❤️👍🏽🔥 - would love to see some really dumbed down videos on where to get started, what a diverse portfolio looks like how you do it! Thank you for all the great content !
So if you are starting at age 35 to invest, what can you do to compensate for the first 10 years you haven't invested 5k yearly? Referring to point number 1
Great question. I'm going to make a video on this but... First thing would be to start ASAP. Second thing would be to maximise your savings rate by reviewing your spending, reducing expenses and diverting more into investments. Third thing would be to consider (not advice) holding 100% equities because over the long term in the past equities outperform bonds, albeit it with more volatility Fourth thing would be to max out tax advantaged accounts - considering Lifetime ISA Fifth thing would be to reduce investing expenses as much as possible using passive low cost set and forget strategy Does that help?
Fantastic stuff and love the pod! Shared with mates and colleagues. Please keep it up! I finished med school in 2017 and felt really isolated regarding my student debts and finances. Now, I am feeling like I'm part of a community and feeling so so much better about my financial decisions.
More content on investing ❤ and how to get started/deciding what to include in a diversified portfolio as there is a lot of information online that is hard to navigate/filter - I'm an F2 at 25 and want to get started in time!
Great video, good to see some data behind commonly discussed investing topics. Would be good to see a video on a basic overview/ 'idiot's guide' to the NHs pension - I would say there are a lot of doctors who just don't understand it (me included)! Cheers!
❤ Thank you so much for this video - as always very clearly explained! Question - how can we check if an investment app/provider of a stocks & shares ISA only has access to UK stocks as opposed to international market?
👍🏾 Great video, well explained. I would say I'd love lots more investment videos but once an investor has taken those principles to great l heart, they are unlikely to change course! However for future videos I would consider discussing how best to alter your risk profile as you approach/enter retirement! And I'm always down for tax tips! Great work guys!
Don't overthink it - many more important things like diversification, risk profile, goals, tax efficiency, cost, behaviour management, savings rate and just getting started. Often see people say ETF are better as they trade like shares with live price but if you are buying for longterm this is insignificant. Some platforms the ETF attracts share dealing fees (eg Hargreaves Lansdown) and the Index Fund does not. Hope that helps?
Vanguard VHVG fund. A Global tracker (i.e. low cost) fund. It is a PASSIVE Fund not an ACTIVE Fund Passive fees are low cost 0.12% of your Fund value. It is an Accumulation Fund. ACC preferred to INC (income) fund. You don't get £3.00 approx every year. The £3.00 is automatically re- invested for you in the VHVG fund. That's all you need to behave as advised in this video. VHVG is diversified. It is invested in 22 different stock markets US, UK, Germany, France, etc.
Very helpful. Any more idiots guides to investing? Would you, for example, just pick a stocks and shares ISA your bank was offering, or are you more choosy about the managed fund? Thanks!
Unfortunately banks rarely offer the best deals and exploit the loyalty of existing customers. The correct fund for you depends on a range of factors including sufficient diversification, correct risk profile and cost. Cost is important because whilst returns compound over time so do costs unfortunately. I'll try and make a video with more detail
@@MedicsMoney ideas for early to mid career GPs to escape the rat race of 9 clinical sessions that isn’t GP out of hours work or LMC. Starting a side hustle seems to require building an online presence and churning material twice a weekly to get the old algorithms onside.. sounds challenging.
@@d2k_uk on it! "Never build your farm on rented land" by which we mean build an audience where algorithms don't matter and you are in control. It's why email (list size 41,000 www.medicsmoney.co.uk/join-medics-money/ ) is our main channel and only after 4 years of email did we finally join YT and Instagram 🤣 If you go niche you really don't need a big audience at all. Also check our episode with Hassan Kubba on the unfair advantage - he had some great tips. ua-cam.com/video/BWyGjcBEyPQ/v-deo.html
spent two months at med school learning the krebs cycle but nobody thought to teach us anything about money. what would we do without you ❤
Because you were at a MED school
Yeah its why we wrote this www.medicsmoney.co.uk/ebook/
❤️👍🏽🔥 - would love to see some really dumbed down videos on where to get started, what a diverse portfolio looks like how you do it! Thank you for all the great content !
👍 on it
great summary- easy to understand♥
Glad it was helpful!
So if you are starting at age 35 to invest, what can you do to compensate for the first 10 years you haven't invested 5k yearly? Referring to point number 1
Great question. I'm going to make a video on this but...
First thing would be to start ASAP.
Second thing would be to maximise your savings rate by reviewing your spending, reducing expenses and diverting more into investments.
Third thing would be to consider (not advice) holding 100% equities because over the long term in the past equities outperform bonds, albeit it with more volatility
Fourth thing would be to max out tax advantaged accounts - considering Lifetime ISA
Fifth thing would be to reduce investing expenses as much as possible using passive low cost set and forget strategy
Does that help?
Fantastic stuff and love the pod! Shared with mates and colleagues. Please keep it up! I finished med school in 2017 and felt really isolated regarding my student debts and finances. Now, I am feeling like I'm part of a community and feeling so so much better about my financial decisions.
I felt the same in 2008 when I graduated and thats why we made Medics Money www.medicsmoney.co.uk/ebook/
❤🔥I wish I'd had this 10 years ago!
It’s almost certainly not too late to start.
❤👍🏻 and 🔥 all round!!
Thanks. We're working on ❤️ 👍 and 🔥right now
This is so helpful I would definitely watch more of these thanks so much
More content on investing ❤ and how to get started/deciding what to include in a diversified portfolio as there is a lot of information online that is hard to navigate/filter - I'm an F2 at 25 and want to get started in time!
❤️ on it.
Great video, good to see some data behind commonly discussed investing topics. Would be good to see a video on a basic overview/ 'idiot's guide' to the NHs pension - I would say there are a lot of doctors who just don't understand it (me included)! Cheers!
💯 it’s something we’re working on.
❤ Thank you so much for this video - as always very clearly explained! Question - how can we check if an investment app/provider of a stocks & shares ISA only has access to UK stocks as opposed to international market?
👍🏾
Great video, well explained. I would say I'd love lots more investment videos but once an investor has taken those principles to great l heart, they are unlikely to change course! However for future videos I would consider discussing how best to alter your risk profile as you approach/enter retirement! And I'm always down for tax tips! Great work guys!
Thanks for kind words. Can definitely do more peri retirement videos.
Index funds or ETFs? Do you favour one or the other within your portfolio?
Don't overthink it - many more important things like diversification, risk profile, goals, tax efficiency, cost, behaviour management, savings rate and just getting started. Often see people say ETF are better as they trade like shares with live price but if you are buying for longterm this is insignificant. Some platforms the ETF attracts share dealing fees (eg Hargreaves Lansdown) and the Index Fund does not. Hope that helps?
Vanguard VHVG fund. A Global tracker (i.e. low cost) fund. It is a PASSIVE Fund not an ACTIVE Fund
Passive fees are low cost 0.12% of your Fund value.
It is an Accumulation Fund. ACC preferred to INC (income) fund. You don't get £3.00 approx every year. The £3.00 is automatically re- invested for you in the VHVG fund.
That's all you need to behave as advised in this video.
VHVG is diversified. It is invested in 22 different stock markets US, UK, Germany, France, etc.
Very helpful. Any more idiots guides to investing? Would you, for example, just pick a stocks and shares ISA your bank was offering, or are you more choosy about the managed fund? Thanks!
Unfortunately banks rarely offer the best deals and exploit the loyalty of existing customers. The correct fund for you depends on a range of factors including sufficient diversification, correct risk profile and cost. Cost is important because whilst returns compound over time so do costs unfortunately. I'll try and make a video with more detail
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👍Anything specific you’d like? How to get started? Or more complex stuff like business models etc?
@@MedicsMoney ideas for early to mid career GPs to escape the rat race of 9 clinical sessions that isn’t GP out of hours work or LMC. Starting a side hustle seems to require building an online presence and churning material twice a weekly to get the old algorithms onside.. sounds challenging.
@@d2k_uk on it! "Never build your farm on rented land" by which we mean build an audience where algorithms don't matter and you are in control.
It's why email (list size 41,000 www.medicsmoney.co.uk/join-medics-money/ ) is our main channel and only after 4 years of email did we finally join YT and Instagram 🤣 If you go niche you really don't need a big audience at all. Also check our episode with Hassan Kubba on the unfair advantage - he had some great tips. ua-cam.com/video/BWyGjcBEyPQ/v-deo.html
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