I hate this about investing

//Investing Apps and FREE Shares
💸 - InvestEngine - Get between £10-50 when you sign up and deposit £100 (T&Cs Apply)*
investengine.pxf.io/x9YoO1
💸 - Trading 212 - Get a Free share up to £100. Use Code: TOBY in your app if you do not receive your free share.
www.trading212.com/promocodes...
💸 - Lightyear - Free Google or Tesla Stock (Deposit £50)
bit.ly/TobyNewbatt-LightYear
//Want to speak with me 1:1?
Email me here with your needs and we can book a 1hr 1:1 call.
tobynewbatt.com/get-in-touch/
//Want to order the Wifi Smart Clock/ Stock Ticker seen behind my videos?
bit.ly/Wifi-Ticker
//My Favourite Credit Card for Points
💸 - American Express Gold Rewards Card - Get 30,000 Points - £0 First Year
bit.ly/Toby-Amex
//How I Make My Videos
Artlist - Video, Music, Sound Effects and more
artlist.io/referral/4965667/Toby
Disclaimer: This video is provided for information and entertainment purposes only. Please seek the help of a qualified regulated financial professional for any advice. Capital is at risk. Some links are affiliates and I will earn a commission from using them.
*InvestEngine (UK) Limited is Authorised and Regulated by the Financial Conduct Authority (FRN: 801128)

[@timlodge8267]

Don’t forget people pushing crypto.

[@timg1246]

"Mrs Cynthia Wilson made me a millionaire". Why do they always use women's names in those emails ?

[@lifeisagame2023]

I wouldn't even give them the satification of calling it investing

[@brettlawrence9015]

The best I’ve heard is my new car is a brilliant investment… 😂🤦‍♂️

[@MArt-cy4bd]

One of the most passionate videos you’ve ever posted and lots of sensible info in it. Absolutely love your honesty, Toby.

[@asgtube13]

Absolutely agree on the lack of transparency in pension fees. Not only the fees but even how they perform. In the last year I've educated myself through KZbin videos like yours and realised how most pension schemes from your employer are rip-off. Mine, my wife's. All big names, workplace pensions and non. Finally opened a SIPP with Vanguard and the clarity is something else. You can see your fees but also have clarity on how each fund is performing. I just wish I new this years ago. Another thing I've noticed it's a common trait in the big companies to have a confusing fee structure, like utilities, insurance, finance.... It's seems like a strategy to confuse the customer so they can hide fees and high prices

[@davidjones4130]

Good man calling out the scumbags .

[@BsktImp]

1. Grifters - 00:29 2. The Finance Media - 02:24 3. Financial Advisors (mostly) - 04:06 4. The ETF Market - 05:36 5. 'Covered Call' Investments - 08:01 6. Pensions - 10:25 7. Fees & Charges - 12:38 8. Jargon - 14:23 9. 'All In Bros' - 16:04 10. Misquoting The Greats - 18:27

[@superslip103]

Nice - helpful!

[@dcphillips1991]

The pensions situation in the Uk is ridiculous. I was talking to two friends over the weekend, one of them assumed that the default pension plan would be best, as the company would choose what's best for them which is a reasonable assumption.They had absolutely no knowledge of the stock market or what their pension was beign invested in, I'd been part of the same company in the past, so I knew the default fund was terrible, sop told her about it. The other friend has a workplace pension, but because of how it's been set up, they don't have access to choose anything other than risk profiles, so they coan't just select to invest in the US or global stock index's.

[@MattMcQueen1]

Thanks for posting this video, Toby. I think it might be the best video on your channel. Sadly, the grifters easily outweigh content like this. You covered a lot here, and didn't even mention the crooks who post on every financial video about how they know of a financial advisor who 10X their investment in a month (along with responses to the post backing up this claim). I really hope this video will save someone out there from financial disaster, but it's an uphill battle.

[@Supersharpshooter3121]

Great video, thanks. A future intro video into pensions and recommendations on options available would be useful

[@leestorm5640]

Good video, spotless so well.I am with you.Thanks

[@asgtube13]

Oh and thanks to videos like yours and Damien who educate us and help us open our eyes

[@ukwired08]

I just love how raw this video is... very well conveyed👌

[@UKGeezer]

Well ranted, these things need to be called out. Company pension default funds and financial advisor fees are just outrageous. My advisor wanted 4 grand for setting up a stocks and shares ISA and transferring an old company pension to a new pension, both had high ongoing fes of 0.46%. I got the impression immediately they just wanted my money. I told them very politely to piss off.

[@ChrisShawUK]

Fees based on a % rather than effort required are the pits. For transactional things such as setting up an ISA and managing a transfer, it should be possible to quote a fee in advance, before they even learn how much you've got.

[@shrinivasyerramshetty8790]

Thanks for the honest opinion, do keep coming up with such videos to help us invest better rather than jumping in blindly! Nice one!

[@dar4171]

Great video Toby, just what we need to know. It’s a minefield out there and scary to navigate. 👍🏻

[@DamienTalksMoney]

Thank you for the shout out!

[@drehsanrem]

Absolutely smashing. A good lesson for all the new investors. There is nothing called get Rich quick. Everything takes time and bit of effort. Please enlighten on the pensions. Especially the NHS pensions in which all doctors, nurses and allied staff pay into…and then have to pay a pension tax bill for something they have not even seen

[@TomsPersonalFinance]

The ridiculous thing about pensions is the rules keep changing. How is anyone meant to plan their pension/retirement when the annual and lifetime allowances keep changing? The lifetime allowance is now abolished, but the next Government can just as easily reinstate it. That being said, breaching the previous lifetime allowance and facing a tax bill was unlikely for the vast majority of people on NHS pensions. It shouldn't be something anyone has to think about though! Not to mention, unlike a defined contribution pension, you can't access your full NHS Pension until age 68 unless you take an early withdrawal penalty. Best bet is to have an ISA and your own SIPP alongside the NHS pension, which you can access at an earlier age. Obviously the problem with opening a SIPP is that if the pension lifetime allowance gets reinstated, there is a strong chance NHS pension + SIPP will breach it. So, there is no easy solution. Rant over as a fellow NHS employee 🙃

[@richardwhite1120]

Excellent once again Toby. This should be required viewing in all secondary schools. The number of people who lack financial literacy is a serious concern, and avoidable to a certain extent.

[@gothenburg83]

Great video Toby. I echo that Damien's video on pensions was brilliant.

[@michaelblack9813]

You're the man Toby.Honesty is the best policy.

[@kirsten121]

I am stuck with BC&E People's Pension until I move firm or retire as they don't allow partial transfers. I've asked my employer to consider switching to another provider. And yes, it had put me in some crummy default fund. Bet 99% of my colleagues have never even looked. I put my own money into my Vanguard SIPP.

[@philjupe4485]

Once again a brilliant video and fantastic you are raising awareness on the darker sides of investing. Keep up the great work.

[@donnyfanizzi5360]

Great video thank you.

[@stevemcenteggart250]

Love the rant. Very informative and accurate. Cheers mate

[@watsonalex1]

Couldn’t agree more with you & the many comments below.🙏👏

[@excalibur9768]

I'm just sticking to the FTSE All world. 'Boring' to some but probably the safest market. Regarding pensions, mine is defined benefit scheme (NHS) so probably lucky in that respect.

[@adrianl5899]

Good for you recognising the value of the NHS scheme and thanks for working in something so many of us rely on throughout our lives.

[@valerienewbatt9678]

Fantastic honest video with complete information, many thanks Toby

[@arigutman]

Great video, Toby, right there with you with your take.

[@TobyNewbatt]

Cheers Ari

[@bobdobalina276]

Toby, you discovered the therapeutic value of a good old moan at a relatively young age. Wisdom beyond your years sir! Preach it brother!

[@TobyNewbatt]

I’m a new man 😁

[@bobdobalina276]

@@TobyNewbatt Honestly, the women in our lives never quite grasp how happy and content a bl**dy good moan about the world makes us feel!

[@davidwestwood351]

Very useful for new investors! Plenty more to go on about

[@stevetodd9581]

The point about day traders and anyone looking for short term gains is true. I hated that when I first got into investing a year ago. After a couple of mistakes, I have a healthy mix of quality etfs (VWRL, VUSA, VHYL) and then some well thought out individual stocks that I believe to be solid. It means I can sleep at night haha

[@Abdul_Rahman86]

I totally agree. These mobile trading apps also make people think they’re all Wall Street traders. I spoke to a guy at work about stocks and shares. I told him my portfolio is 100% vanguard and how it doesn’t even have an app and how some purchase can take up to 3 days or have done in the past. He looked at me like I was insane. Turns out he’s an AMC, crypto and game stop kinda guy. 😂😂😂😂

[@paulirving989]

Great video Toby. I didn't really get interested in investing until quite late in life, although I've built up a decent pension over the years I've probably paid way too much in fees simply because I had no clue. I've learned a lot from a selection of you tube channels, namely Pension craft, James Shack, Damien, Pete Mathews and yourself. Luckily over the years I've become naturally cynical so filtering useful from crap content seems quite easy for me, but I do feel for those in their early years seduced by "guaranteed, quick and easy money".

[@Phil_f8andbethere]

Fantastic video Toby. There are so many sharks out there and it's great to see you calling it out. Yes, please do more videos of this kind. I came very close to getting a financial adviser, but then I suddenly thought - hang on, what would I be paying for exactly? I realised that I would be helping his portfolio more than mine, so decided to go low cost multi-asset route with majority of portfolio.

[@seamus7054]

I remember listening to an interview a few years ago between a journalist and ex-Arsenal and England goal keeping great. The journalist asked him if he personally invested the money he had earnt over the years. He replied - "Oh no, I pay some guy for that". I couldn't help but think that he was being taken for a ride. And he had no idea that that was the case. It seems to me that Americans, Canadians, Australians have more of an idea about personal finance than we Brits. Keep up the good work. AND KEEP ADDING A FEW MORE VIDEOS LIKE THIS... IT WILL HELP TO MAKE THE UNINTERESTED/UNAWARE MORE LIKELY TO WATCH AND LEARN.

[@AndrewSmith-pt7rj]

Love the video , raw , rant , unscripted and for once some truth .. well done .

[@MadderPrinciple]

Love this, you put it so well, I agree with it all, but what's with these overcomplex ETFs, keep it simple, keep it real!👍

[@maltesetony9030]

Superb video.

[@Andy72668]

Good rant Toby! All very true

[@torgutm]

A good rant but all points spot on. Well done.

[@tomezmaples]

Toby, I have been watching your videos for a few months and from what I can tell your advice always leads back to one simple investment strategy. Invest through your ISA to the max, use the EFT with the lowest fees available. Choose which index to invest in by pinning the tail on the donkey method, as no one on earth knows what is going to happen, tomorrow, and the only way to ensure this strategy works is by investing over the long-term.

[@RajSingh-tn5oy]

Question. If you move index fund from one platform/provider to another and resume DCA do you break the compounding process? Great video watch all of them

[@TobyNewbatt]

No it doesn’t stop any compounding.

[@simonhare6072]

I feel your passion - excellent video Toby

[@Learned333]

I'm going to assume that in the U.S. you mean 401k's versus pensions, because actual pensions are becoming exceedingly rare unless maybe you're like a fireman or police officer.

[@richardwall2330]

Sir !I have just watched your latest video and to date it must be the most accurate insight into the world of investment that I've been fortunate to have viewed You have highlighted the realm of BS that is so prevalent in the world of investment Sadly many will still let their egos get the better of them as they chase the unobtainable goal. Please keep up this top content many thanks from a very long-term investor

[@rulebritannia4006]

Hi Toby I love the content buddy you really get me thinking what is a good thing 😊. Can I asked yours or the viewer's opinion on the vanguard s&p 500 ucit etf accumulating fund it's what I'm heavily involved in but would love your personal opinion on it 👍👍

[@steviebooth]

Great video Loved it

[@jameswigginton5509]

Maybe FA's should get performance related pay,might as well put politicians with that too with the amount of BS we have to put up with on a daily basis. Oh,if they underperform they pay you....

[@jonathangiles4854]

Absolutely spot on with all of them. Lots of sharks out there. Best to educate yourself like watching videos by yourself/Damien. My pension is in the default fund so I do need to look at that more. There is 1,924 funds to choose from on their platform 😮

[@ChrisShawUK]

I'm pretty certain you can do a partial transfer from a company pension into your own SIPP while you are still employed. So you get the benefit of the company contribution, but then transfer it once a year into something you can control better. Might be worth checking with your company scheme (I only ever had SIPPs so it's not something I ever had to do myself)

[@troyfletcher1990]

The pension one is good. I logged in and found out I was on a very Conservative fund. Weighted in bonds, there was a 40% extra gain in a all world fund.

[@pelocitdarney5718]

Was it High Peaks Autos and his "room 101" video which inspired you to make this? Juust curious.

[@sandramcmahon1543]

It had to said Toby 👏 another great video to keep us on the right track hopefully 😊

[@TobyNewbatt]

Thank you Sandra!

[@timg1246]

Well, that was a cri de couer. Some decades ago, when I was new and un-wrinkled, a high street bank charged me 5% to put my money into a fund. When I realised how big a con that was, I never trusted a bank again.

[@TobyNewbatt]

5% blimey!

[@adrianl5899]

May I make a video suggestion? I noted that, unlike some others on this platform, when revealing your portfolio you pointed to times when return was negative. Whilst this didn't stop you from continuing investing (rightfully so), perhaps those not so experienced would atop. I wondered if a video showing what would hve happened to your portfolio, if, for example, you had sold/stopped investing in bad times and started again when things got 'smooth' - even if it took just a year period to show the consequences. May be a bit of hassle doing the calcs but potentially a 'why we keep going through the ups and downs' real-life example.

[@TobyNewbatt]

Thanks Adrian some nice ideas there will have to work out a backtest I can show. Thank you for your great contribution in the comments section btw

[@stephenlogan1248]

Great video once again.

[@stevegeek]

Good rant Toby. I think the investment industry is like many other industries, in that it is seems to be deliberately over-complicated, with many acronyms and long-winded terminologies, to make a closed shop and justify the existence of "experts" who make a living helping "normal" people to navigate all the jargon. Thanks to people like you, I'm learning how to cut through the BS! 😆

[@grahamgilbert9331]

Good on you Toby,you’re making me laugh but you’re so right and I can see doing this is good therapy for you… Me, I retire next year, am all in with SJP, and while my pot has unbelievably gone up 10% they’ve taken 2% in charged, so I’m faced with the dilemma of taking some of these Profits as cash to get me through future downturns in the market, or changing to a provider with lower costs like Vanguard… I’m thinking the latter is more important? Always enjoy your blogs..

[@TobyNewbatt]

2% is absolute daylight robbery...

[@neilc7358]

As always, another great video on the investment world, many thanks. I hope this small amount will help with further productions. After receiving an email from 212 regarding Transfer your portfolio from and to other brokers wef 15 Feb (ish). I would be grateful for your insight on this issue, especially pitfalls & benefits. And finally between you, Damien & Rami you guys are the only people I recommend watching to gain a better understanding of SIPPs, ISAs and brokers choices, keep it up. All the best.

[@TobyNewbatt]

Many thanks and also good suggestion for another video

[@OLLZ1234]

Great video, recently got into index fund investing and went with the Vanguard all world accumulating. Also in the process of finding out how my Royal Mail pension is invested as the figure they’ve estimated it would be worth in 30 years seems low considering how much is already in there!

[@dallassukerkin6878]

Very wise regarding your pension - I ignored mine for twenty five years and how little it was worth when I finally took a look was a big shock. A disgrace how poorly it has performed during the longest Bull Run in history.

[@seamus7054]

I also work for the Royal Mail and have done for over 20 years. Once a year you can request a transfer out figure from the Pensions Team - it is quite a thick document that gives a good breakdown. The latest scheme appears to be invested in cash, not compounding assets such as stocks. I intend to get out in a few years and transfer out whatever I can because the CAGR (compound annual growth rate) is diabolical, from what I can see.

[@OLLZ1234]

@@seamus7054Yeah I’ve been with them 6 years now, received a document stating how much was in there currently and how much would be there at age 60 so in 30 years time, initially it sounded like quite a lot but plugging the numbers into a simple compound interest calculator doesn’t make for good percentages baring in mind I’m at the top tier of contribution and what a simple stocks and shares ISA could achieve over 30 years with a conservative 6-7% return!

[@sirmacca09]

Nice work

[@sureshravindran4064]

So true. You make me laugh. What a flipping mess. 😂

[@georgewignall]

Covered call ETFs are available in the UK that are ISA and SIPP compliant - QYLD and XYLD are two examples... Where there's a will, there's a way...

[@TobyNewbatt]

Oh god….

[@checkCanopy]

I think there`s now a GBP version - QYLP.

[@peterellwood2103]

I feel like you need a hug 🤣 one of your most entertaining videos! Missed out crypto though!

[@shimsteriom4191]

I do like a good rant 👌

[@constantinemiller7257]

I think it’s important that 99.9% of people don’t over complicate investing and buy a low cost index fund. However, there will be people who genuinely enjoy the research, the reading and who can see a career for themselves as an investment professional. For these people I say, give it a go. If you fail miserably over a 5-10 year period, the ETF’s will still be there. If you succeed, you might have found a life time passion and career which is something very rare these days.

[@ChrisShawUK]

Investment professionals invest other people's money, so they don't really experience the consequences of their research. I have a friend who is one, and his own money is just in index funds (and he has quite a lot of it, being an investment professional of course)

[@sfilali]

Good point on the financial advisor fees - wouldn't it make sense they get a % cut on one's investment profits and give back the same % refund if the investments underperform?

[@TobyNewbatt]

Good luck getting someone to sign up for that lol. But I think surely we need a better way to

[@__Rum-Ham__]

No. 2 really gets to me. Classic example is a Motley Fool article saying “here’s how much I’d be making in dividend income if I’d invested £10,000 in national grid.” I mean, who in their right mind would invest £10,000 in national grid? 😂 I used to subscribe to their stock advisor service but those kind of click bait articles did my head in, so now I’m 100% index and chill 😎

[@drjanemccartney]

Great Video as ever Toby, perhaps another one if a few months, we all need to take a few deep breaths after this informative ‘ rant’…and breathe….

[@TobyNewbatt]

Im a new man now that this one is done 😂

[@Zero-Investing]

Great video 👌

[@TobyNewbatt]

Thanks 👍

[@jabberwockytdi8901]

Alongside the cost and poor performance of many workplace pensions the biggest scandal is fact that people have no idea they are not contributing enough. Employers should be required to provide training on pensions. People look at the retirement standard of living their parents had and assume they will be in the same position , but the transition to all DC workplace pensions means most employers now contribute far less than before and the minimum employee contribution is way too low. This is a ticking bomb not just for those who are going to be much poorer in old age than they expect but also the economy in general.

[@derekwelbeck9327]

This rant is gold 😂. Do more please!😄

[@TobyNewbatt]

Haha will do as things crop up that annoy me!

[@AbstractType1]

Great video! The P&Ders i particularly hate are the celeb ones like Elon and Chamath that (allegedly) manipulated retail buyers with impunity. Zero consequences.

[@adrianl5899]

How on earth what appears to be complete journalist shilling goes on, I don't know. 'If I had £10k I would buy xyz' - you mean, please buy xyz' because I already have and want to make some quick bucks. That very prominent people can do it is sadly also no surprise.

[@jackumentory]

I wanted comment because after my first year of investing i have the same sentiment for many things and i have come to accept that the only that is consistent is that everyone is trying to make money. i’m going to ask Damian, sasha and romin the same thing… but what are you favourite source of good from the investing industry? could be anything from online services and tools, to companies who are fairly transparent, to books and strategies or even trustworthy influencers etc…

[@Ken_H_]

I've been a gambler for nearly 40 years and it's worrying that there are so many similarities between the two industries. I know folk that wouldn't have a fiver on a horse but would stick £500 on a stock tip because shares are 'investing' (which is smart) as opposed to betting (which is for mugs). Financial influencers are no better than tipsters, in fact I'd argue that's they're worse and something that should be illegal. Didn't a couple of journalists from the Mirror not end up in clink for similar activities ... one of the fellas involved ended up editing a gambling magazine when he got out, Leeson wrote a column in it too ... the magazine went bust. Keep up the good work.

[@vh1775]

Another great vid Toby

[@TobyNewbatt]

Glad you enjoyed it

[@87vortex87]

Well you got that off your chest 😉 good video, hope it also gave you some peace of mind. 😜

[@grove57s]

Great video Toby

[@TobyNewbatt]

Thanks 👍

[@livingart2576]

Words of wisdom as usual mate 👍👍😀

[@TobyNewbatt]

Thank you kindly

[@finnwheatley2194]

This was great!

[@TobyNewbatt]

Cheers Finn!

[@Norfolkpaul]

Time for coffee 😊nice job on your video

[@TobyNewbatt]

Thank you

[@AidenRhino]

What are your thoughts on Vanguard Target Retirement Funds?

[@adrianl5899]

They are designed to de-risk through what's called lifestyling. Essentially as the retirement date approaches, you see your equities % reduced and bonds % increased. This method is really for those who will convert their pot to an annuity, as they need to be de-risking in the period before converting to an annuity. It's not really a design for people who want to use drawdown. A lot of people use them not realising this, and it's really quite fundamental. I do not use them, and would not use them by choice*. And that's the case even if I did want an annuity. This is because I can more cheaply run a passive portfolio than those Vanguard TR funds. I can also do my own rebalancing in a sensible way, without having the imposition of having to have pretty much a set % and be selling/buying too frequently. Vanguard are popular and I do use some products. But they're actually not the cheapest in many cases, nor are their products even that well performing in some cases. *If I had a workplace pension which only offered a lifestyling fund, I would want to pay into it to at least maximise my employer matched contribution. But what I would do is to set the retirement date in a way that matches my risk appetite. So, if I don't want them to move me to bonds too quickly for my taste, I set my retirement date later than whatever it is currently set to. (The opposite would be true if you actually wanted to be put into bonds sooner than what your existing retirement date would do). All that said, like the Lifestrategy ones, these products are not 'wrong' so to speak and may be fine IF people understand what they are for, their pros and cons, and if they match their goals. They are just not for me.

[@ptiago281]

Great video, please do more 😅👌🏻

[@TobyNewbatt]

😅

[@drilllord6207]

It’s an absolute joke people are allowed to just sell “trading” courses and anybody with a following is suddenly a trader. Fca won’t allow you to buy certain low cap stocks on brokers, yet allow randoms to promote anything to anybody without any financial background

[@jackmanelski3536]

Great video!!! 👍 thumb up, to help the YT algorithm 👍

[@Lovemy911]

5.11 , highly paid footballers still get paid whilst sitting on bench! Similiar to financial advisers & hedge fund managers 😮 Enjoying the channel still 👍

[@anthonybrown4874]

I think that the Damo video really highlights the unfairness in the auto enrolment industry its so opaque still waiting for a statement of charges from mine 18 months after joining and the performance reports published in Q1-4 is always at least 3 months behind sometimes as much as 6 just awful it would be appreciated if you took a stab from your point of view given that invest engine are introducing a SIPP itmight be a good moment.

[@timlodge8267]

Don’t forget financial advisers when you speak to them the first thing they look at your risk appetite with a series of questions and if your risk was low at the time the FA were advising to put all your money into bonds as they were low risk at the time well we all no how that turned out.

[@camperera8112]

Talking about grifter /day traders/scammers , Greg Secker comes to mind...

[@chandrakanta5838]

Hi toby Your content never disappoint us. Thank you for your efforts. I am new here in UK i came in as a skilled working visa i wonder if i can start investing UK stock market. Would be great help if you know the rules however i have searched for it in google but kind a got confused feedback. Not clearly stated.Thank you in advance 💚

[@timlodge8267]

I have been following the stock markets for years and from a early age I have learnt not to trust Fund managers as they are trying to predict future returns I would rather buy the S&P 500 as over the long term this beats most fund managers and you would not be lining their pockets for poor advice.

[@clarkeysam]

The difference classes of funds annoy me. I rarely understand the differences, and I'm significantly more informed than the vast majority of the public.

[@juliat50]

Seems like I am in the minority reading the comments. I paid off my mortgage at 29 years old from Tesla and Bitcoin investments. Always factor in inflation to your gains. Index funds will barely cover that. You will be treading water. Innovative technology is where you make real gains, but a lot of research is necessary.

[@RajaseelanGaneswaran]

Lol, those dang fool articles. I've clicked on them all 😅😅😅

[@mhoward181]

I don’t understand what ETF and index means. Cos when u look at the ETF it’s says it’s an index fund anyway. So it’s weird. Vanguard global developed has these 2 that sounds the same and how do u decide.

[@ChrisShawUK]

Yeah, they are totally abusing the term. A mutual fund is where you buy units in an investment strategy (active or index tracking). You apply for units and get allocated them in exchange for cash. Those unit prices are calculated once per day and you can only sell them back to the fund you bought them from. ETFs are funds whose "units" are in fact shares which are tradeable just like any other share. An imperfect analogy would be to consider Berkshire Hathaway share as tracking apple (and other stocks). Somehow the marketing got mixed up and people think that index funds and ETFs are interchangeable. They are in fact completely different concepts.

[@ChrisShawUK]

In China at the moment, there is an ETF which is priced 50% above book, which makes no sense whatsoever. However, Chinese investors want them because it's the only way to buy foreign stock. So demand pushes up the price

[@beaverundercover3479]

If I own and run a start-up company should I put a lot of money into it.

[@TobyNewbatt]

Personally when you go and invest in yourself this is the ONLY time that I can say going all in is fine.

[@aturan-fo1qt]

Hi Toby, I am curious about your personal approach to commodities (gold, silver, uranium, etc) for diversity?

[@ChrisShawUK]

Generally speaking, diversity does not mean investing across asset classes. So in the asset class of stock, you might buy the whole market rather than just a few stocks. Picking asset classes is super important but not from a diversity point of view. Investing in stocks, bonds, property, wine, art, crypto, commodities etc all require completely different knowledge. Knowing how to invest in stocks is not going to help you trade gold. Pick one or two asset classes, educate yourself about how those classes work, and yes, diversify within those classes.

[@stevegeek]

I've set a price alert with my ii account to "buy the dip" with a physical gold ETF (Invesco SGLP) for a small % of my SIPP (

[@ChrisShawUK]

@@stevegeek it's an interesting point about how you should baseline reference the performance of different asset classes. Like shares can be compared to the index, so it's valid to ask "did my basket of stocks do better or worse than the index" But when you compare different asset classes it gets harder. All you can say is that it is either more or less than the return of something unrelated. I suppose you could compare gold to inflation since that what's it commonly held to protect against

[@stevegeek]

@@ChrisShawUK Yes, I've also heard about gold and inflation being compared. I'm trying to get my wife to invest in a S&S ISA with some of her savings and she likes the idea of buying gold, but mostly because it sounds more sexy than boring index funds! 😆

[@ChrisShawUK]

@@stevegeek ah yes, well being sexy and being wealthy are two completely different things. I know very little about the former.

[@tridau]

Deep breaths Toby. Grab yourself a beer.

[@lifeisagame2023]

Nice n ranty. Can see u getting uptight lol

[@TobyNewbatt]

Nothing grinds my gears more 😂

[@pickashole]

3:17 sounds like the motley fool articles

[@TobyNewbatt]

Don’t even get me started…I feel sorry for the junior hacks who have to write them

[@GavinLawrence747]

@@TobyNewbatt I didn't even realise the Motley Fool articles that I get spammed with were written by a human ? I thought it was all bot spam? lol

[@80y3r9]

Oh yeah, ask gareth bale what his golf handicap is..

[@FirstMM]

You heard it here first..., Toby says "the best investing strategy would be 1 stock"! Yes, context is everything (and that isn't what Toby said, even if he said it).

[@TobyNewbatt]

All in bro to the moon! lol