If I Started Investing In 2024, This Is What I Would Do

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Published 2024-01-14
I will run you through every step I would take to start investing in 2024, from what I would buy, where I would buy it, and how.

Here is the link to the cheat sheet I have put together: financialinterest.com/index-fund-cheat-sheet/ Just add your email, and it will be sent to you. I will continue to update the glossary as time goes on. Please watch the Loom video on the overview page to see how to use it properly.

The brokers I use:

Trading 212
trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.

InvestEngine
investengine.pxf.io/eKR40z
Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine

Vanguard
www.vanguardinvestor.co.uk/
This is not an affiliate link

Other videos that will help:
USA vs Global:    • S&P500 vs Global Index - Don't get it...  
ISA's Explained:    • ISA Explained for Beginners: Everythi...  
Best ISA providers this year:    • Best Stocks & Shares ISA - It's time ...  

Timestamps:
00:00 - 2024
00:23 - The best performers
03:26 - Picking stocks
05:22 - What to buy
08:37 - How long for?
09:40 - The account
10:35 - Picking a platform
11:42 - Make you rich.
13:37 - Boring

DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.

DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.

All Comments (21)
  • @DamienTalksMoney
    10:20 the bar label should be £3k not 1.5. I use an editor on certain content and this slipped through the review process! Sorry. financialinterest.com/index-fund-cheat-sheet/ Here is the link to the cheat sheet I have put together. Just add your email, and it will be sent to you. I will continue to update the glossary as time goes on. Please watch the Loom video on the overview page to see how to use it properly. I have had issues sending emails to outlook/hotmail so if you do not get it please check spam or try another email.
  • @Baldwin321
    I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks this year. Hope to make millions in 2024.
  • @randyosborn7554
    I’m 53 I didn’t know anything about investing or that we are suppose to have an investment portfolio until I was 51 now I’m doing everything I can to make up time.
  • @alexandroff4888
    I'm DCAing in Blcktken300 as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
  • @itisdanmoore
    Getting back into investing recently, I've just read Psychology of Money and this video resonates so hard with the lessons in that book. Great video, concise, no bs, well edited, and informative. Easiest subscribe ever.
  • @aidankelly7135
    Took your advice on understanding all the jargon and haven't looked back. Thank you for making investing easier to understand.
  • @DylanChe19
    Genuinely the best video I have ever watched on money. Clear voice, tone, editing, camera, and information so easy to grasp that you actually learn stuff efficiently with advice.Thoroughly enjoyed.
  • @beckyluck3086
    Brilliant explanation that’s genuinely empowering. Thankyou.
  • @riceisnice7988
    Hey man, just wanted to say brilliant video. Not only you made it fun for me and my dad to watch but you made it so much easier to understand. Thank you and i wish everyone who watches your video great success and prosperity! :)
  • @NickHeinimann
    I rarely rarely comment on YT videos as I just watch and move on. I'm 30 years old and just started investing so I hopped on YT and typed in "learn investing" and your video popped up. With our attention spans getting shorter and shorter I was amazed at how captivating and easy to understand your video was. Your analogy about why investing in the magnificent 7 might not be the best thing for 10 years down the line same for the US S&P 500 was something I would have never thought about. At the end I thought to myself " What? 14 minutes is already up?" Could have binge watched this if it was a 3 episode 40 minute series! Amazing job on this video man! Subscribed and going to watch as much as I can
  • @youngmin5938
    Wasn't Alex Becker a private investor for Project VRITOKEN . It's been killing it lately. Do you think it's still got room to move.
  • @shaneproctor4021
    Finally somebody that can explain how it all works, in simple terms. This has been a great help. Thank you 😊
  • @salutatis
    Thanks for sharing Damien. I always enjoy watching your videos
  • @reikhard
    Nice!!! Clear and very well structured video!
  • @MargotCrest
    I adhere to these basic guidelines, and it has been a game changer for me. I diversify, use the dollar- or sterling-cost-averaging investing strategy, have my CFA rebalance my portfolio every three months, and primarily invest in an allocation fund that combines managed index funds and ETFs for the SP500. worked out the best for me, and last year, my portfolio increased by almost 145%, just reaching the seven figure threshold ever grateful to my FA Emily Lois Parker.
  • @michelmeijer4509
    Thanks Damien, for reinforcing the index fund strategy. Once in a while I need this to stick to the routine :)