Jasper Hall

The big house is great until you have to sell it to afford retirement Your house shouldn’t be your pension Your businesses, brokerage, & investment properties should be

@GuyTalksFinance People say it’s for “peace of mind” I get the same peace of mind having enough invested (liquid) to pay it off (if I want to) Only difference it earns more elsewhere

I’m struggling to find a good reason for why I wouldn’t pay my mortgage off early. Not having a mortgage payment frees up so much monthly income that I can use to invest in the market while having more financial stability. I would also be locking in a guaranteed return compared to speculating in the market.

You don’t need to clear your mortgage for peace of mind An investment portfolio that can pay it off at any time gives the same peace but more freedom & flexibility

I cringe when people say “my house is my retirement” Or “your house is your best investment” You can’t chip off a brick to pay for breakfast

@MartinSLewis @itvMLshow No questions, I’m sure you’ll be great! Any step towards encouraging investment is a plus.

For the 1st time ever in its 13yr history, tonight 8pm @itvMLshow is a beginners guide to investing. Who should invest, how much, where & how? I'm a touch nervous as its outside my usual territory, but I've a panel to answer Qs and think its a crucial topic. Got questions you want to suggest send them to the team at martinlewis@itv.com

@MartinSLewis The moment I discovered global index funds/ETF’s at 23 (30 now, believe it or not!) Before that I thought the stock market was risky, now I realise it’s calculated risk and the longer your time horizon, the better!

TELL US: What was the moment you finally felt financially grown up (if you have) and how old were you? Please answer by reply, producer Matt will collate, and do like your faves.

@BritishHodl Damn it, now I have to sell 96% of my net worth

BANK OF AMERICA HAS RAISED IT'S OFFICIAL BITCOIN RECOMMENDATION FOR CLIENTS TO 4%. HIGHER, FASTER, SOONER. BlackRock's $IBIT being the number ONE revenue generator inside of 24 months was the straw that broke the capitalists backs!

@WatcherGuru Damn it, now I have to sell 96% of my net worth

JUST IN: 🇺🇸 Bank of America officially recommends clients put up to 4% of their portfolio in Bitcoin and crypto.

@StevisDave @therealhostman @MartinSLewis I buy the Vanguard FTSE All World (VWRP). Done pretty well over a long period!

@therealhostman @RichardN7 @MartinSLewis Please tell the group about this 10% and the risks involved etc.

Today's Poll: Do you support the Chancellor's reported plans to cut the tax-free cash ISA allowance from £20,000 to £12,000 (and keep shares ISA at £20,000). The govt's long said if it does this it won't be to raise revenue but to encourage more young people to invest.

@therealhostman @MartinSLewis So many feel a stocks and shares ISA is a huge risk. It’s a major mentality problem in the UK

@MartinSLewis It’s a pointless move, doesn’t achieve anything. What I want to know is why do you always advise ppl to put money in cash savings. You’re part of the problem with poor financial education. Guaranteeing ppl lose with inflation eroding their money.

@mattmeringue @MartinSLewis @FinancialTimes As long as it’s not a detriment to the current S&S ISA and it’s an additional incentive, I don’t see an issue

@jasperinvests @MartinSLewis @FinancialTimes The last government announced a British ISA along these lines but never got anywhere

The @FinancialTimes is reporting that the cash ISA limit will be cut from £20,000 to £12,000 in the budget (though don't know from when). It hasn't mentioned a carve out for older people (which may still happen). This is to encourage investing not raise revenue, if true, its the wrong solution, to a real problem, for me (I'd work on improving investment education, culture and incentives instead). Plus it will simply lead to the obvious loophole people using shares ISAs to hold cash. Anyway we'll see on Wed exactly how it works.

@citytwit @MartinSLewis @FinancialTimes I know yeah. Don’t think I’ve ever used a Cash ISA anyway as you can just hold a money market fund within a S&S ISA. I meant they should be the limits for each account type

@jasperinvests @MartinSLewis @FinancialTimes It is currently 20k across a cash ISA and stocks and shares. Not 20k in each. Fortunately savers can own low risk bond ETFs, which are better than cash ISAs... Aviva, Blackrock etc will be pushing them hard

@jameshipwell @MartinSLewis Where do you park your money?

@jasperinvests @MartinSLewis Ah yes, the magic 'ringfence' that always protects investors. See #MFGlobal #FTX #PFG #Madoff #LehmanBros #Quadriga #Etc

Today's Poll: Do you have money in investments (not counting in pensions) or in a stocks and shares Isa? ie investments not in savings accounts.

@jameshipwell @MartinSLewis Vanguard's creditors can't touch customer assets if they go bust. They have to be held separately from Vanguard's own assets to be FCA compliant FSCS is more for cash balance protection over funds. They're covered by segregation rules instead

@jasperinvests @MartinSLewis What happens when Vanguard goes down? Won't be anything in the FSCS to bail you out.

@bizzehdee @MartinSLewis Me too at the start. 2017-2020 I was buying 5 different funds Starting and tweaking is better than never starting. Good luck either way !

@jasperinvests @MartinSLewis I would be terrible at that too, i would continuously swap and change between funds, cant help myself

@robprogressive The UK's scared to invest. I get the idea (and agree with it), but without educating people, I'm not sure it'll happen People can't fathom a simple 7-10%/yr average over 20+ years will set them up, so they don't bother

This might shock you but I strongly agree with Rachel Reeves on this  While Labour are taxing people into oblivion, this proposal I actually support 

(With one caveat)  She’s proposing to reduce the tax free cash ISA allowance from £20k to £10k  And she says it is to encourage people to invest I think this is a great thing. People SHOULD be encouraged (& educated) to invest  
BUT, if she’s taking away £10k of cash ISA tax allowance, why can’t she ADD £10k onto the investing ISA

£10k cash ISA, £30k investing ISA
 This, Labour, is called an ‘incentive’. Rather than just take away, why don’t you give too?

@bizzehdee @MartinSLewis I'm a terrible individual investor, which is why I lower my risk and buy one fund that holds 3,700+ companies across the globe It literally swaps out the under-performers for up and coming ones, so I do nothing Approx 8% per year average over 30+ years is good with me!

@jasperinvests @MartinSLewis For me? that is the alternative yes, because I cant be trusted to be a good investor and just leave alone. Doesn't mean that's the same for everyone

Whats sad is a lot of the UK are scared to invest or take risks The US encourages entrepreneurship, investing, risk taking etc. They boost each other up The UK talks it down and says it's all a gamble How do we change that?

@peter160808 @MartinSLewis Individual companies or penny stocks? Yes A global index fund spread across 000's of companies across the globe? Not as much It's as much of a gamble as you make it

@MartinSLewis I think stocks and shares are gambling.