Should You Save or Invest Your Money in 2024?

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[AlioneDonnely]

We work for years to earn $1million on our retirement, while some people put thousands of dollars in the forex market and they become millionaires.

[timbainbridge]

You're the best out there Toby! Keep it up 😎👌

[themars]

Thank you for sharing this Video.
Invest is the best way.

[craiganderson]

Great video Toby thank you 👍 I liked the chances of return over certain periods section. I'm in the same situation as your client as about to pay a large deposit for a property. My own strategy was to stagger deposits into a moneymarket fund over the last 18 months and have left around £5k in equities in case there is another surge in price... It has paid off but always a balance of risk & reward 🤞🧐

[JRDGHR]

Another great explainer video Toby. I have sent a few of your videos on to work colleagues and relatives now as they need to get investing for the long term

[turner]

Hey Toby, well put together mate, exactly what people need to know and encourage them to start investing. Appreciate the videos.

[speng]

Loving the new fractal PC case. Classy AF

[LawrenceTimme]

Yes house deposit should be in savings not stonks.

[elldabell]

Hi Toby Great video very helpful. im currently learning at the moment what to do. I have £20000 in my cash Isa on 212 and was going to use the interest from that each month to put in to the s&p 500 topping it up with my regular income to £200 a month. do you think that sounds a good idea?

[thomaskuttypa]

Hai Toby, can i invest stock and shares with tier 2 skilled visa status?

[Abdul_Rahman]

Me personally I’d always prioritise investing over saving.

[liam]

do a bit of both. also you said the stock market is at an all time high, well it always is, save for a few lower bits in a short time frame, so its always a good time to invest. Im about to invest a lump sum, and trying to decide whether it goes into GPSA or XNAQ (or a bit of both), for the medium term (5 years) and maybe longer. Insightful, calm, Sunday video.

[chrissyt]

I've taken the on-the-fence safe position of splitting investing and saving equally. I have to be careful as the breadwinner but also want to watch my money grow but ALSO save for a house. I've only been investing for 2.5yrs but already seeing my patience being rewarded and sacrifice being rewarded.

[lifeisagame]

I do both but I'm lucky to have saving rates of 5.5% and 8%

[BaileyMxX]

Whilst I do agree if you're saving for a house short term (under 5 years time) you should stay in cash... But one thing to take into mind is if the equity markets tank then the likelihood is that the housing market has dropped also with it so maybe not such a real loss as such.

In that market though banks may tighten up their lending criteria possibly making it harder for you to be accepted for said loan.

[missyL]

I only put half in and waiting for the other half. Is everyone fearful or greedy right now? So that advice confuses me 😂

[johnristheanswer]

Long term 30 year UK FTSE returns graph V UK interest rates would have been useful. Comparing to S and P wasn`t like for like, so to speak and in the past it wasn`t so easy to invest internationally, especially in ` funds `. Good video all the same. PS, I`m not having a pop at you !

[ryzewaffl_ttv]

what I do is save up 20% of my income on a 4% savings account for emergencies and 10% of my income goes into a ETF. that’s 30% of my net income saved both ways.

[ChrisShawUK]

My approach to investing has always been never to cash out everything after a time period, whether that be 3, 5 or 10 years.

I just take small slices at appropriate intervals to top up the cash pool (for me that's 4 years of lifestyle expenses)

I don't ever do this, but even if i didn't act until the pool was almost empty, i still wouldn't divest four years in one go ... I'd take say 1.8 years and then look to top up frequently after.

Cashflow management in the withdrawal phase is a tricky business.

[Optimised]

The Goldman Sachs priming is strong in Tobias Newbatson