“Once you've chosen that account, you can then transfer money into a stocks and shares ISA and preferably into a low-cost diversified fund”
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Said on Working Hard with Grace Beverley
Scott Galloway · BiggerPockets Real Estate Podcast · Scott Galloway: Stop Being an Earner, Start Being an Owner
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Advocates using low-cost index funds instead of picking individual stocks
“Once you've chosen that account, you can then transfer money into a stocks and shares ISA and preferably into a low-cost diversified fund”
“You really need to look at the weighted average total cost of your portfolio… if you can keep it around about 0.3% of a percent, I think that it would suggest… low-cost traditional indexing plus some factor-based indexing”
“Instead of trying to pick the right hedge fund… just own these portfolios and hold them, I would do well”
“Now imagine that this fund tracks something like an index. So something that has about 1% daily volatility. Now in this case, the break even return, the underlying stock is to be up, I think about 8.4% for the levered ETF and the underlier to have the same.”
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