How to start investing or become a smarter investor

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 1 February 2019

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Investing has proven to be the best way to beat inflation and grow your wealth over the long-term, but how do you get started?

And if you do already invest but feel you’ve lost track of your goals or ended up with a jumble of investments, how can you improve things?

In this second edition of a two-part podcast special on saving and investing, Simon Lambert and Georgie Frost dive into how to be a smarter investor.

They bust the jargon and look at why people should invest, how to get started, what investments you can choose and how to find the right ones for you.

Simon discusses his experience of investing, what he got right along the way and importantly the things he got wrong.

But why should you invest? Well, between 1900 and 2017 owning UK shares would have delivered an average return of 5.5 per cent, beating cash savings at 1 per cent and property at 1.8 per cent, according to the respected Credit Suisse Investment Yearbook.

There’s no guarantee that history will be repeated, but companies should always have the ability to put money to productive use and reward investors with rising share prices off the back of their profits, dividend payouts, or interest on bonds.

Listen to the podcast and tell us what you think.

Transcript

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0:00.0	Welcome to This Is Money podcast in partnership with NS&I. I'm your host, Georgie Frost, and alongside me today is editor Simon Lambert.
0:10.0	And this is the second of a two-part series on making the most of your money.
0:13.6	Now, last week we looked at savings. Today, it's all about investing. Why you should do it, how to work out your goals, how to get started, what
0:21.5	different options are there, how do you keep calm and carry on investing in troubled times,
0:26.5	plus we'll be busting a few myths along the way. And don't forget you stay up to date with
0:30.8	all the latest breaking money news, just go to this ismoney.com.uk or download the app.
0:36.2	This is Money brought to you in partnership with Ennis and I.
0:39.8	For a gift, your little ones will appreciate even when they're not so little.
0:42.9	Give them premium bonds at ns and I.com.
0:45.5	Now, do you invest? Ignoring that most of us do anyway in the form of a pension,
0:49.3	the fact that you read this as money and listen to the podcast significantly increases
0:53.1	the chance that you are an investor.
0:55.0	But that doesn't mean that you should turn off now. Ocontrere, firstly, when on certain times,
0:59.7	should we put it that way, lay ahead. Reminders about the benefits of investing as well as how to keep
1:04.9	cool and write out the turbulence is always useful. But also how many of you have a really
1:10.0	detailed, good investment plan?
1:12.8	But before we get to what that exactly means and how to go about sorting one out, Simon, welcome.
1:19.1	Why invest? And what do we mean when we talk about investing? It sounds a really obvious question,
1:23.8	but lay it out for us.
1:25.3	So what we mean by investing is basically not putting your money into a cash savings account.
1:33.3	I guess putting your money into a savings account so that you earn some interest on it is a form of investment with your money.
1:40.6	But we generally tend to refer to saving as that in terms of doing it in cash
	...

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