The Ultimate Guide to INVESTING, Part 2

[@R8135003]

Hi, just found this video, 04/08/23 so two years have passed. You mentioned that if you have an ISA that you can take money out say £5k, need to buy a car or whatever. This then closes the ISA account. Later you invest the max allowance of £20k. At some point after that £20k investment you can re-invest the £5k as long as it is within that tax year. Does closing the first account nullify ones ability to re-invest the original £5k. Financial housekeep is a joy. Loving the work and enjoying more recent videos. Be lucky stay safe.

[@helixvonsmelix]

You need 3 accounts. SIPP, S&S ISA, and GA. You need GA if you are lucky enough to fill you ISA before the end of the tax year.

[@xoReni]

Great video! I always learn so much from you

[@iannixey8779]

Amazing content

[@sagarshah4214]

Thank you so much!

[@ljh123ish]

Great channel needs more recognition

[@MeaningfulMoney]

Thank you - I appreciate it!

[@myamazinglife3954]

Hi Pete, another excellent video/podcast, I thank you very very much :)

[@AaronKnightley]

Great video. I’m about to cover off a very similar guide. Thanks for putting this out there for us to watch.

[@johnboyginger]

Amazing content for free. Wish I’d discovered you years ago. Thank you.

[@theartofmoneysaving5919]

• Started listening to this earlier on before hopping in the shower 🚿 • Very relateable material & perfect for those starting their investment journey 💪

[@frugalspender2142]

Hi Pete, Love your podcast, every episode inspires me. Your book and many others have helped me whip my finances into shape. I'm finally in control and can see that having money in the future is going to really happen and not something just 'rich' people have. I am lucky enough to have a defined benefit pension where I contribute 13.4% of my salary. I have just recently gone back through all previous employer pensions (4 in total) and combined into a SIPP. I am investing into a S&S ISA (100 equity- I'm 31 so trying to be aggressive). As I have a defined benefit pension (public sector) do you think its even worth focusing on SIPP contributions in comparison to ISA, considering I will get a pretty good salary after retirement?

[@NSLondon1]

Pete, thank you for the video, very interesting. You mentioned there could be some benefits to combine a work pension and a personal pension, but not necessarily. Could you please explain? Thanks.

[@simikhanna7650]

Very useful, Thanks! Please direct me to the link you mentioned of 'Passive Multi-Asset funds'.

[@MeaningfulMoney]

I think this is the link you're after, Simi: meaningfulmoney.tv/2017/01/18/how-to-choose-a-multi-asset-fund/

[@biancaguimaraes-chadwick195]

Great video, thanks Pete!

[@johndoh539]

Great video Pete. Some interesting points regarding when and which to access first ( ISA or pension). I have ISA and sipp, as well as what will be a small company pension. With my aiming to retire early (61) using company pension and ISA,s am I correct in thinking of leaving touching the sipp as long as possible to let the tax free money grow and due to more efficient inheritance tax rules to pass to my wife or/and children. Any comments on this, and would it be worthwhile touching on this subject in one of your videos. thanks again. Also once we are all vaccinated do you think we could be in for another "roaring 20's)

[@MeaningfulMoney]

Hi John. If you have enough other money to live off, there's always merit in leaving your pension to grow as long as possible. Pensions are outside of your estate under current rules, hence not chargeable to IHT. Regarding the economy, I don't think it was broken before COVID, so I think it could recover strongly. There will be fallout from all this though, which will take a while to work out.

[@jakefurze3109]

Hi Pete, great video, really enjoyed this two part series. In regards to passive multi-asset funds, what are your thoughts on passive multi-asset funds that are target dated like a target date retirement fund with a stocks/bonds glide path? Would you recommend a fund like this within a stocks and shares isa for a lazy investor ;) ? Thanks, Jake

[@MeaningfulMoney]

Good question, Jake. I'm not a fan of target-date or lifestyle funds because that's just a bit too far when it comes to laziness! I believe that life has a nasty habit of changing our plans, so setting a date in stone is unwise. I prefer to pick one day a year to take a quick look at things and make sure that your current investments are fit for purpose in light of your current and anticipated circumstances. It shouldn't take long, but it's a more intentional way of working.

[@jakefurze3109]

@@MeaningfulMoney Hi Pete, thank you for the quick reply, very helpful. I know you can't recommend specific funds, I was considering Vanguard's lifestrategy or target date range but I think LS edges it and would be more intentional to look at once a year like you said. Thanks again, keep up the good work, stay safe