Holding Cash During a Stock Market Crash - Genius idea or fatal mistake?

[@johnnyonthespot1947]

I’ve been putting a little more than normal into the market since it is down. We get excited over a sale in a store, but when stocks go on sale we panic. Just keep buying.

[@creatingbalancefinance]

Really brilliant video James. I’ve continued to invest over the last few months and this has made me feel much better about that decision. Thanks a million!

[@JamesShack]

This is why it’s so important to automate you monthly investing. Don’t temp yourself.

[@sarchmaster5779]

I loved the table showing returns after a drawdown based on how long it takes to recover. I need to print that out and look at it every time I start wondering "maybe I should hold out, it might drop further".

[@keithbaillie2341]

Me too - that table was terrific and has made a big difference for me! I always could accept that it was good to buy at a discount but thought about it only in terms of long long term benefit - that table highlights the extra returns made as it rides back up - very powerful point i think.

[@leifharmsen]

Are they on sale or are they still overvalued?

[@richguest]

I fully understand and agree with what you’re saying, but I’m hoping to retire in the next year or so and I can’t help but think I’m better off building on my cash reserves, rather than investing, so in the event the markets don’t recover for several years, I don’t have to cash in stocks and funds at depressed prices. Great vid btw, your efforts are much appreciated.

[@sarchmaster5779]

if I was about to retire I think my 3 month emergency cashpile would grow to a 3 year emergency cashpile, to ensure I would not need to sell at the wrong time.

[@JamesShack]

Yes I would agree with you. That’s a decision you make no matter what’s happening in the markets. You need a much bigger cash buffer in retirement.

[@117_32]

Trade with her and remember to share testimonies with others ☝️😊..🇺🇸🇺🇸

[@Bettys_Eldest]

I retired early 5 years ago. I have four years of expenditure sitting in cash, along with a rental property which produces about 50% expenditure cover. I don't need to touch my pension funds for some years. Between September and December 2021, believing the market to be overvalued, I sold all the ETfs in my pension, ISA and general account. I didn't see Ukraine coming, and did expect that Evergrande would have a bigger impact, but share prices seemed to be driven more by demand than underlying value. I believe that prices will continue to drop, despite the recent rally, and I will begin to invest again later this year, probably over 10-12 months, though I may accelerate the process. I won't manage to buy everything at the bottom, but will do better than had I remained in the market.

[@MartinHopkinson]

@@sarchmaster5779 I am about to retire and I do have a significant amount of cash but I don’t really believe it makes sense. I actually think the ‘bucket strategy’ is misguided and so do a number of experts. It’s not as straightforward as it appears. For instance, at what point do you stop living on cash and start withdrawing from investments again? And, when you do, how much more than living expenses will you withdraw to build up cash reserves again? If your portfolio drops 20% and then recovers 5%….. and 5%….. and 5% over some years, it will still be below where it was for a long time. So you have to have enough cash not just to survive the dip but to make it through and back to the peak. That’s a lot of cash! Which then brings up the ‘performance drag’. You’ll have that cash sitting there, not earning in good times as well as bad…. And there’ll be more good times than bad! That’s a lot of lost growth potential over a long retirement (and keeping cash probably loses more in all the good times than is gained in the bad times.) As I say, I have cash but I’m not convinced it makes financial sense in the long run; it’s really just for comfort more than anything else.

[@mattsennett]

Spot on James, just keep going and play the long game. £ cost averaging is a thing of beauty when you can look back at it but the only way you can do that is if you buy the dips.

[@manlikecamlast1767]

The ‘return to recovery’ stats at the end are some of the best stock market investing content I’ve seen

[@JamesShack]

You can’t argue with it!

[@leatal8600]

Helpful video. Can you do one for investors that have a larger pot compared to their monthly contributions? When your not doing a regular DCA you can either HODL or try and time the market to an extent to improve returns. It’s a harder argument when any DCA you do is small compared to overall portfolio

[@markcarter9476]

I have always thrown large lump sums into my pension during market lows, it makes perfect sense and has worked well for me.

[@xz9904]

Thank you for your clear explanation. I find market volatility exciting...

[@keithbaillie2341]

James - I am a big fan of your channel, but i have to say this video really made something click for me. I think its the notion of the returns from an extra investment being realised as the market recovers. Great work thanks!!

[@The_Unintelligent_Speculator]

Depends on your own goals. Just be happy.

[@NoName-ql1wk]

You're videos are really good. I've lost £15k this year due to the dip in the S&P but still bought more this month and will do next month.

[@edvargas3105]

One of the most brilliant analogies for long term investment I've ever heard.

[@voiceguy554]

Your videos are awesome! They really helped me change the way I look at Market corrections & long term investments! Big Thanks!!!

[@altSt0rm]

You're really engaging the way you present information. Excellent video, you should have more subs!

[@ThumperTales]

Absolutely amazing analysis with real examples and solid, numerical evidence. Thank you James for giving solid advice that is targeted at the UK audience.

[@thewrightoknow]

This is the time to buy, pound cost averaging ! SSE is almost yielding 6%, SSE is not going away unless Scotland depopulates! Great video.

[@adm58]

I wait for dips to buy; the bigger dip the better. While waiting I put cash in a money market fund. At the moment (Jan 31), most stock funds seem to be very high so I'm loathe to buy into them. Of course, there's no guarantee that they won't continue up so it's a risk. The broad stock market seems to be very disconnected from economic realities at the moment.

[@CrappyProducts]

Well I think it depends. I'm currently sitting on cash so I can £ cost average instead of lump summing it since it's wiser to do that in such times of volatility

[@sujahilan3620]

um no

[@JamesShack]

Only if you have a lump sum due to selling a house or some other irregular Cashflow. You should not be holding back you usual monthly investments.

[@117_32]

Trade with her and remember to share testimonies with others ☝️😊..🇺🇸🇺🇸

[@CrappyProducts]

@@JamesShack Naturally, my regular £ cost average continues, nothing changed, it's just how I deploy the money to my ISA since I have cash to deploy the lump sum filling up the 20k but instead I'm also £ cost averaging that. On a side note: bots sucks

[@Russellww4]

@@JamesShack exactly just keep putting in money on a regular basis

[@wade74567]

Great video. I seem to have the opposite problem - I don't want to invest when the market is going up (as I "know" it's going to go back down) but like to invest when the market is down (even though I'm still nervous). That's still not good, as it normally doesn't go back as low as if I would have just invested when it was going up in the first place. On another note, I've seen a lot of comments about people wanting to build their "cash/emergency fund" prior to retirement (sorta my feelings also) because they don't want to sell in a down market. Why? Isn't that the idea of an adequately diversified portfolio? Pull money from the "bond/conservative" side when the market is down and the stock side if the market is up? Why do I now feel that I need an extra large emergency fund? (The behavior/idea/fear is preventing me from investing.) I guess it if I was 100% in stocks or in a Target Date Retirement Fund where I can't say where I want to take the money from then I'd understand.

[@dwakeling1]

Technically you may be correct that 200 years ago we had a life expectancy of 30 years, the way you worded it essentially made it false. Its the expected life time of a baby thats just been birthed and many of them would die during labor or in the first few years which pushed down the average. For someone that got past those tough years, to about 4-5 they would likely live to 70.

[@mukul1310]

That Fund A and Fund B comparision was eye opening for me!

[@oliverbett7720]

Great video James. On a separate note I'm interested in your view on currency hedging overseas indices tracker funds? Pound seems to be on a long term constant downward trend against the dollar...

[@edwardcomor9360]

But what if I am near retirement and my dollar cost averaging time horizon is short (and, as such, almost all of my capital already is in the market)? In this case doesn’t it make sense to reduce at least a chunk of my exposure and wait to reinvest it when interest rates start to level off or inflation begins to soften? I know I risk mistiming things but the benefits of staying invested surely are not great for someone like me vs the likely ongoing decline of the market in the coming months (esp given that a recession seems likely also). Yes/no?

[@carlosgomes4435]

Your videos have made me more aware of how to invest better, but I’m still deciding in which index funds to invest, and have been trying to educate myself, do you have any thoughts about the HSBC FTSE all world index? It seems similar to VWRP, but I can’t find much information on it… thanks for the informative videos

[@theunlearnedmind7374]

I must be wired differently. After the 2008 crash I ran towards the burning dumpster fire and went all in.

[@Bluearmy76]

Paid off big time

[@DeanR3]

Great video, i have just invested in a vanguard lifestratergy 60 and jist trying to learn about investing and your content is very helpful thanks James, still struggle to work out how you get them returns when sotck market goes down and starts to come Back up but hopefully i can learn. Thanks dean

[@Stargate11live]

Hey James, always love your videos but just got a question for you. I'm really sorry I just can't get my head round this logic. Surely if we are expecting a recession to hit in 2022 or 2033. I can't see how it's not better save the same money in a high interest account, wait for the market to bottom out. We can't pretid exactly when it will happen but surely its not now. Seems like to me we would be trying to catch a falling knife. If you waited till when you think it will bottom out you would still get the same returns without all the lose. I see it as avoiding possible 12 months of lose as we've already had 2 negative quarters to possibly miss out on a month or 2 of positive returns. Is there any chance you could try explaining it another way?

[@JamesShack]

Staying in cash and going at exactly the right time is suggesting that you're able to time the market or read what it's going to do next. This is impossible to do in the short term. Yes it looks like there will be a recession, but everyone knows that, the market knows that and is already pricing it in.

[@Andrew-ok3dp]

Just how I was feeling James but now I know better thanks to your advice. Great content and a very helpful video. Thank you.

[@pieterv6984]

I loved this video. The financial content is not that new to me. The way you explain the behavioural side is what makes this video a favourite for me.

[@johnbrandon1658]

Hey James , another Great video. Spot on What’s your view on the Russell Napier’s theory that we’re going to get financial repression where interest rates are to be kept low and inflation high. Making bonds lose real value every year. . Cheers

[@paulnodalo9130]

Great Video James.I will retire soon and have a final salary pension.The pension will match RPI up to 2016 max 5% inflation and match CPI from 2016 to 2022.I have been in the pension for 34 years and I will get around £30k a year forever with rises with inflation each year.Do you think it is worth keeping now inflation is high as If I transfer the pension will offer me 720k and I can get 25% of that tax free.However I will then with by subject to inflation account charges and the risk of the pot declining due the the markets going down as interest rates rise etc? Any Ideas? Most guys have work have transferred the pension and have lost around 9% since Christmas before accounting for near on 10% Uk inflation. Any idea James?

[@Aliassuk]

Little genius/clever cookie you are. Love the analogy haha. “Stop being greedy” 🤤 made me laugh out loud. So simple yet so many of us are doing it. Learnt soooo much from you James thanks! Keep it up! P.S. chest hair rocking as always 🙊 I’ll need to iron that shirt for you hun 🤫😋

[@CrappyProducts]

It is also interesting that statistically lump sum is better than £ cost average, however most people recommend £ cost averaging. I personally would have preferred to £ cost average since it provides better peace of mind

[@JamesShack]

That’s not quite right. The DCA that everyone talks about is actually just lump sum investing every month as soon as you get paid. The DCA you’re thinking about is where you have lots cash and slowly feed it into the market. Both end up giving you the average price over a period.

[@zeea6507]

Physchology plays a big part. Fear and greed

[@roconnor01]

This is fine when you are young,but what about when you are retired ?

[@chuckmurray1825]

I've actually been buying more stock over the past few weeks but I've been buying companies that I believe in for future growth and diversified index funds. Hopefully, I'm not catching a falling knife.

[@nickfifield1]

I’ve taken this approach for a good few years now. However, should people change their approach if 5-10 years to retirement?

[@28gs28gs]

Yeah go all in on Bitcoin yolo

[@marcolai9735]

Thanks for sharing. Doni interpret it correctly that it is best to go dollar cost averaging than lump sum at these times then?

[@allstar1234]

7 minutes

[@grantmail4112]

I'm confused about how you show that you can only make a profit and not any losses when the market crashes to record levels? How can it all be a win-win?

[@basmatibam]

If i go all in now with -20%, when it goes to - 40% and then up again, it will extend the time to recover and dilute the -20% returns I am right?

[@maltesetony9030]

An excellent summary of the psychology of investing.

[@felixh.3788]

The typo in the chapter title got me 😂😂 "Monkey Brian" Btw. thanks for the awsome videos!

[@JamesShack]

Haha thank god I can change that.

[@paulthorpe766]

100% Agree James for continuous monthly investing - plow on and buy 'the sale'. I'd perhaps have a different view if you are approaching retirement (so no more contributions), and say have a million and want to invest the t/free 25% into another asset class and don't want it eroded 15/20/25% by a crippling crash....perhaps then converting to cash for a while might be more marginal decision - what do you think?

[@oscaryapp8085]

Great video James, you always lay it out so well both verbally and with the grapics. Not that it matters, but I can never tell if that is your house or an awesome background, its blagging my small mind haha 😄. Thanks.

[@arigutman]

It is better to have time in the market versus trying to time the market. Therefore, dollar cost average riding only what you THINK may be the highs and/or the lows... This strategy has been recommended by... just about every investment sage from Buffett to Lynch and the rest of the gang in their generation.. Personally, I enjoy market volatility and take FULL ADVANTAGE of every swing!

[@S34NP4THURL]

Thanks for the encouragement J - started my Vanguard ISA in Oct - just £100 per month - had some hits along the way and have a short term - 5 years - investment window but will keep dropping cash into it wen i can

[@117_32]

Trade with her and remember to share testimonies with others ☝️😊..🇺🇸🇺🇸

[@victorco.6308]

If I remember correctly, Japan market didn't go to his peak even after 30 years

[@full__tilt]

Back in the days, financial advisers used to advise saving and putting money into a high interest saying account. Now, saving is bad. Investing is the future especially investing in technology, innovation, Web 3.0, and the metaverse

[@amazingeducationquestionsa1367]

It’s clear now thanks. It’s best to start at -40% so I will wait for that - since the market is going up now clearly a bad time to invest ..? 😂❤ How about the Schiller or Buffett index? Useful or wasteful? Thanks

[@katem6562]

I’m increasingly keeping more cash for both drip feeding/ lump sum investing and while increasing my emergency fund!

[@bultvidxxxix9973]

I think your numbers are wrong. If you are 20 down, you need to make +25% to break even. Correct me if I'm wrong, but I think you just divided that 25 by the number of years. But that's not how you calculate annualized returns. 1.25 = 1.118^2 = 1.077^3 = 1.046^5 Anyways, great way to think about it.

[@JamesShack]

I rooted by the number of years. But yes perhaps I did it by 20% rather than 25%!

[@TheFirstTriplefife]

This is literally the "just invest because the market always makes returns" argument. Buffet already said that if you don't know what your doing investing in general stocks will always win out.

[@Normuk8888]

Thansk for another great video. If I had 20k sitting in a savings account, I assume that its better to invest it split over say 12 months, rather than invest it all instantly? I know that probably depends on where the market is heading ...

[@chrisbaker91]

If you are intending on keeping it for a long period it shouldn't make too much of a difference. If you are hoping the market keeps going down and then you get a lower average cost for your deposits it could easily happen the other way.

[@MartinHopkinson]

Studies always show that, on average, lump sum beats drip feed. But that’s only because, on average, the markets always go up! That’s certainly not guaranteed this year and I have to admit that I’m pound cost averaging rather than having thrown a lump sum. I figured that I could take the ‘disappointment’ of the markets rising if I drip fed more easily than I could take the annoyance of the lump sum losing out if markets continued to fall (especially when that’s a likely outcome in the short term.) But I also agree with Christopher Baker: it makes little difference in the long run. My wife and I invested our full ISA allowances in Apr 2020 (remember that?!) and for a year it looked great - now it barely registers any difference with our other investments.

[@rogerpike4605]

hi James great video I am considering putting more money into an existing i stocks and shares isa for this year as a lump sum but as I am looking to take the money out in two years time should I still be putting the money in now

[@JamesShack]

No - you should not be investing if you need to take it out all out in 2 years. If you need to start drawing an income from it that’s different.

[@rogerpike4605]

@@JamesShack hi James many thanks for the advice . If I was to keep the isa going but draw an income annually this would be ok then ?

[@henryliam7329]

My wife and I are retiring this year with over $6,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year. Just kept buying at low prices.

[@jonesherbert7409]

Great job with your wife! I bet you’re living your best life right now

[@judithholmes623]

I’m a young mom and I would love to achieve this level of success myself please is it possible to get to your manager ?

[@henryliam7329]

Thank you. Her name is Camille Anne Hector. I really don’t know if you can hire her also but she is well researched. Just look her up online.

[@huggiesmelina3366]

“You make most of your money in a bear market, you just don’t realize it at the time.” Shelby Cullom Davis

[@maxwelljohn1545]

Your story is inspiring. I’m 38 trying to achieve this goal you achieved. If you don’t mind sharing please how old are you and what are current positions ?

[@1976vikin]

Really sensible advice as always, unlike some other channels I care not to mention. For reasons unknown to me and probably well above my level of brain power, history always has a way of repeating. But for some reason most seem to forget the past and dive in feet first to the next big thing. Fear of missing out! But would be interested in what is your opinion on gold, silver, oil and other commodities during a downturn in the economy? Thanks Trev

[@nickd4785]

James, what does this mean for my pension funds, the ones in which I'm no longer investing? Are the fund managers to gain the same advantages by transferring between investments?

[@dermotcasey]

great advice...made simple as always ...

[@mjpr2879]

Any chance of doing a similar video for those that have made lump sum investments in the last 12 months?

[@davidwarwick6378]

Your videos are first class.

[@Lambert7785]

very helpful, thanks so much

[@martind5348]

So if I had a 20k lump sum right now, would you say it would be best to invest it all in one go or would you split it in to monthly payments to average out?

[@frankjaeger393]

I had same Dilemma only difference I hadn't got a saved bulk yet but knew I would soon and got all in one go. I opted to spread it across months, you could maybe do better though, why not live on savings and put in your monthly salary into employee work pension instead? You get 20% tax of what you put in from government re invested in, where as if you put savings in an ISA you don't.

[@JamesShack]

Salary sacrifice and get NI savings. Work scheme needs to be flexible tho.

[@martind5348]

@@JamesShack I've bumped my work pension up as much as I can now. I should be getting a decent lump sum in a few months and was going to max out my isa allowance with some of it but wasn't sure whether to put it all in a S&S ISA straight away or split it in to monthly payments to average out

[@nicolasb.4229]

money brain is crazy, do you have a more condescending way to explain that? It's a good to message/strategy, but omg what an explanation

[@jacek_dzieciolowski]

Excellent video, James!

[@Allocator-ir9kv]

Really love the analogy with junk / healthy food

[@28gs28gs]

I love chaos and fear like this it reminds me how soft most people are

[@keithbrown6030]

Great video, food for thought as I’m just about to invest pension pot.

[@Azel247]

Too bad I did a lump sum back in Jan 2022... should have DCA into the market, but people were saying that research shows lump sum is better most of the time

[@sarchmaster5779]

Unfortunately "most of the time" isn't "every time" :( The research I've seen does show that lump sum is better on average, but that isn't much comfort if you end up in a situation where it wasn't.

[@ant270]

But, being in means you can reap the dividends.

[@george6977]

In 2009 I made the mistake of timing the bottom, invested in April 2009 into high risk sectors, CAGR over 17% for over 10 years. Just lucky I guess. I should have invested in Oct and Nov 2008 but would not have got 17 % annual return doing the right thing.

[@JamesShack]

Sounds like a lucky mistake !

[@Nadine_D7]

🤔 What are your thoughts on high yield saving account?

[@gavinquinlan]

James, I wondering whether you’d be advising to go the $ cost averaging approach now over just sticking the lump sum in today. If it was 10k maybe no big deal but ‘monkey brain’ or not, putting 6 figures in play to watch it go down by 20% more would be challenging.

[@stefandd89]

Hi James, I have been binging your videos recently, trying to figure out how to best invest my money. I am a higher-rate tax earner and currently pay 6% (matched by employer) into a workplace pension. I am able to save £500pm but can't quite figure out if I should be putting the money into a LISA or SIPP (Or maybe Stocks & Shares is actually better?), I was thinking it is better to skip the LISA and open a SIPP, but not sure which platform to use. Any advice would be greatly appreciated, thanks.

[@gregnormand3868]

Unless you want to buy a house with it, a LISA is worse than a pension. An ISA with stock and shares is a good for anything you need before you retire.

[@gregnormand3868]

Also, if you're a higher earner you should probably put any money over the higher rate threshold into salary sacrifice pension rather than saving post tax.

[@stefandd89]

@@gregnormand3868 Thanks for the reply. OK, think I have it; I already have a mortgage, and pay the max into my workplace pension that my work will match. So I guess my best bet is to put some money into SIPP (Get to use that tax allowance), for my long-term savings (30 years), and consider putting a small monthly payment into stocks and shares, for my mid-term savings(5-10 years).

[@LorraineKrueger-o3b]

What if all currency goes digital and the dollar looses all of it's value?

[@piersgooderham8674]

Hi James, what you're saying about the benefits of pound cost averaging makes complete sense. How can I benefit if I already have a lump sum invested though? I feel at the mercy of the markets, with a probable recession around the corner!

[@JamesShack]

Hi Piers, you can’t. Once it’s in it’s in. A recession is likely - perhaps aired from here - but the market already knows about that and is pricing it in. The market will only fall further if it turns out to be worse than expected.

[@chay18]

Clear, concise and always easy to digest for the average investor like me. Thanks for your incredible work James, Chay

[@fredericguyon1449]

It seems that this video could be misleading as this only works if this investment is not done as a lump sum but let's say as small amount of the lump sum if this is what is available fir investment. Then the risks are reduced as the market keeps going down and then recover.

[@Casualclips17]

Thanks James

[@sgist7824]

James is Martin Lewis' love child. I'm sure of it 😀

[@JamesShack]

I’ll take that !

[@01302]

Love this video, excellent points

[@JamesShack]

Thanks for watching

[@elixer69]

Watching this and eating my banana! Great advice and video.

[@Craig_in_Asia]

Great video James 👍

[@nataliiaginger7447]

Thank you for a great video! Completely abandoned your channel lately, as all attention was directed towards the news about the war. Going to catch up now 😅

[@janiceg7661]

I was meant to watch this as I’m sitting on cash after selling a few rentals. I actually want to move more to cash as I have a terrible feeling we aren’t stopping at 40% down. I may follow too many doom and gloom guys but I believe Burry. Also, when I first heard of a possible pandemic in 2019 I started stockpiling cash, bought in March zoom, hd, teledoc and had a 92% return 2020 (net fees and contributions). So, I am conflicted on this consistent buying strategy, but lots to consider. Thank you for your video. 🙏

[@benvairy2797]

Hi James I’m new to your channel, but watched so many of your videos already, I find all your videos very informative and educational and give me confidence to invest, do you know if vanguard offer the s&p500 as an accumulation fund? As I currently have a s&s ISA and a SIPP with them I also invest in life strategy 100

[@JamesShack]

Welcome! Yes the do offer a acc version.

[@gianlucapagnoni283]

I feel bad but I am waiting for this big crash so I can invest and make up for the years that I wasted saving money in the bank, I also invested for 20 years but never took an aggressive calculated approach, now I could have retired already instead of working 55 hours a week and weekend nights.... I'm set on F.I.R.E. Thank you for your amazing job of information and disclosure!

[@JamesShack]

Hi Gianluca, if your strategy did not work before, why are you trying it again? Why not just slowly phase into the market?

[@gianlucapagnoni283]

@@JamesShack I invested in the wrong financial tool, it gave me overall a 10% return but I didn't benefit from any compounding. It's a Flexible Fund that oscillates between 3.5 and 5.1 Euro per share in 22 years, I took advantage of 2001-2008-2016 crashes but I made little profit overall. Now I must take a more aggressive approach investing in products that have a bigger fluctuation, I'm investing monthly and I have a diversified portfolio. Another fault in my strategy was to focus on saving to buy a house instead of deposit into an ISA account. Now I have to make my money work smarter for me :)

[@louisedeer3431]

Loved what you shared in the video- I'm definitely motivated to keep investing, but now trying to figure out what is the best approach if I want to buy a house in the next couple of years. I want to make the most of any dips in the market but also don't want to tie up all cash (aside from emergency fund) into the stock market waiting potentially 5 years for recovery. Tricky!

[@stevenhull5025]

The world has changed thanks to demographics. BRICS and government national debt. I believe the golden days for western markets are behind us. The US petro dollar which have driven commodity prices and with it the US financial markets is no longer the currency of choice. Treasuries are being sold off on a grand scale. Millions of baby boomers are retiring and cashing in. It would be a brave investor who thinks and acts like a dinosaur.

[@hannahb6471]

Index funds are on sale! That's how I'm viewing it so left my direct debit into my monthly Vanguard account completely untouched. I don't even know how the global all cap is performing as I simply don't log in! Ignorance is bliss 😆

[@frankjaeger393]

Watched you for first time James about 2-3 month ago and you inspired me to take action. I got a payrise at work, it wasn't enough so now got another job for more money, started a side hustle for extra ££ then another side hustle now taking on people on the side hustle. I've gone from £150 a month I could invest to £3500 and I'm ploughing it in and I'm going to get more efficient, I'm currently investing in index funds but I need to do better than that, next steps is be more efficient with my time and how I use money to generate wealth.

[@JamesShack]

Epic job Frank! Focusing on increasing your income is where everyone should spend their time. Investing should be on autopilot.

[@frankjaeger393]

@@JamesShack Thanks James, My wife is going bonkers that's only problem thus far lol.

[@hollywoodactress]

That is amazing. It would be interesting to hear how your side hustle evolved. I am stuck at stage 1, trying to get a viable side hustle which pays.

[@frankjaeger393]

@@hollywoodactress so I'm an employed electrician for a company but I'm also a qualified carpenter so wasn't to hard for me to build side work doing Carpentry and as its built and getting wider range of work and bigger I take on friends in trade with different skill sets. I also do take away delivery in evennings 3-4 a week which is much lower pay but nothing is below me it all counts and I can't do my other work in evenings most the time. I've done some trading as well, collecting un wanted scrap and stripping it down to trade metals such as copper. I even earned some money filming a magician doing some street magic, he advertised on gumtree. I've thought about a KZbin channel but I don't know where to start on that one. To give you some other ideas, window cleaning in new developments Cleaning for house holds Equity in your home potentially with home improvements Rent out your garage if you got one. Evenning call centre work comes up Reduce expenses Administration work on the side for buisnesses Leaflet and marketing work for buisnesses Go to the customer direct don't always look for these opportunities advertised as jobs, I went to restaurants in my area direct offering delivery and to consider me if they delivered in future. If you do administration you could go to local small businesses and offer services direct for example. I never drive by a skip without looking, I ask politely to skip owner if i can take what I find, they normally look at me abit uneasy but allow it, it means they can fill it with more. I made a built in wardrobe for customer with 90% skip material and you wouldn't know it. Post the storm we had I never walked past broken garden fences without popping my card in door. I don't have too many buusness cards either when I offered my services to local buisnesses and they asked for buusness card I asked for theirs and wrote mine on the back. Sell unwanted items online or boot sale, pick up free unwanted items online if doesn't intrude to much on your productivity and sell. Any hobbies you have try and make a side hustle, if you like running for example try start a Park run club. Once you get in the mindset you see opportunities everywhere, I'm on the constant look out.

[@hollywoodactress]

@@frankjaeger393 fantastic reply and thank you

[@jamesc328]

Another really good video. Maybe worth doing a video warning about ISA transfers, I might be out of the market for 6 weeks. I did an ISA transfer from Vanguard Investor to Invest Engine 18th May, Vanguard cash out the investments 19th, but not transferred. They tell me it could take up 30 business days. It just shows as cash in ISA, just waiting for them to transfer. Already 10k gains lost due to the gains from last week.

[@NedFlanders39]

such a shame :( that's one reason i haven't changed from fidelity to vanguard, despite paying higher fees with fidelity..

[@jamesc328]

@@NedFlanders39 I done well with the IESU Index Fund, and wanted to put some of my ISA into it, but Vanguard delays are crazy. I am surprised they cashed it in straight away, and then take potentially take 30 business days to transfer.

[@NedFlanders39]

@@jamesc328 yeah it's not good at all. same'ish story happened with my partners pension, it took fidelity 3 months to transfer! terrible at the best of times and awful when markets are volatile. you sound like a long term investor, so hopefully youll be ok in the long run!

[@jamesc328]

​@@NedFlanders39 Yes definitely a long term investor. You would think once it is cash, it is just like a bank transfer and takes minutes, 3 months for your partners pension, or even up to 30 business days for my ISA, sounds like the Financial Ombudsman Service should be looking into. You can transfer bank account in 7 days and I think that is something the government pushed.

[@JamesShack]

Unfortunately Vanguard are very bad at transferring out - most providers are tho…

[@ps4games164]

7:04 how to invest in first place? 👀

[@garethdwright91]

Thank you, Jamosaurus!

[@robertp.wainman4094]

Is it a risk.....or a gamble?

[@JamesShack]

Same thing!

[@peelyo94]

What fund are you DCA into just s and p 500?

[@JamesShack]

Nope.

[@arunmenon6513]

Absolutely amazing message conveyed in a way our monkey brains can understand 😂 thanks James for being the voice of reason in such hard times. I invested again this week after a break of 2 months due to the traumatic market conditions and after seeing your video will continue to DCA. I and I am sure many know what you are preaching but it’s just our silly instinct that keeps us from doing the right thing 🙏

[@simontavner5805]

mmm not applicable if you,ve stopped paying in though eg in drawdown -obvs I suppose.

[@Doochos]

I sold 50% of my funds when Russia invaded Ukraine. I've been sitting on the cash ever since, not sure what to do . Time to go invest again I think.

[@jordancattle4611]

Great video mate. Been investing same amount every month for the last 2 and a half years and my monkey brain still gets a bit gutted when I see it go down. These videos remind me what I'm doing this for though. Love it. Bring on the crash

[@declanmcardle]

@3:25 I see the salad emoji is from the post-vegan iOS release of a few years ago where they removed the boiled egg from the salad emoji...🙄