Hi - I'm David Stewart.
In the summer of 2018 I decided I didn't want my professional and working life to dominate the next 30 years.
This idea was due in no small part to the arrival of first child and new born son who completely change my perspective on life.
I realised I wanted to be free of the 9-5 lifestyle - to spend as much of my time doing the things I wanted to do with the people I love and I would achieve this through earning more money with passive income, investing and making every last penny work hard for me.
So if you are interested in side hustles, savings, investments, making extra money then why not join me, and subscribe to my channel for useful conversation, practical information, challenges and real actionable tips and tricks on how to maximise your income and lead a life of financial joy?
I post content (at least) weekly and sometimes more often that that, so there is always something fresh to watch.
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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.
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.
@@CharlesBenjamin-q 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
@@chantel-h1r My advisor is VICTORIA CARMEN SANTAELLA;
You can look her up online
@@CharlesBenjamin-q 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?
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.
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.
@@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
@@magen-b7n My advisor is VICTORIA CARMEN SANTAELLA;
You can look her up online
@@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?
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😊
@@malcolmbirkett1347yep, if you are happy to self manage your portfolio, t212 is a very inexpensive and efficient platform. One of the best 👍
Hi, does Invest Engine have delay in buying etf? And how long it takes for withdrawals
@@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.
I have a number of pies with duplicate stock at different percentages. Is there a way to get a list of stock in each pie generated as a document. The only document you can generate that I have seen is a list of all holdings. Thanks.
Hmm... Not sure about that one. Not sure that is possible right now.
100k is hard, but 1M is harder :(
Got to start somewhere 👍
@@PrettyPennyClub completely agree. I got very excited when I hit 100k, but then creeping to the next goal of 300k or 400k is not bringing the same satisfaction and joy as it did when reached the fist 100k. I guess 1M mark will make the difference.. but then it will be bigger goal...
@boyan.manahilov it is funny, that. It's like anything, it's very exciting at the beginning and then becomes a bit of a grind. Might make a good video that one... 😁
Are plans for an update on this video?
Could certainly do that.
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
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.
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!
A valid point. Practicality of reporting is often overlooked 👍
You mentioned tax if held outside an ISA. Would that be Capital Gains tax, so £3K allowance or basic/high rate tax so £1K /£500?
Everyone's tax situation will be different, but capital gains is certainly one consideration 👍
@@PrettyPennyClub Hi, thank you for your prompt response. It is very confusing, as a Google search has highlighted money market funds are classed as interest... whilst another search has highlighted Capital Gains applies? So in order to Invest, we need to know exactly, which I don't think the fund details state. Frustrating when we want to do the right thing by the tax. Any advice for the community in what you have found?
@SootheSound i never put out advice! I'm not formally qualified in any manner shape or form. Any kind of earnings from money market funds are taxed in a similar way to interest on cash accounts, but every individual will have a unique tax situation.
@@PrettyPennyClub Hi, and thanks again. Forgive my use of the word 'advice', I've heard the FSC is coming down hard of Creators in this niche regarding 'advice'. Which is something we have at work where we don't 'train' people, we 'familiarise' them, as less legal connotations! 😁 Thanks for your personal view, which I will not use to guide any investing or personal decisions I may/may not choose to make upon post hearing it in an informal context... 🙂.
@SootheSound haha, it's not about that. I'm not an expert, and never have been. I just like to invest.
Investengine is great so I recommended 2 people to IE months ago, uptil today neither me or my recommended persons have received any of our Bonuses !! Msgd many time but no answer, not sure if I want to invest anymore, gonna look into 212.. has anyone else had the same experience ?
this is noce video but what is your suggestion what is alternative of Etoro copy trading?? suggest atleast 5 please.
What are your first thoughts on it?
If you think you will hit more than 85k invested in the next few years then wise to have an ISA with both then you're covered by fsca if one goes tits up.
Yeah, no harm spreading it around
I agree with your distinction between the two. But either lifestyle crosses the line when it inconveniences other people. And if does, those inconvenienced have the right to say something. No right to voice their opinion simply because you brought your own snacks and water on a trip.
Like this approach nothing like experimenting with cash to find out how they deliver. IE would appeal to newr investors personally i like a fund with a low TER and sometimes sit a same sector quality factor ETF alongside for comparison. Currently testing out T212 with regular investment as well to see if i can set up a portfolio I am happy with and maybe transfer in from a more expensive ISA.
T212 is a good choice. I use it. Simple ETFs and a few individual holdings. Thanks for watching 👍
I am trying them both on to see how we find the ease of investing costs and choices. Thus far IE has been the most straight forward though I do like the T212 cash ISA option. I have funds with both Fidelity and Vanguard and am considering Transferring out eventually. Though no platform will see more than the 80k that's guaranteed. What are they missing? Well though I don't qualify but a Equity LISA/ help to buy would attract newer investors. I have found that with T212 you can find yourself in a fund that is priced in a foreign currency so a filter would be good. Interestingly you don't seem to push a referral code .
This is called business. WHERE YOU FROM
Hello Sir sorry to bother you again ...and hope you are well. I have registered on Trading 212 and looked up few stocks but something is not clear foe me at all. Next to some stocks on the left hand where is the currency sign, $ or £ or Euro etc, has no currency sign at all for them on the left hand side just a "p" letter. What that "p" letter means? Points? And the stock has no price? Is it safe t buy that stock? Little bit weird for me as never seen this before.... thank you for your help!
I suspect it's pennies. E.g. 106p would be £1.06. where the stock is listed should indicate the currency. I think I'm right in saying all that.
@@PrettyPennyClub no the "p" is before the number for example p465.6 like at the Rolls Royce RR stock. No idea what does that mean...
@@suttyotolvajfideszbanda5983 Yes, that's pence. Look up the stock on google or similar and you will see
@@PrettyPennyClub yes you are right it is pence.... "Why are stocks in pence? Shares are traded in pence on the LSE instead of pounds because of the decimalisation of GBP in 1971. At the time there were very few companies with share prices over the £1 level. So share prices were quoted in pence to offer brokers and investors better pricing.11 Dec 2023"
@@PrettyPennyClub thank you Sir!
Yes, separate ring fenced funds good point... I appreciate the reassurance/your opinion on this, cheers!
Nice video thank you. But do we think investengine will last based on its losses? (I hope so, but it is a worry)
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
@@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!
@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!
Hello David. Firstly thanks for the time you have spent on this. 1. Did you move to T212 or do you still use IE for your 2024/25 S&S ISA? 2. Are we able to ‘copy’ your portfolio on IE (does it have that facility? 3. Would be great to see your entire holding range across all your funds. 4. Did you whack in the whole £20k at the start of the FY? Or do you drip it in?
1. Can use both. You can now split you ISA allowance across as many platforms as you want. 2. No, can't copy it. You can see the allocations, but not copy it as such 3. I'm probably not going to get into my entire investments. The internet has too many over-shares as it is! 4. No, I don't have that kind of spare money to drop 20k at the start. I would if I could, but I just invest as and when I can Thanks for watching
What do you think about Nasdaq 100? To risky to invest into ?
It's going to be more volatile than other indices. Fewer stocks means less diversity, but, as ever, if it lines up with your goals then it could suit just fine.
@@PrettyPennyClub cheers mate really appreciate it<<<<<<-----
Brilliant! Not much advice on investing in the UK nice to have someone cover this for a change, thank you.
I'm not giving out advice! Just telling folks what I do. Sharing ideas, discoveries and so on. Thanks for watching 👍
You never said who was the best one.😂
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
I looked into becoming a popular investor but what etoro pays is dismal, unless you have 5M plus followers. I will just manage my own money without the headache of complying to their rules.
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?
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
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
Dear David, grow a jawline. You don't have to daddy people that are too dumb to think. It's okey for a brokerage to make money. People are allowed to have access to profitable investors without signing up for a 10K minimum investment fund that ratio's your ass. Thank you for exposing this non-issue in people's lives.
You're welcome. Thanks for watching, but I wonder have you missed the point. Quality insults, tho 😁
What's the difference in foreign exchange fees between the two?
Investengine doesn't offer international ETFs so no exchange fees to consider here. All available to buy in ££££s. Aimed at UK only, really.
Invest Engine is very smooth and awesome
It's an excellent product. I hope they get more traction because its all that people need in my opinion. Simple and effective
Well some of them have better performance than cathy woods and bernie maddoff... Thats how the market has worked since the beginning.. all brokers works the same.. etoro bussiness model for me is even better than robinhood who is going to sell your trades to big firms
Bernie Madoff! Lol. That's a leap 🙂 So many people missing the point on this video. I'll have to do another one. To address your point nobody was complaining about Wood when she was flying and there are certainly cheaper platforms to invest in.
Why do you invest in 6 different vanguard etfs?
Historical mostly... I've just let them be. These days I pretty much put my money into VWRL as a single ETF.
What is your favourite etf, is it vwrl or visa ?
Vwrl. Vusa is too concentrated to invest in it solely, for me.
I have an ISA with Vanguard UK and I wanna like them more (havent had any issues with their CS) but their site is a bit odd to use. Normally I hardly notice it when I rarely visit it but sorting out some consolidation of funds and new trasnfers reminded me of that fact. And I cant see how not being able to buy partial ETF shares is helping them anyway. IE and T212 might count as newer, smaller, less reputable etc but they sure did their homework on their sites and apps interface.
I absolutely agree with everything you say. I think vanguard have gone a bit stale and need to refresh to keep more customers coming who might be attracted to these new apps.
Worth mentioning the 5.2% interest rate on your cash balance and waiting limit orders on T212, that is a nice bonus!
Agreed. Although the 5.2% comes from money market funds as I'm aware. Not quite cash, still invested
Great video. Re you thumbnail: what’s the conclusion? From your experience : which of the two reigns supreme??!
Hard to pick. Probably T212. It's more mature. Got more in it. But investengine and their ethos appeals to me greatly.
@@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.
Yep, IE does offer decent, and cheap managed solutions. Could be a good fit for you 👍
I have ISA in both platforms but my choice is with InvestEngine. Its user friendly interface attracts me more. I don’t buy stocks, I’m kinda person investing in ETFs. I also opened SIPP with InvestEngine. It is better to track all in one platform. I have JISA in HL as it is completely free but if InvestEngine open JISA, I can move it to IE from HL.
I like InvestEngine too, that's where I kept my ISA the last two years. Simple, no-nonsense and I like it that they are quite a focused platform in that respect. I also have an ISA in T212 from before and Vanguard
@@PrettyPennyClub brilliant 👌🏻
Thankyou
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.
Interesting. Of course, you don't have to invest fractionally. What platform do you like to you use?
@@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.
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.
I like InvestEngine, but Trading 212 is on another level. T212 hands down.
The most fully featured app there is, imho
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.
@dynasushi840 yep, that's true. Certainly takes longer on investengine
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 👍🏻
@@marcwestby8343 Vanguard does seem a bit behind the times. High quality sustainable business though. No frills platform for sure.
Trading 212 hands down!
Certainly a popular pick! If you didn't want individual shares... would that change anything for you?
@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 😂
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!
Your argument is definitely somewhat correct. If I owned a business like eToro, I might take advantage of those who aren't savvy enough to avoid squandering their money on some popular investor. Based on my experience of using eToro for five years, I've found copy trading to be profitable, increasing my money by more than 50%. I tend to use other people's knowledge to my advantage. Overall, I would say eToro is a good platform. This video is meant to raise awareness for those who don't adequately assess the risks with their investments. For those watching this video, please consider using eToro, but do so carefully. Assess the popular investors you want to copy. Look into their vision, ideology, strategy, and portfolios to make informed decisions and do no just rely on stats.
Hello 🥜 Focus on video editing. It is quite low, edit in good style. Because it is very important in your video.
Agree at heart. 🥬
Definitely yes 🍏
Yes, video editing is definitely low. 🍇
Must cost you a fortune in fees
Er... Not really no. What do you define as a fortune?
I went through a lot of financial crisis after my divorce, I had to raise my two kids alone, Currently I'm living smart and frugal with my money. Bought my second house already. Saving and investing lifestyle made it possible for me; even till now I earn monthly through passive income. I'm planning on retiring when my kids finish college,just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video!
Great stuff! Thanks for watching and sharing your story 👍
Nice one,any investment tip? I would love to know how you made it this far
I strongly recommend Regina Louise Collaro, a reputable US-based financial advisor and consultant. Through her collaboration with an international organization, she has provided invaluable guidance and support on my financial journey until I reach my goals. Choosing the right financial consultant is vital, akin to finding the ideal life partner, as both profoundly influence your life's direction. I am thankful to have found such an excellent financial consultant who has aided me in accomplishing my financial goals, spanning from education to nearing retirement.😊
I value your recommendations. It's challenging to locate a trustworthy person. I could really use your investment advisor after seeing how much money you've made through investing. If you don't mind revealing her information, that is.
Alright, you can easily find her information by doing a quick 🔎 search. Feel free to reach out to her directly with any questions you may have.
All companies in all industries all follow the money .. fees and charges, commission , affiliates etc etc
You like etoro? Not sure of the point you are making
Video Editing is too low 👎👎👎👎 Edit the video in a good style. Add nice b-roll animation when you are speaking or explaining something. This will increase visualization. Put proper subtitles, effects, transitions, and colors in the video. Insert the B-Roll (footage and animation) very well because it is absolutely low in your video. Do all this and then see how the video doesn't turn out good. 🍷
If someone says that video editing should be enhanced then I also vote "yes" 🥄
In my opinion, more attention should be paid to subtitles, transitions, effects and B-Roll. I mean do subtitles, transitions, effects and B-Roll properly. 🍁
You guys are saying this today, right? I have been saying this for several weeks now that you should improve your video editing. 🌳
Video editing score = 200/100 😊🤣🤣🤣🤣🤩🤣🙃🙃🥳🥳💍
It's been an amazing year for me. I bought $WSM a year ago and its gone up over 160%, I bought $PYPL in the low $50s and assuming they beat the next four quarters I could easily see it in the above the $100 range and that would comfortably put me in six figures. I tell you I put in all the research and buy a crap ton of a company and then I just forget about it until earnings come out, whenever I check the price every day it doesn't move. I don't check it for 3 months and it'll go up 20% in a week. It's funny how that works. I was this close to wiping out my entire £VUSA holding and dumping it all into $PYPL but I only wiped out about 33% of it. I remember leaving a comment on your video "Index funds are for losers - You Suck!" a year ago about $PYPL being the opportunity of the year. I'm waiting for either Cerillion or Coparts to hopefully drop at some point and alongside new money in the new tax year I might just transfer it all into one of those. My pension is basically 100% S&P 500 so I feel comfortable with just not having it in my ISA but we'll see, this market keeps going up which makes buying opportunities harder. Biggest regret is not buying $Meta sub $100 because I psyched myself out. I lost out on £75k there. I kick myself about that less now though, another opportunity will come along at some point. When I first started investing and I didn't know what I was doing I held Unilever. It did literally nothing for 3 years and once I figured out how to look at financial statements and read financial reports it was so obvious that business is poorly run and stagnant. I got out with an insignificant profit due to dividends but it was a great decision to get out of it and I'm glad you have as well. It's really disappointing how badly a lot of UK companies are run, management are pathetic. Fundsmith wrote a damning letter to their management and they still haven't listened.
Sounds like things are going well for you. Hope it continues. I'll continue with my ETFs and enjoy the lack of effort it takes me 👍
@@PrettyPennyClub As long as you get near to maxing out your ISA you'll retire a millionaire. I just want to get there faster so I'm fine with the research, I enjoy it. Funniest moment was watching the last Paypal earnings call and watching in real time as the CEO spoke the stock fall 10% in one second.
Very helpful video. Thinking of moving to an Invest Engine ISA after the 6th April. Is your own, self-made portfolio on IE performing better than the IE managed portfolio?
It is compared to the managed portfolio I was offered. The managed portfolio offered is based on how you answer questions, so it could be different for everyone. I try to keep my self managed portfolio simple and it has worked well for me. There will always be peaks and valleys.
@@PrettyPennyClub Ok thanks, so despite being on the most aggressive managed portfolio it still performed worse than your self-made one? I would love to find out the annual returns on the managed portfolio funds but as they are so new I guess this info might not be available yet.
It will all depend how those stocks in the managed performed over that short space of time. There is no right or wrong answer, really
Do you run a SIPP alongside your ISA holdings David?
No SIPP here. I have a workplace pension, so that will do me pension wise for now.
Looks a good platform. Easy to navigate etc
Yeah, not bad. It's got some way to go to compete with the established apps here in the UK, particularly, but worth keeping an eye on.