Ep 492 - Investors' behavioural biases, crowdfunding and financial planning week
The Money To The Masses Podcast
Damien Fahy
4.8 • 589 Ratings
🗓️ 2 February 2025
⏱️ 33 minutes
🧾️ Download transcript
Summary
On this week's episode, Damien discusses seven of the main behavioural biases that can affect your investment decision making and hurt your investment returns. Damien also explores crowdfunding, the potential rewards, risks and examples of crowdfunding successes and failures. Finally, Andy looks at financial planning week and the free tools and advice that are available for those wanting to sort their finances.
Thank you to our sponsor Lightyear This show is sponsored by Lightyear, a new, straightforward platform offering a Stocks & Shares ISA. With no account, subscription or custody fees, Lightyear’s Stocks & Shares (S&S) ISA will be 10 times cheaper than the average market provider over 10 years (based on research conducted by Capital Economics) and its Cash ISA offers easy access to the Bank of England base rate. Both accounts are flexible, so you can withdraw and re-invest without affecting your annual limit. Capital is at risk and ISA rules apply. Other fees - like foreign exchange fees - may apply. Lightyear UK Ltd is authorised and regulated by the Financial Conduct Authority
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00:00 - Celebrating 15 Years of Money to the Masses 02:43 - Understanding Behavioral Biases in Investing 19:46 - Mitigating Investment Biases for Better Decisions 20:13 - Understanding Crowdfunding: An Overview 21:02 - Types of Crowdfunding Explained 23:27 - How Crowdfunding Works 24:05 - Potential Rewards of Crowdfunding 25:40 - Risks Involved in Crowdfunding 28:03 - Behavioural Biases in Crowdfunding 30:28 - Final Thoughts on Crowdfunding 30:44 - Financial Planning Week Overview 31:00 - Get a Free Financial Review
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Transcript
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| 0:00.0 | This show is sponsored by Lightyear, a new straightforward platform offering a stocks and shares ISA with no account, subscription or custody fees. |
| 0:08.6 | Light Year's stocks and shares ISA will be 10 times cheaper than the average market provider over 10 years based on research conducted by capital economics. |
| 0:17.6 | And its cash ISA offers easy access to the Bank of England base rate. Both accounts are |
| 0:21.8 | flexible so you can withdraw and reinvest without affecting your annual limit. Capital is at risk |
| 0:27.5 | and ISO rules apply. Other fees like foreign exchange fees may apply. Lightyear UK Limited is |
| 0:33.1 | authorised and regulated by the Financial Conduct Authority. |
| 0:42.1 | Hello and welcome to episode 492 of the Money to the Masses podcast with your resident, |
| 0:46.4 | expert as always, Damien and me, Andy Licks. Damien, welcome back. How are you doing? |
| 0:53.2 | I'm good. It's a big week actually for Money to the Masses because during next week, |
| 0:56.3 | we will actually celebrate our 15th birthday. |
| 1:03.2 | So Money to the Masses as an entity was created on the 4th of February 2010. |
| 1:08.8 | So if you know the story, it was at the end of my paternity leave after my first daughter was born, I went back to work, a little bit disillusioned |
| 1:11.7 | and they end up creating or coming up with the idea for money to the masses. And the very first |
| 1:16.1 | ever post was created back then. And it is still on the website. If you go and hunt deep enough |
| 1:22.9 | and find it, there is one on there from those dates. So All that original content is there. So it's a big |
| 1:28.7 | birthday for us. 15 years. Who would have thought it? And a lot of this changed in those 15 years. |
| 1:34.8 | So thank you to everybody who supported us along the way. And please do make sure that you |
| 1:40.6 | write reviews about the shows. Follow us on our Instagram profiles, YouTube, |
| 1:46.1 | subscribe, all of those things, and do tell people about Money to the Masses, the website, |
| 1:51.2 | the show, the podcast, YouTube, everything, because it means a lot. It means that we hopefully |
| 1:56.9 | can continue to be around in another 15 years time. |
| 2:01.7 | And just as a bit of a visual thing for our listeners as well, |
... |
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