8 Rules for Investing in Your 20s & 30s | What I've learned as a Financial Adviser

8 rules that I wish followed when I first started investing. Everything I’ve learned from 10 years of investing for myself and other people.

Investing for beginners, when you’ve just started investing in the stock market, can be a daunting task, with so many decisions to make. There are many investment apps to choose from, like Moneybox, Trading 212 and Freetrade which you need to decide on before you even get started choosing what to invest in!

This is a sort of letter to my younger self, of all the things I’ve learnt since I started investing. And I haven’t had a typical journey because I’ve actually spent most of my life managing money for other people. But before all this, when I first started investing for myself, I was making all the same mistakes that you are.

Financial Planning

0:00 - Intro
0:47 - Take ownership of your own financial education
3:18 - Talk About Money
6:06 - Don’t listen to your parents
9:02 - Pensions, LISA and ISA
9:38 - Pension Contribution Matching
11:40 - Find an app that works for you
14:59 - Take risk
16:01 - Just start

Pensions
ISA
LISA

Email template for HR:

Hi,

Please can you let me know, or put me in touch with some who does know, what pension benefits I’m entitled to.

Specifically, I would like to know:

- What benefits I am entitled to
- Am I enrolled
- How much am I contributing
- How much are you, as my employer, contributing
- Do you offer pension contribution matching
- Who is the provider of my pensions and how can I get access to check it
- Is this a salary sacrifice scheme

If I am enrolled in a salary sacrifice scheme and I decide to make additional voluntary contributions, the company will save National Insurance tax on the amount I choose to contribute. Please can this tax-saving be paid into my pension? There is no cost to the company in doing this.

Kind regards,

[Insert Your Name]

DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - James is not responsible for investment actions taken by viewers. Please seek out a regulated advisor if you require assistance (whilst James is a financial adviser, he does not provide advice through this Youtube Channel, which is not affiliated with his employer).

James Shack™ property of James Shackell
Copyright © James Shackell 2020. All rights reserved.
The author asserts their moral right under the Copyright, Designs and Patents Act 1988 to be identified as the author of this channel and any video published on it.

[JamesShack]

I've left the best ones till last, so you'll have to watch the whole thing 😉 ... or just skip to the end. And remember, please let me know if you've been given any good/bad advice by your parents? Maybe you're not sure if it's good or not? Let me know below and I'll try and set you straight.

[paulwilson]

2 years ago you had 144 subscribers, and now you have 72.7k. That's return of over 50, 000% ~ a reasonable investment. Thanks for the great content!

[alexbird]

With a father as a financial advisor and working in finance myself I’ve seen a lot of rubbish on here but this is class - clear, concise, sensible and simple advise that does exactly what it says on the tin! Lovely stuff!

[ItsABarmcake]

Love to see a British person talking about money! looking forward to the next one!

[BollywoodBonanzaB]

For me, my parents gave me advice to become financially independent, I.e. working, from a young age - so I've been lucky to have been working most of my life. Dad told me, don't buy things you have to borrow money to pay for, which is the best advice ever. Except for mortgages, degree, and maybe cars, I'll never want to be in debt. 🙏

[Greylocks]

Great video. Number 8 - just start is the main advice to follow!
I was badgered by my late father every year about whether I was saving enough from my early 30s. Fast forward to now, and inputting my data into your spreadsheet, it appears I have achieved financial independence.

[shanecostelloe]

Enjoy your casual language and ways of explaining - making things a lot clearer for me as a new investor. Thanks 🙏

[bradholway]

You are an absolute hero. Just found your videos and considering starting my investment journey tonight. Thank you 👍🏻

[jbarea]

Thank you James.You put this information in a good down to earth fashion.Excellent info which I will follow up on.

[calum]

Had a few of your videos on in background today and think this is my favourite so far. It's clear to see your genuine passion/interest. Most people get bored in seconds if start talking about investing and compound interest, really liked the genuine excitement. Ps: That pension at HSBC was insane!

[NorthEasternCyclist]

Great content and easy to follow explanations. Thanks a lot.

[jpturner]

Thank you James I pass this on to our three daughters who were in her 20s!
Semper Fi 🇺🇸👍🏽

[garymathison]

Just found your channel. What a find! Your giving me so many answers and more.

[anantmehta]

Your videos are great. They make me feel much less overwhelmed by it all. Thanks!

[vladbargaoanu]

Look man, this is probably the best video of youtube that I have ever watched as you described exactly my parents, experiences and everything else I've known/heard of up until the age of 28. I think what y ou are doing is great and also keep doing it. I realise this is a 2020 video ( late 2020 ) however, I hope to find out even more financial education from you in the future videos on your channel. Also, the links were very useful. Cheers!

[andrewhill]

Its great watching these older videos, I’m learning so much

[moneyedminds]

Youtube got lucky when you decided to create a channel! You're very well on your way to reach a million subscribers very soon! And you've got a die-hard fan!

[kenyee]

Thank you for this - I'm learning so much from you!

[MineshPatel]

Followed after seeing Reddit and well done! I've learned a lot especially from the latest video! The examples you give just make it much easier to understand Vanguard from a novice perspective

[chrissyt]

Great content James! I've been finding it really difficult to find UK youtubers who can educate me about money and how our systems work over here. You and MamaFurFur are the only ones who keep me engaged and interested and not drop off out of boredom. Subscribed!