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The Meaningful Money Personal Finance Podcast

Strategies For Having Fun With Investments

The Meaningful Money Personal Finance Podcast

Pete Matthew

Business, Investing, Education

4.81.6K Ratings

🗓️ 19 October 2022

⏱️ 28 minutes

🧾️ Download transcript

Summary

We’ve all heard the classic mantra that good investing should be boring. And that’s true: buy-and-hold, long-term, index-tracking investments are the best option for the majority of people, the majority of the time. But today we’re going to balance that by talking about having some fun with your investments. Some of them, anyway!

Transcript

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0:00.0

Hi folks and welcome to the Meaningful Money Podcast this is season 23 episode 6. Yep, here we are once again. Thank you for joining us. Here is the main man Roger Weeks joining me once again.

0:17.0

Hi Pete, how's things?

0:18.0

Yeah, all right.

0:20.0

Yeah, good. It's the same as ever, we're here in episode six of what might be an endless season. We shall see well. We'll see what we're talking about today. Well today we're going into a different direction altogether. I don't think's ever been covered before on the podcast. Yeah, it should be interesting, but we've all heard, and I'm sure that I've said it,

0:36.4

this sort of classic mantra that good investing should be boring.

0:40.2

And that remains true.

0:42.3

So buy and hold long-term index tracking investments

0:45.1

remain the best option for the vast majority of people the majority of the time

0:49.0

in our not so humble opinion but today we're going to balance that by talking about having some fun with your investments at least a little part of it anyway

0:57.7

But before we get into it, don't forget as usual after the main body the show will read review that's been left to answer one of your

1:03.0

questions and we'll announce what we're going to be talking about next time.

1:06.5

And remember that the notes and links from today's show are the show notes, the only

1:10.0

link you need to remember, Meaning dot TV slash SF six you know

1:15.7

the whole Sierra Foxdrop six we really made a mess of this didn't they

1:21.3

be choosing S and F but never mind let's look at what you need to know first.

1:26.7

So investing should be boring most of the time as we've said or at least it should be boring

1:30.3

with most of your money and I think it's important to sort of hammer that

1:35.9

home right at the start because we have to face facts. Fun or interesting

1:41.4

investing can be quite sort of alluring and sexy and full of attraction.

1:48.1

Yeah but invest in generally should be multi decade soade. So fun or speculative investing gets

1:53.7

pretty exhausting of those timescales. You're trying to switch and fund and

1:57.5

change and stuff so whereas set and forgetting investing makes so much more sense to

...

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