Episode 35 – The Investor’s Guide to Soufflés
This is the second podcast of our three part series on investments. With financial well-being in mind, Chris, David and Producer Tommo provide some practical ideas and thoughts around investment planning. As ever we have a giggle with a #tightasstommo anecdote and Chris has a big announcement to make.
0:15 – Welcome & Introductions
0:59 – Football and Financial Wellbeing
2:00 – Basic Investment Principles
Episode 34 – Positive Behaviour & Investing Successfully with Dr Daniel Crosby
3:19 – The sale of Ovation Finance to employee ownership
Take a look at this Adviser Lounge post for further information about Ovation and EOT’s
8:27 – #tightasstommo tip of the week – lunchtime meetings and power of attorney
11:15 – Basics of investments
Investments should not be looked at in isolation to an overall financial plan.
12:30 – What is the point of investing?
15:51 – Top Tip 1
To reduce the investment risk, consider spreading the investments around different asset classes.
16:35 – What basics of wellbeing are relevant to investing?
17.20 – Are the investments aligned to your financial plan?
17:45 – Top Tip 2
If you do not like managing your own investments, let someone else do it for you!
18:00 – What’s a multi-asset fund?
18:20 – What’s the difference between an active and a passive fund?
20:30 – Top Tip 3
Treat your investments like a soufflé
21:55 – What does re-balancing mean?
23:05 – David asks “Where is the risk and excitement?”
24:35 – Top Tip 4
Don’t take more investment risk than you’re comfortable with
24:30 – Investing is different to speculating
25:00 – If you are going to speculate or gamble, make sure you can afford to lose it all
25.30 – Summary of tips
26:15 – The danger of playing with investments when you do not know what you are doing
Do you have any financial wellbeing questions you would like answered?
Let us know and they could feature on a future episode. Contact us through Twitter @Finwellbeing or email – contact@financialwell-being.co.uk
If you would like to purchase a copy of The Financial Wellbeing Book please click on this link to visit Penny Brohn UK shop
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