Here’s my key takeaways from the podcast:
Compound costs:
If you invest £10,000 over a 50 year period with an average of 7% compound annual growth. You will end up with £300,000 however nearly £100,000 will be taken away due to compound costs.
People often have the wrong perception of risk for investing:
People often think of the short term, such as there might be a recession next month, or next year. However investing is over a long term period. Look at your returns in 15 years and you’ll be happy.
It’s very hard or lucky to out perform an index fund over the longer term:
There’s a slim chance that you’ll invest in the 4 unicorns that get crazy returns over a 15 year period.
