Jordan Gaskell
@WealthLesson
I help ordinary people build Wealth. $180k portfolio. Sharing the journey and tips with you.
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A Pension is a Wealth Building Hack. Millions ignore the best investment around because it’s “boring” Here’s how it earns 100% returns (and retires so many) 🧵
My Striker
Bob - Values home £20k above market: “they redecorated (painted) last year” - “Spends about £5k/m”(it’s 8k) - Thinks their meme coin will blow Dan - Uses average sale price despite the extension - Spends exactly £5,650/m - Uses a 7% expected return Who’s gonna get lucky?
Trump puts everyone’s favourite stock on sale: MaRkEt MaNiPuLaTiOn! China puts everyone’s favourite brand on sale:
I check my portfolio daily. Because, like an idiot, in my youth I invested in small, higher risk plays that are very volatile. I want to cycle out. If you’re invested sensibly, in a diversified index there is no point checking more than every 6 months. Ride the wave
So, who else missed the bottom ✋🏾 This is why you don’t try to time the market. If you were a seller here, you’ve just missed big gains. I bought the first dip because it aligned with my normal timing. I’ll buy again this month. Don’t try and be Warren. Stay long term.
In September 2022 the market dipped to 3,585 points. Albeit over a longer time period, this was 1,200 points of the peak in December. Don’t remember as much hysteria back then. Yes it’s been sharp. But recent history shows you these are temporary setbacks.
For newer investors, a few key lessons are coming from this crash: 1. Don’t keep emergency funds in stocks. If you lost your job, your savings have taken a 15% hit. 2. When retirement is close, don’t be all equities and have cash on hand. 3. Bear markets make millionaires.
The market will not go to zero. You know that. If it did you’d have far bigger problems in your life. So don’t panic today. It will be back. The millionaires of 2028 are buying today. Don’t be sat around in 3 years thinking “If only I just….”
If you’re at the early stages of your investing journey right now… This is normal. Markets go up and down. Today will be a bit poo. Unless I had less than 5 years runway I’m a buyer in this market. Crashes are opportunity.
Your ISA allowance of £20,000 runs to April 6th. If you haven’t used it by then, it’s gone for good. It’s the one of most generous Tax efficient wrappers globally. Doesn’t matter if you can use £20,000 or £20. Use it.
You can't roll your ISA allowance into next year... Use it or lose it
I made money a a speculative crypto this month. It was a punt which didn’t require money from me. Some made more as the price dipped before I could sell. It was a gamble. I didn’t focus on the price. If you want to speculate, know it is a gamble. Don’t bet the house.
“Be greedy when others are fearful” Market corrections can be a bit nerve wracking. But if your outlook is long term, there is opportunity here.
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