Dan Malone

You know, the name of the game is starting early, but you need to be able to increase or scale the size of your investments over time.

The optimal outcome, you should be investing a couple of hundred quid a month.

come out and say it because every time I ask that there's always this like rishy-washy answer about whether you've got them it does because you don't want to see the other side of it is that like you don't want to put people off you don't want to make people feel like oh this isn't for them like this is for everyone I fundamentally believe over the provided it's a long term thing

Like, you know, if you're asking me, would a small amount of money be better in a current account for 10 or 15 years or would it be better in an ETF, an index fund ETF?

I'd rather you have it in an ETF.

You know what I mean?

If it's going to sit there for 10 years anyway.

So if that's the conversation we're having, then the investing way is always going to provide you with at least some level of protection against inflation.

The bank account never will.

But if we're talking about really like making an impact on your...

financial wellbeing, you do need to be kind of scaling to that like couple of hundred a month over time.

And you don't have to start there.

Obviously this is a level of comfort, but like Warren Buffett said before, the whole purpose of investing is that we're sacrificing a small amount of consumption today for hopefully greater consumption in the future.

And then the definition of risk then is not achieving that.

So I think like every little helps, no matter how small it might seem.

And hopefully even if you start off small,

By virtue of you getting comfortable with the process of just getting used to like markets going up and down and prices moving or just getting used to the feel of the app and just giving it time, then maybe as time goes on, you might say, actually, I'm ready to put in a couple hundred quid a month then.

Yeah, so that's the conversation of whether you euro cost average or lump sum invest.

Euro cost averaging is effectively where, like, let's say, you know, you had 1,000 quid to invest today.

You've two options, really.