You are normal! Please let me know about your journey, your struggles and your successes, in a comment below!

@michaelleaver1766

2 жыл бұрын

Thanks for the video,very concise and informative.Due to debt built up over almost 2 decades and the stress entailed,an employer who gave me a 50p total an hour raise in 14 years,i sold my property settled all debts,chucked the job in and have been trying to make concrete plans for the future,but at 49 in the current climate,things seem as clear as mud!! Interested in investing but realise the formula for everybody can't be entirely the same carbon copy.

@kylebennett1928

2 жыл бұрын

James - please see my comment below and the reply - apparently from you... You may want to look into this? - thank you

@JamesShack

2 жыл бұрын

@@kylebennett1928 It’s a bot. Please report them if you see them!

@kylebennett1928

2 жыл бұрын

@@JamesShack done - thanks

@jmw20

2 жыл бұрын

Add counsellor to your CV too! Great video. I'm 39 with a small defined contribution workplace pension I started in my early 30s. I will continue to pay into that, but I'm just starting my investing journey hoping to open a pension or LISA before I'm 40. Just trying to work out what's best. I find your videos so helpful, so keep up the good work.

Hi James, I left you a comment last year how you inspired me to start investing. It's going great I plan to save £3k+ this next tax year. Why am I telling you this, because I'm 68 next month. Just get investing people! All the best Steve Walsh.

@JamesShack

2 жыл бұрын

Epic news! Keep it up!

I'm 39 and only just about to start my investment journey, so this is encouraging. Thank you.

@kevh7941

3 ай бұрын

Snap! At 39 I'm starting to think about a retirement at around 55. I'm probably going to invest £400 per month into the s&p500 soon. See how that goes

@markeh1971

Ай бұрын

@@kevh7941 Hi, I’m 53 and started my SIPP last year. I’m investing what I can and that is the best any of us can do. I might might never get to retirement, but my SIPP is inside my estate and I’ve decided who gets the benefit. Be happy and smile knowing you are doing the best you can and that is better than most. Good luck M.

Here are some words of encouragement for those in their 40s who are wondering whether there is any point... I bought my first shares when I was 43yo. I had a mortgage and that was it. The paltry pension pots I had did quite well when placed into the right hands, in my case those were Fidelity, Phoenix and AXA, but they were later combined into a SIPP which I control. I also put a lot of effort into learning and maxxing out my ISA investments when I was able..... I retired ten years ago in my late 50s, although I continued putting a lot of time and effort into managing my investments. If you want to DIY then treat it like a second career, it will take several years to become competent and it is a realistic goal. When I started there was no such thing as KZread. James' videos are a boon. Thank you, James

@JamesShack

Жыл бұрын

Thank you for sharing this Stephen. It's a great example of what you can do!

I was in my mid 40s before I looked at my retirement and what I had to do about it. I was renting and had no pension. First on my list was sorting a home that I would own when I hit 60. Then looked at how much I would need if I wanted to retire at 60. This gave me my goal, and I am happy to say that 10 years later, and 5 years from retirement I am on track. The only change I have made is that having experienced lockdown I no longer want to stop working when I hit 60 but go part time. So now I will actually have more than I had planned on. Long story short, it is never too late.

@JamesShack

2 жыл бұрын

Love this Brian! If you can find a lifestyle Job that allows you to work part time it’s almost better than full retirement. Especially as it allows you to stop sooner.

@TheBillaro

4 ай бұрын

exactly what i'm doing but in japan. 20k for a house? yes please

53 y.o. with a great career, and in 2020, my salary finally got to the mid-100s. I was ready to start investing, but then Covid hit, and I lost focus. I recently started investing in the stock market. There were days when I beat up on myself for starting so late, but the more I did that, the more depressed I would become. So, I accepted my mistakes and forgave the younger me. I can't say I know what I am doing, but I am learning daily.

@djfearross4144

Жыл бұрын

COVID was a massive opportunity to START investing

@jlbishop

9 ай бұрын

There is a way you can still achieve financial security and I would very much like to show you how. I am a financial advisor with a fiduciary duty to you - please reach out to me.

Great vid. 👍 I also started investing relatively late - ten years ago (in my mid forties) I had very little in the way of investments and pension and things seemed pretty desperate, but I started saving and investing as much as I could every month - it hurt, but over ten years I’ve gone from pretty much zero to a really decent pot and I may actually have a shot at a decent retirement in the next 5 years. Don’t underestimate what it is possible to achieve over 10 years with discipline and a sensible investment plan.

54 here and ZERO savings for retirement until past february. I had to emigrate and start all over from scratch at age 33. Had no financial education and was just living paycheck to paycheck. Like many others here thought that I had to keep on working until the grave, but after watching your videos and several from other youtubers, I decided to educate myself in investing and trading. I started investing last february (just 3 months ago) and set saving and investing targets for the next 7 years. Hopefully, even if I have to work until I drop, my future looks a lot brighter thanks to you.

I'm currently pursuing a balance between fat and lean FIRE with the guidance of financial advisor David Marvin Willis. By diligently budgeting and keeping living costs in check, I save a substantial portion of my income. However, I prioritize enjoying life, dining out, going on holidays, and savoring good food at home. With the goal to grow my income in the next 5-10 years (I'm 44), maintaining a savings rate of 30-40%, I aim to potentially reduce working hours around the 45-50 age range. This journey, spanning the next 10-15 years, won't entail a bare minimum lifestyle.

It's like you made this video just for me. I'm a single dad, whose youngest just became an adult. I recently started my 401k. My house is nearly paid off and I have saved an emergency fund that could carry me about a year if I lost my job. Something else to consider with 'older' people (especially parents) is that we are less apt to chase 'the shiney new things'. Odds are that we've been through that phase of our lives and are now more comfortable living below our means. Not to mention that parenting forces you to be more mindful about money. I definitely regret not putting at least something towards my 401k earlier. I'm telling my kids now to get in the habit of contributing even a small amount to a 401k. I hope they listen to the old man.

@jlbishop

9 ай бұрын

I am a financial advisor with a fiduciary duty to you - I would love to show you a way you could significantly improve your returns. Please reach out to me.

I work in the architectural design field and I had a conversation with a landscape architect many years ago. He said “the best time to plant a tree was 30 years ago. The second best time to plant a tree is TODAY”. The same thing holds true for investing…

@JamesShack

2 жыл бұрын

Yes indeed!

The only downside of this channel is that I can’t wait for another episode. Simply the best financial UK based YT channel at the moment. Pensioncraft also has good content but somehow you sound so much more refreshing James. Great work, all the best.

I started investing at 48 after a friend sent me a link to the book 'The Simple Path to Wealth' by J.L. Collins. Before listening to the book I wrongly assumed investing in stocks and shares was only for wealthy people, and besides I didn't even know how to invest! But the book broke it down and helped me to understand that it can be simple.

49y/o started investing in 2023. Looking to keep investing each year, started with a S&S ISA and I am now learnings about SIPPS. Going to try and pump as much spare capital in to these going forward each year. I have started with buyings shares but I am hoping to start looking at buying some global index funds to keep it simpler. Fingers crossed.

Thank you James - really grateful for the way you approach these topics and deal with them in a realistic way ie considering life situation, emotions etc.

I love how you talk about the positive side of investing in our 50's. Other financial vloggers tend to beat you up!

Great content James....as you say there's so much content aimed at those in their 20s & 30s, it's very hard not to feel as though you dropped the ball! I'm 54 and just starting to invest, reassured by the knowledge that these are my best earning years and any Investments won't stop growing just because I reach retirement age!

Thank you for making this video. I'm in my mid thirties and have just started investing. I've been feeling so dejected and behind looking at all the Alice's on KZread. I really appreciate the message in this video and it's really motivated me to increase my contributions and keep investing. Thank you!

I have nothing substantive to add here - I'd just like to thank you for lowering my anxiety levels a little (46 - no pension as yet, but that's going to change very bloody soon).

Thank you! I needed this and I feel much better:)

An older video, I know, apologies for opening up an old thread, but I've just come across James' channel. This is a great video, and very encouraging for people like me. I'm in my 40's ( just ), and I have very recently cleared all of my debts ( excluding mortgage), so I am very keen to now start investing and videos like this really help.

Brilliant content, thank you! This gives me hope. I have a decent pension pot which, I’m trying to work out how to handle. My wife does not have a similar pot and now in our early 50s we’re finally getting in a position to do something about that!

just came a crossed with this video and I totally agree with you telling it's embarrassing to start investing in your forties since I just started my journey...I'm about to hit mid-forty and I am thankful to all the financial gurus who keep on sharing insights and tips on investing

You are bloody good James! Clear delivery, great content, graphics and editing. Love the advice you are giving and I am very greaful for the youtube algo for putting your content in my feed.

@JamesShack

Жыл бұрын

Thanks for saying so Jim. I’m glad you’ve found them useful.

James. Thank you for your information. I was thinking I was way behind because I am 40 and have nothing invested. I am just starting. I now know better. I will stop looking behind me, because you are right, I cannot change the past. I need to be looking forward. I will definitely eep watching your content. Thank you so much.

@James I was about to mention that not many people in their 20s have 5k per year to just throw into an investment portfolio and then I watched the video. Yeah, you are absolutely correct with regards to both investment and those fitness Instagram. Subscribed

Thank you for the uplifting guidance

Superb videos James. I have subscribed to lots of American videos but its refreshing to have an English man doing it. Keep educating.

I think that people feel life they have missed the boat and it's too late. There is maybe a sense a shame and regret. Thank you for demonstrating that it's NEVER TOO LATE.

Just started Investing after years of struggling. Got 2 business and as well as working full time, so i have been investing in myself. This video gave me massive motivation. Thank you for making it. Subscriped and watching your content.

Many thanks James. Watched this video and have now subscribed. Great advice and content.

I really needed this video tonight. What a great find. I'm late to the video from release but the advice will always be relevant. Thank you

@JamesShack

Жыл бұрын

You've got it!

Thanks for this perspective.

Your videos are so interesting and useful great channel thanks for sharing

The stock market has been a really tough one this past year, but I watched an interview on CNBC where the anchor kept mentioning " TERESA JENSEN WHITE ". This prompted me to get in touch with her, and from January 2022 till now we have been working together, and I can now boast of $540,000 in my trading portfolio.

@wilsonjudson1650

2 жыл бұрын

That's right, getting in touch with a consultant during the pandemic was how I was able to scale through the crazy stock downtrend.

@henryclinton9317

2 жыл бұрын

That's massive. Can you please connect me with your personal broker, I would love to work with her

@dorissteve912

2 жыл бұрын

Like I said previously, her name is TERESA JENSEN WHITE , and you can reach her via her website.

@dorissteve912

2 жыл бұрын

Just run a search on her name, and you would see all you need.

@henryclinton9317

2 жыл бұрын

thanks for the info . Found her website and it impressive

This is such a powerful video! I think this is your best one!

Your like a general counselor as well as your money advice = such a top guy!

This video is so helpful! Thank you

Thank you James. I started investing in my 50's but do not seem to good progess. We are now approching 60s and would like to get back on track.

You made me feel so much better!

Thanks for giving me hope!!

Thanks for making this video!

Great video and wise words for money and life in general

Excellent content and great message!

really useful advice and content as ever James. - thank you.

@JamesShack

2 жыл бұрын

You're welcome as always!

Thank you for this.

Thanks James, i really needed to hear this

@JamesShack

2 жыл бұрын

Anytime!

Thank you for yelling at me. I needed that. And also, my paramedic teacher told the class that everyone should think of themselves 10 years younger than they really are because of how much cardiac has and continues to advance. Life expectancy continues to grow.

Hi James, thanks for this video, super helpful and encouraging. Am sending this to my sister who just turned 50 and is trying to get her head around investing. Just to flag that a discouraging point is a presumption that someone in their 50s has a mortgage (being paid off) and kids out of the home, which is not necessarily the case (in either respect). While it may be ‘probable’, would find it more encouraging to add in the proviso of ‘even if not…’, just because (as you have flagged) it can be so demoralising examining your financial situation, that extra bit of inclusivity can be helpful. Thanks so much for your content, really appreciate the good work you are doing.

Very inspiring video James, thank you for doing this, that really helps

@JamesShack

Жыл бұрын

Very welcome!

James mate, excellent content.. I think it would also be good in future videos to run some modeling & scenarios that if a person invested X amount today ( or in monthly chunks ) in Y funds then based on historic data & market outlook ( the ones which vanguard and blackrock produce for 5-10+ years ) the result will be Z in 15 years ( or longer ) time..... & then compare a couple of index funds based on same criteria ............ I know nothing is a guaranteed return but with some assumptions a few modeling and examples will be interesting to see... great work & great respect for you because of the value you add for us here at youtube and to your clients as well...

Great encouragement

Nice click/view funnel. All good advice. I’ll be implementing some of it soon.

Thank you for this. I'm actually American but I found this such a positive video that I subscribed anyway.

@i.p.freely2501

Ай бұрын

This canadian just subbed too. Cheers!

I'm in my mid-20s with low income，your videos motivate me to start investing and save money for the future

Thanks James for exfoliating that so beautifully. I was certainly one of disappointed and dejected viewer.

More great content James, thank you 🙏

Brilliant video, thanks James!

@JamesShack

2 жыл бұрын

Welcome as always!

Thank you for this video,I just Subscribed ❤

Great video I am 41 and feel like I am so behind ❤️

@JamesShack

2 жыл бұрын

You're not, but you need to make the most of your time now!

This is one of my favourite videos from you. The initial Alice and Ben graph is, as you suggest, astonishing. I felt badly for Ben who seemed to be running just to keep pace with Alice, who was standing still. The point you make a few seconds later about de-motivation holds true. But I felt a real "Avengers" moment when you later moved on to say "You Are Not Alone" [emphasis mine]. Yes, we are all incompetent, imperfect, irrational beings. Few of us have been taught the value of money, the value of investment, or the mysteries of money management. Thank you for publishing those statistics of your viewing audience - it does make me feel as though I'm not the only unqualified chimp in the room! Your channel is providing me with some optimism about planning for a future which is hurtling towards me (I'm 53 years old). I bought my first ever house last June. It's one I'd been renting for six years before. My chimp-like plan was to own it before retirement and either sell it and live off the proceeds, or release the equity in it (while still living in it) or marry a multi-miillionairress. Not terribly useful plans. Not a particularly helpful or optimistic strategy. I'm looking forward to our future financial planning session when you have time to fit me in. Like everyone else here, I need help! Thanks for providing so much of it.

10/10 vid - I'm late 40s so info is VERY encouraging!

@JamesShack

2 жыл бұрын

I'm glad you found it useful!

TY. Felt like I've left too late (51 y.o.). From your vids I feel there is hope.

Hi James, thank you for this video. I am in my late 40s, spent 20 years of my life in academia but was earning and contributing to a pension for some of that time. I am renting still, never bought a home, and am weighing up the option of whether buying is worth it now. I got into investing in my early 40s, but lost the savings I had. I rebuilt my career though and now earn a very good wage, and built up some savings. I do have some of my savings invested, but most of it is just gathering dust stagnating. After doing some calculations on how much money I would need in retirement, I realise I'm way off, so I'm ramping up efforts now to make my money work for me.

@seismic6402

5 ай бұрын

I would say it is always worth investing as whatever you can accumulate will make your life much easier. There are properties available in non-prime areas that perhaps need renovated (for example available at auction). I renovated a flat that I now live in and I never had a mortgage on it as it was a cash purchase. Getting a place to live in and paid off is important, I'll be honest.

Hi James, i fall on your videos by accident when i was researching into starting a sipp & i find all your videos so enjoyable & inspiring, i been investing from the age of 18 & i enjoy doing it, but your videos are fantastic please keep up the good work, happy Easter kind regards John

@JamesShack

Жыл бұрын

Thanks John. I will do!

I’ve watched thousands of finance videos on the internet. This is one of the first videos that left me feeling hopeful and not hopeless. Thank you.

@lolawodjouatt3583

Жыл бұрын

Same here! Thank you for this video, super reassuring

Spot on! I'm 59, just cleared my mortgage, started late on good pension contributions, but will follow this advice. I have a sick daughter I am caring for but still have the space to invest more. Thank you.

Just started my investment journey now at 36 and feel like I'm very late to the party. This video gives me hope, so thanks!

Good advice!

I’m 24 now. Started investing last year. Don’t have a huge income but no debt also. Was amazed to see that I was in the 5% of viewership! Expected 10-15%. Got two separate accounts one for growth and another for dividends but building the dividend portfolio takes a while.. currently avg 30$/month. Def takes time but like he said it’s ur own journey. Personally, struggling with the patience and income

@TheFirstRealChewy

Жыл бұрын

Assuming you progress in your field, You'll make more in your later years, even if some of that is due to inflation. Resist the urge to inflate your lifestyle at the same rate that your income increases. It's fine to want more, bit let your income increase at a faster rate than your lifestyle. This way you can save and hence invest more.

This made me feel better!

Amazing content. Please, keep it up!

@JamesShack

2 жыл бұрын

I will do - thanks for watching !

Love this

Great video 👍🏾...Always good content.

@JamesShack

2 жыл бұрын

Thanks for watching

Got out of debt at 46. Started investing at 47. Now 52 - house will be paid off this year. Hoping to retire at 60!

Great motivational video 💯 thank you Sir 🫡

My parents instilled a great savings discipline in me, but they had no investing smarts beyond bank term deposits and maybe a fixed lump sum in a managed fund. I really wish I knew more about investing 30yrs ago when I started my professional career. Fortunately my work place kicked off a superannuation plan that I have always contributed to, so there is a decent super funded pension for my senior years. But I could have probably been FIRE retired in my late 40’s if I’d taken up active investing in my 20’s. Can’t cry over spilt milk right? The time to start investing for a self funded FIRE is now.

Wise words James- compounding is actually "magic". I started again at 40 after a divorce and am now 53. Maxed out employer contributions, paid as much as i could in AVC's to pay 20% tax. Invested in eqities - non UK and S&P heavy and even successfully timed the market a couple of times - including putting a lot into cash Jan 3rd and back in S&P 27th Jan. I have had to invest a lot and taken a fair bit of risk but should work out that i have options in 2-4 years to think more about how much of my time i commmit to working. Starting even 5 years earlier would have made all the difference. One thing i am going to do for my kids is make sure they start early with pensions and try and get a bit in there for them whist they are still in their early 20's

@JamesShack

2 жыл бұрын

Hi Rod - thanks for sharing! Divorce is a read kick in the teeth. You can be doing everything right and then suddenly you're set back 15 years. It's very hard to pick yourself up from it. But well done for your effort!

I didn’t even know about investing until last year!! I’m 43 and started investing last September. Now I’m excited to see what I can achieve for the future! Keep up the great videos James.

Excellent video mate..very strong and interesting content 💪

@JamesShack

2 жыл бұрын

Glad you enjoyed it

I started a workplace pension in 2003. In 2008, the crash really shook me and knocked a big hole in my small-ish pension pot. I built it back up and have continued to put money in. However, in the last 20 months or so the pot (now 2 pension pots) has lost just over 20% of its value, just as i've reached 5 years from retirement! As you can imagine, i have found this worrying to say the least. After watching this video i can genuinely say i have felt a weight lift from my shoulders. That it's not the end of the world and there is a way through. Thanks, James!

@JamesShack

Жыл бұрын

I'm glad to hear that! Most pension have taken a hit this year. In 5 years time it will look very different!

Thank you. This is a very reassuring video. I've never really thought about money that much and only ever earned an average income but now that I've turned 50 I've become anxious about how I'll manage in retirement. Or even if I'll ever be able to afford to retire. But I have managed to save up around £35k in the last 6 years (one of the few benefits of the pandemic and not having anything to really spend money on, as well as giving up smoking) and after watching lots of videos finally took the plunge and opened a Vanguard account in January where I'm in the process of depositing most of my savings across a couple of funds. I do feel that I've left things late, especially given the gains of the stock market in recent years, but doing something proactive has at least eased my anxieties about my standard of living in retirement.

@JamesShack

2 жыл бұрын

Taking action is the important thing. You're on the move, heading in the right direction. That in itself feels GOOD!

I like this vid... I think that you will only feel confident investing when you have acquired some disposable income, I never really enjoyed investing until all the usual stuff were sorted i.e paying for kids, owning home, educational pursuits etc. and I never really enjoyed big jumps in salary. My mindset at a early age was I do not earn enough to be able to risk the ups and downs of the stock market, but as soon as I acquired some disposable income I was flying..

@JamesShack

2 жыл бұрын

Very true!

I started of well with setting up a personal pension and PEP when I was a freelance designer aged 25. I had a few years of regularly investing then life got in the way in my 30s with £10K a year on childcare. I’m now 48 and while I’m glad I started when I was 25 but wish I was a bit further along in investing but with a main job and a good side hustle that’s being going 4 years I have a bit more to invest and I think I can get myself in a good financial place in the next 10 years or so. I really appreciate the content you create and this video in particular gives me a reminder that my situation isn’t unique

@JamesShack

2 жыл бұрын

Hi Nick, thanks for your comment. I think 25% of the people who watch this video will be in your situation. We’d all like to be slightly further ahead, but hey that’s life! As a designer I imagine you could carry on working longer but part time? Finishing a ‘lifestyle job’ works wonders later on in life.

@nickdinnen4667

2 жыл бұрын

@@JamesShack yes I hope I’d keep working a long time part time. I create a lot of illustration and it’s inspiring to hear of illustrators still being productive in the their 80s or even 90s like Judith Kerr.

Good job. 40s is the best time to start investing!!!

Great videos 👍🏼

going to turn 47 this year. Lucky enough to have a DB pension that will currently pay me £13k in retirement. added to state pension, that just about covers my needs. last year I bought two cheap houses to rent and this provides a decent yield of around 8%. I only started thinking about retirement last year (hence the property purchases) but have never really saved and invested. I now have a small SIPP that gets £1200 a year and an investment product with high risk with another £1200 going in a year. None of this is mega money, but allows me to sleep peacefully knowing that, bar any significant changes, I shall be sorted in retirement. both my kids (18 and 22) have SIPPS and investments so I now invest vicariously through them. I consider myself very lucky. still have monthly mortgage to pay as well as all the increasing bills, but these are covered by salary and income from rentals. Thanks for the vids James.

What sets James' content apart from any other financial-based presenter is the emotional wealth I find myself gaining from watching. There is just too much to say about how fantastic this video is to fit in a comment box, but wow. I will get up from my home office chair with a spring in my step knowing I am doing pretty good because I am not in competition with Alice, or Ben 🙂 Thank you James 👏

@JamesShack

9 ай бұрын

What a fantastic comment! Thank you very much, and I hope you have a great weekend!

Great video, very motivating for us norms who didn't get into the FIRE movement in our 20s (hats off to anyone who did/has btw). I'm 40 and only been doing any serious financial planning for the last couple of years. Still plenty of time to get some of that sweet compound interest.

@JamesShack

2 жыл бұрын

Exactly, plenty of time.

Brilliant and comforting video James. It’s good to know I’m not alone. For myself my mortgage will be paid off in a few months fingers crossed and then I will have more disposable income for investing.

@JamesShack

2 жыл бұрын

Thats when the magic happens!

I am 44 years old, and only started getting my financial house in order this year. Up to that point I had never budgeted, and let myself slide further into debt every year. Now I have a plan to be out of debt in 2 years, and start actually saving for my future by 46. I don't know if I will be able to retire at a reasonable age, but my chances are better now than they ever have been before.

I would suggest that you share this knowledge with your children so they can make an informed decision on pensions and investments, I have and have the youngest with a pension at 19 and a Stocks and shares ISA.

Really enjoying your videos James. Could you make one about how to choose between investing in an ISA vs a SIPP please?

Great content James, it's only now in my fifties that I've been able to double down, and put the UK max £40k/year into my pension pot, I wish I could have done it earlier, but I couldn't afford it and perhaps I didn't have the knowledge 20+ years ago to start doing it then. I hope I don't run out of working years, before the pot is enough. Thx

This is brilliant I am 64 and looking at vanguard. My current pension income is already 1900 per month but I need more.

The best pieces of advice I've picked up from James are in the 3 simple rules video - know your own risk tolerance; understanding what risk really means and your window to invest is much longer than you think. To be honest none of this was new but it has given me the confidence to act when i was starting to go rabbit in the headlights mode!!

@JamesShack

2 жыл бұрын

That's great to hear Chris. All the best!

@chrishayward4649

2 жыл бұрын

@@JamesShack no thank you.

James, thank you for sharing your expertise. Your content gives me hope, as I approach my fifties, and keeps me on track, too. Keep up the great work, please!

@JamesShack

2 жыл бұрын

Great to hear Stephen, if you keep it up I will!

I really like your channel. Never heard of an ISA until I was 36 and make good money. Now put £1666.67 pcm into my S&S Vanguard. Up to £8k already and loving watch it grow. Roll on early retirement.

@JamesShack

2 жыл бұрын

It's as easy as that - just contribute each month - and let it do it's thing.

This was a very reassuring video, thank you. I'm 30 and still don't feel confident to start investing. I am looking at lifetime stocks and shares ISAs but I just don't understand the fees. Everyone says be careful of the fees, but I can't tell which one I'm supposed to go for 🤷🏼‍♀️ I feel like I need to make a decision this month before end of financial year but worried I'm going to choose the wrong provider

@calarthur

2 жыл бұрын

I think with a LISA AJ Bell are a good bet for cheap fees. However the fees are more expensive than a standard stocks and shares ISA so I personally haven't opened one. I'm with Vanguard for my ISA and would recommend them, search KZread for people talking about their global all cap fund or their VWRL ETF (people like making money simple, Nick JM etc). Hope that helps. I'm sure James will add something here to help too!

@gingermattb

2 жыл бұрын

If you just want to ensure you can contribute your £4k max this tax year (21/22) to get the 25% government top up, don't worry too much about which LISA provider you choose initially - you can always change it in the future and your previous investments will be transferred across. I am too old to have needed to do research into LISAs, but from a quick glance AJ Bell, HL or Nutmeg all have decent looking offerings with manageable fees, although all LISAs seem to be higher cost than standard S&S ISAs.

@megangullam7101

2 жыл бұрын

@gingermattb thank you for taking the time to reply, that's good to know that I can move it if needed. It is just the choice of provider that's holding me up really. That along with the fact that I will be handing over a chunk of cash and not see it again for 30 years. I understand its the sensible thing to do because of inflation, but it feels very strange!

@megangullam7101

2 жыл бұрын

@Calum Arthur thanks for replying Calum! I've tried to speak with friends and family to compare what they do, but no one even knows what I'm talking about so it's great to hear another opinion. I'll look more into Vanguard. I had thought maybe I should max out the LISA this year and then look at another ISA to go alongside that. Not sure whether it's better to have all my eggs in one ISA or have a couple on the go 🤷🏼‍♀️

@gingermattb

2 жыл бұрын

@@megangullam7101 Like I said, don't let analysis paralysis take over - you will lose far more by vascillating on fees and not investing your £4k this tax year (and therefore not getting the free £1k from the government) than you would through getting it in by April in an account with slightly higher fees. Just select one of the ones listed above (there are probably other good ones too, Which? did some analysis recently too I think) and get it in before the April deadline to ensure you grab Boris' cash! PS - Vanguard don't do a Lifetime ISA at this point so you can cross them off your list, though I do like and use their S&S ISA offering.

You are the only one that you are competing against - love it

@darrencurnow887

2 жыл бұрын

Age 44 started around 5 years ago proper. Was saving 50% then 40% now 30%, as circumstances changed - my pension needs to support two, I hope I’ll get there. Love the videos, especially the ones that engage the brain to rethink.