Shares for Beginners

Vince Scully - Life Sherpa | Is financial advice investment advice?

09.13.2023 - By Philip Muscatello - Australian Investor EducationPlay

Download our free app to listen on your phone

Download on the App StoreGet it on Google Play

In this episode I'm joined by Vince Scully as we delved into the world of financial advice. When should you start to seeking it, how much it should cost and a crucial discussion about the difference between "financial advice" and "investment advice". These two are often conflated but they serve different purposes. We spoke about the value of advice and how it helps to achieve financial independence and your life goals. But we did have a couple of questions about the costs touted by Money Smart at this link: Financial advice costs - Moneysmart.gov.au. We also dealt with a couple of comments from listener Ravi about his friend with a dodgy advisor and whether the ASX 200 is actually the best performing index in the world!

Blog post available at: https://www.sharesforbeginners.com/blog/vince-scully-life-sherpa

Tony Kynaston is a multi-millionaire professional investor thanks to the QAV checklist he developed. Tony's knowledge and calm analysis takes the guesswork out of share market investing. Use the coupon code SFB for a 20% discount on QAV Club plans or SFBLIGHT a free month of QAV Light. Find out more about QAV at this link: https://www.sharesforbeginners.com/qav-quality-at-value

Portfolio tracker Sharesight records your trades, shows your true performance, and saves you time and money at tax time. Sharesight automatically tracks price, performance and dividends from 240,000+ global stocks, crypto, ETFs and funds. Add cash accounts and property to get the full picture of your portfolio – all in one place. Get 4 months free at https://www.sharesforbeginners.com/sharesight-portfolio-tracking Disclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they’re offering something of value.Shares for Beginners is a production of Finpods Pty Ltd. The advice shared on Shares for Beginners is general in nature and does not consider your individual circumstances. Shares for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289. Hosted on Acast. See acast.com/privacy for more information.

More episodes from Shares for Beginners