Investing has proven to be the best way to beat inflation and grow your wealth over the long-term, but how do you get started? And if you do already invest but feel you’ve lost track of your goals or ended up with a jumble of investments, how can you improve things?
In this second edition of a two-part podcast special on saving and investing, Simon Lambert and Georgie Frost dive into how to be a smarter investor. They bust the jargon and look at why people should invest, how to get started, what investments you can choose and how to find the right ones for you. Simon discusses his experience of investing, what he got right along the way and importantly the things he got wrong. But why should you invest? Well, between 1900 and 2017 owning UK shares would have delivered an average return of 5.5 per cent, beating cash savings at 1 per cent and property at 1.8 per cent, according to the respected Credit Suisse Investment Yearbook. There’s no guarantee that history will be repeated, but companies should always have the ability to put money to productive use and reward investors with rising share prices off the back of their profits, dividend payouts, or interest on bonds.
It might not be on the top of your to-do list when you have a child, but investing and saving for them to build a tidy nest egg for when they reach adulthood is best done sooner rather than later. In the latest This is Money podcast, editor Simon Lambert, assistant editor (and new parent) Lee Boyce alongside host Georgie Frost look at the best ways to save for your children. We discuss investment options, Junior Isas, a pension and other ways, and why 'the hardest step is the first, but it is also the most powerful'. Lee has a target of a £50,000 pot to build up for his new daughter ahead of her 18th birthday in 2036 – and discusses how he plans to achieve this, with a little help from Einstein's eighth wonder of the world, compounding. Elsewhere, we talk about how invest for your own retirement and Fidelity's 'Power of Seven' matrix, as it looks like the pensions dashboard is finally moving ahead.
We talk about the collapse of online estate agent Emoov and the future of the industry with the Bank of England's latest Brexit predictions suggesting property values could fall 30 per cent in the worst case scenario. Finally, we reveal the latest British Gas rip off and whether could we have found the answer to expensive boiler replacements.
Welcome to the This is Money and Share Radio podcast, brought to you in partnership with NS&I. Are we seeing the end of an era for ultra cheap mortgages? HSBC is withdrawing its record low 0.99% deal which could usher in a new wave of price hikes. It’s not just mortgages undergoing price hikes though. Rail fares are set to rise 2.3% whilst growing commuter dissatisfaction with poor service has prompted Transport Secretary Chris Grayling to devise a new plan for better management. In the end though train times might be the last of our problems as we hear about one financial expert predicting major financial Armageddon just around the corner. Could we be in for the worst crisis yet? And what can people do to prepare? Gold is being tipped as a favourite but certainly not spread betting which is currently undergoing a crackdown. Georgie Frost is joined by Personal Finance Editor Rachel Rickard Straus and Consumer Affairs Editor Lee Boyce to find out more about this potential money meltdown. Also this week we take a look at Money Mail’s annual Wooden Spoon Awards and see which of Britain’s shambolic businesses have made it onto the shortlist.
Welcome to another episode of This is Money, brought to you in partnership with NS&I. This week, Editor Simon Lambert and Consumer Affairs Editor Lee Boyce team up with Georgie Frost to deliver you the best of financial journalism and analysis this week. And who knows where Brexit will take us, but the simple fact is for now Europe still has a profound effect. Most notably Germany this week, as serious instability at Deutsche Bank, the country’s largest bank, and massive job cuts at Commerzbank, it’s second biggest, are sending waves through the banking sector this side of the channel. It’s not all bad news for the Germans though, as their budget supermarket Aldi is eating up more of the market share in Britain, though it seems at the expense of their own profits as well. Sustainable strategy? We’ll have to wait and see.
Also on the show, the World Economic Forum raises its estimation of the British economy, the Help to Buy scheme has run its course, BHS gets a digital resurrection, and the gang give their favourite of their 50 top savings tips.
This is Money is presented by Georgie Frost, in partnership with NS&I.