and short term opportunities, you don't need a separate account! 2. So i keep an eye on general finance news, financial times and the sub reddit wall street bets (be careful that sub reddit is the wild west) but they normally break stories early. But in all honesty the types of short term scandals i pounce on tend to be front page news everywhere, it takes that type of media coverage to make the share price collapse! Hope that helps Damo
Wow, I absolutely love this channel - without you I wouldn't have any plans for money when I hit retirement. Thank you! Just out of interest, is there any reason why you invest in FTSE/S&P etc in your LISA rather than into the Stocks and Shares ISA? Thanks so much Damo!
Damo, your videos are the only ones that make sense, thanks for that. What with Covid hell currently going on, can you do a video on what to do in late 40's early 50's if you have fuck all and are starting from scratch? As in, fuck all, be helpful to a lot of people right. now.
Amazing videos man, really informative. Can see your subscriber count compounding for sure 👏👏👏 If somebody had a lump sum to invest, how do you balance the advantages of dollar cost averaging, investing over a period of time, vs the advantages of time in the market and investing early, letting it compound for you. Small amounts might not be an issue but if someone wanting to invest 100k, what would you reckon? Cheers for the insight mate!!
Hi mate! Thanks so much for this comment. So to answer your question I think you also need to consider volatility at the time. Right now markets are all over the place and the chances they could dip is higher than normal, I would say. For this reason I would DCA. If we were in a normal bull market and everything was ticking along nicely. I would be more inclined to just slap down the whole lot. Hope that makes sense! Damo
Thank you so much! I really appreciate this feedback from a creator like yourself. Honestly when you factor in all the editing including sound. This took about 20 hours. not including filming... haha. But I am new to it so slow at the min! Damo
Hey, Damien. I’m already a couple of videos into your channel and love your content. I’ve already learnt a great deal about investing and am about to open an account with Vanguard, Trading212 and Freetrade, using your links, of course. However, I’ve got a question. What’s your take on pensions for self employed? I know it’s tax free and that’s great, but through employer-matching I’m burning my own company’s money. I have no pension set up as of yet and the end of corp year is approaching and not sure what to do!? Of course, a pension consultant would advise to open a pension fund but that’s her job so it’s irrelevant. I’d really appreciate your opinion. Cheers and keep on!
Hi mate! Thank you so much for Your comment really appreciated! I completely understand your position on the company pensions and feeling like it’s a waste of your company money, One benefit of paying into a pension via salary sacrifice is your business will likely save tax on these funds. Reducing your company tax bill. To be honest as-long as you are saving for your future and doing it in a tax efficient structure like a pension or an ISA I personal think you are on to a winner. The benefit of a stocks and shares isa over a pension is you can access the money whenever you like and the money when you take it out isn’t taxed. The benefits of the pension structure is you get a tax rebate on funds paid in but you can’t access until 55 and you pay tax on the income.
Great video as always!! Really helpful as i was at the stage of coming up with a strategy like this. I guess where i would like to know more is the difference between investing with Vangurd vs HL. Do you pay more fees with HL are they better overall?
Hi Geoffrey, I only use HL for my LISA as they had one at the time i was looking Vanguard do not. They are much the same, In April I will be doing a video on the ISA's i will be using for the next financial year. Currently I would say trading 212 looks like it is in the lead.
Hi Damien another great video. In my longterm Startegy for retirement and wealth creation I went for workplace pension along with S&S Index funds. I didn't consider Lifetime ISA due to not being able to get the max oit of it but with the 25% return shouldn't matter. Mu question is what do you think about including a SIPP within the whole longterm strategy? I was looking but you have no video on SIPP's.... Could be an idea for another video ;)
Sipps are great buddy you get the rebate on tax which is nice, one issue is that the funds at the end are taxed when you tax them out. If you belive you will be a higher rate tax payer at retirement, Then i believe a LISA is a better option, but it dpends on your circs.
@@DamienTalksMoney cheers. Descisions descisions, need to weigh it up. Thats the goal to over 50k for sure via owning a business. Most are suggesting both for different purposes as both have their own postives and negatives.
Hi mate great video thanks for the upload, I just have a question about exposure to equities the closer you get to retirement age. As you mentioned in the video it makes sense to reduce your ratio of stocks/bonds as you get older, how long before you retire would you do this? Is there a specific ratio that you would go for such as 80/20 bonds to stocks? A video on asset allocation at different stages in life would be great. Thanks.
I will make that video mate! Personally I will remain heavily invested in stocks my whole life as I see a broad selection of index’s as Diversified anyway. But the target retirement funds on vanguard would get you to about 80% bonds by the time of retirement m.
Lets say your company doesn’t offer a ‘match…. Might it be best to max out the annual pension allowance (vanguard retirement strategy) AND the annual ISA (S&S obvs)? Asking for a mate…
In the wake of the Gamestop stock insanity I figure It's about time I learned how to invest money. Came across your channel yesterday while researching the stock market and can't thank you enough for how much great advice you have on here. Kinda lost my shit slightly that you're Manchester-based and that I was listening to m.A.A.d city this morning! #M7
YESSS!!!! you see madness and think I want to understand what is going on. Well done Jake mate you will go far. Haha I am M5! So weird that people in the city I live are watching me on UA-cam.. Just a bit mad
5:27 I object to the way you pronounce Hargreaves Lansdown.
I will hit it with a heavier ‘down’ the next time.
@@DamienTalksMoney Seconded 😉
Euan Copeland I guess this comment needs pinning then...
@@DamienTalksMoney hahahhaha 😉
Snowflakes are falling.
For the record, I have nothing against the name Carol/Carole/Karol.
My Nan is called Carol and she is a legend.
I was just going to throw 15% of my wages into my workplace pension for the next 30 years until I watched this. That just changed. Have a sub.
Great to hear I could help mate!
The amount of knowledge in this one video is insane. Ive been sorting my personal finance out over the last year after getting in a bad way with debt. I only now can fully appreciate the number of gems of advice that are in this video. Thank you!
❤️ Sankeys. Gone but not forgotten
haha you a Manchester lad? I would give anything for one more go at Sankeys. for me it was over when they had to close the smoking area due to all the apartments near by...
@@DamienTalksMoney Yeah man, I grew up up about 20 mins from Sankeys. haha yeah, I remember that...I spent the majority of my early 20's in there raving... wouldn't be able to hack now though 😅
Where you from?
DJ Jozef K! 🙌🙌
Like the way that you segment your money into different buckets, I find it helps me work towards my goal better, seems to work for you too. Good point at the end about taking risks, you never know what sticks.
Thanks Anthony!
I just checked your channel. love that pink in your thumbnails and the fact you are breaking down the financial topics of the week. Subbed and will be watching!
Damo
Damien Talks Money cheers Damien. Much appreciated.
5:20 2020 Money Strategy
ua-cam.com/video/Utr-FW4dwrY/v-deo.html
One of the best Personal Finance UA-cam channels going at the moment.. Your presentation included so many important points that people who want to start investing should consider that were put over in a clear and relatable way. Keep up the good work.
Thank you so much for this feedback! great way to start my day.
Damo
Love the pacing of this one! So sick Carol
Thanks Will!
4:56 Total Profit Strategy
ua-cam.com/video/Utr-FW4dwrY/v-deo.html
Damo you’re inspiring mate. I’ll admit that upon stumbling into your channel I was initially sceptical. As you point out many times, there’s a lot of nonsense out there.
But the more vlogs of yours I consume, the more I’m benefiting from your wisdom.
I personally love your style as well. Smooth.
Thanks for all you do, from me. I’ve really learned a lot this past 6 months and I trust your analysis and observations as they come across as genuine.
Thanks again.
Great way of portioning up long/short term. Watch to the end too people! The bit about setting aside money to invest in yourself and your ideas, without that guilt that you can sometimes get, but rather as part of a clear strategy is gold. Recognising that it is still an investment, but that it is ok to throw that small amount against the wall...it could stick and be truly life changing! When you hit over 100k subs the end of this video will hit even harder
Love this comment mate! Going to pin it
Honestly I look back at those words even now and think I should have followed my own advice years ago! There is no better investment than yourself the ROI I am getting on UA-cam is beating any investment I have ever made.
Legend, recently started investing myself and your channel has been a great help. Loved the ending about taking risks, keep it up!
Thank you mate! Glad you liked the video especially the ending
I found you today & your videos have been so so useful ! You explained things I’ve been struggling to understand so well ! Guys watch the other videos on his account - so helpful! Please keep releasing videos like this - thank youuu!
Hi Victoria!
Thanks so much for this lovely comment. Glad to hear the videos are useful and you enjoyed them!
Let me know if your struggling with anything in particular and I will make a video on it.
Damo
Recently discovered your channel - great to see a UK-based channel pumping out quality personal finance content. Completely agree with your last point about having a small % set aside for the "gamble" which might just pay off big time. Keep it up!
Thank you so much mate! Glad we are on a similar wave length
I've binge watched your videos over the weekend. I'm rubbish at maths and need to take control of my future financial health. This is your best video imo regarding content and sums life up perfectly regardling balance, moderation and having a bit of excitement. Would love to see a few more like this on investment strategies particularly short term investments. Thank you
AHA! You're a raver, I knew there was a reason I liked you. Keep up the good work mate.
Haha yes! You'll find me either in the smoking area or at the front with a bottle of water dancing.
Thanks Tom.
@@DamienTalksMoney my kinda guy
This is one of the most sensible investment videos I've ever seen. Love it!
Yes! Glad you liked it mate
"Like this green screen behind me, that was an investment... probably not a very good one"
... I look foward to your earnings video at the end of the month or so!! Smashed it!
Turns out Jordan. It was a very good investment.
@@DamienTalksMoney Probably the best investment you will ever make! Still amazed at what you have done in less than a year!
Thanks man, I appreciate your genuineness
And I appreciate your support for the channel!
I know for a fact this channel is gonna grow HUGE by the end of 2021. (If it was a stock, I would buy now! 😂) thanks for providing so much value in these videos Caro... sorry, Damien.
hahah thank you so much mate! really appreciated
Thank you for sharing your strategy! I just stumbled upon your videos while browsing and I’m hooked! I currently am doing the ETF long term strategy of investing after becoming super interested in it all a year ago. You’ve made me consider having a small amount of money for more short term investing on the side to have a bit of an experiment with! Also, your videos are super engaging, so no surprise that your channel has grown so much!
Thank you so much for your comment! i think it is a natural progression to start with the ETFs and then get curious about stocks. You sound sensible and i am sure will only play with money you can afford to lose. But honestly i imagine once you start you will get the bug even more!
So you were sat there in the spare bedroom with 1000 subscribers after 3 months 😂😎😍 I think your mud stuck to the wall!!! Congratulations Damo, you deserve it and I'm very grateful for your advice.
Yeah my mrs is not happy about all the mud over the walls.. Haha
Thank you Alison and welcome to the channel
Great video. I’m working through some of your older stuff being a recent subscriber. The only bit I would change is if you have kids. I’m maxing out my pension contributions to allow me to keep full UK child benefit which is worth £2k a year to me.
I love that you and some other finance UA-cam channels appreciate investing in yourself. I’ve turned a hobby into a side hustle in the last 2 years. It’s not enough for me to make it full time but it’s enough to make some decent money and make it worthwhile. Something sensible investments would typically rule out.
Just found your channel from listening to you on Mark and Curtis Tilbury's podcast. Thanks for the clear information, I'm trying hard atm to set up a financial/investment plan. Being from the UK myself, it's nice to get another Brits perspective on things, and mentioning ISA's etc is very helpful. I'm 25 and I've got a lifetime Isa that I've had for three years or so. I'm definitely planning on getting a stocks and share isa and will most likely invest in the S&p 500 and maybe put a small chunk in emerging markets. Thanks a lot for the videos.
I follow alot of investment channels, but this video is the most inspiring and motivational I've seen !! 👏
What a compliment! thank you so so much Roberto. Glad i can inspire and help you out!
The problem with pension contributions (company matching) is that if you are not from the uk and you are not planning on retiring on the UK you will have to pay 25% of the total amount when moving to another country, so you will need to make the numbers to see how many years you are going to stay in the UK before moving to see if its worth it.
Yeah that 25% is annoying! I didn't know this, so thanks for sharing!
to play devils advocate. Company matching doubles what you put in, So there may still be a benefit.
Another great one Damien. Love the split. Great way to think about dividing up that monthly investment pot 🙌
Thank you so much Karl!
Thank you 🙌 I am loving your videos! Don't know how you've made investing entertaining but you have...that, or I'm getting old too 👀
Hahah yes! love you comment. Thanks for this
Thank you so much for this. I thought I knew all I needed but this is the first time I’ve ever heard of a LISA
Yes! Glad I could help you with something mate
Wow! just the videos I have been looking for, I have a work based pension all my colleagues have opted out! I have told them it is the best investment , I have a young son and what him set up for when he is say 25 , these videos are pure gold thank you!!
You are most welcome! opting out of work based pensions is literally throwing away free cash
Excellent video Damien (carol) perfectly broken down for beginners like myself.
PC Baxter in the house! cheers lad.
Thanks Carole - this was really helpful. Love the no nonse delivery.
Hello Damien, thanks for the video. I totally agree with your comments regarding pension contributions, i contribute the maximum 8% towards a
DC company pension every month with the company putting in 12%, i contribute another 4%(AVC's) to take it up to the 12%, matching the contributions put in by the company. Absolute no-brainer.
Wow that's is an amazing company pension scheme! Sounds like you clearly understand that.
Love your attitude towards life, and the fact your a raver makes me like the channel even more
Hahaha yes!! Glad to see I am not the only racer out there who likes a bit of finance
Another great video! I've never looked at money in this way but certainly will do now... Loving the content Damien!
Glad I could help you out in this way mate! As they say money is a tool and once you shift that perspective you see it in a whole new light.
Thank you for making these videos. The way you explain things is so clear and sensible.
Really glad you like them! and thanks so much for letting me know.
Thank you! I really appreciate your perspective on passive long-term and active short-term strategy.
Pro tip: Refer to "retirement" to lower unrealistic expectations, and "financial freedom" to increase motivation.
Amazing tips!! i do worry that when i say long term people think next year... haha I will implement this going forwards.
@@DamienTalksMoney Greetings from The States! This is a welcome surprise for me. Great work on the UA-cam channel.
I agree, "long-term" can mean 10, 20, 40 years or even a life time. Important to remember that compound interest allows investments to grow exponentially (faster and faster) over time.
I recommend "Your Money and Your Brain" by Jason Zweig to anyone who will listen. It's all about the human brain's bias towards short-term risk taking.
@@ajrobbins368 all the way from America!! Brilliant. Out of interest how did you find my channel? Where did the video pop up?
Thanks
Damo
@@DamienTalksMoney It was late, so I'm only 90% sure I searched UA-cam for "emerging markets" and your video on the topic was in the top three. The thumbnail looked well-made, no click-bait title, so I clicked.
After watching that, I tapped your channel and looked through recent videos for something familiar to gauge your investment perspective. And here I am.
@@ajrobbins368 here you are!
Thank you so much for the feedback AJ it is just good for me to understand how people are finding me. Thank you.
If you need anything just drop me a comment always happy to chat, just downloaded the book to suggested also
Damo
Also when these ad rev stops paying you should consider compiling these vids into a course and selling to MSM platforms. Very well produced and informative and frankly it is what the youth of today should be hearing in school.
Great suggestion mate! Thank you so much for your nod to my content also
You've improved a lot since this pal
I like your content man and you have a great style - keep it up! I have been focusing recently on getting more financially literate and the way you describe things resonate very effectively with the way I think too.
Love this comment, thanks so much for letting me know man.
Being financially literate is as good for you as regular exercise. I look forward to hearing how you get on mate.
Great common sense and honest account of your overall investment strategy. So interesting what you said about Tesla. Thank you.
You are very welcome Liam.
Top work, taking a new approach to talking about finance in this ever growing part of UA-cam. Keep it up bro. Subscribed after just watching my third video
Also good to see another fellow Brit
Thank you Thomas! glad you appreciate me trying to do it a little differently. Let me know if you need anything mate.
I absolutely love this guy. I do wonder though, how many people can afford to invest 1000 pounds a month. I probably could at a push but ill be living a very frugal existence.
Hello mate! Thanks for the comment. So I started investing just 50 quid a month for about 2/3 years. People just need to invest what they can
@@DamienTalksMoney 50 quid a month sounds more reasonable haha. But I agree. invest what you can and strong likelihood it will grow. it feels good sitting on a pile of investment money tbh since i started investing 3 years ago.
@@madma11 that’s it mate!! This is why everyone needs to do it. You feel free day to day knowing you have a stack in the markets working for you.
Thanks for dropping a comment mate. Really appreciate it
Damo
I love how inspirational this is! Thank you!
You are so welcome!
This guy is great easily explains things well presented and seems like a top man
Thanks mate! Really appreciated
You should have a lot more viewers and subscribers. You are brilliant
Thank you so much mate! Going to start making more content so can hopefully fix that
Great presentation! Plus the part about Carol is hilarious.
Thank you so much!! Honestly i cringe every time i think about carol... haha
0:28 & 14:02 - ha! Jokes aside, best UA-cam recommendation of 2021 - subscribed! 👊
You will be happy to know the floor has dried out!
Welcome to the channel my man and let me know if you ever have any question.
Damo
Great insights with a great message at the end. This channel amazes me everyday.
Thank you! Such lovely feedback, so glad I can help you understand it all
Amazing video! You def should have more subs mate! I feel Iv missed something🙈 If we are using our stocks and shares isa for our index fund account, no tax long term. Does that mean for the 10-20 play the market fund short term will be done without the tax wrap ? Cause we can only fund one isa type per year I.e 70% is going via the index fund - is there way round this?
So if you use a platform like trading 212 or freetrade you can buy both index funds and individual companies inside the same ISA so you can do it all in there.
This is the third video I've watched in a row. I like the cut of your jib. Subbed.
Props for mentioning Coxy \o/
Speaking of superstar DJ's, you look a lot like a young Pete Tong :)
Yes Steve! thanks so much for watching the videos mate! Always love it when a sub is on the DJ wave length, means i know we would get on haha.
Just looked at a young Pete tong image and my Mrs walks in and goes ohhh he looks like you!
So yeah guess you are right.
@@DamienTalksMoney HA! >_< And we probably would get on :) Have a good weekend mate and keep up the good work. Your channel is fast becoming one of my fave personal finance ones from the UK along with the Money Unshackled boys, Mamafurfur and The Humble Penny.
Fantastic insight. Love the split.
Just another trick to consider, for every £86.50 you invest in your LISA (after a basic rate tax relief uplift), you could have invested £100 above your matched contribution to your workplace pension, at today’s NI rate of 13.25%. Indeed, some employers will also return some or all of the NI saving’s they make too (15.05%) under a salary sacrifice arrangement - potentially making that £115.05 (assuming I got my arithmetic right, but you get my point).
Great content and very inspiring. Very nice of you to reply to every single comment. 🙌🙌
Thanks! I will even reply to yours haha
A lot companys now are going down the root of the Goverment pension scheme, so if you're still lucky enough to have a good pension scheme with your company keep with it for as long as possible, they can change it as long as they give notice.
Yeah work based pensions are not enough for people to rely on
Great Video Damien, be great to see regular videos showing your running totals in your investments.
I absolutely love your videos! Keep them coming 😍
Thank you so much Jessica! i will. Let me know if you need anything
Damo
Hi Carol, loving the videos! but what would you recommend for someone who doesn't have hundreds of £££ per month to invest and instead wants to put a few 10's of £££ into investing per month? is it still a good idea and what are the best types of investments for this transaction?
With apps like trading212 you can invest whatever you can afford mate! it isnt about investing hundreds, it is about investing what you can afford.
a 10% gain is a 10% gains, if it is on £1 million or £10 doesn't matter. As long as the outcome is Income.
@@DamienTalksMoney “as long as the outcome is income” - love that! Appreciate the help in all your vids, invested for the first time yesterday! Trading 212 and bought a share in vanguard s&p 500 etf! Starting an Instagram soon as a portfolio for the investments I make. Keep up the work mate, very inspiring!
Great video! Can you make a video that goes more in depth on your analysis of companies within the short term investing segment? Your discussion of Tesco in comparison to Bohoo is a very clear and a sensible approach to short term investing that is generally not broadcasted well on this platform. I appreciate the content and advice!
Thank you for this comment Rory! really happy the video was useful for you.
I try to keep investing common sense and simple, I don't want to be bogged down by numbers and technical analysis. But before making any investment I will certainly take a look at the balance sheet. I will make a video explaining what i look for!
Thank you for the suggestion.
Damien
Nio has been an incredible investment for me this year. It’s still cheap in comparison to Tesla. :)
Great to hear! I didnt get involved with them personally but it has been a great year for EV producers. Apart from Nikkola..
Really well made video. The message at the end is especially really well put out.
Well done...
Thank you so much mate! Glad you liked it
Very inspiring video mate brilliant.
Thanks so much Doug! Glad you liked it
Really enjoyed this video, thanks Carol!
You are most welcome Dan!
Awesome vlog mate 👍 thanks
You are welcome!
Top video! I work in Ancotes and have to drive past Sankeys most days RIP 🙁
I remember when we used to go we would think it was so far out the city centre. Now just feels like the middle of town now!
Another great vid, Damien. Top man!
Thank you so much mate!
Yes bro....We gon' be ayiiiight! Great video
Do you hear me, do you feel me? We gon' be alright
Hahah you legend!
Hi,
Firstly, great videos, make it really understandable and you seem like a genuine down to earth guy.
1) Do i need a different trading 212 account to purchase short terms instead of using the index funds (followed your guidance and others and invested in FTSE100 and S&P500)
2) do you use any sort of source material or follow any news outlets that drop news of potential short term stocks worth buying? like reddit etc, do you listen to anything that keeps new info flowing to you?
Thank you first of all for your lovely comment!
1. you can use your trading 212 invest account to buy both index funds and short term opportunities, you don't need a separate account!
2. So i keep an eye on general finance news, financial times and the sub reddit wall street bets (be careful that sub reddit is the wild west) but they normally break stories early. But in all honesty the types of short term scandals i pounce on tend to be front page news everywhere, it takes that type of media coverage to make the share price collapse!
Hope that helps
Damo
Excellent content, been really enjoying your videos. Is there a reason you don't use/talk about Nutmeg as a platform option for long-term investing?
Hi!
I just have not used them tbh. I will defo check them out and give my thoughts. Thanks for the heads up
Damo
I've not looked into it, but have heard they have a lot of hidden fees.
Subscribed. Great videos - honest, funny and real. Thanks!
Amazing feedback mate! thank you so much.
Love this video. Best one I have watched so far. 👏
Thank you so much!
Wow, I absolutely love this channel - without you I wouldn't have any plans for money when I hit retirement. Thank you!
Just out of interest, is there any reason why you invest in FTSE/S&P etc in your LISA rather than into the Stocks and Shares ISA? Thanks so much Damo!
I have stocks and shares in a LISA and at Stocks and shares isa. I use both!
Did you see my jaw in sankeys? I’ve still not found it to this day
Thomas McDonald's hahaha mate!! This made me laugh. They had a box of them in lost property. I would start looking there. Probs find one that fits
carl cox the absolute boy 😂 helpful video again mate!
Mate saw the guy mix three turntables at once. At that point I knew god existed.
@@DamienTalksMoney geeza is a legend aint he🤣
Damo, your videos are the only ones that make sense, thanks for that. What with Covid hell currently going on, can you do a video on what to do in late 40's early 50's if you have fuck all and are starting from scratch? As in, fuck all, be helpful to a lot of people right. now.
Hi mate! Thanks so much for your comment. Of course I can! Even if your in your 40s or 50s still loads of time!! I’ll get this video made for you
@@DamienTalksMoney Excellent!!!
@@DamienTalksMoney please do thank you
hey mate, I rate your attitude. Keep it up.
Hi Jerome! thanks mate. Let me know if you need anything.
Damo
3:16 Total Profit Strategy
ua-cam.com/video/Utr-FW4dwrY/v-deo.html
Another top video, mate! It's a very sound strategy. Also, fellow ex-Sankeys regular here. I even used to DJ in the bar a few years before it closed!
I can’t tell you the love I have for Sankeys! Left a piece of my soul on that dance floor haha.
Amazing videos man, really informative. Can see your subscriber count compounding for sure 👏👏👏
If somebody had a lump sum to invest, how do you balance the advantages of dollar cost averaging, investing over a period of time, vs the advantages of time in the market and investing early, letting it compound for you.
Small amounts might not be an issue but if someone wanting to invest 100k, what would you reckon? Cheers for the insight mate!!
Hi mate!
Thanks so much for this comment.
So to answer your question I think you also need to consider volatility at the time. Right now markets are all over the place and the chances they could dip is higher than normal, I would say. For this reason I would DCA. If we were in a normal bull market and everything was ticking along nicely. I would be more inclined to just slap down the whole lot.
Hope that makes sense!
Damo
Yes mate, knew you was a manc it's in the accent 😂 p.s I'm from wythenshawe by the way, keep up the good work and the videos mate!💪👍
Wythenshawe! yes haha.
Welcome to the channel mate
I used to do short-gurn investments in Sankeys MCR
hahahah!!!! this is too clever.
Great vid. But random non related question. What music are you using in the background?
I got it off epidemic sound I have a subscription. I have no idea what song it was sorry
Your video quality is amazing. I dread to think how long it takes to edit these videos. Great work mate.
Thank you so much! I really appreciate this feedback from a creator like yourself.
Honestly when you factor in all the editing including sound. This took about 20 hours. not including filming... haha. But I am new to it so slow at the min!
Damo
Go throw some stuff at a wall. You owe it to yourself. Great advice as always :)
Thanks Paul! appreciate all the support you give the channel.
Great video Damien. Those teenagers in the smoking area probably have all their money in easy access accounts.
Hahaha mate i doubt they had any more in any account!
Oh my days "Pipe down candleman" - so good.
😂😂😂😂😂😂
As usual good content. Thank you.
My pleasure!
Do you prefer a SIPP vs a stocks and shares LISA in terms of saving for retirement?
Hmmm they all have their merits. I use a combination of LISA, SIPP and S&S
Mate, thank you for the great content! Really enjoying your videos.
You are very welcome mate! Thank you so much for watching them and letting me know you like them
This video really couldn’t have come out at a better time! loving it
Thanks Dan! Glad it is useful mate.
Hey, Damien. I’m already a couple of videos into your channel and love your content. I’ve already learnt a great deal about investing and am about to open an account with Vanguard, Trading212 and Freetrade, using your links, of course. However, I’ve got a question. What’s your take on pensions for self employed? I know it’s tax free and that’s great, but through employer-matching I’m burning my own company’s money. I have no pension set up as of yet and the end of corp year is approaching and not sure what to do!? Of course, a pension consultant would advise to open a pension fund but that’s her job so it’s irrelevant. I’d really appreciate your opinion. Cheers and keep on!
Hi mate!
Thank you so much for
Your comment really appreciated! I completely understand your position on the company pensions and feeling like it’s a waste of your company money,
One benefit of paying into a pension via salary sacrifice is your business will likely save tax on these funds. Reducing your company tax bill.
To be honest as-long as you are saving for your future and doing it in a tax efficient structure like a pension or an ISA I personal think you are on to a winner.
The benefit of a stocks and shares isa over a pension is you can access the money whenever you like and the money when you take it out isn’t taxed.
The benefits of the pension structure is you get a tax rebate on funds paid in but you can’t access until 55 and you pay tax on the income.
Great great video. No big pension company rip-offs.
Thank you!!
Great video as always!! Really helpful as i was at the stage of coming up with a strategy like this. I guess where i would like to know more is the difference between investing with Vangurd vs HL. Do you pay more fees with HL are they better overall?
Hi Geoffrey, I only use HL for my LISA as they had one at the time i was looking Vanguard do not. They are much the same, In April I will be doing a video on the ISA's i will be using for the next financial year. Currently I would say trading 212 looks like it is in the lead.
Excellent video, love the way you explain things.
Thank you very much!
9% return is ambitious. 7% is more reasonable with 5% real return after inflation and taxes.
I'm so motivated rn 💪 Thanks Carol 🙏
So happy the video made you feel that way!
Why did I say the name carol 😂
Hi Damien another great video. In my longterm Startegy for retirement and wealth creation I went for workplace pension along with S&S Index funds.
I didn't consider Lifetime ISA due to not being able to get the max oit of it but with the 25% return shouldn't matter.
Mu question is what do you think about including a SIPP within the whole longterm strategy?
I was looking but you have no video on SIPP's.... Could be an idea for another video ;)
Sipps are great buddy you get the rebate on tax which is nice, one issue is that the funds at the end are taxed when you tax them out. If you belive you will be a higher rate tax payer at retirement, Then i believe a LISA is a better option, but it dpends on your circs.
@@DamienTalksMoney cheers. Descisions descisions, need to weigh it up. Thats the goal to over 50k for sure via owning a business. Most are suggesting both for different purposes as both have their own postives and negatives.
Hi mate great video thanks for the upload, I just have a question about exposure to equities the closer you get to retirement age.
As you mentioned in the video it makes sense to reduce your ratio of stocks/bonds as you get older, how long before you retire would you do this?
Is there a specific ratio that you would go for such as 80/20 bonds to stocks? A video on asset allocation at different stages in life would be great. Thanks.
I will make that video mate!
Personally I will remain heavily invested in stocks my whole life as I see a broad selection of index’s as Diversified anyway. But the target retirement funds on vanguard would get you to about 80% bonds by the time of retirement m.
Really good video mate, really good
Lets say your company doesn’t offer a ‘match…. Might it be best to max out the annual pension allowance (vanguard retirement strategy) AND the annual ISA (S&S obvs)? Asking for a mate…
If the company does not offer a match then maximising your ISA is a great way to shelter your investments from Tax
Sankeys!! Was probs there that very night haha! 🤣 Great content man!
Thank you mate! You have gone from Sankey's to nice long walks. how times have changed!
In the wake of the Gamestop stock insanity I figure It's about time I learned how to invest money. Came across your channel yesterday while researching the stock market and can't thank you enough for how much great advice you have on here. Kinda lost my shit slightly that you're Manchester-based and that I was listening to m.A.A.d city this morning! #M7
YESSS!!!! you see madness and think I want to understand what is going on. Well done Jake mate you will go far.
Haha I am M5! So weird that people in the city I live are watching me on UA-cam.. Just a bit mad