Podcast Recording: Trading & My Investing Strategy
Hi guys, a couple of weeks ago I was invited to London to take part in a podcast interview. The topic was trading as well as touching on my financial philosophy. Unfortunately, a lot of the latter had to be cut as the discussion went on for over 90 minutes and they only needed 30 minutes!
I talked about the reality of trading and how we should approach it. I also talked about what the new generation should think about when planning retirement as they could live until 90 or 100 with today’s health statistics. The average life expectancy in the UK now is around 80 years. I also spoke about investment ideas.
I met John Fury on the show. He is the Father of the famous British Boxer Tyson Fury who is the current WBC heavyweight champion. He focused more on the mindset and what it takes to be at the top level and also shared how his family despite now having wealth and fame live their life and still shop at stores like Aldi and Asda. He gave some very good financial advice keeping it simple for younger people.
You can check out the discussion in the video below. If you watch it please do so on YouTube and leave a “like” and a comment if possible.
I explained in the session that I am not a big fan of telling 20-odd-year-olds to “start putting money in a pension now” your average 20 year old today in the west could quite possibly live to be a 100. Nor am I a fan of the mantra “Just invest in the S&P you will always make money over the long term.” I am not a licensed financial adviser in any jurisdiction and you may think with the above advice that is a good thing!
However, what I was pointing out is that:
a) there is far too much negativity in the world and there ARE lots of opportunities for those who think differently and go looking for them
b) “Just buy stocks”- If you catch the right asset in the right cycle you can be far more profitable in much less time. For example, many of us made more money in crypto in 2020/21 than in the last 30 years in the S&P. That is allowing for all monies in the S&P to be reinvested and net of inflation
c)Having all your assets tied up in the S&P in 2008 would not have been a good move as it crashed almost 60% and took 5 years to recover. In the same period gold tripled, so that was a better investment. Gold then went nowhere for years.
d) there is no guarantee that the current monetary system will still be in play in their lifetimes with AI taking many jobs & the $USA most certainly will not be the reserve currency.
e) Investing in property can give income straight away as well as capital growth and flexibility- the cry from Gen Z is “we can’t afford to buy a house” BUT in the UK for example that is not the case. Yes most can’t buy a house in London as the prices are ridiculous but in the north of England, Wales and Scotland you can still buy a good, 3 bedroom house for less than 100,000 GBP
f) Investing in property usually requires “good debt” -borrowing money that most don’t have to buy an appreciating asset and the buyer makes the profit. Yes interest rates are too high at the moment BUT make a plan now or buy at a discount. There is an expression in property investment that I stick to “make the profit when you buy”- if its too expensive walk away- the goal is to try find a “distressed seller,” someone who HAS to sell quickly.
g) there have been at least 5 major property booms in my lifetime. yes, they lead to busts, BUT if you are in for the return that’s not such an issue. When prices crash is obviously the time to be looking for bargains.
Here is the podcast recording. If you can please leave a “like” and add a comment on YouTube,
regards, Marc