WARNING! Please please be wary of bots that are trying to impersonate me in the comments. Lately, they have been offering "Coaching courses" and trying to get you onto WhatsApp. This is not me it's a scam. I will never try to contact you; you can only get in touch with me via the link in the description of the videos. My audience skews heavily to older people who are more likely to fall victim to scams. So if you see any comments from bots, please report them. It's really helps to protect others in the community. Thanks in advance!

@adambritain5774

18 күн бұрын

There’s a ‘decision’ of the videos is there…? 😂

@RobCLynch

18 күн бұрын

@@JamesShack yes I've just received an invite to the coaching course, with a WhatsApp number to add lol. I've reported it.

@jonasking3670

17 күн бұрын

Also there are the bots that comment on their own posts under different accounts in order to fool people into looking up some “advisor”. You can tell it’s happening because the responses don’t sound like how someone would respond to someone else.

@JosephCarlsonShow7

17 күн бұрын

How to contact you?

@guyr7351

17 күн бұрын

@@jonasking3670yes these are so annoying and to most of us obviously so fake. Mr/mrs so and so grew my £10,000 or doubled it in a month blah blah blah. If you click on them and report them they get deleted but I guess the bots just re post.

I am a retired institutional fund manager (36 years in the industry). I’ve seen it all from the inside and agree with 100% of what this gentleman is saying. The money that wealthy people put into alternatives is their “fun money” the equivalent of an ordinary person buying a few lottery tickets. They kid themselves that itis diversifcation but it’s just thinly disguised greed and generally what they gain in return they give away in fees…. And that’s the lucky ones. So good to see such sound advice being given.

@nigairlines

13 күн бұрын

Plus people tend to focus on making money investing whereas the way to make more money is by increasing or having a good income. Most of them didn't study and think they'll become rich by trading or investing, at this point it's the same as buying a lottery ticket.

@tamwilfred

10 күн бұрын

Greed or the feeling of hitting it big. Most of my investments are in index funds but I use a small percentage of my portfolio value and invest in single stocks and alternative investments. I fool myself in thinking maybe I see something people don't see yet. I just want to speculate sometimes. I treat them as a lottery ticket. Sometimes people need some excitement in investing. Nobel Memorial Prize-wining ecnomist Paul Samuelson famously stated that "investing should be dull, it shouldn't be exciting; investing should be more like watching paint dry or grass grow". Maybe I just want to add an expresso in my coffee to get a little excitement but I'm not betting the entire farm on some of my speculative investments.

A good rule of thumb is that if your portfolio is too boring to discuss in social situations, you've done it right.

@JamesShack

17 күн бұрын

Haha, I like it.

@jeremyhill3837

17 күн бұрын

This made me laugh! Reminds me of my mates reactions when I start telling them about market index funds 😂😂😂

@Roman49837

13 күн бұрын

I know a very smart and wealthy guy that worked for NASA. One day I asked him about his investing strategy. He told me “just put everything on the S&P500, that’s it”. 😅

I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270,000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.

@BINDERANDREAULRIKE

Күн бұрын

Explore the option of engaging financial advisors, estate planners, or tax experts. Their specialized expertise can assist you in navigating intricate financial decisions.

@EstefaniaWalter66

Күн бұрын

Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.

@CharleyHull-dn6nh

Күн бұрын

Pls can you leave the info of your Financial advisor here, I am really in need of one.

@EstefaniaWalter66

Күн бұрын

She goes by ‘Melissa Jean Talingdan’.’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

@CharleyHull-dn6nh

Күн бұрын

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

Great video as always, was wanting to see a video touching on venture capital!

@JamesShack

18 күн бұрын

You're very welcome!

@theemannetje2096

14 күн бұрын

Keep up the videos jakey!

You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller

@anatolyivan

2 күн бұрын

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

@UsamaG-mq1jy

2 күн бұрын

Their ...services are very genius and experienced in the market for over a decade and counting, they changed my life from a poor plumber to a better and middle class family man with 2kids.

@chrisrosario-kb3nw

2 күн бұрын

The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.

@MaiDaniella-mr2gq

2 күн бұрын

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

@JohnKenneth-f7w

2 күн бұрын

Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading

Thx James for saying it outright : "People shouldn't consider their homes an investment" thank you very much.

Just one point that needs emphasised. The JP Morgan survey (or similar) of HNWI is a self-selecting group. The richest cohort of individuals (excepting inherited wealth) are typically company owners, rather than those taking income from employment. As such, the stats are always going to show a substantial % of HNWI having their wealth in private stocks, since they are company owners. That’s less of a result of a ‘wealth strategy’ of the HNWI - if you excluded owners of their own companies (as opposed to people with the wealth able to buy into private equity), the mean average holdings would no doubt be rather different.

@JamesShack

17 күн бұрын

Other studies I've seen show that wealthy individuals have 70-90% of their net worth tied up in their own business. I picked this study because it's based on Family Offices which should give us a better understanding of what their "investment" portfolios look like. As demonstrated in the video, it's not that dissimilar from US endowment funds.

That last analogy about Federer is a really great point.

If you don’t understand it don’t invest in it…

@JamesShack

18 күн бұрын

Agreed.

@jollama

17 күн бұрын

All my investments are based on what influencers say and I’m up 15% overall despite not understanding a single thing they said

@niallrunswick938

17 күн бұрын

@@jollama precarious

@jollama

17 күн бұрын

@@niallrunswick938 I’m sure VOO, QQQ, SCHD, VGT, and DGRO are precarious

@Greylocks129

17 күн бұрын

@@jollama is it sustainable over 40 years?

It's worth remembering that "The Rich" also invested in Theranos.

@williewonka6694

17 күн бұрын

Yes, and with Sam Bankster Friedman and Bernie Made-off as well.

@Elaba_

16 күн бұрын

Bloody hell.

@dlc2479

16 күн бұрын

Right

@romybrater1353

16 күн бұрын

I will add that 99.9% of the victims of Maddoff's scam were yltra wealthy. But those also were ultra greedy...sad.

@rubyus7332

15 күн бұрын

They’re rich, that’s why they can afford to lose money! 😂

I agree with the simple funds,but ditch the bonds and add a sattelite fund such as a nasdaq tracker.

@gorkyd7912

16 күн бұрын

If you're actually poor and you put your few thousands in index funds you're going to at best have a few thousand dollars that beats inflation. Meanwhile your wages are going down and expenses are going up. Investing is for rich people who have enough money that a modest return actually means something.

@lyndonrichards5279

15 күн бұрын

@@gorkyd7912 really, I've just done 35% for the last 12 months and my portfolio is over 500k. 15% a year will double every 4.8 years. Your comment is ridiculous.

Always top notch advice James The only finance influencer people should listen to

@JamesShack

18 күн бұрын

Thank you for saying so!

Larry Fink says BlackRock’s deal to acquire Preqin could lead to indexing private markets

@edwardkenworthy7013

17 күн бұрын

"Private Equity Firms Are Typically Very Dishonest" kzread.info/dash/bejne/pGeTlpOQmNnYYaw.html

While they are stocks, I would think BDCs might be a Private Equity-esque investment? After all, BDCs invest in (or make loans to in exchange for equity stakes) private companies. They often provided dividend income along with potential for share price appreciation as well. So, obviously, not the EXACT same thing, but it's a way to gain access and BDCs diversify their holdings, which, by proxy, diversifies your piece of said BDC.

The mantra KISS is usually the best rule to follow. So for me that is low cost tracker funds in an isa & pension.

@Jeffybonbon

16 күн бұрын

The majority of homes in the past 20 years have not beaten Inflation

@BlaBla-jj6sh

Күн бұрын

@@Jeffybonbon Neither has your wage. And as far as homes are concerned: they are all about one thing: LOCATION. Homes in popular locations have absolutely beaten inflation - and then some.

I like this vid.Good insight and interesting..

No, do NOT copy them, they invest like this because they are already rich. If you want to get rich do NOT copy them.

@tobiaskallweit3911

16 күн бұрын

^ this.

Great video, James! However there is one asset I want your opinion on: farmland. Unlike residential property (over-exposed for most) and commerical property (business cyclic, rich people's fun money, just a sector fund in the case of REITs) it actually does offer a distinct asset class. However, it's extremely hard to get into unless you're a farmer. And as far as I've seen, there's no direct property fund investing in farmland in the UK.

@danielberger3669

6 күн бұрын

kzread.info/dash/bejne/pomZktV7Z5XPgqQ.html Same principle would apply to farmland ;)

Something you missed is that the average middle aged person should have a large proportion of their wealth invested in a pension. Mine is definitely worth more than my house. I have no idea how the DB part is invested while the choices given by my employer for the DC part were very simplistic (I chose the World Tracker). In contrast the U.K's Ultra Rich probably hit their lifetime allowance years ago. Yes I know it has now gone but only recently.

Forgot to mention private credit

@MrAlwaysBlue

17 күн бұрын

Do you mean peer to peer lending?

@tamwilfred

10 күн бұрын

@@MrAlwaysBlue He's likely referring to the bigger picture. These are most likely small to medium-sized companies (SMEs) that need capital for expansion. This could be a startup or an established business experiencing growth. The funding stage could be Series A, Series B, or bridge funding.

There are a handful of hedge funds I absolutely would love to invest in. The only problem is I don’t meet the $10 million minimum investment requirement 😂

@JamesShack

17 күн бұрын

Haha exactly.

@williewonka6694

17 күн бұрын

Consider yourself lucky.

@g.t.richardson6311

15 күн бұрын

Most Hedge funds have a long history of hitting the big time for one year Out of 10 or 15 years and making 116% return, And then go on a nine year run of losing 15, 18, 22, 27% etc

@jamesodell3064

9 күн бұрын

@@g.t.richardson6311 And bragging about their one time hit to get more investors.

Excellent summary.

In my experience many rich people are directly investing in real estate leveraging debt so they don’t have to pay much tax. I suspect this is more common vs purchasing units in a fund.

@williewonka6694

17 күн бұрын

really good point. Instead of income and Capital gains, they live on debt, which is not taxable.

Given the high fees of these alternative investments mean most rich investors would have done better just with huge index fund investments, I'd be interested in a video on why they use alternatives given the downsides. Is it really smart for them or do they just get suckered into it by sales? You discuss this a bit at the end but is there more (or more rigorous evidence you could discuss)?

@RobCLynch

18 күн бұрын

Good point. It wouldn't surprise me if rich people use high risk ventures as tax write offs (assuming some assets create a loss) so that they could offset their losses against capital gains.

@philipjamesparsons

18 күн бұрын

You beat me to it. Maybe they are influenced by others in their circle, investing into venture capital funds. Index funds investments would have made a rich person very rich over the last ten years.

@alecdurbaville6355

18 күн бұрын

Tax breaks

@pauliusmatiusovas4102

18 күн бұрын

Yeah like rich invest to take losses and you invest for profit, keep dreaming

@KirkFickert

18 күн бұрын

@@pauliusmatiusovas4102 It depends. Like this year I'm aiming for a loss on farm incomes since that's in a Trust because how that Trust is taxed. Granted I'm doing things like fixing a shed that took wind damage a couple years ago, getting ditches cleaned out and dredged and other land improvements, some of which needs to be done, but given the option of spending it vs. losing 37% to taxes. And if it goes negative this year I can write off other gains in that trust. Now at the end of the year I'm putting all the farms into a LLC vs. a network of the 4 Trusts things current sit in...

My wife and I are 75. We have always invested 100% in stocks. The broad market. We set a goal for the annualized return. The broad market gave us that and more. There was and is no need for us to look for other investments.

@gorkyd7912

16 күн бұрын

The investment strategies that worked for boomers in the most prosperous decades in world history are unlikely to continue working for their children.

@rgarri6396

13 күн бұрын

You have done good as of today, pray you get to keep it! You made it to the top, don’t fall off, it’s a long way down.

Nice little video!

Too many bots in your comment section but great video as always

@JamesShack

17 күн бұрын

Tell me about it

What's in the "other"???. I want to know. (The black segment in the pie chart).

@JamesShack

17 күн бұрын

I would like to know too, they don't actually specify it in the report. privatebank.jpmorgan.com/eur/en/services/wealth-planning-and-advice/family-office-services/2024-global-family-office-report

@JamesShack

17 күн бұрын

Probably things like collectables.

The ability to afford top Financial Advisors and tax lawyers on-call helps too. 😉

@williewonka6694

17 күн бұрын

I doubt that, those guys are largely money sucks that cannot beat the index funds.

@scottiswatchingtele

8 күн бұрын

i've never seen a top-notch financial advisor. they're just money strippers

Good info, thanks.

Superb video you should do more

@JamesShack

18 күн бұрын

Thank you, I will

Nice one, James. Thank you.

Hi James, I’d like to see your comments about private credit

You’re also looking at data for people who are in wealth preservation, not aggressive wealth creation

Rich people already have plenty of money and don’t need to build wealth, they just want to conserve it. So they’re gonna go for less risky assets, but for the rest of us we still need to build it.

@leonhenry4861

16 күн бұрын

Exactly, if they already earn 500k+ after several years or earning it, it’s really about keeping that cash safe and away from taxes and messy divorces. The rest of us are trying to turn 100k into 1 million, which is why a lot of us lose money.

Was expecting to be generic clickbait garbage, but this was actually a very well-informed video! Kudos

Brilliant video, thanks James, so very helpful!

My model portfolio is 60% VTI, 20% VGIT, 12% VCIT, 8% VMBS. For bonus point guess my state.

Thanks for another great video. Always good to see the big picture from the eyes of a professional.

@JamesShack

17 күн бұрын

Glad you enjoyed it Chuck.

@chuckmurray1825

17 күн бұрын

@@JamesShack Guess who is re-retiring next year and moving to Europe?! Waiting to see the new NHR details from Portugal. It's now down to Puglia, Italy or the Algarve in Portugal.

@JamesShack

17 күн бұрын

@@chuckmurray1825 congrats! They’re all great choices.

Hi James, thanks for all the content I really enjoy all your videos. Recently come across the book lifecycle investing by Ian Ayres and wanted to know your thoughts on this approach. I’m 27 and have some time till retirement. A leveraged approach makes sense in a lot of ways seeing as I don’t actually need to access my pension for 32 years. Was wondering if you might consider making a video on the topic? Keep up the great content - thanks!

@JamesShack

18 күн бұрын

Hi Andrew, I have not read the book, but I am familiar with the idea. How are you thinking about getting that leverage?

@andrewbatey2636

18 күн бұрын

Hi James, thanks for replying. ​​Just to be clear, I haven’t committed to this yet as you can imagine I’m naturally sceptical. So far all I have come across is multiplied ETFs such as SSO/ TQQQ. The expense ratios are high at 0.95% (relative to global vanguard trackers) but that seems low vs loan borrowing. My other query was around the feasibility of leverage in a high interest market. Honestly I don’t know the best way to facilitate it and wondered if it’s a subject you are asked about enough to make a video on? Cheers again!

@Whoop0

18 күн бұрын

@@andrewbatey2636 Leveraged ETFs are dangerous and not the same as a leveraged portfolio, they're designed to be held in the very short term not long term. Research volatility decay.

The boy was no longer sleepy, but full of energy and excitement.

Good video, as always. However, I was hoping to learn a bit more about the schemes and structures they use to minimise their tax liability.

James - once again thank you for a clear and well presented video that illustrates whilst we may think the grass is greener... it often isn't.

Great advise, ignore the fluffy, clever stuff and go for what makes sense.

Thanks I bought Kardden and I can't be more happy about it

For Private Equity, best for avg investors is BX, KKR, ARES, & OWL and BDCs like ARCC, MAIN, CSWC, FDUS, OBDC...On Hedge funds, I like when Buffett challenged any Hedge fund Mgr vs the S&P 500 over 10yrs he would give them $1M.....Buffett won.

James, at 5:04 you mention that a home isn’t an investment, and I think a video on this would be very interesting. For instance, does your home equity contribute to your net worth, and should your mortgage be subtracted from this? Is your house "more of" an investment if you intend to sell it and downsize in later years? Etc etc.

@JamesShack

14 күн бұрын

Yes, it could be interesting. I would just need to think of a catchy title and thumbnail, which is hard!

How do we report them James?

@JamesShack

15 күн бұрын

The three dots next to the comment.

@albertboulderwardthe3rd590

15 күн бұрын

@@JamesShack Thanks, have now reported.

Good information. Thanks

@JamesShack

18 күн бұрын

Glad it was helpful!

What about PMs? BTC? Also, are most financial assets in reality highly correlated?

@daleal7250

11 күн бұрын

Putting money into BTC isn’t investing, it’s speculation which is more akin to gambling. Don’t put any more money into it than you are willing to lose.

@johnjordansailing

11 күн бұрын

@@daleal7250 You do you buddy.

You are the best!!! What a wonderful, informative video 🎉

Good informative video. Thanks.

@JamesShack

18 күн бұрын

Glad it was helpful!

Great video and clear explanation. Thank you

What about debt?

The longer I have been into investing as salary increases etc the more I am favouring simplicity. All world Etf in an isa, some cash savings accounts and obviously heavily into S&S SIPP with higher rate salary. My individual stock picks have not really done better than S&P. And when you at in time, effort, keeping up with news etc... It's just not worth the hassle. The mega rich live in a different world. Cant really apply same logic to the average person.

@tamwilfred

10 күн бұрын

Stock picking can be challenging. For most investors, broad-based index ETFs are an excellent way to build wealth. However, if you enjoy researching companies and allocating a small portion of your portfolio to individual stock picks, it can be an engaging and potentially rewarding experience. That's my approach - using a small percentage to make informed bets and add a touch of excitement to my investment strategy. For example, I was fortunate to recognize Apple's potential in the mid-2000s and invested a small amount that has grown significantly.

Great video. What Is the wealth threshold used here to be deems part of "The Rich"?

@Whoop0

18 күн бұрын

see 2:50, $50m+

@MrWhoAmI57

17 күн бұрын

@@Whoop0 Missed that, thank you

sound advice James - and I couldn't agree more

The advisors are sending them into these other categories because they get paid higher fees. For the long term be in a low cost broad based equity fund/etf

I think some of this irrational behaviour at least is driven by two things: 1) hiding/disguising what you have and 2) gaming the tax systems of the world

@mikerodent3164

9 күн бұрын

@GrahamStephen¹²⁸¹³¹⁷⁵¹⁴⁰ Thanks M8! Have you ever looked up the meaning of the words "sad w*nker"?

I agree with the points made in this video but the comparison of the average investor to the wealthy investor should be tempered by the wealthy investor likely having acquired their wealth from starting a private company and then buying valuable property. One would therefore expect these to be a major part of their investment and have nothing to do with choice on their behalf.

He is correct, your primary residence is NOT an asset! If you are renting out 1 or 2 of the bedrooms in the primary residence, then that property is in fact an Asset cuz it is PRODUCING INCOME.🙂

You can't invest like the rich when you are just starting out and don't have much money. Some investment types have minimum amounts you have to deposit.

Coinbase listing Kardden Binance probably in line too

Surely scale is a key detereminant of success.

Guy in the advert looks like Gordon Ramsay

Whoever says copy, what a bad idea. Never copy.

couple spelling errors on the slides, watch out

Why are you picking on Federer?

@TuRo-Maserati

4 күн бұрын

Well for a start anyone who wears their own merchandise deserves picking on in my book - racquet(eering) notwithstanding 😊

Very articulate. Point. I've been saying this (with a few extra insights which I am not going to share with a competitor 🙂 ) from the late 80's.

Regular people invest to make money. Rich people have a financial advisor to KEEP and not lose their money. Very different.

@stevenrix7024

17 күн бұрын

Could just buy government bonds for a guaranteed 4-5%, in that case…

@brymills

17 күн бұрын

Except rich footballers… they seem to invest to keep rich people rich without risking their own money..

@e.t.theextraterristrial837

17 күн бұрын

That's because they already have a lot of money. Most of us plebs are just trying to get that elusive goal of buying a house. If I was rich, I'd own at least 2 properties. One for my own, the other as investment.

@mmabagain

17 күн бұрын

@@stevenrix7024 That 4-5% will be down to 2-3% in a year or less.

Great video! Thanks for the information

EIS and VCT - indeed, the UK Tax regime encourages investment into these vehicles, which could be appropriate for my Scottish friend Cliff Barrie. Thanks David.

Most true rich invest in themselves and bet on themselves. They make their money through self employment, then they invest elsewhere...

A huge difference is dividends. 2% on $200 is $4. That barely covers round trip commissions on an options play. 2% on 2mil is 40k. That’s a big difference! Investing isn’t based on total income it’s based on a fraction of disposable income. A 50k lifestyle when earning 55k leaves a small percentage of 5k to invest. Very different if you have a large dividend financing most of your living expenses. 63k invested atm, with 1.5k in annual dividends. Hope to see that snowball grow.

This video was worth my time, thank you.

"sledge hammer to knock in a nail" lol that is a great analogy

Thank you for the great video!

So, just going for stocks, bonds and real estate is the most simple way to build wealth and be mostly well diversified?

@valk_7233

16 күн бұрын

@JamesShack_info Begone bot!

Great video, thank you!

4 million private landlords may disagree..

Investing is two things- 1-buy low, sell high; 2-repeat #1.

@Sky1

13 күн бұрын

And automate it 😊

Great video and very eye opening. Well done and thanks for educating viewers.

@JamesShack

12 күн бұрын

Glad you enjoyed it!

I find it incredible you didn't initially mention precious metals! Silver and gold are the investments of a generation. And yes YOU CAN earn produce income from holding precious metals!

Have you thought of doing a podcast?

@JamesShack

17 күн бұрын

I have, but I'm not sure about the format. I would love to do a version where we actually do financial planning/coaching live with guests. In a similar way to Ramit - kzread.info/dash/bejne/m4WlmdquYNy4naw.htmlsi=MsHtQiCEA7r3imQg However, I'm unsure if Brits would volunteer to come on a show and share their financial information. Americans are often up for that kind of thing, but Brits are less so. I need to test it.

Look at what big investors want and what they don't yet have. Just buy small positions in small companies that often get bought by larger companies. For example, the mining industry in australia will likely produce a large amount from manufacturing materials for EV techonology. Blackrock and Vanguard's competitors are buying those companies namely China and their companies, so stands to reason they might want them in the near future.

6:35 spotted the moment when James had his 3rd glass of wine. 😅 Great video as always James, thank you.

@JamesShack

17 күн бұрын

Someone else has called this out, but I still can't see it! What's the mistake ?

@molocouk

17 күн бұрын

@@JamesShack Just the minor spelling mistakes in the 'low investment minimums' line. Sorry for being a pedant!

The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation

Curious what your thoughts are on these new options based ETFs such as JEPI of GPIQ? They own an index (e.g. S&P500 or Nasdaq) and use options (selling covered call and puts) to produce income (like 10% or more a year). What's encouraging is they don't have insanely high fees, most are less than 0.50%. These may have a diversification advantage in that their performance will be different from a traditional stock or bond fund. This is similar to what some hedge funds do for ultra wealthy investors but without the high fees. So exposure to stock market, high income, and low fees.... they have a lot of potential but also sounds almost too good to be true. Am I missing something? Do we know how these funds would perform in a bear market for the stock index they track?

Very well done and sound advice. Once you get to where you can retire or close to it, you want to preserve your capital. Don't take unnecessary risks. One other investment to consider if you are at retirement age is an IRA with a fixed annuity as part of the investment. I locked in 5.5% for five years. Safe with no risk and no tax hit.

So the take home here is, "we shouldn't try and be Roger Federer and Roger Federer should not try and be Roger Federer"

video starts at 16:40

Anyone here know the answer to the following. I earn £63,000 a year. I have a SIPP already set up. I also have a workplace pension. The workplace pension does not offer a salary sacrifice option, the employer will not match my pension contributions. I want to keep the workplace pension and contribute 5%, so that I can get the 3% employer contribution. But as I don't get a salary sacrifice option with the workplace pension, is it possible to set this up with my already existing SIPP?

You don’t want to copy the investment portfolios of the wealthy. They’re geared more toward wealth preservation. They play it safe and as a result leave some gains on the table.

Key takeaway: Roger Federer is irrational :)

Before I even watch this episode, I'll side with Morgan Housel; no, you (the average person) shouldn't

@JamesShack

18 күн бұрын

Agreed.

Is the glitch in the matrix at 6:39 to prove you’re not AI or just a sign you’ve not employed that video editor yet?!

@JamesShack

18 күн бұрын

No edit yet. Even I can’t see it …?!

I agree with your conclusion. Keep it simple

Whenever James says the word "however", be wary. When he says it several times, alarm bells ring!

Just invest in BTC or lose out to inflation. Really simple.