Everyone talks about diversification, but how diverse do you really need to be? Can you just invest in one fund? Ramin Nakisa is personal finance YouTube royalty in the UK. He walks us through some of the major assets classes and their pros and cons - but also why one investment might just be enough for you to beat most professional investors, forever.
This episode was recorded in July 2023 so some information may have changed since then.
đ¨âđ¨âđ§ Sign up to free webinar on inheritance tax
â â https://makingmoney.email/IHT-webinar-audioâ
đ¤ Make the most of your money with a financial adviser
Get professional support 1:1 planning your finances: â https://makingmoney.email/financial-advisors-audioâ â
đ Sponsors
Odoo - test their Sign app for free: â https://www.odoo.com/r/MMâ
Vanta - Get your company secure and compliant, with $1k off: â https://vanta.com/makingmoneyâ
Tide - Get up to 4.22% AER (variable) on your business savings. Use this link â https://www.tide.co/offers/makingmoneyâ or the code 'MAKINGMONEY'. You'll also get ÂŁ100 if you fund your account with ÂŁ5,000 in the first 30 days. Ts&Cs apply.
The more you save, the higher the rateâup to 4.22% AER (variable) on balances over ÂŁ1M. New Tide members receive these rates free for 6 months, then your Tide planâs savings rate and thresholds apply. Visit â https://tide.co/savingsâ for full terms and conditions.
đ Investment platforms we use:
Trading 212
Watch this video where Damo explains how to get the most from it:â â https://youtu.be/BVVZhrM0LVQâ â
Get a free share worth up to ÂŁ100 when you sign up for a new Invest or ISA account and deposit at least ÂŁ1.
Use the code âMMâ or this link:â â https://www.trading212.com/join/MMâ â
InvestEngine
Get up to a ÂŁ50 bonus when you invest at least ÂŁ100.
â â https://investengine.pxf.io/daOD2Qâ â
Vanguard
Minimum investment of ÂŁ500 or ÂŁ100/month.
â â https://www.vanguardinvestor.co.uk/
--
If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.
This is not financial advice. The reason itâs not financial advice is because itâs not tailored to you. We explain the principles of building wealth but if you want personalised advice, itâs worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.
