Many Happy Returns
Advice to My Younger Self: What I Wish I'd Known About Investing
Sep 6, 2023
In this podcast, the hosts discuss the investing advice they would give to their younger selves, including the importance of index funds and risk assessment. They explore the benefits of being a passive investor and the emotional attachment of stock pickers. They also delve into investing mistakes, accountability, and measuring wealth. The episode highlights the low median individual net wealth in the UK, the challenges of building wealth in your 30s, and the lack of investment engagement in the UK compared to the US.
36:04
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Quick takeaways
- Start learning about investing early and gradually build core knowledge.
- Take control of your pension and ensure asset allocation aligns with financial goals.
Deep dives
Start learning about investing early
When the hosts reflect on what investing advice they would give to their 21-year-old selves, they emphasize the importance of starting to learn about investing early. They regret not having knowledge about investing when they were younger and acknowledge that being educated about the subject is crucial. They stress the significance of focusing on core knowledge in the beginning and gradually building on that. Additionally, they caution against following recipes for beating the market and highlight the abundance of misinformation in the investing world.
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