Basics of Investing

"every single time you buy an asset - gold, stocks, anything - there's risk involved
i think they're going to go up in general because cash is being devalued but that's no guarantee
be prepared when you put the money in the value fluctuates day to day
- it could go up it could go down
i think you're more secure holding stocks in gold over the long term than cash
but there's no guarantee when you buy things there's risk involved"

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Performed by Gary Stevenson
GARY'S ECONOMICS

Produced by Simran Mohan
MOHAN MEDIA

[markquarrington]

What we need is a system which rewards essential work more than rewarding wealth.

[DileepaRanawake]

Thank you for your honesty Gary and for not using your success to prey on vulnerable people like all the other YouTube money voices out there.

[edocsane]

Its not the money that matters, its the security that comes with it. That's the real wealth. To me anyways. thanks dude!

[rosanella]

I'm self employed and a single parent. I'm also too old to become rich or financially very comfortable. But my son & daughter still have a chance, so I'll pass on this video to them, hoping that they'll get your message. Thank you for your videos xx

[blackfishgaming]

I really respect your honesty and integrity. More voices like yours need to be heard in this space. Cheers man.

[SurvivorofHorror]

Thank you for your honesty. There are a lot of people playing on people's fear and vulnerability right now. Investing is being advertised (massively right now) as a quick way to get out of a crisis when it isn't. Your videos are giving me a much needed education.

[carolynsmith]

Exactly. This system perpetuates poverty and expands it. My parents gave us money to add to our deposit so we could buy our 1st home 25 years ago. Thankfully it's now paid off. I'm currently putting extra money into super as I'm 55 and divorced so I lost a lot of super. Hopefully I can help my kids in the future. Live within your means and have a budget. If you get money say from an inheritance see a financial advisor so it's invested wisely.

[tombroad]

Hello bud,
I’m a mortgage advisor, just found your videos and they’re superb, keep it up! Two small things on this subject I would add; particularly for lower wealth families or those in more expensive areas - firstly, investing even a small amount (£100-£500 monthly) in stocks and shares ISAs is a great way to initially build tax-free wealth that can compound and grow - that’s how I saved for my first property deposit. Secondly; don’t be too proud to ask family for help or to work together, maybe for your families first property. I think some communities do this much better than others.

[SammyandDon]

This is a sobering but very necessary message. Thanks Gary.

[gemmapeter]

Bought a few years after the 2008 crisis the smallest property I could reasonably live in (smaller than what I'd rented previously) and predicted interest rates would be kept low by the central bank so as to not send the economy into further into recession. Saved the difference between rent and mortgage payments to act as a safety buffer against missed payments then I overpaid as soon as the fixed rate expired (variable rate had no early repayment penalties) to make the payment up to the amount that rent would have cost me because I knew interest rates would eventually go up. My theory going into a mortgage is that the way interest rate changes screw people over is when interest rates are low more people get mortgages, then interest rates go up and people default and lose their homes and rich people buy them up which I'd hoped to avoid by paying as quickly as possible. I now have a home that saves me money every month because I don't have to pay rent to anyone.

[PAZPERDEE]

Tough times for sure, it’s a greedy world we live in, help each other best we can 🙏

[Neilhuny]

Best video yet! I have watched many of your videos, but this is the best advice for the vast majority of people.

[martindenham]

Really helpful insight in what to consider. I was completely clueless, but not not so much. Cheers Gary. Keep up the good work sir.

[Markscott]

i am 21 and i have about 100k to invest but not really sure how or where to start. I want to build a good investment portfolio and have been looking at videos and doing research to be more educated. Where should i invest this for stable cashflow?

[quokkapirquish]

Brilliant channel, truthful and honest, no way to get rich quick if you’re struggling to get by. Buying a home in London has become impossible already and the ripple will spread all over the UK. We’re in Birmingham and there are plenty Londoners on my street now who have had to sell their £1m London homes and buy the same home for less than half the price here. But this in itself is causing prices to boom here, if you can, buy property, it’s going to become unaffordable for everyone soon enough.

[anonnymous]

Good video. I agree with your central point although I do think it's worth trying educate everyone on personal finance. For many, the idea of owning stocks and shares doesn't even cross their minds, or they think it's something that only 'rich' people can do, so it's something that needs to be demystified. The middle classes often have experience of investing (usually through an ISA at the bare minimum) which they pass onto their children, whereas this isn't knowledge that poorer families always have, which can perpetuate and entrench the cycle of poverty.

[MonishaMadhumita]

This is tremendously helpful! I’m sharing your videos with everyone I know. Thank you !

[janetkelly]

I have focussed on never paying interest on anything (I am 77 and have been lucky in that I’ve always been in a reasonably good job and in my early days it was possible to buy an old cottage with no electric etc, for cash). I have waited and never bought anything until I could pay for it. Not possible for everyone but where it is I think people should hold back on spending.

[zeea]

Great content, just found your channel today and gold content. I am 32 and invested in property and ISA funds. It is possible to buy property but have to be focused and not be distracted. I earn decent amount working professionally and a big saver. Aviod quick get rich schemes, in 2017 I made the mistake of buying penny shares and have since learnt my lesson and not only get into lower cost index funds.

[markquarrington]

The government has spent years going on about levelling up. Gary hits on the solution in one video, take money from the rich and give it to the poor, job done!