They won’t like people saving too much they have their eyes on everyone’s ISAs already wouldn’t be surprised if they retrospectively made ISAs a taxable vehicle
@itsyou.3 сағат бұрын
I have a question which might be a very simple point but is proving to be a block in my learning at the moment - why is it that when we are buying at $445 per share and selling at $441, we are making a profit as demonstrated in this video. Should it not be that we sell at a higher price, than what we bought at, to make a profit? I am a complete novice to the stock market and I am learning alot at the moment by watching your videos. Thank you so much.
@salinagauntlett4 сағат бұрын
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
@mirchimome4 сағат 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
@ReuletRikki4 сағат бұрын
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
@lapetiteblonde4 сағат 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.
@DavidBishop-y8m4 сағат бұрын
I'm new at this, please how can I reach her?
@sole27ore4 сағат бұрын
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
@Major_Positive7 сағат бұрын
Let’s go $TSLA. What you thinking about it all Mitch?
@MitchShoesmith4 сағат бұрын
I'll continue to hold - I still think it's a sound long term play.
@Major_Positive4 сағат бұрын
@@MitchShoesmith been here since your first vids, holding through the ups & downs 🙏🥲 $260 soon or a retrace settlement @ around 200/210. Either way, lovely to see as an investor, thanks for the videos as always.
@MitchShoesmith4 сағат бұрын
@@Major_Positive ahh I appreciate the support, thanks so much! $260 would be nice, looks like it’s up another 0.9% pre market today too, closing in on the $250’s! 👌🏼
@CliveBirse10 сағат бұрын
At 56 I already own shares of PALANTIR, TSLA, NVDA and APPL as well. Sure, I don't mind having these equities sit around for a while, but I'd also like to appreciate short-term opportunities that could fetch $200,000 or less..
@ThomasChai0510 сағат бұрын
If you need advice on short-term investments, consider speaking with a financial advisor. They have a lot more knowledge and expertise in this area.
@mariaguerrero0810 сағат бұрын
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.
@mikegarvey1710 сағат бұрын
@@mariaguerrero08Impressive can you share more info?
@mariaguerrero0810 сағат бұрын
Her name is. ‘GERTRUDE MARGARET QUINTO’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@diane.moore-9 сағат бұрын
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
@mohammedminhazalmahboob890412 сағат бұрын
What are we saving for?? I’m a strong advocate for investing but you must enjoy your wealth and hard work in case you die - like what’s the point?!
@maul594916 сағат бұрын
Brilliant video mate, just curious, do you have a reason you dont hold the S and P 500 in 212? Im holding a small amount and plan to increase the position monthly for many years to come, if you have a reason for leaving it separate from 212 please tell me
@MitchShoesmith16 сағат бұрын
@@maul5949 hey, thanks! I do have a holding in the S&P500 in Trading 212…
@johnchoice137118 сағат бұрын
He's not going to be a popular prime minister if he just wants to raise taxes. Why vote for a raise in taxes??
@pikswarrior18 сағат бұрын
I was looking for video like this since last year finally I found one thanks for making video and it’s all explained very well and understandable for new people like me in investing 👏
@pompidoos489121 сағат бұрын
looking at the stocks you chose - it's just pretty much the bigget companies. no real thought or investigation into any. only thing i can gie you credit for is consitency.
@MitchShoesmith21 сағат бұрын
Bold assumption, and it’s entirely inaccurate
@Door198923 сағат бұрын
I have a question - The stocks and shares ISA has a tax free amount of 20k. At the end of the financial year, do you leave the 20k in there and then work towards adding another 20k on top of it...or do you have to open another one up
@garycroft8213Күн бұрын
Interesting video, however at £100k income you need to consider tax effeciency and planning. Pension is hard to beat at the 40% tax threshold. In addition once you have £500k/£1m individual/couple of assets outside a pension you are in scope of IHT. Perhaps morbid to think about, but having a 40% risk on excess is worth thinking about. Also as you get older it can be harder to pivot assets from inside estate to pension. Personally I'd like the government to increase IHT and just include a pensions component to simplify, but now there is no pension LTA this majes pensions a tax planning tool, although arguably it shouldn't be. I've seen on your other video that you have £160k, but with the way you are accumulating, you could have an IHT problem yourself in the next 5-10 years!
@MitchShoesmithКүн бұрын
Yeah it’s a super important point, something I haven’t really thought about if I’m honest at this point! I’ll need to do some digging on that as the years roll on
@garycroft8213Күн бұрын
@@MitchShoesmithI was the same, though one day my wife and I noticed we had "accidentally" become technical millionnaires, not that we live that lifestyle! It was more because our properties had appreciated, the mortgages were paid off and our ISA's grown, along with some winfall money due to redundancy and then taking on more lucrative work. In fact we both asked our parents to disinherit us and leave it to our kids, as we didn't want a bigger "problem". Most of our money now goes straight to pension and will probably stop that in a few years too. Looking to work less and now live more. The concept of living life with 40% off I think is apt once you hit the UK wealth wall!
@TROZJANКүн бұрын
Still on look out for compound calculator you use can you point me right direction to find it
@MitchShoesmithКүн бұрын
Hey, here is a link: www.google.com/search?client=safari&rls=en&q=compoundcalculator&ie=UTF-8&oe=UTF-8
@TROZJANКүн бұрын
Quick question if got cash isa does that still gain 5.2% AER even if your not invested yet no not even wanting to invest as I have my cash inside high yielding saving account at 4.55% yeah I’m I noob at 43 starting planning to save for retirement better late than never still got least 20 to play ball mortgage 60% paid off last 5 year as well as started an AVC pension scheme to run along side my Strathclyde pension.
@MitchShoesmithКүн бұрын
Hey - with Trading 212 there are two ways to generate interest on cash. 1 is through your stocks ISA, where you can get the 5.2% interest on uninvested funds, however these funds aren't protected by the FSQS due to Trading 212 having the option to put the money into something called a Qualifying Money Market Fund. However with the cash ISA, which is separate to your stocks ISA, you can earn 5.2% on the cash which is protected by the FSQS as Trading 212 hold it in cash (well bank deposits), and you can then withdraw it, or transfer it to your Stocks ISA at any time.
@TROZJANКүн бұрын
How’s dividends work sure heard there a way so the automatically get re-invested
@MitchShoesmithКүн бұрын
Hey - couple of points to touch on. If you invest in an individual stock, the dividends are paid in cash and appear in your free funds in your investment account for you to reinvest or withdraw. However if you invest in a ETF, like the Vanguard S&P500 ETF, you can choose the ticker symbol VUAG which automatically reinvests the dividends, or the ticker symbol VUSA which distributes the dividends in cash. Both funds have the same exposure, they just treat dividends differently. There are other funds that offer this but you'll have to check based on which ones you're interested in investing in. Hope that helps!
@TROZJANКүн бұрын
What’s that calculator you using where can I find it
@MitchShoesmithКүн бұрын
Hey, I think its this one: www.google.com/search?client=safari&rls=en&q=compoundcalculator&ie=UTF-8&oe=UTF-8
@barman8375Күн бұрын
Really curious what is your total profit/loss? Can you please share it to us 😊
@MitchShoesmithКүн бұрын
I can but it’s kind of all there to see really, I don’t really sell any of my holdings, I’ve sold a couple in the past, 1 bad one and another couple which I wanted out of to reallocate the funds, but all my profits for the most part are technically “unrealised” and it’ll stay that way for many many years yet
@AzzieTheGamerrКүн бұрын
imagine having a big pension like that and have the government take 25 to 40 percent of it when u retire and by time u do retire, they'll take it all or you will never retire.
@TROZJANКүн бұрын
Do a drawdown pension take percentage whilst it still grows as well as taking part of your free 25% free tax
@elliot7205Күн бұрын
What do you think about investing into BP?
@danielnewell9428Күн бұрын
Is there any Update on the allowance of fractional shares in Uk stocks and shares ISA ?
@MitchShoesmithКүн бұрын
Hey Daniel, here’s an article from a couple of weeks back, worth a read: moneyweek.com/personal-finance/savings/will-government-allow-fractional-shares-in-ISA
@busterprentice38872 күн бұрын
Anyone else catch that smaller clip? 😂
@0casey9632 күн бұрын
Mitch, thank you.
@dannybowes6462 күн бұрын
That Tesla price target is a absolute joke ! I wish it was true but clearly isn’t. If it’s market cap is 2.5 trillion by 2030 I will be happy
@MitchShoesmith2 күн бұрын
lol yeh me too Danny 😆
@babyfreezer2 күн бұрын
Great work, i have a similar portfolio but I'm living in my property instead. How do you have such an amazing rental yield? its almost 9% per year for that cost. Which area is your property in?
@MitchShoesmithКүн бұрын
Hey - thanks! It's North Birmingham, but in a fairly affluent area so rental rates are high, however I would caveat that by saying whilst the yield is great, actually monthly profits on it now aren't anything to shout about due to rising service charges (up 30% in a year!).
@erikyanez53712 күн бұрын
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer
@Charlottehornets42 күн бұрын
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
@Jessecote8752 күн бұрын
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
@Rodriguezpaul-92 күн бұрын
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
@carolynvo78022 күн бұрын
I'm new at this, please how can I reach her?
@Josephbasta8272 күн бұрын
Most people are retiring this year and has nothing to show for. But I assure you it’s never late to get your financial life together again.. All thanks to Natalie Strayer for I and my family
@lionheartministrys39332 күн бұрын
Remember its about denying the flesh so that youll reap Financial blessings to your offspring. Jesus is King.
@nwachukwuchionyere2 күн бұрын
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...
@KimberlyMargaret2 күн бұрын
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@nwachukwuchionyere2 күн бұрын
@@KimberlyMargaret 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
@KimberlyMargaret2 күн бұрын
@@nwachukwuchionyere My advisor is Victoria Carmen Santaella
@KimberlyMargaret2 күн бұрын
You can look her up online
@christianalawal36952 күн бұрын
@@KimberlyMargaret 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?
@wizkid012 күн бұрын
The interest we are paid in the cash ISA, are we able to transfer that interest each month to the stocks ISA account, would this be possible?
@MitchShoesmith2 күн бұрын
yes absolutely
@basilthedog20432 күн бұрын
Great video as always Mitch! Where do you stand on Mortgage overpayments? Is it better to funnel money through stocks/ETFs, simply save the money in a high interest ISA, or commit to the 10% mortgage overpayment each year to offset your term and interest?
@NJBower922 күн бұрын
I put the code in but I haven't received any free shares 😮
@divyv203 күн бұрын
Hey Mitch , I have send you the email you haven't replied yet ?
@MitchShoesmith3 күн бұрын
Hey, apologies, ive been up against it the last week, I’ve just replied now!
@mirchimome3 күн бұрын
I lost over £80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least £10k profits weekly. Thanks Charlotte Miller.
@jadewashington73 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
@mikesnoek3 күн бұрын
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
@ReuletRikki3 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.
@lapetiteblonde3 күн бұрын
I'm new at this, please how can I reach her?
@ArashHildeman3 күн бұрын
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
@nealremy66353 күн бұрын
I know at some point a bull market ends and a bear begins, it goes on and on....I have a 7 figure ballpark goal and I intend spreading across maybe 50k - 150k on plummeting stocks, my question is how can I know when a market bottom has been reached?
@OutForABlast3 күн бұрын
$58b at 5% is $2.9b not $29b. Thanks and keep the great videos coming though!!
@MitchShoesmith3 күн бұрын
Thanks! Ah man I must’ve typo’d my script and didn’t pick it up in the edit 🤦🏼♂️
@MavenSly-hv4yk3 күн бұрын
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
@MavenSly-hv4yk3 күн бұрын
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
@NianLisa3 күн бұрын
bitcoin does not pay any yield but will reward you with growth that you can't find in any other asset class
@jeffbox1torres3 күн бұрын
look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying
@DannielleRosales3 күн бұрын
The key is diversification. Personally, I delegate my investing to an advisor, cos my job doesn't permit the time to perform market analysis myself. Thankfully, my once ago stagnant portfolio has now 5X in barely 4 years, summing up almost 7 figure as of today.
@BestoFornitero3 күн бұрын
Lately, I've been researching advisors, but the market updates I've encountered haven't been very positive. Who's your guide?
@DannielleRosales3 күн бұрын
Can't share much here, I take guidance from Evelyn Infurna a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
@SixTimesMrOlympia3 күн бұрын
Hello. Do you have any thoughts on any India etfs or the brics nations? Would it make a difference if I invested a lump sum every April vs smaller amounts every month into an etf? Do you have any gold/sliver as a back up?
@realist.network3 күн бұрын
Hi Mitch, on your Vanguard portfolio overview screenshot, I see VUSA, but when you discussed depositing more in March 2020, there was a screenshot of VUAG. Did you invest in both for this ISA, or was the VUAG screenshot an error?
@watchdoguk74723 күн бұрын
50k in 7 years 😳 something is missing Bro . I think your portfolio isn't diverse enough and don't have the following, 1.High Dividend yield 2.Lower Dividend payout ratio 3.Consistent Dividend growth rate 4.Stability and performance 5.Solid share prize appreciation So you need to look back at your portfolio and change things. I've been investing 10yrs now and I've 120k portfolio 🤷♂️
@CameronFussner3 күн бұрын
Thanks Mitch. I'm planning to invest $150,000 of my savings into the stock market to capitalize on the recession. What is the best investment strategy to use?
@fadhshf3 күн бұрын
The market is wild right now! Whether you're a newbie or an experienced investor, I believe everyone needs an advisor at some point to thrive.
@LucasBenjamin-hv7sk3 күн бұрын
As a contractor with limited time to analyze investments, I've relied on a fiduciary for the past seven years to manage my portfolio. This strategy has helped me navigate market fluctuations effectively. You might consider a similar approach.
@hasede-lg9hj3 күн бұрын
@@LucasBenjamin-hv7sk I'm seeking guidance for my portfolio management. could you refer me to your advisor
@hasede-lg9hj3 күн бұрын
@@LucasBenjamin-hv7sk I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
@leojack90903 күн бұрын
I'm seeking guidance for my portfolio management. could you refer me to your advisor
@3rdBassUK3 күн бұрын
Can you invest in these stocks with low investments or will it not get me far, I’m pretty new!
@alwayslearning76723 күн бұрын
Why would you invest in individual stocks if they (magnificent 7)- are already in your etf portfolio? Also, do you only invest a max of 20k per year?
@mrwood4557Күн бұрын
Can only put in 20k in a ISA. There is talk of a British ISA. So you could do £5k in uk stocks.
@FortunePodcast3 күн бұрын
Criminal. This country is cooked. Why is the answer to everything to raise taxes and make it harder for people to better their financial situation?
@LawrenceTimme3 күн бұрын
It think to increase your diversification it would be best to add some UK stocks. They might not do as well as USA stocks, but you seem to have all your eggs in that one basket.
@MitchShoesmith3 күн бұрын
At the moment the UK stock market isn’t attractive enough for me, happy to take the risk and just be invested across US stock market for now
@MARKstfu3 күн бұрын
What’s the difference between #VUSA and #VUAG? 🤔
@LawrenceTimme3 күн бұрын
Vusa gives you the dividends in cash for you to reallocate as you wish whereas vuag automatically reinvests the dividends for you
@MARKstfu3 күн бұрын
@@LawrenceTimme oh I see, thanks for the quick response man! So that pretty much applies to all the (Dist) and (acc), where the first ones let you reinvest and the second ones reinvest in themselves automatically
@PremiumNthat3 күн бұрын
Is the 100 share still available?
@MitchShoesmith3 күн бұрын
The free share is yes if you use the link, it’ll be a free share valued up to £100
@Razmatazuk4 күн бұрын
I think Cathie Woods bear case stock price for 2030 could be accurate. We're at the start of the fourth industrial revolution, we are still very very early. Tesla has Robo Taxis coming soon, and Androids not too far off too. Elon said he expects around 1 billion Android units operating by 2035. Let the magnitude of that sink in. Can see a MC of Tesla of over 10 trillion by 2035 imho. I'm going to be investing heavily
@MitchShoesmith3 күн бұрын
I’d be satisfied with the bear case tbh😆
@JonahJameson-l6t4 күн бұрын
I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated
@DonaldToliver-se5tz4 күн бұрын
You need an expert. I'm guided by Adviser Bruce Murdock a widely known consuitant.
@AwKostik4 күн бұрын
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Bruce Murdock, for his expertise and exposure to different areas of the market.
@DonaldToliver-se5tz4 күн бұрын
My colleagues had a good laugh at me when I told them I started my journey with $50k capital and how I accumulated over 6 figures within a span of 7 months. They never believed me until I pulled out my P&L. I know that learning the ins and outs of the market isn't for everyone, that's why personally, Bruce Murdock oversees my investments.
@AwKostik4 күн бұрын
Without a doubt! Bruce Murdock is a trader who goes above and beyond. he has an exceptional skill for analyzing market movements and spotting profitable opportunities. His strategies are meticulously crafted based on thorough research and years of practical experience.
@JonahJameson-l6t4 күн бұрын
nice! once you hit a big milestone, the next comes easier.. How can i reach him, if you don't mind me asking?
@michaelnorton66304 күн бұрын
I think Apple could do especially well this year as I hear the iPhone 16 will be heavily A.I focused along with the hardware to run it effectively, so a real reason to upgrade compaired to pretty much just camera improvements from the iPhone 12 to the iPhone 15.
@MitchShoesmith3 күн бұрын
Yeah I certainly hope so - hope they can really take things to the next level with AI!
Пікірлер
They won’t like people saving too much they have their eyes on everyone’s ISAs already wouldn’t be surprised if they retrospectively made ISAs a taxable vehicle
I have a question which might be a very simple point but is proving to be a block in my learning at the moment - why is it that when we are buying at $445 per share and selling at $441, we are making a profit as demonstrated in this video. Should it not be that we sell at a higher price, than what we bought at, to make a profit? I am a complete novice to the stock market and I am learning alot at the moment by watching your videos. Thank you so much.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
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
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
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.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Let’s go $TSLA. What you thinking about it all Mitch?
I'll continue to hold - I still think it's a sound long term play.
@@MitchShoesmith been here since your first vids, holding through the ups & downs 🙏🥲 $260 soon or a retrace settlement @ around 200/210. Either way, lovely to see as an investor, thanks for the videos as always.
@@Major_Positive ahh I appreciate the support, thanks so much! $260 would be nice, looks like it’s up another 0.9% pre market today too, closing in on the $250’s! 👌🏼
At 56 I already own shares of PALANTIR, TSLA, NVDA and APPL as well. Sure, I don't mind having these equities sit around for a while, but I'd also like to appreciate short-term opportunities that could fetch $200,000 or less..
If you need advice on short-term investments, consider speaking with a financial advisor. They have a lot more knowledge and expertise in this area.
True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.
@@mariaguerrero08Impressive can you share more info?
Her name is. ‘GERTRUDE MARGARET QUINTO’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
What are we saving for?? I’m a strong advocate for investing but you must enjoy your wealth and hard work in case you die - like what’s the point?!
Brilliant video mate, just curious, do you have a reason you dont hold the S and P 500 in 212? Im holding a small amount and plan to increase the position monthly for many years to come, if you have a reason for leaving it separate from 212 please tell me
@@maul5949 hey, thanks! I do have a holding in the S&P500 in Trading 212…
He's not going to be a popular prime minister if he just wants to raise taxes. Why vote for a raise in taxes??
I was looking for video like this since last year finally I found one thanks for making video and it’s all explained very well and understandable for new people like me in investing 👏
looking at the stocks you chose - it's just pretty much the bigget companies. no real thought or investigation into any. only thing i can gie you credit for is consitency.
Bold assumption, and it’s entirely inaccurate
I have a question - The stocks and shares ISA has a tax free amount of 20k. At the end of the financial year, do you leave the 20k in there and then work towards adding another 20k on top of it...or do you have to open another one up
Interesting video, however at £100k income you need to consider tax effeciency and planning. Pension is hard to beat at the 40% tax threshold. In addition once you have £500k/£1m individual/couple of assets outside a pension you are in scope of IHT. Perhaps morbid to think about, but having a 40% risk on excess is worth thinking about. Also as you get older it can be harder to pivot assets from inside estate to pension. Personally I'd like the government to increase IHT and just include a pensions component to simplify, but now there is no pension LTA this majes pensions a tax planning tool, although arguably it shouldn't be. I've seen on your other video that you have £160k, but with the way you are accumulating, you could have an IHT problem yourself in the next 5-10 years!
Yeah it’s a super important point, something I haven’t really thought about if I’m honest at this point! I’ll need to do some digging on that as the years roll on
@@MitchShoesmithI was the same, though one day my wife and I noticed we had "accidentally" become technical millionnaires, not that we live that lifestyle! It was more because our properties had appreciated, the mortgages were paid off and our ISA's grown, along with some winfall money due to redundancy and then taking on more lucrative work. In fact we both asked our parents to disinherit us and leave it to our kids, as we didn't want a bigger "problem". Most of our money now goes straight to pension and will probably stop that in a few years too. Looking to work less and now live more. The concept of living life with 40% off I think is apt once you hit the UK wealth wall!
Still on look out for compound calculator you use can you point me right direction to find it
Hey, here is a link: www.google.com/search?client=safari&rls=en&q=compoundcalculator&ie=UTF-8&oe=UTF-8
Quick question if got cash isa does that still gain 5.2% AER even if your not invested yet no not even wanting to invest as I have my cash inside high yielding saving account at 4.55% yeah I’m I noob at 43 starting planning to save for retirement better late than never still got least 20 to play ball mortgage 60% paid off last 5 year as well as started an AVC pension scheme to run along side my Strathclyde pension.
Hey - with Trading 212 there are two ways to generate interest on cash. 1 is through your stocks ISA, where you can get the 5.2% interest on uninvested funds, however these funds aren't protected by the FSQS due to Trading 212 having the option to put the money into something called a Qualifying Money Market Fund. However with the cash ISA, which is separate to your stocks ISA, you can earn 5.2% on the cash which is protected by the FSQS as Trading 212 hold it in cash (well bank deposits), and you can then withdraw it, or transfer it to your Stocks ISA at any time.
How’s dividends work sure heard there a way so the automatically get re-invested
Hey - couple of points to touch on. If you invest in an individual stock, the dividends are paid in cash and appear in your free funds in your investment account for you to reinvest or withdraw. However if you invest in a ETF, like the Vanguard S&P500 ETF, you can choose the ticker symbol VUAG which automatically reinvests the dividends, or the ticker symbol VUSA which distributes the dividends in cash. Both funds have the same exposure, they just treat dividends differently. There are other funds that offer this but you'll have to check based on which ones you're interested in investing in. Hope that helps!
What’s that calculator you using where can I find it
Hey, I think its this one: www.google.com/search?client=safari&rls=en&q=compoundcalculator&ie=UTF-8&oe=UTF-8
Really curious what is your total profit/loss? Can you please share it to us 😊
I can but it’s kind of all there to see really, I don’t really sell any of my holdings, I’ve sold a couple in the past, 1 bad one and another couple which I wanted out of to reallocate the funds, but all my profits for the most part are technically “unrealised” and it’ll stay that way for many many years yet
imagine having a big pension like that and have the government take 25 to 40 percent of it when u retire and by time u do retire, they'll take it all or you will never retire.
Do a drawdown pension take percentage whilst it still grows as well as taking part of your free 25% free tax
What do you think about investing into BP?
Is there any Update on the allowance of fractional shares in Uk stocks and shares ISA ?
Hey Daniel, here’s an article from a couple of weeks back, worth a read: moneyweek.com/personal-finance/savings/will-government-allow-fractional-shares-in-ISA
Anyone else catch that smaller clip? 😂
Mitch, thank you.
That Tesla price target is a absolute joke ! I wish it was true but clearly isn’t. If it’s market cap is 2.5 trillion by 2030 I will be happy
lol yeh me too Danny 😆
Great work, i have a similar portfolio but I'm living in my property instead. How do you have such an amazing rental yield? its almost 9% per year for that cost. Which area is your property in?
Hey - thanks! It's North Birmingham, but in a fairly affluent area so rental rates are high, however I would caveat that by saying whilst the yield is great, actually monthly profits on it now aren't anything to shout about due to rising service charges (up 30% in a year!).
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I'm new at this, please how can I reach her?
Most people are retiring this year and has nothing to show for. But I assure you it’s never late to get your financial life together again.. All thanks to Natalie Strayer for I and my family
Remember its about denying the flesh so that youll reap Financial blessings to your offspring. Jesus is King.
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.
@@KimberlyMargaret 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
@@nwachukwuchionyere My advisor is Victoria Carmen Santaella
You can look her up online
@@KimberlyMargaret 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?
The interest we are paid in the cash ISA, are we able to transfer that interest each month to the stocks ISA account, would this be possible?
yes absolutely
Great video as always Mitch! Where do you stand on Mortgage overpayments? Is it better to funnel money through stocks/ETFs, simply save the money in a high interest ISA, or commit to the 10% mortgage overpayment each year to offset your term and interest?
I put the code in but I haven't received any free shares 😮
Hey Mitch , I have send you the email you haven't replied yet ?
Hey, apologies, ive been up against it the last week, I’ve just replied now!
I lost over £80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least £10k profits weekly. Thanks Charlotte Miller.
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
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
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.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I know at some point a bull market ends and a bear begins, it goes on and on....I have a 7 figure ballpark goal and I intend spreading across maybe 50k - 150k on plummeting stocks, my question is how can I know when a market bottom has been reached?
$58b at 5% is $2.9b not $29b. Thanks and keep the great videos coming though!!
Thanks! Ah man I must’ve typo’d my script and didn’t pick it up in the edit 🤦🏼♂️
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
bitcoin does not pay any yield but will reward you with growth that you can't find in any other asset class
look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying
The key is diversification. Personally, I delegate my investing to an advisor, cos my job doesn't permit the time to perform market analysis myself. Thankfully, my once ago stagnant portfolio has now 5X in barely 4 years, summing up almost 7 figure as of today.
Lately, I've been researching advisors, but the market updates I've encountered haven't been very positive. Who's your guide?
Can't share much here, I take guidance from Evelyn Infurna a renowned figure in her industry with over two decades of work experience. I'd suggest you research her further on the web.
Hello. Do you have any thoughts on any India etfs or the brics nations? Would it make a difference if I invested a lump sum every April vs smaller amounts every month into an etf? Do you have any gold/sliver as a back up?
Hi Mitch, on your Vanguard portfolio overview screenshot, I see VUSA, but when you discussed depositing more in March 2020, there was a screenshot of VUAG. Did you invest in both for this ISA, or was the VUAG screenshot an error?
50k in 7 years 😳 something is missing Bro . I think your portfolio isn't diverse enough and don't have the following, 1.High Dividend yield 2.Lower Dividend payout ratio 3.Consistent Dividend growth rate 4.Stability and performance 5.Solid share prize appreciation So you need to look back at your portfolio and change things. I've been investing 10yrs now and I've 120k portfolio 🤷♂️
Thanks Mitch. I'm planning to invest $150,000 of my savings into the stock market to capitalize on the recession. What is the best investment strategy to use?
The market is wild right now! Whether you're a newbie or an experienced investor, I believe everyone needs an advisor at some point to thrive.
As a contractor with limited time to analyze investments, I've relied on a fiduciary for the past seven years to manage my portfolio. This strategy has helped me navigate market fluctuations effectively. You might consider a similar approach.
@@LucasBenjamin-hv7sk I'm seeking guidance for my portfolio management. could you refer me to your advisor
@@LucasBenjamin-hv7sk I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
I'm seeking guidance for my portfolio management. could you refer me to your advisor
Can you invest in these stocks with low investments or will it not get me far, I’m pretty new!
Why would you invest in individual stocks if they (magnificent 7)- are already in your etf portfolio? Also, do you only invest a max of 20k per year?
Can only put in 20k in a ISA. There is talk of a British ISA. So you could do £5k in uk stocks.
Criminal. This country is cooked. Why is the answer to everything to raise taxes and make it harder for people to better their financial situation?
It think to increase your diversification it would be best to add some UK stocks. They might not do as well as USA stocks, but you seem to have all your eggs in that one basket.
At the moment the UK stock market isn’t attractive enough for me, happy to take the risk and just be invested across US stock market for now
What’s the difference between #VUSA and #VUAG? 🤔
Vusa gives you the dividends in cash for you to reallocate as you wish whereas vuag automatically reinvests the dividends for you
@@LawrenceTimme oh I see, thanks for the quick response man! So that pretty much applies to all the (Dist) and (acc), where the first ones let you reinvest and the second ones reinvest in themselves automatically
Is the 100 share still available?
The free share is yes if you use the link, it’ll be a free share valued up to £100
I think Cathie Woods bear case stock price for 2030 could be accurate. We're at the start of the fourth industrial revolution, we are still very very early. Tesla has Robo Taxis coming soon, and Androids not too far off too. Elon said he expects around 1 billion Android units operating by 2035. Let the magnitude of that sink in. Can see a MC of Tesla of over 10 trillion by 2035 imho. I'm going to be investing heavily
I’d be satisfied with the bear case tbh😆
I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated
You need an expert. I'm guided by Adviser Bruce Murdock a widely known consuitant.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Bruce Murdock, for his expertise and exposure to different areas of the market.
My colleagues had a good laugh at me when I told them I started my journey with $50k capital and how I accumulated over 6 figures within a span of 7 months. They never believed me until I pulled out my P&L. I know that learning the ins and outs of the market isn't for everyone, that's why personally, Bruce Murdock oversees my investments.
Without a doubt! Bruce Murdock is a trader who goes above and beyond. he has an exceptional skill for analyzing market movements and spotting profitable opportunities. His strategies are meticulously crafted based on thorough research and years of practical experience.
nice! once you hit a big milestone, the next comes easier.. How can i reach him, if you don't mind me asking?
I think Apple could do especially well this year as I hear the iPhone 16 will be heavily A.I focused along with the hardware to run it effectively, so a real reason to upgrade compaired to pretty much just camera improvements from the iPhone 12 to the iPhone 15.
Yeah I certainly hope so - hope they can really take things to the next level with AI!