The Making Money Simple Podcast

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5 of 44

Vanguard Have Increased Their Fees - The Details, The Maths, Should You Switch & More
In this video I discuss the recently announced changes to Vanguard UK fees. This took me by surprise. In short, if you have <£32k on Vanguard's platform across your ISA, SIPP and GIA then you will be paying a £4 p/m fee from 31 January 2025 onwards. If you have >£32k then you are not impacted by this. This fee change also doesn't impact Junior ISAs. In this podcast episode we run through the details of the fee change, the maths of it, who will be the worse impacted, whether you should consider switching or staying, and for those who will switch what platform and/or fund you should switch to. Two specific platforms are appealing if you wanted to switch and I have linked them below. Listen to the full episode for all the details! If you what to sign up to Trading212 and get a free share - www.trading212.com/invite/Fg39FgeY If you want to sign up to InvestEngine and get some free ££ - https://investengine.pxf.io/LKKVEL These are both affiliate links, thanks in advance to anyone who uses them. T&C's apply, with investing your capital is at risk. Timestamps: 0:37 - The Details 5:04 - The Maths 7:09 - Important Points 10:03 - What Should You Do 14:42 - What Platform To Switch To 17:55 - FTSE Global All Cap Equivalent? ----------------------------------------------- 📖 Buy my book Stop Waiting, Start Investing - https://linktr.ee/makingmoneysimple1 💻 My website - https://makingmoneysimple.co.uk 📰 Sign up to my newsletter - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoneysimple.co.uk/Newsletter⁠⁠⁠⁠⁠ 🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/ 📸 Instagram - https://www.instagram.com/makingmoneysimple/ 🐦 Twitter - https://twitter.com/makingmsimple\ 🕺 TikTok - ⁠https://www.tiktok.com/@makingmoneysimple⁠
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20:18
Are You Investing? If Not, Stop Waiting, Start Investing (plus my investing mistakes and investing journey to £100,000+)
In this video I discuss my brand new book Stop Waiting, Start Investing - that came out on 26 November 2024 - in more detail, run through the investing mistakes I made (of which there were quite a few) and take you on the journey of how I built my portfolio from £0 to £100,000+ over the last 7 years. To do this I didn't do anything special or inherit any more, and I'm certainly not a genius, but I share what I did - mainly consistently prioritising investing over the years. Finally, we touch on compound interest. Including the importance of it in building your wealth and a few specific examples. Listen to the full episode for all the details! Timestamps: 3:16 - My Mistakes 10:43 - Tangent on Workplace Pensions 12:12 - My Investing Journey 20:34 - Compound Interest ----------------------------------------------- 📖 Buy my book Stop Waiting, Start Investing - https://linktr.ee/makingmoneysimple1 💻 My website - https://makingmoneysimple.co.uk 📰 Sign up to my newsletter - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoneysimple.co.uk/Newsletter⁠⁠⁠⁠ 🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/ 📸 Instagram - https://www.instagram.com/makingmoneysimple/ 🐦 Twitter - https://twitter.com/makingmsimple\ 🕺 TikTok - https://www.tiktok.com/@makingmoneysimple
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28:25
Building A Six-Figure Investment Portfolio (and the 5 specific funds to do this)
Monty from @montylanefinance joins me on this episode of the podcast to talk all things investing. Monty has grown his investment portfolio from £0 to £89,000+ over the last 3 years, spread across a Stocks & Shares ISA and SIPP, and is on his way to a six-figure investment pot. That's a huge sum of money in a short space of time - so I wanted to find out how he did it. We discuss Monty's switch from individual stocks to index funds and ETFs, the two investment platforms that he uses, as well as the five specific funds that Monty invests into to build his wealth. Listen to the full episode for all the details! ----------------------------------------------- 📖 Buy my book Stop Waiting, Start Investing - https://linktr.ee/makingmoneysimple1 ✅ How I can help you - https://makingmoneysimple.mykajabi.com/my-resources 📰 Newsletter - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoneysimple.mykajabi.com/Newsletter⁠⁠⁠ 🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/ 📸 Instagram - https://www.instagram.com/makingmoneysimple/ 🐦 Twitter - https://twitter.com/makingmsimple
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38:37
How To Invest For Your Children (Junior Stocks & Shares ISA, Junior SIPP and more)
Iain from @IainJGeddes joins me on this episode of the podcast to talk about investing for your children. If you don’t currently have children, this is useful future information. Even if you don’t want children, you can hopefully pass on this knowledge to friend's children, nephews and nieces. We have three main options: Junior Stocks & Shares ISA, Junior SIPP, or using part of your own adult Stocks & Shares ISA allowance. Each option has different pros and cons. The key with the two ‘Junior’ options is that the money legally becomes your child’s at 18 (Junior Stocks & Shares ISA) or at 55 (Junior SIPP). If you’re skeptical they may misuse the money, or you just want more control, you can use part of your own adult ISA allowance - assuming you have some left - to invest for your children. The greatest asset that children have is time. Due to compound interest, even small amounts contributed today have the chance to grow for decades to come. Listen to the full episode for all the details! ----------------------------------------------- 📖 Buy my book Stop Waiting, Start Investing - https://linktr.ee/makingmoneysimple1 ✅ How I can help you - https://makingmoneysimple.mykajabi.com/my-resources 📰 Newsletter - ⁠⁠⁠⁠⁠⁠⁠⁠https://makingmoneysimple.mykajabi.com/Newsletter⁠⁠ 🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/ 📸 Instagram - https://www.instagram.com/makingmoneysimple/ 🐦 Twitter - https://twitter.com/makingmsimple
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28:36
Investing & Taxes Explained (everything you need to know about taxes when investing)
In this video I go through everything that you need to know about investing and taxes in the UK. This includes the 3 main vehicles we can use to invest in the UK - ISAs, pensions and general investment accounts. And the 3 main 'phases' of investing - before investing, during investing (i.e when we are invested in something) and when withdrawing. Ultimately, ISAs and pensions have great tax advantages. So if possible, make the most of these. But, GIAs do have their place in specific situations. Not to mention that for some types of investments (e.g crypto) we can only use GIAs to invest. Just be aware that with GIAs we may be liable to pay capital gains tax and/or dividends tax. Capital gains tax arises when we sell, and the allowance is currently £3,000 per tax year. Dividend tax arises when we earn dividends and this happens when we're investing as most funds pay dividends, and the allowance is currently £500 per tax year. Listen to the full episode for all the details! ----------------------------------------------- 📖 Stop Waiting, Start Investing Ebook - https://payhip.com/b/Q40kP 💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2 📊 Income, Expenses, Saving & Investing Tracker - ⁠⁠⁠⁠⁠https://payhip.com/b/SIaGz ⁠⁠⁠⁠⁠ 📈 How to start investing workshop - https://payhip.com/b/1fic 📰 Newsletter - ⁠⁠⁠⁠⁠https://makingmoneysimple.mykajabi.com/Newsletter⁠ 🎥 Youtube - https://www.youtube.com/c/MakingMoneySimple/ 📸 Instagram - https://www.instagram.com/makingmoneysimple/ 🐦 Twitter - https://twitter.com/makingmsimple
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11:31

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About The Making Money Simple Podcast

Helping you to invest and build wealth 💰 I started Making Money Simple in 2019 during my final year of university and I used it to break down money-related topics as simply as possible. I still continue to do that today, along with sharing my mistakes, my own journey and my knowledge - all whilst having a laugh - through this podcast! 💻 My website - https://makingmoneysimple.co.uk/ 📕 My book: Stop Waiting, Start Investing - https://linktr.ee/makingmoneysimple1 If you have any questions or want me to cover any specific topics, feel free to email me at: [email protected]

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