The Meaningful Money Personal Finance Podcast

the past nine weeks we’ve been talking about investing for success. Over that period and for several months before that, I have had requests for my thoughts about motivational guru Tony Robbins most recent book, Money, Master the Game. So, to round off season two of this podcast, I’ll review the book and let you […]

Over the past eight weeks, we’ve covered the basics of investing; enough so you can probably get started. Now I want to round up what we’ve learned in ten steps to investment success.

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Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk

Ten Steps To Investment Success

Clearly, there is more to investing than we’ve been able to cover in about four hours of podcast time over the past eight weeks. But what we have learned is probably enough for most folks to dip their toes into the deep waters of investing.

What follows is the past eight weeks distilled into ten clear steps for you to follow. Listen back to sessions 1-8 of this season for more clarification on anything I go through.

In this session, you'll discover:

1. How to get clear on what you're aiming for with your investments
2. How to increase your savings level without it hurting
3. How and where to get your risk tolerance measured
4. Why you should stick to strategic asset allocation and ignore tactical allocation
5. The easiest way to get all this stuff right
6. How and why you should choose your platform and tax wrapper
7. How often you should review your portfolio and what you should consider when you do
8. How to make sure you get out of your own way when investing

Resources mentioned in this week's show

Risk Measurement: myrisktolerance.com Platform Guide: the lang cat guide to direct platform investing And of course, there's a full transcript of the show available by clicking the big blue button below! 

Join the conversation

I love to read and respond to your comments, so please do join in and share.

Question: How many of these steps have you taken?

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If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

Over the past eight weeks, we’ve covered the basics of investing; enough so you can probably get started. Now I want to round up what we’ve learned in ten steps to investment success. Podcast: Subscribe in iTunes | Play in new window | Download Sponsor Message This podcast is brought to you with the help […]

What if you want to invest according to the principles I’ve talked about over the past few weeks but you can’t be bothered with all the research and reviewing that this takes? This week we’re going to talk about off-the-shelf investing; the lazy person’s guide to investing well! Podcast: Subscribe in iTunes | Play in […]

What if you want to invest according to the principles I’ve talked about over the past few weeks but you can’t be bothered with all the research and reviewing that this takes? This week we’re going to talk about off-the-shelf investing; the lazy person’s guide to investing well!

Podcast: Subscribe in iTunes | Play in new window | Download

Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk

The lazy person's guide to investing

I make no apology for admitting that in some areas of my life, I am a bit lazy. Don’t get me wrong, I work hard, and I hardly ever watch TV, but I don’t like spending time on things that don’t interest me. And despite what you might think for someone who preaches on this show about investing every week, I’m not even remotely interested in managing my own investments.

I know that some people are, and that’s why I love to give out information, including LHTI, to help those folks. But what if you’re like me? What if you want to take the path of least resistance and still invest according to the best practice of things like asset allocation, managed volatility and all that jazz? This show gives you the lazy person's guide to investing...

In this session, you'll discover:

1. How to tap into economies of scale
2. What it is you're really buying when you go off-the-shelf
3. How and why to keep the costs down
4. The first thing you need to do when investing this way
5. Which investment sectors to look in for these types of funds
6. How to find the right funds
7. The main measure to filter the available funds

Resources mentioned in this week's show

Risk Measurement: myrisktolerance.com

Video: Active vs Passive Investing

Podcasts: Season 2, Episode 2, and Season 2, Episode 3

And of course, there's a full transcript of the show available by clicking the big blue button below! 

Join the conversation

I love to read and respond to your comments, so please do join in and share.

Question: Are you a keen investor or a lazy investor?!

Share the love

If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

If you build a portfolio right at outset, it should - I believe - largely look after itself. But you should still keep an eye on it of course. In this week’s show I’m going to be covering the basics of how to review your portfolio as the years go by, to ensure it still serves the purposes you set for it.

 

Podcast: Subscribe in iTunes | Play in new window | Download

Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk

How to review your portfolio

Reviewing a portfolio has the potential to be a bit like annually clearing out the garden shed - not a job you look forward to, and maybe one you keep putting off. Perhaps you haven’t cleared out the shed in a very long time…

But while reviewing your investments is important, I also want to downplay it a little bit. A lot depends on your interest in matters of investing, and how hands-on you want to be. Fortunately, there are options for everyone, so let's look at how to review your portfolio...

In this session, you'll discover:

1. The difference between a portfolio and a financial plan
2. What I think about benchmarks
3. Why your definition of success is the only one that matters
4. How often you should review a portfolio and when you should conduct ad-hoc reviews
5. Why context is so important when reviewing your portfolio
6. That rebalancing is a key discipline
7. That it is vital to have good decision-making structures in place

Resources mentioned in this week's show

Podcasts: Sessions 154, 155 and 156 - all about building Net Worth

Podcasts: Sessions 108, 109 and 118 - all about making good financial decisions

Other shows: Money To The Masses and Informed Choice Radio

 

Join the conversation

I love to read and respond to your comments, so please do join in and share.

Question: When was the last time you reviewed your portfolio? Be honest!

Share the love

If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

If you build a portfolio right at outset, it should – I believe – largely look after itself. But you should still keep an eye on it of course. In this week’s show I’m going to be covering the basics of how to review your portfolio as the years go by, to ensure it still […]

Last week we looked at choosing a platform, and I said that a platform was essentially just an admin system which allows you to hold different kinds of accounts . But which tax wrapper is best for which situations? This week we're looking at choosing the right account...

Podcast: Subscribe in iTunes | Play in new window | Download

Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk

Choosing the right account

I’ve said countless times on this show that simple is best. I come across clients with lots of different tax wrappers with loads of different providers, and with no cohesive strategy for how these disparate plans are intended to achieve their aims. Most people need two kinds of accounts, or tax wrappers: one for medium term savings, and one for longer term. Let’s dig into that now, and look at everything you need to KNOW and everything you need to DO, to choose the correct tax wrapper for the job…

In this session, you'll discover:

1. That different accounts serve different purposes
2. That tax is an important factor in the choice
3. Why compounding is possibly the most important factor of all
4. That timescale is an easy factor to make a high-level choice
5. Which investment limits to look out for
6. Why it isn't always necessary to choose  one account over another

Resources mentioned in this week's show

Podcast: Season One, Session 80 - Pension or ISA? 

 

 Try Audible for Free

Free email course - Learn How To Invest

 

Join the conversation

I love to read and respond to your comments, so please do join in and share.

Question: Which account(s) are you saving into?  Why did you choose one over the other?

Share the love

If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below:

Last week we looked at choosing a platform, and I said that a platform was essentially just an admin system which allows you to hold different kinds of accounts . But which tax wrapper is best for which situations? This week we're looking at choosing the right account… Podcast: Subscribe in iTunes | Play in new […]

Last week we talked about asset allocation and choosing the right kinds of assets and funds to invest for your future. These days, most people invest via something called a platform. This week I’ll be looking at why that is the case, whether or not that approach is right for you, and what criteria you should look at when choosing a platform.

 

Podcast: Subscribe in iTunes | Play in new window | Download

Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk

Choosing a platform

Now I have looked at platforms before in Season One of this show. Listen back to Sessions 11 and 75. These will give you some more depth if you want to add to today’s session. But by the end of today’s episode, you should be have everything you need to know and everything you need to do to when choosing a platform.

In this session, you'll discover:

1. What a platform really is
2. How to choose one over the other (hint: it's pretty subjective)
3. The key differences between adviser platforms and direct to consumer (D2C) platforms
4. Why you should do your homework before choosing your platform
5. The charges you need to look out for
6. Why it's OK to dip your toes in and try a platform out...

Resources mentioned in this week's show

Podcast: Season 1, Session 11 - Platforms, Wrappers and Funds Podcast: Season 1, Session 75 - Direct Investment Platforms with Mark Polson Podcast: Season 1, Session 125 - The Rise of the Robo-Adviser, with Al Rush Download: Pricing guide to direct platforms, from The Lang Cat

Previous episodes in this season

Podcast: Season 2, Episode 1 - Why Invest? Podcast: Season 2 Episode 2 - Risk, Volatility & Timescale Podcast: Season 2 Episode 3 - Know Yourself: Risk Tolerance & Risk Capacity Podcast: Season 2 Episode 4 - Practical Asset Allocation Try Audible for Free

Free email course - Learn How To Invest

 

And of course, there is a full transcript available by clicking the big blue button below:

Join the conversation

I love to read and respond to your comments, so please do join in and share.

Question: Have you chosen a platform? What made up your mind which to use?

Share the love

If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below: