Happy Sunday guys! If you’re looking to start our index fund investing click the link to Trading 212 to get 1 FREE share valued up to £100: trading212.com/promocodes/MITCH

My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are 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?

@DanielA.Slayton

Ай бұрын

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

@JermaineW.Hoskins

Ай бұрын

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.

@DanielA.Slayton

Ай бұрын

Leicia Zavala Perkins 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..

@JoshuaAltom

Ай бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

Can't wait for when I'm 83 years old with £1.2 mil in the bank

@britcan4067

Ай бұрын

😂😂😂😂

@gazzy2012ga

Ай бұрын

😂

@0casey963

3 күн бұрын

Hahaha

@Polkadot2

Күн бұрын

😂😂😂😂😂

i love these videos they keep me grounded, thank you

Thanks for the advice - would you recommend commodity ETFs too?

Awesome 🔥

Hi Mitch - great video. One thing is confusing me. Do you suggest putting in an amount each month into the index fund? You mentioned you started with £400 every month. Was that consistent irrespective of the fluctuations in the share prices? Or do you ignore that and stick to the consistency. If it does well though won’t you always be buying high?

@MitchShoesmith

Ай бұрын

Hey, thanks! I did £400 a month because that was what I could afford at the time and invested it automatically irrespective of the stock market prices. I did invest more when the market collapsed in 2020 on a couple of months to capitalise from lower market prices but generally I’d say invest what you can afford, and don’t worry about market timing ☺️

Mitch any chance of a vid on how you set up your property flex. Guessing through a ltd company?🤔and how exactly do you pay yourself? Ta 🤙

@MitchShoesmith

Ай бұрын

Hey, I have got a video on the channel somewhere about exactly how it’s set up! I think it’s a video called “how normal people can become rich” I made it a few months back. But yes, the way it’s set up is through a Ltd co, and is funded by my KZread business (also Ltd co). I’m currently employed so I don’t take any money out of either business account, so hopefully I’ll be able to reinvest the money quicker ☺️

Great video. Please could you make a video about selling a portfolio and what taxation would come into effect. Thanks

@MitchShoesmith

Ай бұрын

Thanks Paul, if it’s held in an ISA there is no tax to pay on any of the proceeds 👌🏼

When you was talking about the 1 free share and then Ainsley Harriott popped up i couldn't stop laughing 😅😅. Im a new investor and you are giving some great advice. Im definitely going to look into the stocks you mentioned.

I guess losing 5-0 to Palace is equivalent to a mauling in a bad day in the market

@MitchShoesmith

Ай бұрын

It is indeed 🤦🏼‍♂️

Well explain thank you for bringing up this video Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. Regardless of how bad in the economy I still make 140k from my investment of 35k Thanks to Kelra Watson for her helpful guides

@Christopherzwayer

Ай бұрын

You're absolutely right, Financial education should be enforced in every level of education.

@Andrew-rn3fo

Ай бұрын

I always wanted to trade for a long time but the volatility price has been confusing

@LakshmiPranja

Ай бұрын

Is there anywhere I can get across this woman for a startup?

@CalvinStewart-zj1vv

Ай бұрын

she's mostly on Telegrams, using the user name

@CalvinStewart-zj1vv

Ай бұрын

FXKEIRA10

I started about 4 years ago and have a t212 Dollar account and when my sister recently signed up she didn't get to choose between currencies and just got a Euro account. We're both german, so I'm wondering why? I mean I like my dollar account the FX rates favour my investments, but just curious 🧐

@Stefan-er2ye

Ай бұрын

Also I have to send my money to London while she has to send it to Cyprus lmao

great vid - when does the fund kick and promote companies out of the index? i.e. how often does it happen..

@MitchShoesmith

Ай бұрын

Quarterly :)

I have about $250k distributed across various investing accounts, with 35% of my capital invested in an IRA and 25% in index funds. In Q3, 2023, I suffered a great deal. I'm just searching for methods to get better in 2024 right now.

@-phantom-8207

Ай бұрын

Okay

Top vid 👌

@MitchShoesmith

Ай бұрын

Thanks Aidan!

Great video Mitch! One of my mate's bank account was hacked and Halifax closed his account down thinking he's the scammer. Now he keeps getting rejected f4om every other bank. What can he do?

@MitchShoesmith

Ай бұрын

Thanks! Gosh that’s a difficult one, only thing he could do is call up the customer services line to see if his account can be reinstated. Financial Ombudsman may also be able to help too.

@user-op8fg3ny3j

Ай бұрын

@@MitchShoesmith thanks for the advice. That's actually really helpful because we weren't getting anywhere with citizens Advice

I sympathize with many people who had no knowledge digital marketing because currently dollar is unstable and coin is taking over to be the universal currency

@Destiny01017

Ай бұрын

Hearing it last week got me scared so I agree with you! Investing puts money to work. The only reason to save money is to invest it

@BabuRathud

Ай бұрын

Same here though I started with as low as $15,000, actually because it was my first time and it was successful, she's a great personality in the State

@MarCinfu-kf2dm

Ай бұрын

HOW DO I GET ON THIS?????

@BabuRathud

Ай бұрын

Exactly, Get the app installed and search her up using the name above, make sure there's no added letter or number.

@Nickk4

Ай бұрын

I've seen plenty people talking about this Knox Jarrati she must be very amazing for people to talk this good about her

Where would you recommend me saving my emergency fund

@MitchShoesmith

13 күн бұрын

In a high interest savings account, or cash ISA where you can gain access to your funds at any point

@bladesxboxing1106

13 күн бұрын

@@MitchShoesmith That’s what I was thinking.Thanks for the reply.

Boring ETF investing, is the best ETF investing. I’ve held mine in the S&P and an All World for years. I’ve only really just started on individual stocks as my disposable income outgrows my ISA & Pension ETF allocation. UTV 😉 My old man used to play for & manage Villa, so I didn’t have any choice in who I supported 😂 hopefully see you down VP one day !

@MitchShoesmith

Ай бұрын

Completely agree, about investing & the Villa 😆 Brian Little? Just taking a punt based on your username lol! I’m usually in the North Stand, give me a shout if you ever spot me in the crowds!

@dtlittle8

Ай бұрын

@@MitchShoesmith yep, that’s the one 😄 I stick to the prawn sandwiches in the Trinity 😂

The problem is 1.2mil in 40 years isn't as good as it sounds right now. Perhaps inflation adjusted would also be useful to see

@BaileyMxX

Ай бұрын

In the same way whatever he's indicated as the monthly payment won't be worth as much in the future so in the future you'll be paying in monthly much more than you are today? That's why many use 6 or 7% as a realistic rate of return as it accounts for inflation and as such the final figure given would in effect be in "today's money"

@joshb7326

Ай бұрын

@@BaileyMxXYes I know, I think it's just worth explicitly mentioning an inflation adjusted amount

@BaileyMxX

Ай бұрын

@@joshb7326 just use 7% returns then. There's your inflation taken into account amount. It would be the equivalent of today's money

Up the Palace haha (ps im a gooner!!!)

@MitchShoesmith

Ай бұрын

😂😂 no comment!

thoughts on palantir right now

@tis.berner

Ай бұрын

Price is to high, wait til it hits 15€

@Stefan-er2ye

Ай бұрын

It's crap

@tis.berner

Ай бұрын

If you want big earnings buy abcellera biologics. Its going to triple youre money in 1 year. Take a look at it😉

Hope your portfolio does better than Villa will in the Champions League.

@MitchShoesmith

Ай бұрын

And me 😂

@MitchShoesmith

Ай бұрын

My Champions League expectations are low!

Come on Mitch I thought you were better than all this Aston Villa nonsense, up the baggies 😂

@MitchShoesmith

Ай бұрын

😂😂😂

Only 5 years left .

eyy, don't call me a beginner