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This is Money Podcast

From inflation to investing mistakes: Best of the This is Money podcast from 2021

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 β€’ 650 Ratings

πŸ—“οΈ 31 December 2021

⏱️ 54 minutes

🧾️ Download transcript

Summary

It's safe to say 2021 has been an eventful one for the economy and personal finance – and our podcast has covered it all.

Georgie Frost takes a look back at some of the best bits of the show starring Simon Lambert, Lee Boyce, Tanya Jefferies and Helen Crane.

We talk about investing mistakes and what you can learn from them. How much a lifetime will cost? And what is behind the inflation surge that emerged in the last few months of the year?

There is a bit about house prices – naturally – and we chat over our Β£1bn underpaid state pension victory.

And we have a Dragon in the house. Simon catches up with new Dragons' Den star Steven Bartlett, who has a hugely successful podcast of his own.

He talks through his views on the traditional route to success and why it is outdated. Happy New Year!

Transcript

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0:00.0

Welcome to This Is Money podcast. I'm Georgie Frost and in this New Year special, I'm looking back at how we reported some of the big stories of the year with editor Simon Lambert, plus Lee Boyce, Helen Crane and Tanya Jeffries.

0:12.3

From rising inflation, the mad housing market, Rishi's budget, Simon's biggest investing mistakes and how much Lee reckons he'll spend in a lifetime.

0:20.8

Don't forget

0:21.1

he steps to date with all the latest breaking money news, just go to this ismoney.co.uk or download

0:26.8

the app. But first, mistakes. We all make them, but do we admit to them as much as we should?

0:33.3

Investing mistakes can be among the toughest to swallow and own up to. But looking at where we went wrong and learning from it is an important part of long-term investing.

0:42.6

The GameStop saga in January got Simon thinking.

0:46.5

Well, I should start by saying that this is resolutely not another slot about GameStop.

0:52.1

I'm sure people have read and heard plenty about GameStop over the past week.

0:55.6

We did a whole podcast on it last week, which brought a reasonable amount of criticism for some of the things we said.

1:02.8

However, suffice it to say that the price of GameStop that had been pushed up by the Reddit-fueled trading frenzy to more than $400 a week ago is now at $53.

1:15.8

So if you bought in anywhere near that peak last week and in the frenzy, then you are likely

1:24.9

to have lost money.

1:26.6

You might have made money, you might have sold out

1:28.2

a higher price, but there was a lot of talk of holding the line, diamond hands, all that kind of

1:32.1

stuff. And anybody who did get involved near the end and did so in order to make a quick buck,

1:38.6

and there will be plenty of people who did that, where the line lies on fighting the system

1:42.5

of making a quick buck is highly debatable.

1:45.1

But there will be plenty of people who thought they make a quick buck

1:47.5

and plenty of people who possibly shoved in more money than they should have done

1:50.9

because that's always the temptation to make a quick buck.

1:53.4

And some of them will be sitting on sizable paper losses

...

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