MMP142: Financial Fads and Fashions
In any sphere of life, there are things which are big news one day, then fade away the next, and then there are the timeless things which stand the test of time. This follows in personal finance too, and today I’ll be looking at some financial fads and fashions, as well as some timeless truths for those looking to increase their wealth.
This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support.
You can see what they’re up to at 7im.co.uk
In this session:
There is so much marketing in personal finance, and so many conflicting voices telling you what you need to know and what you need to do, ahem, that it can be hard to know what is true and permanent.
You want to avoid these short-term financial fads and fashions, and I’m here to look at some examples and show the timeless alternatives which have stood the test of time, and crucially, how to tell the difference.
In this session, you'll discover about financial fads and fashions, and:
- What constitutes a ‘hot' investment and why they come and go
- We we often fall for these marketing messages
- The difference between a legitimate tax-saving scheme, and one which will be scrutinised by HMRC
- My pet-hate funds of the moment and why they're not delivering on their promises
- The two common-sense rules of thumb which will help you avoid being taken in
- Why it is essential that you know what you're really invested in
You are responsible for your own wealth. You might hire an adviser – a good idea – to help you make big decisions, but it’s your money at the end of the day and you have to take ownership. Do your homework and take you time with all decisions. If you’re concerned about anything – either email me or leave a comment below.
Join the conversation
I love to read and respond to your comments, so please do join in and share. Question: Have you invested in any of the fads and fashions I talk about this week?
Share the love
Hugs and kisses to Philh56, Kellaher and Thezoofox for their reviews this week – much appreciated folks!
If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below: