How I'd Start Investing Again as a Beginner 2024

This is everything I wish I had known about investing as a beginner around 10 years ago, and how I would start investing now knowing what I do now about the stock markets, how index funds work and how wealth is built over the long term. I explore all of the basics from getting yourself ready mentally, and paying off debt to then working out how to invest and what to invest in. If you can learn from my investing mistakes, you'll do really well and a lot better than I did from when I started!

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[clarkeysam]

The don't rush advice is interesting but something which I did. Anyone can throw their money away on something they don't understand. Becoming informed takes time. I spent 2 years (whilst at uni) reading about investing, then focussing on passive investing. It meant when I graduated into a good job I could start investing in my S&S ISA. Fast forward several years and I've cashed most of that out to buy my house.

[tommorgan]

Been watching you for a long time, I value your opinion greatly

[chqshaitan]

Great Video, covers all the basic approaches to good money management

[sublyme]

When my favorite products go on sale, I rejoice and buy. When they go for steep discounts (50% off or more), I stock up! Treat bear markets the same. Bear markets are like major holiday sales events that allow you to buy your favorite stocks at discounted prices, oftentimes at heavily discounted prices!

[YasinNabi]

Financial peace isn't the acquisition of stuff. It's learning to live on less than you make, so you can give money back and have money to invest. You can't win until you do this. --Dave Ramsey...

[bluegtturbo]

100 percent agree... Keep majority going into regular payments in index funds. It doesn't matter whether its monthly or yearly... Except psychologically doing it monthly gives you something TO DO!
And also buy some individual stocks to have some fun and challenge yourself.
Most investors biggest battle is with their need to be 'doing something'...

[nullbyte]

I recently inherited quite a large sum that I don't know what to do with so videos like this are incredibly helpful in my effort to fast track my financial education.

Having this much to set aside to compound while I'm still young isn't an opportunity I'm going to have twice so I want to make the most of it.

[travis]

I wish I had understood the wisdom of the "Boglehead 3 fund portfolio" in my 20s. My portfolio is a bit of a complicated mess, and I missed out on some good returns by attempting to get great returns.

[lydiascrottz]

It is better to invest now. You will never be younger than you are today and there will never be a perfect time to invest. Due to compounding, which Einstein called the 8th wonder of the world, you can get rich slowly from investing if you do it from a young enough age.

[Geaxuce]

So far, I'm liking the idea of buying companies that I use and already spend money with. My phone and internet companies, companies that sell materials to the company I work at, stuff like that. Buying a single share in each of these companies at a time. Then putting half what's left into various savings accounts dedicated to various aspects of my life, such as clothes, medical, food, pets, rent, things like that. Then taking what's left over and buying an index fund for half of whatever amount of money I have left to invest with over the month. That way I'll always have some amount of cash to buy extra in the event of a bigger dip.

Using the 2:1 method is really helpful with saving as well. Whatever you're looking to buy, make sure you can afford at least 2 of that item before buying even 1. It's a very simple way of budgeting. I personally also set aside money specifically for food and pets for the month and I don't reallocate whatever is left over. That way it builds up over time and I can buy something a little fancier to eat for the Mrs every now and again

[MetaVizions]

Can you do this but with consideration of the new the FedNow system

[jonathanhowson]

I like the last bit. I am looking at £650k in my isas and £1m in my pension by 60. I need to remind my self that I will have a paid for house by then and I also need to enjoy life now. I dont care about cars. I could lease a very nice bmw of I wanted, but instead I bat around in an old Toyota. I do love my mountain bikes though, and while I am still young I need to have money to enjoy my hobbies and interests. No point looking back with loads of money at 60 and thinking 'i should have spent more on fun when I was younger'.

[queenz]

So if I stopped my direct debits and didn’t invest for a while can I just leave the funds I have already sitting in there to grow/fall over time

[alansingh]

Hi Toby, thanks for the video. Very informative and to the point. Just a quick question- stocks & shares ISA allow me to invest up to £20k if want to invest another £20k how and what would you suggest?

[Alaskan]

My late goal is to have monthly income of $5000+ a month in dividend income. Beginner goal is to start off with getting a small monthly income, quarterly income, etc. After that, expand in what i invest in. Any advice in what program it use to start off with? There are so many applications and places to use, but is there something that fits the above goals?

[vwtdi]

Great quality - what camera do you use to record your videos please? tks

[richdavies]

Hi I've got only small amounts to invest per month maybe £50 would you suggest to just do the index funds every month and build it up like that ?

[jonesy]

Nice info, what is you’re best index fund you use?

[barrycampbell]

if you had some extra funds (60k) what would you do with it with a goal of paying off a mortgage of 230k? you mentioned investing majority into index funds, what ratio would you put into index funds and what other investments would you make stocks and shares?

[Mexicanpenguin]

Where does one go to invest ? Like website app and so on?