If I Started Investing In 2024, This Is What I Would Do
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- Опубліковано 9 тра 2024
- I will run you through every step I would take to start investing in 2024, from what I would buy, where I would buy it, and how.
Here is the link to the cheat sheet I have put together: financialinterest.com/index-f... Just add your email, and it will be sent to you. I will continue to update the glossary as time goes on. Please watch the Loom video on the overview page to see how to use it properly.
The brokers I use:
Trading 212
trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.
InvestEngine
investengine.pxf.io/eKR40z
Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine
Vanguard
www.vanguardinvestor.co.uk/
This is not an affiliate link
Other videos that will help:
USA vs Global: • S&P500 vs Global Index...
ISA's Explained: • ISA Explained for Begi...
Best ISA providers this year: • Best Stocks & Shares I...
Timestamps:
00:00 - 2024
00:23 - The best performers
03:26 - Picking stocks
05:22 - What to buy
08:37 - How long for?
09:40 - The account
10:35 - Picking a platform
11:42 - Make you rich.
13:37 - Boring
DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.
10:20 the bar label should be £3k not 1.5. I use an editor on certain content and this slipped through the review process! Sorry.
financialinterest.com/index-fund-cheat-sheet/
Here is the link to the cheat sheet I have put together. Just add your email, and it will be sent to you. I will continue to update the glossary as time goes on. Please watch the Loom video on the overview page to see how to use it properly. I have had issues sending emails to outlook/hotmail so if you do not get it please check spam or try another email.
Thanks for the great video and links Damien. I think the webpage where people put in their email maybe having a few issues. Getting a ‘bad url’ error on chrome or safari.
Thanks Damo you are the man, keep up the good work!
@JayantKaul Hi mate! So I tested a load of different ways and it all looks good from my end, I have also asked other people to test and all good. Please let me know if you keep having issues and we can investigate further!
Off topic but your UA-cam videos have amazing look and editing, could you please share what tool you use and any tips how you learnt editing please ?
@@GullaBulla Thank you! So i have edited all but 2 of the videos on this channel myself so you can see every bit of editing i have ever done on here. If you go back to my first video, you will see it was nothing special. Good editing takes time, both to learn and to just do even when you have learnt, in fact the more you learn the longer it seems to take. So just understand if you want to edit a video to a good level it will take a while. But you can 100% create a vibe without a crazy edit, music choice, audio and sound all help a lot. I also like cutting to a beat.
I use Davinci resolve to edit on but honestly he software is not important, any of the good editors will do.
I enjoy editing when i have the luxury of time to pour into it but i also hate it when i have to rush...
The best advice is pick a software and then start watching youtube tutorials on how to do things, It is kind of like playing an instrument it just takes ages to get good... But now i can see an edit in youtube video, Netflix or whatever and think ok i can probably work out what is being done here.
My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.
Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
Svetlana Sarkisian Chowdhury a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks this year. Hope to make millions in 2024.
Since risk is at an all-time high right now, perhaps you should be a little more patient but remember the bigger the risk the bigger the results. Alternatively, you can consult a trained financial expert for strategy.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
who is your advisor please, if you don't mind me asking?
Her name is “Aileen Gertrude Tippy” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
intresting video I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
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.
Svetlana Sarkisian Chowdhury 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.{
The trick is to invest in the S&P500, but you need a minimum of 20 years to make significant gains.
Historically, the S&P500 has increased by 10% per year on average, but let's say in the future it will only be 7%. Let's say you invest $50,000 now and then an additional $500 per month for 20 years. Then you will have $440,000 in the bank.
If you want to live off of the interest, that would equal 0.07 x 440,000 / 12 = $2,567 per month. However, you can expect around 40% inflation, accumulated during those years, making that monthly sum more like 0.60 x 2,567 = $1,540 per month in todays money.
Most important thing is to never withdraw the money, even if the S&P500 drops 80%. It will go back up again and reach new highs, and you haven't lost any money as long as you don't withdraw.
Getting back into investing recently, I've just read Psychology of Money and this video resonates so hard with the lessons in that book. Great video, concise, no bs, well edited, and informative. Easiest subscribe ever.
Genuinely the best video I have ever watched on money. Clear voice, tone, editing, camera, and information so easy to grasp that you actually learn stuff efficiently with advice.Thoroughly enjoyed.
I’m 53 I didn’t know anything about investing or that we are suppose to have an investment portfolio until I was 51 now I’m doing everything I can to make up time.
Me too!! I’m 52 and just starting this journey. I feel so behind!
@@Mhousley me too 🤦🏼♂️
Good luck , wish you all the best !!
Oh... I am 37 and I started thinking like "if not me, then my daughter will benefit from that in years, and it is the good I can give to her so she can avoid at least some basic and hardest things I had in my life - 12 years to just start making some reasonable money monthly and having no options to think wider while covering just basic needs - food and renting an apartment".
It is never too late to get started. It really ain’t. You’ll be kicking back and happy you went through the first few steps in a few short years. Once you have a base, of course, it’s great to keep learning. But it only gets easier! I jumped into the markets eighteen months ago, but with a lot of financial strength I did hit that coveted 100K and recently the 1M mark :(
I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
Took your advice on understanding all the jargon and haven't looked back. Thank you for making investing easier to understand.
Brilliant explanation that’s genuinely empowering. Thankyou.
Exactly what I needed, thanks! Subscribed.
Bloody brilliant video. Thanks Damien
I don't usually comment on videos and have never watched one of yours, but I genuinely think this might be the best video I've ever watched in my life, thank you!
Finally somebody that can explain how it all works, in simple terms. This has been a great help. Thank you 😊
You have just got a new subscriber. Was just finding something on google on what to invest in and this is a great explanation of stocks. Thank you 👍
Hey man, just wanted to say brilliant video. Not only you made it fun for me and my dad to watch but you made it so much easier to understand. Thank you and i wish everyone who watches your video great success and prosperity! :)
Love that you watched this with your dad I hope it helped you both!
Thank you so much as always, Damien, for such detailed and well explained videos. Always a balanced argument presented brilliantly and your page is easily the best place to go for investing advice in my opinion.
Really appreciate the fact that you don't just churn out videos for the sake of it (or your own financial gain) and have a genuine interest in providing useful content for your viewers.
Thanks for sharing Damien. I always enjoy watching your videos
Outstanding Commentary!!!! Priceless!!!! Thank You!!!
Always heartfelt advice Damien, thank you for what you do
Thanks Damien, for reinforcing the index fund strategy. Once in a while I need this to stick to the routine :)
Nice!!! Clear and very well structured video!
Amazing video. No minute wasted. Full of great great advice especially about the mentality of "I'll be happy when I get there" that so many fall into.
Destination anxiety is what they call it
I love this outlook on investing. I can't wait to get started. Thank you for this. Glad I found ya.
Glad you found me also mate!
Your videos are spot on mate, happy new year!
Thanks Damien. I love how you explain things with great understandable visuals and a warm approach. Somehow you bring empathy and heart to finance.
Great video. Really well explained. Covers the key concepts. Keep up the great work.
Mate, this is gold. The approach and basic nature of the advice is so accessible.
This needs an outreach programme to get this type of advice into schools. This approachable financial advice for kids is so important as they move into work. They'll have it sorted wether they start work or start their own business at any age. Love it 👍
Thank you for this lovely feedback! I would love to help schools
Videos keep getting better Damien! Love the new edits, hope you had a good weekend
You are so kind thank you for very much!
Smashing it up mate. Well done as always. Nice Shacket btw.
Thanks for the financial advice 🤓
I'd retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/ planner
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28 fact forward timo I'm 57 now not laid off
This is huge! would love to grow my reserve regardless of the economy situation, my 407k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
Christopher Alexander Walter is the licensed fiduciary I use
He's mostly on Telegrams, using the user name
Damo, your channel has honestly changed my life. Ive lived from paycheck to paycheck (zero state) my whole life. I was always finacially illiterate. One of your vids randomly popped up in my algorithm in march last year and ive been hooked ever since. I watch your vids all the time and cannot believe how much ive learnt. Most importantly, from being extreemly frugal, I have gone from a zero state lifestyle, to having genuine accountability for my finances. I cant thank you enough for the wisdom your channel has given me and the path it has put me on.
This is an incredible comment to read! Thank you so much for leaving it. I know it sounds cliché, but this is the best part of doing this UA-cam channel. The idea that I have helped people improve their lives with my videos is just amazing. Well done for taking action; most people would not have done that, so please give some credit to yourself!
@@DamienTalksMoney it's absolutly life changing mate. I was in such a rut, constantly overdrawn, addicted to purchasing and consuming. I have a reasonably good job but was unable to keep any of it due to my ignorance. Your vids have put me on such a good path and I'm grateful for that. You deserve all your success, well done.
Another quality video Damo, well done mate 👌 always making a really dry subject enjoyable
I am turning 46, works for NHS, solely relying on work pension, thanks to you now I have ISA now, looking 👀 to invest in index funds to help retire comfortably.
Thank you for all the links- very helpful.
You have been an amazing UA-camrs who truly understands and support the community through your content.
Greatly appreciated.
Keep up the good work Damo.
I would love to see a video explaining different asset classes available for general public to invest.
This is probably the best advice I've heard on UA-cam, well done
Brillant! Thanks Damien
most helpful video RE investing ive ever watched. exactly what i was looking out for
Editing is absolutely outstanding these days on these videos. Really polished. Well done. Long time subscriber. Love the content
Absolutely fantastic video mate. Amazing :)
Nice one Damo, thanks for all your content 👍💯
Happy New Year good man.
Excellent video. Investing is a confusing space and you simplify it and throw in some humour in your down to Earth style. Your content is much appreciated. 😊
Thanks a lot for the great content and the cheat sheet😊
Damien, a genuinely fantastic video. Well done 👏
Thanks for this video man your videos are very clean and good info
You get my sub because this video was so very informative and i liked all the graphs and pie charts you used. Great video Damien!! 👍🏾
Thank you!
Knocked it out of the park again. Well done.
Thank you Damien. I always appreciate your concise and entertaining videos. I'm determined to get started with investing this year! (a little fear and education to work through first).
Good, level-headed, & above all understandable material.
Hi Damien, amazing content. You are always able to make complex topics very easy to understand. Thank you.
Thank you so much for your videos and for the cheat sheet!
You rock! Quality content and presentation
I really like the value and professionality in your video. I'm actually planning to begin stock investment. It really helps.
Thank you.
Love the videos, they feel honest and on point, no fluff.
Quality video mate! Thanks
Very compelling video, can tell you have done alot of research. Awesome work. 👍
Absolutely amazing video, Damien!
Thank you for 2 years of excellent service you gave us.
Be proud of yourself. 😄
Thank you for sharing
These videos have been so good, really helped my path to investing.
Wow. Fantastic work and I truly hope it pays off for you! Subscribed!
Wonderful advice. You're awesome. Thank you. 😊
You are so welcome!
Your explanation was very good and quite helpful. Very easy to understand 🎉🎉
Really nice vid man, down to earth and easy to digest with lots of food for thought. Subbed!
Thanks for the sub!
Top banana. Never commented on a video before. These are good. Thanks
First time checking you out, very educational and you did bring a bit of excitement to trading 😂
2024 is my year 🥳
Great content man!
Keep it up
Thanks for this video Damien, literally starting investing properly this year after finally getting onto the property ladder in the autumn 👍🏻
Mate you are doing great! Here is the basics and I hope they help. The key is long term thinking and consistency and just not going crazy and blowing your portfolio on a meme crypto token or a shady EV company
Excellent video, especially the last few minutes which put things in a real perspective.
Legend. Amazing content.
Thank you for this!
Great video Damien. A walk through of the stocks, clearly articulated with data backing up. I'll be referencing more of your videos.
Subscribed 👍
You're so powerful man! I see your video with such an enthusiasm! and I'm not even into money or investing too much (I'm a very basic investor at the moment).
So well well well done you! thanks for you time, your insight and your honest information! keep up the great job man!
Thank you mate! Keep going with your investing you will do great long term and i will be here to help anyway i can.
Your content is so damn good! Cheers for this mate. What a hero
That's the kick up the arse I needed. Thanks Dams 👍
Great video mate, on top form and keeping me totally invested.
Thank you for always producing such informative and interesting content Damien!
Have you ever thought about making a video about savers bank accounts, your opinions, advice, etc?
What a freaking great video! Very well done Damien.
Great to see you Alty Man ❤
I rarely rarely comment on YT videos as I just watch and move on. I'm 30 years old and just started investing so I hopped on YT and typed in "learn investing" and your video popped up. With our attention spans getting shorter and shorter I was amazed at how captivating and easy to understand your video was. Your analogy about why investing in the magnificent 7 might not be the best thing for 10 years down the line same for the US S&P 500 was something I would have never thought about. At the end I thought to myself " What? 14 minutes is already up?" Could have binge watched this if it was a 3 episode 40 minute series! Amazing job on this video man! Subscribed and going to watch as much as I can
Love this feedback thank you so much!
This is by far the best video i have ever watched on a introduction to investing.
Thank you so much!
Thought provoking as ever Damo. Good video - come to expect nothing less!
Been cutting through how to get a lisa started yesterday with an aim to lock in saving from 36-60 there and this was just what I needed to remind me I'm a beginner but I need to do this for me
That was one of your best videos. Excellent stuff
Great content, I have been watching you for a while and what you say really makes sense and helps with understanding what is happening financially within the UK and how I can help build a little pot to help for the future.
Keep smashing your content out the park! 🤙
Great vid, thank you.
Another top video Damo 👍🏻
You have mentioned before that FWRG fits your needs so I am interested in knowing if that's still the case? For an ETF that's under 7 months old it's slowly gaining traction I feel and the circa 8% performance isn't bad going.
Your advice is so invaluable!
Why, I have 10,000 pounds where to invest in UK
Beautiful video mate ❤❤
A brilliant video....really really interesting stats and some stark analysis.
Nice video Demo. Broken down and clear… bring on the boring 👍🏻 great points and concentrating on what’s important.
I’m a Chartered Financial Planner here in the UK and this is honestly one of the best explanations of investing for the longer-term in low-cost index solutions I’ve seen. You hit the nail on the head and your graphs are fantastic highlighting the need to ride out the volatility. I also think your spreadsheets are fantastic mate. Keep up the great work, I love these videos.
Hi Max! Lovely way to start my weekend this, for you to give my content the thumbs up as a licensed professional means the world. Thank you!
Another great video, the editing seems to have stepped up too 👌🏼
Great video with excellent break down of investment. I LOVED IT! Thank you
Cheers Damo - always a pleasure, pal
Great video, mate. Really informative stuff. Wish I’d seen this before jumping into investing
Thanks for being informative, helpful and clear. And for not trying to be sensationalist. Great video!
You are very welcome! Lovely feedback this
Good video ! Thanks for Making it !
Yo thank you for the informative video man, just wondering tho, what compound interest formulae were you using to get 456k pot, cause my math ain't mathing😂
Always find your videos really helpful. Cut through the jargon and complexities of finance making it so much easier to understand. Cheers lad.