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Anna Clare Harper chatted to Ann-Marie Atkins, a Managing Partner and award-winning Financial Planner at Evelyn Partners, about what you need to know about investing.
Disclaimer and spoiler alert - there’s no actual investment tips or investment advice, the game-changing advice is about TAX and INFLATION (and booking a Finance Date with yourself).
Some snippets from Ann-Marie:
- Want to double your money in the next 10 years?? You can, if you invest at 7.2% interest (a version of this is known elsewhere as the Rule of 72)
- If you do one thing, think about tax first because it will have the greatest impact on your net returns - for example ISAs, SIPPs, Lifetime ISAs. If you haven’t yet, now is a great time before the end of the tax year.
- How much you should be contributing to your pension each year.
Anna shared some of her thoughts including:
- 'Something I’ve seen as I’m spending more time in the US is that there’s a much greater acceptance of mistakes. Business founders are celebrated for trying as well as for succeeding; there’s less shame around learning by doing. Here in the UK, speaking for myself, I was brought up to be scared of making mistakes with money - and the cost of that fear is huge - both for individuals and for our economy!
- Booking a monthly finance date with myself is something I find really helpful, and having a process and plan to follow.
- Some comments from listeners - for example, one very successful listener shared: “I’m just crap at this stuff. I put a reminder in my calendar to sort out my ISA or read up on how to allocate it, and then I keep postponing the calendar invite.” and we shared some nuggets about how to make this easier…'
Guest website: https://www.evelyn.com/
Guest LinkedIn: https://www.linkedin.com/in/annmariebanks/
Host LinkedIn: https://www.linkedin.com/in/annaclareharper/
Host website: https://www.greenresi.com/
