I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

@HudsonEthan-00

15 сағат бұрын

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

@magen-b7n

15 сағат бұрын

@@HudsonEthan-00 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@HudsonEthan-00

15 сағат бұрын

@@magen-b7n My advisor is VICTORIA CARMEN SANTAELLA;

@HudsonEthan-00

15 сағат бұрын

You can look her up online

@LukeSamuel89

15 сағат бұрын

@@HudsonEthan-00 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

Brilliant! Not much advice on investing in the UK nice to have someone cover this for a change, thank you.

@PrettyPennyClub

2 ай бұрын

I'm not giving out advice! Just telling folks what I do. Sharing ideas, discoveries and so on. Thanks for watching 👍

Yes, separate ring fenced funds good point... I appreciate the reassurance/your opinion on this, cheers!

Apart from costs, I always look at the reporting features of a GIA account. What capital gains have I made in the current year so far? What dividends have been paid in the current year so far? Estimate of total dividends by end of tax year. These are questions which I need answers to at least a few months BEFORE the end of the tax year. Some platforms make this very hard! Another difficult Q for some is 'how much am I up overall on portfolio account? - i.e. current unrealised value - amount cash invested - and also %age gain and average gain. Also some platforms take months to get a tax report doc ready and then don't include taxable interest payments!

@PrettyPennyClub

28 күн бұрын

A valid point. Practicality of reporting is often overlooked 👍

Invest Engine is very smooth and awesome

@PrettyPennyClub

3 ай бұрын

It's an excellent product. I hope they get more traction because its all that people need in my opinion. Simple and effective

Worth mentioning the 5.2% interest rate on your cash balance and waiting limit orders on T212, that is a nice bonus!

@PrettyPennyClub

3 ай бұрын

Agreed. Although the 5.2% comes from money market funds as I'm aware. Not quite cash, still invested

Hi, great video, can you confirm that you can have 2 seperate S&S isa's and pay into both as long as you dont go above 20k. Is this a newish rule as what I'm reading on hmrc website is a little vague. Thanks

@PrettyPennyClub

27 күн бұрын

Yes, an unlimited number of ISA providers is fine so long as you don't breach your allowance. Just came in for the 2024/25 tax year.

Hi, does Invest Engine have delay in buying etf? And how long it takes for withdrawals

@PrettyPennyClub

12 күн бұрын

@@kalvb1018 investengine group all the orders together and transact once per day. For long term investors it seems fine. Vanguard operates the same way. In terms of withdrawals, I haven't made many but always been a day or two and it's in the bank account.

Im trying out trading 212 now and so far so good 😊. No costs to buy😊 no charge for the isa😊 .My main portfolio is with HL so im tempted to transfer over😊

@PrettyPennyClub

12 күн бұрын

@@malcolmbirkett1347yep, if you are happy to self manage your portfolio, t212 is a very inexpensive and efficient platform. One of the best 👍

What's the difference in foreign exchange fees between the two?

@PrettyPennyClub

2 ай бұрын

Investengine doesn't offer international ETFs so no exchange fees to consider here. All available to buy in ££££s. Aimed at UK only, really.

I like InvestEngine, but Trading 212 is on another level. T212 hands down.

@PrettyPennyClub

3 ай бұрын

The most fully featured app there is, imho

@dynasushi840

3 ай бұрын

I do not like how long it takes for orders to execute, T212 is so much better for this. Even when shuffling around my long term investments, it takes ages for orders settle which causes a whole 2 days for me to rearrange stuff, kinda annoying as I don’t do that often but when I do it’s such a waiting game.

@PrettyPennyClub

3 ай бұрын

@dynasushi840 yep, that's true. Certainly takes longer on investengine

@marcwestby8343

3 ай бұрын

I started off with Vanguard, then opened an Invest engine ISA - WOW! Vanguard is a dinosaur. I opened a T212 ISA this year. At the moment I find I.E easier to navigate. But T212 gets a 👍🏻

@PrettyPennyClub

3 ай бұрын

@@marcwestby8343 Vanguard does seem a bit behind the times. High quality sustainable business though. No frills platform for sure.

I have been looking at these but have to admit I'm suspicious. How do they make their money if everything is free? Can anyone enlighten me?

@PrettyPennyClub

2 ай бұрын

Which one? Trading212 offer cfds so will make money on the spreads there. They also make money on your uninvested cash Investengine have a paid product in managed accounts so make money there and will make money on uninvested cash too

@PrettyPennyClub

2 ай бұрын

Which one? Trading212 offer cfds so will make money on the spreads there. They also make money on your uninvested cash Investengine have a paid product in managed accounts so make money there and will make money on uninvested cash too

Neither until we have extremely clear guidance on fractional shares and they can do single gilts. Once IE is more established and cost model proved to be sustainable in longer term, I may move back.

@PrettyPennyClub

3 ай бұрын

Interesting. Of course, you don't have to invest fractionally. What platform do you like to you use?

@coderider3022

3 ай бұрын

@@PrettyPennyClub Vanguard for isa and HL for fund and share account. HL is good for gilts (purely capital preservation to beat a bank and avoid using isa allowance) both do the job well if used for right purpose. Investors sadly need 2-3 platforms. I liked IE simplicity but it’s still an MVP and never used trading 212.

@PrettyPennyClub

3 ай бұрын

Solid platforms you have. Vanguard is excellent. Does Trading 212 5.2% interest appeal? It's in money market funds of course, so not quite the same thing as cash.

Trading 212 hands down!

@PrettyPennyClub

3 ай бұрын

Certainly a popular pick! If you didn't want individual shares... would that change anything for you?

@couchpotato2655

3 ай бұрын

@PrettyPennyClub I played with Investengine for a few months but always came back to Trading 212 for the freedom it gives me. Even though I only buy ETFs, my mind likes the freedom to know i can buy individual stock if I want to 😂

@PrettyPennyClub

3 ай бұрын

Yep - i think they excute orders a bit faster too. Often it just comes down to what someone likes rather than any technical details. I like that I can pay into two ISA's this year if I want to. Thanks for the comments!

You never said who was the best one.😂

@PrettyPennyClub

2 ай бұрын

Up to you to decide! Haha. Personally, I think trading 212 is the best in terms of flexibility. But for simplicity in investing investengine is probably the winner

Great video. Re you thumbnail: what’s the conclusion? From your experience : which of the two reigns supreme??!

@PrettyPennyClub

3 ай бұрын

Hard to pick. Probably T212. It's more mature. Got more in it. But investengine and their ethos appeals to me greatly.

@jacc88888

3 ай бұрын

@@PrettyPennyClub Thanks for the reply! I’m edging to towards IE because I like the idea having the option of a managed fund with a small percentage of bonds (maybe 15-20%h. I may put some money in a managed portfolio and some in a DIY one and see which does best.

@PrettyPennyClub

3 ай бұрын

Yep, IE does offer decent, and cheap managed solutions. Could be a good fit for you 👍

Nice video thank you. But do we think investengine will last based on its losses? (I hope so, but it is a worry)

@PrettyPennyClub

2 ай бұрын

I think it's fine. The endgame is to be acquired, but investment in the company keeps coming and of course, there is no risk to your deposits up to 85k as it's covered by fscs

@3000jayrich

2 ай бұрын

@@PrettyPennyClub appreciate the reply :) great that it's FCSCs covered, but I do lose any returns on investment potentially. Almost hope it is acquired to see if the charges go up. Keep up the good work!

@PrettyPennyClub

2 ай бұрын

@3000jayrich funds are kept separate from the business operations too. I think it's a massively unlikely scenario investengine would disappear without warning. I imagine there would be ample time to make arrangements if they ever closed up shop. No reason for me to think that's on the horizon 👍 you have to be confident with your platform!