GROWTH – First Principles 7
If you’re going to achieve your own definition of what it means to be wealthy some day, you’re going to need your money to grow. Today I want to talk about growth, what it means and how to achieve it.
This podcast is brought to you with the help of Seven Investment Management, who specialise in multi-asset investing, something I talk about a lot, and which I think should form the core of most people’s investments. 7IM have been helping me out here on MeaningfulMoney for ages, and I'm very grateful.
You can see what they’re up to at 7im.co.uk
Growth is the goal of most people who invest. Some favour income, particularly those in retirement, but even for those folks there’s often a need and desire to see our money increase over time. We all want to see the value of our houses rise over time; we all want to see the balance on our pension statement be higher than it was last year. And no matter how much I bang on to my clients about investing for the long term, if their portfolio is down this year, the conversation is always more difficult then when it goes up!
So, growth is important, but what is it, how should we define it, and more importantly, how do we achieve it?
Resources mentioned in this episode
Podcast: How To Choose A Multi-Asset Fund
Podcast: RISK – First Principles 5
Podcast: INFLATION – First Principles 6
Course: Learn How To Invest
And, here's a transcript of today's episode:
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