How much I made from investing last year (NHS doctor reveals)

No video

How much I made from investing last year (NHS doctor reveals)

Рет қаралды 3,110

Күн бұрын

In this video Tommy looks back at his 2023 investing strategy and discusses the lessons learned from the past year of investing.
Want to stay up to date with the latest financial information for doctors?
Subscribe on KZfaq to never miss a new video: / @medicsmoney
Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here
www.medicsmone...
Follow us on Twitter
/ medicsmoney
Follow us on Instagram
/ medicsmoney
DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice and tax allowances and rates are subject to change.

Пікірлер: 31

@DrYuki 6 ай бұрын

Great video. Re-iterating "time in the market > timing the market"

@nnamdiudeze1357 7 ай бұрын

Excellent video.

@msarros1 7 ай бұрын

More investing videos please:) Thank you!

@MedicsMoney 7 ай бұрын

More to come!

@sarvij32 6 ай бұрын

Great message, thanks Tom

@MedicsMoney 6 ай бұрын

Glad you enjoyed it

@jonnymcdowell9112 7 ай бұрын

🔥 More investing videos please. Not sure if you have a video already on different platforms for different types of ISA and what platforms you use? Thanks for the great content, been telling my colleagues to start watching your stuff.

@MedicsMoney 7 ай бұрын

It’s easy to overthink choosing a platform. First decision is does the platform offer what you want eg Vanguard is great unless you want a LISA or non vanguard funds or individual shares and paradoxically some Vanguard funds are cheaper on other platforms. Second decision is how’s charges for what you want? This is complicated! Eg HL is generally regarded as expensive but I actually have my kids JISA there as it’s no charge for holding or dealing. For S&S LISA the choices are pretty limited! Hope that helps?

@jonnymcdowell9112 7 ай бұрын

@@MedicsMoney it does, thank you. Would you recommend moving s&s ISA between different platforms if you other platforms are cheaper, or best to open a different s&s ISA for this tax year with that platform and leave what you have done previously alone?

@MedicsMoney 7 ай бұрын

We’ll do a video on this. But we like to keep it simple so favour transferring IF significant benefits in doing so.

@Dr.JubairsFinance 7 ай бұрын

Nicely Explained

@MedicsMoney 7 ай бұрын

Thank you so much 🙂

@simonebruschi9793 7 ай бұрын

The concept of unpredictability is spot on. But it feels like you are suggesting that the market going up was a good thing. It is instead a huge tragedy if you have an investment horizon of more than 'right now' and keep investing regularly over time, which applies to most of us.

@MedicsMoney 7 ай бұрын

Of course I’d love to buy stocks at 30% discount in the sale. But that requires market timing. And market timing is hard. So hard that >90% of professional investors (vanguard source) can’t do it long term. Which is why we buy and hold and pound cost average into a low cost global tracker automatically every month. Low maintenance, low cost and high chance of success in the long term.

@SumanPaulDoc 7 ай бұрын

Are you holding a single ETF or multiple of them?

@MedicsMoney 7 ай бұрын

One fund - with >5,000 of the best individual stocks in the world in it. Simple, cheap, global exposure. So many people hold multiple funds with huge overlaps and unintentional? tilts towards one geographic area or sector.

@catherineholliman6934 5 ай бұрын

@@MedicsMoney are you able to say which fund it is - totally agree with this strategy but the number of funds on offer is mind boggling!!

@susanwilliams7785 4 ай бұрын

I would basically like to see this video repeated every year; however I guess this might be bad for Tommy's strategy of not looking at how his investments are performing. 🔥

@MedicsMoney 4 ай бұрын

You gain, Tommy loses. I don't see the problem with that 🤣 See you next year