TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.com

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including Transact price reductions, disastrous Lifestyling consequences, Métis Annual Planning Day, US$6TN in cash, Financial Planning Week, Irish IX set for launch, Hargreaves Lansdown pension complainant, Capital is recruiting, HUM London speaker suggestions please, TRAP Live update
• Meat and Potatoes: Investment Fundamentals 101
• Questions posted by our beloved TRAPists Chris Bowers: https://www.linkedin.com/in/chris-bowers-043190174/ 
• Culture Corner

Links referred to in the show:

• NL Investment Philosophy: https://www.dropbox.com/scl/fi/ow70abae5od6a52tymvan/V2V-Investment-and-Asset-Allocation-Philosophy-2024.pdf?rlkey=w2yg7mbt3eyoznckdcm1hje3s&dl=0
• AH - Transact price reductions - https://www.transact-online.co.uk/introduction-january-2024/
• AH - Lifestying revisited - FT Podcast - high return to low return - missed returns now capital destruction - https://www.ft.com/content/ab059105-b9f5-4e7e-8896-dbdede87c3af
  https://henrytapper.com/2024/01/27/no-one-cares-as-much-about-your-pension-as-you-do-but-claer-barrett-comes-close
  Lifestyling your way to poverty - Maven Money - https://www.mavenadviser.com/podcast-9/lifestyle-poverty 
• CW - Metis Annual Planning Day https://www.linkedin.com/feed/update/urn:li:activity:7153120249381376001/
• NL: Record amount sitting in cash in the US ($6TN): https://apolloacademy.com/6-trillion-on-the-sidelines-in-money-market-funds/
• AH - Financial Planning Week 2024 - Jan 22-28th - https://www.cisi.org/cisiweb2/wayfinder/tips-and-tools
• AS - New HMRC app https://apps.apple.com/gb/app/hmrc/id514561561
• AS/NL: lunatic gambles away pension pot and then runs to Mummy crying: https://www.ftadviser.com/sipp/2024/01/22/pensioner-urges-hargreaves-to-create-safeguards-after-he-gambled-awa

============================
Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here.

Help us to help you! The more followers we have, the more we can do stuff going forward. So please:

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TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.com

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including Irish salary sacrifice, Ray Trapani interview with Storyteller and BitCoin ETFs, NextGen and Verve adviser resources, cash flow as an “optional extra”, Timeline Classic 50 MPS laudits
• Meat and Potatoes: ABL - Always Be Learning
• Questions posted by our beloved TRAPists www.twitter.com/abb04645603
• Culture Corner

Links referred to in the show:

• CS - salary sacrifice https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-05/05-01-01k.pdf
• AH - a year in returns: https://novelinvestor.com/2023-a-year-in-returns/?mc_cid=dd7293af86&mc_eid=60c55a4dd8
• AS - NextGen and Verve resources: https://www.nextgenplanners.co.uk/academy https://thevervefoundation.co.uk/incubator/
• NL - BitCoin ETF: https://news.bitcoin.com/vanguard-deepens-anti-crypto-stance-after-disallowing-spot-bitcoin-etf-trading-ark-ceo-says-its-a-terrible-mistake/
• AH - Timeline Classic: https://portfolio-adviser.com/defaqto-names-timeline-classic-50-as-most-recommended-mps-by-advisers/
• Google Keep: https://keep.google.com
• Evernote: https://evernote.com/
• Readwise: https://readwise.io/
• CW: Michael Kitces podcast on the “big swap” for Finacial Advisers - health and wealth https://podcasts.apple.com/ie/podcast/financial-advisor-success/id1190341231?i=1000640311861
• NL: Dead In The Water:Murder and Fraud in the World's Most Secretive Industry
  https://www.amazon.co.uk/Dead-Water-Murder-Secretive-Industry-ebook/dp/B09LXD9LSP/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=
• AS - Ali Abdaal Feel Good Productivity https://www.amazon.co.uk/Feel-Good-Productivity-Achieve-More-Matters/dp/184794373X y 
• AH - The Family Board Meeting: You Have 18 Summers to Create Lasting Connec

============================
Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here.

Help us to help you! The more followers we have, the more we can do stuff going forward. So please:

• Subscribe and Like our YouTube Channel
• Leave a 6/5 star review on iTunes
• Share TRAP with your peers and colleagues
• 'Enjoy' the Twitter chat at @AdviserPodcast.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.com

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including a clash over FIRE, Morgan Stanley’s woeful 2023 prediction, the follies of mis-asset allocation, BitCoin
• Meat and Potatoes: Three Wins, Two Learns, One Goal
• Questions posted by our beloved TRAPists Guy Skinner (http://linkedin.com/in/guy-skinner-citygate-financial-planning) and Benjamin Mitchell (www.twitter.com/themoneyscot)
• Culture Corner

Links referred to in the show:

• NL: IFA Forum late burst on 31st December to 428 members. www.tiny.cc/ifaforum
• NL: Morgan Stanley prediction for 2023: https://www.thinkadvisor.com/2022/12/19/new-stock-market-low-coming-in-2023-morgan-stanley-strategist/?kw=New%2520Stock%2520Market%2520Low%2520Coming%2520in%25202023:%2520Morgan%2520Stanley%2520Strategist&utm_source=email&utm_medium=enl&utm_campaign=topstories&utm_content=20221225&utm_term=tadv
• AS - comments on LI post https://www.linkedin.com/posts/alancapital_heres-where-the-sharpest-brains-on-wall-activity-7146472490666508288-nN2b?utm_source=share&utm_medium=member_ios
• CW: The bitcoin story in full Bitcoin above $45,000 for first time since April 2022 (rte.ie)
• NL: Top books from 2023
  https://www.goodreads.com/book/show/60018618-unreasonable-hospitality
  https://www.goodreads.com/book/show/17572998-the-bet
  https://www.goodreads.com/book/show/55223171-ask
  https://www.goodreads.com/book/show/122765395-elon-musk
• CW: Netflix Blue Zones https://www.netflix.com/ie/title/81214929
• AH - The Love Expert: The REAL Reason We’re Lonely, Loveless, Depressed - Alain De Botton, School Of Life - https://www.youtube.com/watch?v=oI7BxBNp1uE 
• AS: Salary Survey BWD Financial

============================
Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here.

Help us to help you! The more followers we have, the more we can do stuff going forward. So please:

• Subscribe and Like our YouTube Channel
• Leave a 6/5 star review on iTunes
• Share TRAP with your peers and colleagues
• 'Enjoy' the Twitter chat at @AdviserPodcast.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.com

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including a Royal London/Lang Cat report on value, the strong market close to 2024, some boring Bitcoin updates, the wickedness of pension complications, and client Xmas pressies - yes or no?
• Meat and Potatoes: Crushing Content Creation
• Questions posted by our beloved TRAPists www.twitter.com/@paulcleworth https://www.linkedin.com/in/paulcleworth
• Culture Corner

Links referred to in the show:

• AS: https://pca.st/episode/cc60d64a-b361-455c-8366-ed7be8ce04cf://pca.st/episode/cc60d64a-b361-455c-8366-ed7be8ce04cf 
• https://adviser.royallondon.com/campaigns/people-powered/deliver-value-for-your-clients/explore-our-meaning-of-value-research/ 
• NL: it’s almost wicked how complicated pensions have become again. The layman has no chance: https://techzone.abrdn.com/anon/public/pensions/finance-bill-tax-free-cash-2024?Opendocument=&utm_campaign=ADV-TEC-Not-Eligible-18122023&utm_medium=email&utm_source=Eloqua&utm_content=CSLAR000000163451&SHA=155d4e8dc50eeae367eafd2801a697a915f33e1ab43bb7a960f033783dd77950
• AS GEM ; Hugh van Cuylenburg Video! https://watch.amazon.co.uk/detail?gti=amzn1.dv.gti.374d37ba-da4f-4b30-a297-912cfea97173&territory=GB&ref_=share_ios_movie&r=web 
• AS - Jeff Bezos on Lex Friedman https://youtu.be/DcWqzZ3I2cY?si=dvG79OxOkStq9c6F 
• NL: Trillions (Kindle) by Robin Wigglesworth: https://www.amazon.co.uk/s?k=trillions+robin+wigglesworth&crid=3G26J5N00FU6M&sprefix=trillions%2Caps%2C84&ref=nb_sb_ss_ts-doa-p_2_9
  Robin was on Bulletproof Entrepreneur S2E3: https://pca.st/ro3od2ni
• AH - Historical Newspapers - https://www.historic-newspapers.co.uk/ 
• CW: Accepting Change - a meditation by Sarah Blondin

============================
Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here.

Help us to help you! The more followers we have, the more we can do stuff going forward. So please:

• Subscribe and Like our YouTube Channel
• Leave a 6/5 star review on iTunes
• Share TRAP with your peers and colleagues
• 'Enjoy' the Twitter chat at @AdviserPodcast.

TRAP LIVE IS HAPPENING ON 9th MAY 2024. REGISTER YOUR INTEREST HERE: www.therealadviserpodcast.com

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including the passing of Bill Vasilieff and Charlie Munger, Sunday Times on Value Assessments, Paul Lewis and sitting in cash, JP Morgan Retirement Report, lunch with a legend
• Meat and Potatoes: Centres of Influence - Marketing Series 2/3
• Questions posted by our beloved TRAPists www.twitter.com/@MApowling and www.twitter.com/themoneyscot https://www.linkedin.com/in/benjamin-mitchell-695897101 
• Culture Corner

Links referred to in the show:

• AS - Sunday Times report on Value Assessments https://www.thetimes.co.uk/article/buried-treasure-why-are-fund-value-reports-so-hard-to-nd-vfzpdgxvl
• NL: (H/T to www.twitter.com/@sky_valley87) Paul Lewis - 100% of his pension fund in cash….. People are influenced by his ilk, so know your enemy (said with love): https://www.dailymail.co.uk/money/meandmymoney/article-12790055/Radio-4-broadcaster-Paul-Lewis-pension-CASH-not-shares.html
• AS: Opensea (NFT platform) revenue down 99% https://watcher.guru/news/opensea-nfts-revenue-has-fallen-99-since-march-2022
• AS - JP Morgan retirement report https://am.jpmorgan.com/content/dam/jpm-am-aem/global/en/insights/retirement-insights/guide-to-retirement-us.pdf 
• NL - register your interest to secure the limited tickets for TRAP Live (under£200): www.therealadviserpodcast.com
• NL: Charlie Munger from the grave via the “Invest Like The Best”: https://pca.st/56lkwov4
• AS: 1. Vanishing Act, ITV - https://www.itv.com/watch/vanishing-act/10a2997/10a2997a0001  
• AS 2  - The Edge of Everything https://www.amazon.co.uk/Edge-Everything-Ronnie-OSullivan/dp/B0CJJZYS36  
• AH - My First Million podcast - Tiny story and founder - Andrew Wilkinson, boring businesses - well worth a listen for FA - Tiny is pitched as the Berkshire Hathaway of the internet - https://www.youtube.com/watch?

============================
Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here.

Help us to help you! The more followers we have, the more we can do stuff going forward. So please:

• Subscribe and Like our YouTube Channel
• Leave a 6/5 star review on iTunes
• Share TRAP with your peers and colleagues
• 'Enjoy' the Twitter chat at @AdviserPodcast.

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including a recap of HUM, hitting 500 YT subscribers, final call for the Irish Ideas Exchange, Consumer Duty updates, planning for 2024
• Meat and Potatoes: Revolutionise Your Referrals - Marketing Series 1/3
• Questions posted by our beloved TRAPists Master J
• Culture Corner

Links referred to in the show:

• AS FCA letter/ media and platforms requesting fee justification https://www.fca.org.uk/publication/correspondence/dear-ceo-letter-fca-expectations-wealth-management-stockbroking-firms.pdf
• NL- New research on safe withdrawal rates https://www.morningstar.com/retirement/good-news-safe-withdrawal-rates 
• AS Filth https://www.tickmill.co.uk/futures?redir=0&__hstc=94732803.66d8516e5806623afdf330775f39559a.1699629257117.1699629257117.1699629257117.1&__hssc=94732803.1.1699629257117&__hsfp=47545668&_gl=1*1ncrq1u*_ga*MTY5NTgyNjM1OC4xNjk5NjI5MjU1*_ga_1KQF7MN5TZ*MTY5OTYyOTI1NS4xLjAuMTY5OTYyOTI1NS4wLjAuMA..
• NL - Colin Turton’s Adviser Asset - decent curation of platform/provider announcements. Sign up here: https://www.adviserasset.co.uk/contact-us/ “sign me up for Communications targeting UK Financial Advisers”
• AH - Hotel Chocolat sold to Mars, a brief story around this and ‘selling out’ https://www.theguardian.com/business/2023/nov/16/hotel-chocolat-founders-mars-takeover-angus-thirlwell IFA when they sell, maintaining integrity to clients and themselves. Thoughts around this. 
• NL - very quick plug for the IFA Forum: www.tiny.cc/ifaforum
• AS - another new fintech launch focused on low costs https://www.altfi.com/article/exclusive-tandem-bank-co-founders-launch-prosper-with-gbp3-2m-aiming-to-reshape-wealth-management
• AS: https://vimeo.com/44316413
• AS: https://www.amazon.co.uk/Just-Ask-generate-referrals-business-ebook/dp/B09LYXJ5V
• AS: https://clientdrivenpractice.com/about-stephen-wershing/

============================
Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here.

Help us to help you! The more followers we have, the more we can do stuff going forward. So please:

• Subscribe and Like our YouTube Channel
• Leave a 6/5 star review on iTunes
• Share TRAP with your peers and colleagues
• 'Enjoy' the Twitter chat at @AdviserPodcast.

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including the rise and fall of Open Money, Vanguard leaving China, Irish Ideas Exchange, are we talking about events in the Middle East with affected clients, new Brett Davidson White Paper, Andy rants about the FCA and crypto, SJP adviser saddled with a business loan, Wealthfront débâcle, HUM London happening on the day of this episode’s release
• Meat and Potatoes: The FINAL Exit Strategy: getting all the stuff documented, for that day when you’re not around anymore
• Questions posted by our beloved TRAPists https://www.twitter.com/gregorpolson93
• Culture Corner

Links referred to in the show:

• https://fpadvance.com/whitepaper/how-to-solve-scale-problem/ 
• https://x.com/andrewdbeer1/status/1719337890734289135?s=46&t=sRHfdIQon2TfFJRFg7K23w
• AH - https://businesscloud.co.uk/news/what-went-wrong-at-openmoney/
• NL: Vanguard turns it back on China: https://www.pionline.com/money-management/vanguard-takes-final-step-exit-china-dismantling-last-team
• NL - US pension allowances v UK - massive difference! https://www.wsj.com/personal-finance/retirement/americans-can-stick-more-cash-in-their-401-k-s-next-year-thanks-to-inflation-5fb4d09f
• AH - FCA Crypto https://www.fca.org.uk/investsmart/crypto-basics
• AH - Google Interview Warmup Tool - https://grow.google/certificates/interview-warmup/
• CW: JL Collins talk at Google https://youtu.be/T71ibcZAX3I?si=fB9-jy29kMbKhn72
• AS - Sylvester Stallone on Netflix https://www.netflix.com/title/81450717?s=i&trkid=0
• NL - Elon and Joe podcast video on Daily Motion: https://www.dailymotion.com/video/x8p91p6
• NL - “Think and Grow Rich” by Napoleon Hill on Kindle at £0.99p: kindle 99p: https://www.amazon.co.uk/Think-Grow-Rich-Napoleon-Hill-ebook/dp/B08776ZZY4/ref=sr_1_1?crid=30XHCZM2EQYUA&keywords=kindle+99p+books+think+and+grow+ric

============================
Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here.

Help us to help you! The more followers we have, the more we can do stuff going forward. So please:

• Subscribe and Like our YouTube Channel
• Leave a 6/5 star review on iTunes
• Share TRAP with your peers and colleagues
• 'Enjoy' the Twitter chat at @AdviserPodcast.

In this latest pile of TRAP, the Trap Pack discuss

- Topical issues, including SJP swallowing Consumer Duty, NextWealth IFA report, M&G closing its property fund, Irish budget investor woes, adviser mastermind top tips
- Meat and Potatoes: Taking THAT Fork In The Road
- Questions posted by our beloved TRAPists Stuart Mullen
- Culture Corner

Links referred to in the show:
AS: https://www.nextwealth.co.uk/research/financial-advice-business-benchmarks-report-2023/ 
NL: https://www.mandg.com/news-and-media/press-releases/mandg-investments/2023/19-10-2023?utm_campaign=EM_RTL_MA_UKA_OTH_20231016_TBC&utm_medium=email&utm_source=Eloqua
Philip Palaveev https://ensemblepractice.com/about/philip-palaveev/ 
Startup Loans https://www.startuploans.co.uk/ 
AH - Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life - https://amzn.to/3tljmqE 
CW: Elon Musk by Walter Isaackson https://www.amazon.co.uk/Elon-Musk-Walter-Isaacson/dp/1398527491
CW: The best backpack in the world ever! https://nordace.com/en/product/nordace-siena-smart-backpack/
AS - Good/Bad Billionaires https://www.bbc.co.uk/sounds/brand/p0g7xj36

============================
Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here.

Help us to help you! The more followers we have, the more we can do stuff going forward. So please:

• Subscribe and Like our YouTube Channel
• Leave a 6/5 star review on iTunes
• Share TRAP with your peers and colleagues
• 'Enjoy' the Twitter chat at @AdviserPodcast.

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including TRAP Live on 9th May 2024, the TRAP Pack officially open the World Cup in Paris, the annual CISI shindig, Storyteller’s Limerick trip
• Meat and Potatoes: the chaps discuss the FIRE movement
• Questions posted by our beloved TRAPists Jono Randell-Nash www.linkedin.com/in/jono-randell-nash and www.twitter.com/@juniper_jon
• Culture Corner

Links referred to in the show:

• NL - Doomslayer - a weekly dose of good news from Human Progress: https://humanprogress.org/projects/news-archives/
• NL - Rocketbook: https://getrocketbook.co.uk/products/rocketbook-core?variant=39671409934408
• AS - The Missing Billionaires by Victor Haghani And his Ted Talk 
• Where are all the Billionaires? & Why Should We Care?: Victor Haghani at TEDxSPS
• The Missing Billionaires: A Guide to Better Financial Decisions
• AH - Michael Lewis - Going Infinite: The Rise and Fall of a New Tycoon - https://www.amazon.co.uk/s?k=michael+lewis+going+infinite&crid=CLHM5FZICS7Z&sprefix=michael+lewis+%2Caps%2C135&ref=nb_sb_ss_ts-doa-p_1_14 
• CW: The Ride of a Lifetime by Bob Iger CEO of Disney https://www.amazon.co.uk/Ride-Lifetime-Lessons-Learned-Company/dp/0399592091
• NL - Monzo Investments: invest as little as £1 to get started. Three Blackrock funds. Almost zero friction: https://monzo.com/investments/

=========================== ===

============================
Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here.

Help us to help you! The more followers we have, the more we can do stuff going forward. So please:

• Subscribe and Like our YouTube Channel
• Leave a 6/5 star review on iTunes
• Share TRAP with your peers and colleagues
• 'Enjoy' the Twitter chat at @AdviserPodcast.

In this latest pile of TRAP, the Trap Pack discuss

• Topical issues, including Rugby World Cup updates, Messrs Smith & Hart recap HUM Cape Town, AIM investing woes, Progressive Planners Conference, Future You (again), Nucleus buying Curtis Bank
• Meat and Potatoes: What Norway Can Teach HNWs (and their advisers)
• Questions posted by our beloved TRAPists www.twitter.com/@jlaws4  https://twitter.com/principlespf 
• Culture Corner

Links referred to in the show:

• Norway Sovereign Wealth fund: https://www.nbim.no/
• CW: Solar 21: The tale of 3000 clients, 300 brokers and €26 million in “fees and broker commission” https://thecurrency.news/articles/117655/risky-business-will-solar-21-investors-accept-a-hair-shirt-to-avoid-catastrophe/
• AH US Credit Card Debt breaks 1trillion https://www.carsongroup.com/insights/blog/why-1-trillion-in-credit-card-debt-isnt-a-bad-thing/
• NL Bank of England launches hunt for ‘unconscious bias’ in finance industry https://www.telegraph.co.uk/business/2023/09/25/bank-england-launch-hunt-unconscious-bias-finance-industry/#:~:text=The%20Bank%20of%20England%20has,a%20diversity%20and%20inclusion%20push. Another reason why the UK stock market is declining, as we discussed in EP17 https://www.buzzsprout.com/2056762/12602273
• AH - Nick Murray Books - https://www.simplewealthbooks.co.uk/ 
• AH - Downfall of the Crypto King - Extended Version - https://www.bbc.co.uk/programmes/p0gffn3y 
• CW: Another (!!) High-Performance Podcast: David Smith: https://podcasts.apple.com/gb/podcast/facing-death-taught-me-how-to-truly-live-with-david/id1500444735?i=1000628192924

============================
Take part in the conversation! We want YOU to suggest topics and questions you’d like the Trap Pack to answer. The best way to do this is to ask them here.

Help us to help you! The more followers we have, the more we can do stuff going forward. So please:

• Subscribe and Like our YouTube Channel
• Leave a 6/5 star review on iTunes
• Share TRAP with your peers and colleagues
• 'Enjoy' the Twitter chat at @AdviserPodcast.