Markets taking a pause from the vaccine rally - Ep 86 of Damien's Midweek Markets
Play • 9 min

Welcome to Damien's Midweek Markets.

Each week Damien will be dissecting the market and providing you with his own unique take on what it may mean for you and your investments.

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This is Money Podcast
This is Money Podcast
This is Money
Are investors right to buy British for better times after lockdown and Brexit?
Happy new year, happy new lockdown. 2021 has seen off 2020, but schools and large chunks of the economy have shut down again and people have been ordered to stay at home, as across the UK the nations adopt their own version of lockdown.  It’s probably been the gloomiest start to a year for as long as many can remember and a tough winter for people, businesses and the economy lies ahead. So what happened? The UK stock market jumped, of course.  Contrary as this may seem, there is some logic to investors buying into the hope that better times lie ahead. We have Covid-19 vaccines being rolled out that will hopefully make this national lockdown the last people have to endure – and we also have a Brexit deal. On this week’s podcast, Georgie Frost, Lee Boyce and Simon Lambert look at what the fresh lockdown means for the economy and why investors are choosing to look straight through it and develop a new appetite for buying British. Are UK shares undervalued and a great opportunity for 2021 and beyond – and will a strong consumer rebound once the economy is reopened prove the catalyst the FTSE needs? The team also discuss the potential implications of the Brexit deal for people’s finances and businesses. Meanwhile, the FTSE 100’s gains may have been substantial for a week on the stock market, but they are nothing compared to bitcoin’s continuing rise. The cryptocurrency cracked $40,000 this week: what’s going on, are people making real money out of this, and is there any idea what could happen next? Also, on this week’s podcast, the team talk moving home and getting your property looking attractive for a sale and with everyone stuck at home again, how to improve your wifi.
55 min
The Property Podcast
The Property Podcast
Rob Bence and Rob Dix from The Property Hub
TPP409: January Market Update
Here’s what the January market update has in store for you  It feels like we’ve been waiting forever for this January market update.  Could that much have changed in the market during the quietest month of the year?  Well, we’re about to find out. Here’s what to expect on this week’s property podcast episode The January market update is a jam packed one. If you thought that the property market was going to take a few weeks off and a wind down for Christmas, you were wrong. There’s actually loads to get through today as well as some big news stories. Here’s a quick insight as to what’s going to be covered on the January market update: Stamp duty  The impacts of lockdown Big reforms around leasehold  Plus so much more but we won’t spoil it all for you.  Make sure you tune into the January market update.   Exclusive! Last week we teased that we were launching a brand new podcast - and we promised we’d reveal it all today.  So, here we go! The name of the new show is… Any Other Business. A whole podcast to do with the ins and outs, ups and downs of what it takes to build and grow a successful business.  From here on out, Rob & Rob are going to take you on their journey as they grow Property Hub and take the business to the next level. And that next level is GAME CHANGING!  And what’s more… it’s a show you can watch on YouTube too!  Watch the trailer now - it’s just gone live!  While you’re there, hit the subscribe button and turn on notifications so you don’t miss our first episodes going live tomorrow.  We’re beyond excited about this new podcast and we’re really looking forward to having you join us every step of the way.   Hub Extra There’s only one possible thing that we could recommend for this week’s Hub Extra and that is, of course, our brand new website. If you’d like to check out Any Other Business, you’ll be able to find links to all your favourite podcast providers and listen to the podcast directly there. Please feel free to give us your feedback and thoughts.   Let’s get social We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! See omnystudio.com/listener for privacy information.
17 min
The Money Podcast
The Money Podcast
Rob Moore
The 4 Levels of Your Earning Capacity (limited to limitless)
In today’s brief but impactful Money episode, Rob shares with you the four levels of wealth when it comes to the actions, implementations or strategies that you can leverage as an entrepreneur.  Learn more about each level and how to climb the ladder of wealth from labour to vision. Rob shares the strategies from his own successful organisations and the upsides and downsides of each level.   KEY TAKEAWAYS   The first level of wealth is labour - using your sweat, your brawn, grinding, hustling; basically being employed. Labour is the way the majority of the population earn their money. This has an effect on your earning capacity, it is unlikely you will earn more than £50,000 per year.   The next level is management. Managing people gives you leverage. Use the people you manage to earn revenue for yourself. Learn about the limitations of management and how it can become hard and overwhelming.   The third level is strategy. The more people you can earn from or that you directly impact and create jobs for, the more money you will earn than just using your own time.  You can create the plans and actions to change a company or brand that managers then pass down to the workers to implement.   The fourth and final level is Vision. Think Steve Jobs or Elon Musk! These people are visionaries; they create next-level ideas, taking us from local to national to global. Be prepared though, you can’t hide from anything.   BEST MOMENTS   “There are higher levels of wealth than you’re currently at”   “If the visionaries were the workers, they wouldn’t have time to create big ideas and solve the big problems and create the collaborations”   “Be prepared to take the downside to get the upside. If it means you get more critics along the way, be game for that.”   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”   “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 See omnystudio.com/listener for privacy information.
14 min
The Progressive Property Podcast
The Progressive Property Podcast
Kevin McDonnell
Property News- Extension to Eviction Ban & Will There Be a 2 Year Rent Freeze
After last year's unexpected mini property boom during a global pandemic, many people are anticipating what this year's property market will look like. Kevin keeps you in the loop with this week's property news as he discusses Sadiq Khan’s call for an eviction ban extension and the effect Brexit will have on newbuild homes. Kevin also discusses what has been discussed this week in the Progressive Property community.   KEY TAKEAWAYS Weekly Property News In an article in Landlord Today, London Mayor Sadiq Khan has called for an extension of the eviction ban and a two-year rent freeze in London. Although he has no major powers over the private rental sector Khan wants the government to give renters the same protection as commercial tenants who have been granted an eviction extension until March.   The effect that Brexit will have on the housebuilding sector is that a lot of house building materials are manufactured in Europe. This means that there is likely to be a slowdown in production and delivery of materials especially early on in 2021.   With the stamp duty holiday coming to an end in March then it is likely that this could see an effect on builders and house building in general. It will be interesting to see if there is still the same demand for new build property.   Progressive Property Community News & Discussions Rob Moore posed the question to the community ‘When do people think that the property market will correct or slow down?’ The property market will likely slow down after the stamp duty holiday has ended. Once it has ended, there could be a crash in the market and a lot of property could end up having negative equity. When opening a business bank accounts many people opt for the famous high street banks. There are a lot of lesser-known online banks such as Starling and Tide banks which are easy to navigate and are cheaper options.   BEST MOMENTS “He is asking for more powers to implement a two-year rent freeze in London as an emergency measure.” “This could have a big impact on the slowing down of house building.” “It is going to be interesting to see how the layout of houses will change.”       SUBSCRIBE TO THE A NEW INVESTMENT SERIES   Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes   ABOUT THE HOST   Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.     CONTACT METHOD   https://www.facebook.com/kevinMcDonnellProperty/   https://kevinmcdonnell.co.uk/ See omnystudio.com/listener for privacy information.
11 min
Cash Chats Money & Personal Finance podcast
Cash Chats Money & Personal Finance podcast
Andy Webb
#160: Free school meals, repossessions, energy prices & the living wage (Your Money, This Week)
Your Money, This Week is a new regular Friday series on the podcast that looks at the biggest personal finance and money news stories of the last seven days. I’m joined for this one by Naomi Willis (Skint Dad), and we look at topics including: * The latest free school meals fiasco * The impact of lockdown on low-income families * Extensions to eviction and repossession bans * Record energy prices * Real living wage boost Read more on these stories at becleverwithyourcash.com/cashchats160 * Please do leave a review and rating if this saves you money. * ABOUT CASH CHATS Cash Chats is presented by money blogger and broadcaster Andy Webb. In 2020 the podcast was featured as one of the top finance podcasts by publications including Apple, Good Housekeeping, The Sun and the Independent. In 2019 it was awarded Best Money Podcast at the SHOMOS - the UK Money Bloggers community annual awards. On each Cash Chats episode you can hear Andy share ways to get the most from your money. He's often joined for friendly and accessible conversations by a friend from the UK Money Blogger community to cover topics as diverse as freebies and investments. Andy also runs the award-winning website Be Clever With Your Cash, presented Channel 5’s Shop Smart Save Money and founded the community ukmoneybloggers.com. To contact Andy email Andy@Becleverwithyourcash.com ANDY ON SOCIAL Andy's handle is @AndyCleverCash and you can follow him over at: twitter.com/AndyCleverCash instagram.com/andyclevercash GET ANDY'S WEEKLY NEWSLETTER You'll also get a free Quidco bonus for signing up https://becleverwithyourcash.com/newsletter/ MUSIC The music is Easter Island by Lonely Punk and provided on a creative commons licence
27 min
Property Magic Podcast
Property Magic Podcast
Simon Zutshi
Tenant Buyer Strategy (EXPLAINED!)
In this episode, Simon explains Tenant-Buyer Strategy. This works well for both experienced and new buyers. A great follow-on from the previous episode (66) where Simon talked about whether you should rent or buy your own home.   Listen in today for Simons knowledge and advice on this strategy, from both sides of the table!   KEY TAKEAWAYS   Being a ‘sandwich’ buyer can be a risky strategy and something Simon would not recommend. It’s much easier to do the Tenant-buyer Strategy that Simon talks about today, there is a lot less risk involved. A tenant buyer is someone who moves into a property to rent but is given the option to buy the property at a fixed price at a point in time. Becoming a tenant buyer is a great way to get your foot on the ladder. It can also be a way to ‘try before you buy’! Selling to a tenant buyer is great for experienced buyers who have properties they have decided aren’t the best investment for them anymore. Done it the right way you can make both sides happy. Keep it simple so it works for both the tenant-buyer and the owner, creating a win-win.   BEST MOMENTS   “I’ve done this on both sides” “Given enough time these problems will be solved” “It’s important to not be greedy and make it fair for everyone”     VALUABLE RESOURCES   If you would like to learn more about how you can use Purchase Lease Options you can join Simon for some Live online training by registering at www.PLOTraining.com   Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi   To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). iphone:  http://bit.ly/pinAPP1 Android https://bit.ly/pinAPP2   Register at Mindset For Property at - www.mindsetforproperty.co.uk    ABOUT THE HOST   Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.   Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.   CONTACT METHOD   Contact and follow Simon here:   Facebook: http://www.facebook.com/OfficialSimonZutshi  LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/ See omnystudio.com/listener for privacy information.
15 min
Finance & Fury Podcast
Finance & Fury Podcast
Finance & Fury
How to avoid financial distractions and hack spending habits.
Welcome to Finance and Fury, I hope you are all going well. Today we will be going through how to avoid financial distractions. This episode is a little bit of a follow up from the previous - as one of the comments I made was a little oversimplified – that was that if you simply spending less and invest these funds – you can achieve more in your financial future – * It is not as easy as it sounds – it is very easy to say to someone spend less and invest more – but to actually achieve this as part of a goal can be almost impossible without the right tools to reduce discretionary or non-essential spending * So in this episode – we will outline some of the core reasons behind spending habits and some ways to hopefully hack these in your own lives to help reduce needless spending and instead redirect these funds into towards your financial futures * When I talk about spending - Not talking about needed or essential spending- but those additional spending items that can be made on impulse rather than as part of a plan * This whole episode comes back to the economic question – of having finite recourses – but yet unlimited wants – but the real issue is the wants that we don’t know we want until we want them – bit of a mouthful – however: the age of the internet and social media marketing has really redefined wants * Think about the availability to promotions that we have to put up with – advertising everywhere and the temptation to purchase at out fingertips * Facebook, instragram, amazon, ebay – all have massive market places – has increased our access to the offers put on place on an exponential scale – * Before the internet – you would need to go into a local store and be tempted to buy something * Concept of window shopping – looking through the window which provided a trigger and temptation – but now that window is right in your own home or wherever you are with your phone – that black mirror of a smart phone has become the new window shopping and with this – the temptation to buy has increased at an incredible rate – as now – rather than you needing to be in front of a specifics shops window – which you would physically have to travel to and be limited in choice to what that window contained – now any store across the globe is in your hands at any time of the day, on any day of the week * access to technology is a great thing – when used correctly – however – marketers and social media companies know how to manipulate people very well through cues and reward triggers we are pre-disposed towards that fuel addictive purchasing habits * Hence - In the modern era – our wants can definitely outweigh our resources – creating additional problems or barriers to the economic question * But at the same time – we have been the wealthiest any societies have ever known on average – but our resources can be sapped by up in some pretty tricky ways – leaving us no better off long term - So in this episode – want to lay out a game plan and strategy to help curb some spending habits and instead redirect spending to your long term self-prosperity * The first step is understanding Distractions and temptations * Story of Tantalus – ancient Greek story - most famous for his eternal punishment - he was made to stand in a pool of water beneath a fruit tree with low branches, with the fruit ever eluding his grasp * The catch was that if he reached for the fruit – it would rise out of his reach – but at the same time - the water he was standing in would always receding before he could take a drink – so he was condemned to the afterlife – to be always hungry and always thirsty – hence – his economic problems were never being met * But we are different from tantalus – we are not dead – someone who is dead technically doesn’t need food – unless they are a zombie searching for brains * But we can learn from Tantalus and his temptations – is very similar to our modern situation – for the vast majority of the population – we may not need the things we crave – but yet still crave them – for tantalus – it was food and water – but he was dead – hence he didn’t need these things – but still was triggered to yearn for these items – for us it may be a new TV or computer, or a new piece of clothing or any item that technically we can go without – due to social conditioning through social programming from advertising or other impulse triggers – we can crave these items and trick ourselves into thinking we need them * If you care about your financial future – you need to become less distracted or tempted from the temptation of purchases * Easier said than done - We all have temptations - mine are computer games * For me – I love strategy games – either RTS or grand strategy games –Games are addictive for me – but why? Well - get to progress in an online world gives same feeling as doing it in real life - Also competition – beating others – I can build an empire and thrive online * I think I have a special kind of autism that helps with repetitive tasks – but I got good at these games – gave a feeling of accomplishment and at the same time – provided a strong distraction from doing other things that I needed to do * Buying things does this as well. Not about the item we are buying most of the time – or what that thing physically gives us - but the escape – to distract and help to meet the feeling of achieving something * This comes back to greater aspect of distraction and temptation – is that for me – games provide something that is rather easy for me to control and at the same time – relatively easy to succeed at – especially when compared to things in the real world * Something we can control and succeed at can provide a powerful distraction to our own lives – why bother work at something hard in our own lives when we can turn this time and energy into something online – or to purchase something to provide the same feelings * If a goal is too great a goal – and you don’t think you can reach goal then why not play some games or buy some items on amazon and succeed at something else – provides the same sort of reward pattern without providing the long term actual reward that would benefit us the most * As an example – when I was at uni – I could easily play 10 hours a day on an MMORPG – imagine that I continued this to this day – instead of ceasing this activity and instead using this time to start a business and build this to help people with financial advice – I may be living at home still – still playing games – I might be great at online games but I may be a total wreck in my own personal life – but if I was committed to games instead, would this really matter if I was just chasing the feeling of achieving something? * This all comes back to Escapism – escaping the harder tasks of life – at uni – instead of studying – why not play games? Uni was relatively easy to get 5s and 6s in a lot of courses – so why devote any time into getting 7s? * But this habit of playing games instead of studying (outside of the hours that I was working) was the path of least resistance – help me fill a role and feel like I was achieving something else – in other words – escapism – * Spending habits can also be escapism – if you feel like you want to be financially independent and rich – well why not spend some coin now and act like you are FI and rich – even though it might be on a CC – you still get that same escapism feeling now – without actually having to work towards – the temptation of spending itself can provide the very feeling or outcome that our long-term goal does * This can be a dangerous form of escapism if you don’t fully understand it – I was luck enough to realise I was wasting my life on games during the uni days…
23 min
The Michael Yardney Podcast
The Michael Yardney Podcast
Michael Yardney; Australia's authority in wealth creation through property
My biggest investment mistake exposed | 3 demographic trends all property investors must understand with Pete Wargent – Summer Series
Let me ask you a question - Have you made any mistakes in your investment career? If you’re an investor, you almost certainly have made some mistakes. Nobody starts out as a great investor – property investment is a learned skill. Today, I’m going to share with you one of the biggest mistakes I made early on in my investment career indisputable proof that I began life as an investment suck up. Today’s show is part of what I’m calling the 2021 Summer Series where we replay some of the best episodes of the past. Throughout January I’m sharing 3 shows a week with you rather than normal 2; and the reason I’m keen for you to listen to today show is because I hope you’ll learn something from the big mistake I made. You see… I was taken in by a spruiker. In the almost 50 years that I’ve been an investor nobody has made mistakes in the investment journey than I have. In fact, I often say I’m a real success at failure. Yet I’m a very successful investor today, and that’s largely because I’ve learned from my mistakes. So, as I said, I hope you learn from my mistake, made early on my investment journey where I lost 100% of my invested capital, and that was one of the many learning fees I paid to the market over the years. Subsequently, I made lots of mistakes and paid lots of learning fees along the way, and that’s one of the reasons I share these regular podcasts with you to help you avoid making the same mistakes. Now the mistake that I’m going to share with you today was made in the early 1970s, but the lesson is just as relevant today because now that our property cycle is now entering a new stage there are plenty of sharks out there, plenty of property spruikers out there giving “advice” who have a vested interest rather than your interest at heart. And I hope you enjoy our chat as I expose a few things about my past. Then I’m then going to have a chat with Pete Wargent about 3 demographic trends you need to understand as a property investor. But remember, this is the replay of a show that was recorded a couple of years ago, yet the information is timeless, so it’ll be interesting to see the comments we made about demographics before the coronavirus affected our markets in 2020. However, I believe the long-term trends Pete and I talk about are just as relevant today as they were back then. I also have a great mindset message for you. My Worst Investment Loss Exposed! I’m keen to tell you the story of how I lost 100% of my invested capital many years ago, way back in the 1970s, and the investment mistakes I made which created this disastrous result. But first I want to explain the 2 main reasons why I’m sharing this story. * Losing investments can be great teachers. You’ll not only learn from the investment mistakes you make, but you can also learn from other people’s investment errors so that you don’t have to make the same mistakes yourself. Most investors pay the market a huge learning fee in the way of mistakes. Studies show that around 50% of investors who buy an investment property sell up in the first 5 years. Clearly, they’ve done something wrong. And most investors who stay in the game don’t make it past their first or second property, so clearly, they’re not doing things right. So why not learn how to avoid their common mistakes? * Losses are a natural and normal result of making investment decisions. Don’t be so hard on yourself when things don’t go as planned because the key to long term success is what you do when this occurs and the lessons you learn from your mistakes, so you don’t repeat them. Here are a few of the more obvious mistakes I made with this investment: * I gave my money to a virtual stranger without doing enough due diligence * I invested in something I didn’t understand * I bought a story rather than investment fundamentals. * I was lured by the opportunity of making quick money * In reality, I was speculating, not investing and risked money I couldn’t afford to lose. * I had no investment strategy – just a desire to get rich quick. I learned many lessons from this experience including: * Not everything that glitters is gold * Sometimes your best investments are the ones you don’t make. * Don’t invest in anything you don’t fully understand. I knew nothing about gold mining, so I was speculating rather than investing. I had no competitive advantage and there was no mathematical expectation for my investment strategy. * One of the worst things that can happen to an investor is to get it right the first time. I thought I was smarter than I was when in reality my investment success so far was in large part to a rising property market – a boom that made me look smarter than I was. * Don’t become overconfident -the market will soon humble you. * I didn’t understand the incentives of the so-called “advisor” who really had a vested interest which created biases in the recommendations he gave me. My worst investment mistake was a cheap lesson This investment was the first of many learning fees I’ve paid to the market over the years. I’ve made a lot of mistakes and paid a lot of learning fees during my journey to investment success. Nobody starts out as a great investor. Property investing is a learned skill. You now have indisputable proof that I began life as an investment sucker. Few people have made more mistakes in their investment journey than I did. In fact, I’ve often said I’m a real success at failure. Yet, I’m a successful investor today, and it’s largely because I’ve learned from my mistakes. I hope you’ve also learned something from my mistake. Highlights from my conversation with Pete Wargent about Demographics * Demographics drive the property markets * One of the big changes ahead are the technological advances that will change the way we work. * As many as 30-40% of the jobs today may not exist in their current form by 2030 * Property price growth is linked to wage growth so it’s important to understand what’s going to happen to wages * Livability becomes more challenging as cities become larger and infrastructure and transportation don’t keep up * People will want to live near where they work and near public transportation, especially in cities large enough for car ownership to not be realistic for many people Links and Resources: Michael Yardney Metropole Property Strategists Pete Wargent Next Level Wealth Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us Shownotes plus more here: My biggest investment mistake exposed | 3 demographic trends all property investors must understand with Pete Wargent - Summer Series Some of our favourite quotes from the show: “I’ve actually learned to say no to more opportunities that come up than yes, and I’ve made more money by saying no to them.” – Michael Yardney “One of the key factors to my investment success is that I always try to learn from my mistakes.” –Michael Yardney “Your mentors are the people that you hang around with that you learn habits from.” – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how
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