SharkPod #82 ”Building an Investment Strategy” with Luke and Mark

2021-08-04

What is up SharkNation! ***This is not financial advice - it is meant for education purposes only*** Luke and Mark talk about 'getting your money right' and building an investment strategy to make the most of the income you're generating. Luke acts as a guide and breaks down the simple steps a 35 year old would need to take to generate an investment pot of €1m+ in 20 years. Key takeaways: 1. Everyone should do the math on the €1m investment pot, and what it takes to get there - Luke a...

What is up SharkNation!

***This is not financial advice - it is meant for education purposes only***

Luke and Mark talk about 'getting your money right' and building an investment strategy to make the most of the income you're generating.

Luke acts as a guide and breaks down the simple steps a 35 year old would need to take to generate an investment pot of €1m+ in 20 years.

Key takeaways:

1. Everyone should do the math on the €1m investment pot, and what it takes to get there - Luke and Mark describe the the platforms and assets you might use to build and manage your portfolio.

2. As with all income - it's not how much you make but how much you get to keep that matters. So the guys discuss possible tax strategies and how someone might choose investments that won't attract unnecessary taxes.

3. You need a long term mindset - "time in the market beats timing the market'.

4. There are alternatives to ETFs to give a portfolio broad market exposure. Investment trust might be a way for some investors to build their fortune.

5. There are great resources out there - For portfolio ideas see http://www.lazyportfolioetf.com/. Books recommended on the podcast include Unshakable - Tony Robbins. Master the Trade - John Carter and Principles - Ray Dalio.

For Feedback: Luke@shark.ie

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