Buy On The Dips


I’m sure you have heard this  before, that you should only invest your money in stocks and shares when the price is right.

The problem is no one fully explains exactly what that means.

So, let me explain in a little more detail about how this works in practice. And provided you follow the steps laid out in the money trainers training you will be aware that you need to secure any investments in cash first,  and then allocate this cash across a range of investments – when the time is right.

The problem being, when is the time right?

We know that the markets fluctuate on a daily basis and very often you’ll find the markets on a roll upwards over a period of weeks and then dip slightly, the market never continues to go up it always levels out,  consolidates and/or often falls slightly.

Falls in any market; of any share price of one or two percent are very common, falls of 3% or 4% on less common but do happen on a regular basis.

Buy on the dips – moneytrainers investment training.

Larger falls in the price of the market happen less frequently but nonetheless arrive with a reasonable amount of regularity.

Therefore it makes perfect sense for you to invest when the markets are lower than they were yesterday rather than the highs of today, quite simply we know full well, and can state with some certainty that the price in the market today of a given share or stock index will different tomorrow, or the day after, or stay the same.

Provided you have cash in your portfolio you have no need to invest today and you can time your investment to suit you, if we use a different analogy.

Let’s say you need to purchase oranges, you don’t need them immediately but it would be nice to have some in the house at some point in the future you can  – simply wait until the price of oranges falls.

You have no need to invest today or tomorrow or the next day but simply wait for the market dips and let the market come to you rather than you chasing the market. Provided you allocate your funds correctly you can simply invest when the market suits you, or at least when the price suits you.

This kind of market timing can improve your investment returns by 10 or 20% per year dependent on market conditions.

Just one simple method can improve your returns exponentially. Sure it’s a bit fiddly, but making money it’s always been fiddly.

when you’re ready to get some more information on this don’t forget to subscribe the box is on the right-hand side of this post, or drop me an email via the contact form


Happiness | Money | Freedom

Are we all just slaves?

I attended a meeting last week and observed the trains in a mess with delays and cancellations on route, got to the presentation  – small group training in a clients office, and couldn’t help but notice how miserable everybody looked. On the train, in the office everybody is seemed was a little pissed off.

Sure, I get it. With rent and mortgages to pay, a transport system at crisis and one of the warmest summers on record I understand that many people would be rattled.

The big thing for me, was this. How long have these people been tolerating this crap life? Certainly more than one I reckoned, and with many it could have been going on for years.  No wonder everybody seems stressed and anxious. Think is I get it. Not so long ago when I was working for ‘the bank’ I was in the same boat, with a very young family and one income – things were unusually tight.

It only needs an awkward manager and your life very quickly turns to hell on earth.

Happiness | Money | Freedom

Financial plans.

I think that up there in the heavens a god sits and smiles every time someone mentions a plan, a long term investment – something for the future.

As you know full well; the future is not certain and we don’t know if any of us going to get there, we assume but don’t know if we’ll arrive. This is important, sure we need to make a plan for it just in case we arrive at that time, but there is next week or next month to consider carefully – living a life now as if it’s the only time you and I have. Now is certainly the only time we are guaranteed.

Work hard, marry, buy a house, retire. This is what I was told when growing up in the sixties – it all seemed to solid with little else to be concerned about. The path it seemed was all laid out.

This no longer happens, we never saw the rise of capitalism, the damage to the environment or political systems creaking in the middle and cracking around the edges.  My grandparents would never have understood, apps, the internet, access to porn or online banking or the present situation in relation to jobs and housing.

All of use are we working harder than ever.

For me having moved through the last banking crisis and through two bouts of serious illness I realised that the financial plan I had in place was not fit for purpose.

The plan you’ll get sold by the local adviser or a bank sales person fails at almost every test.

  • They won’t make your money work hard for you.
    You won’t be able to have the mini retirements
    You won’t be in control of your own money


  • Financial advisers / financial product providers are acting in a disingenuous way. These are businesses that are they are solely to produce a profit and not to care about individual policyholders and all the bigger societal picture.

Sure, on the box they’ll tell you how important you are, and how they are better than all. Until, you’ve got the product and you phone with a query and find a ‘throw a six to start’ telephone system and then a foreign call centre…

Worse still after five years of investing you’ll have a review meeting with the adviser and they tell you that ‘they are really sorry, but the markets have just not performed as expected.’

That is the reality of modern financial planning.

As I keep saying if all you had to do was sit down in front of a financial adviser for a few hours a year in order to become financially independent we’d all be doing it and you’ll never be able to get an appointment to see one.

This question is important.

Let me ask you this who cares more about your money than you?

Which is why you should make sure you know all you can about what makes it work, what makes the difference between wealthy and poor – I assure you, the differences are few. Just a few principles keep people in the proverbial poor house.

Let’s consider carefully where we are now.

You buy a house –  tens of thousands of pounds tied up in equity.

Invest in a pension  – at least 30% of your fund does not benefit you because it goes in charges and your money tied up for forty years or more – and the breaking scandal is that Auto Enrolment providers are just milking consumers.

Investments – it’s exactly the same with them – returns are dire and they often lack flexibility.

The State is increasing taxes and reducing spending and this looks like it’s going to continue certainly for the foreseeable future.

And we now have all of the evidence to support another way forward – to make our money works for us rather than us working for it  – this is why the rich are rich they make their money work for them,

If you do nothing but invest it until you  retire which is what the industry wants you’ll be at least 70% dead before you get a chance to spend your money comma that doesn’t sound like a plan for financial independence full stop in actual fact it sounds a bit f****** mad.

Leverage money, make it work for you.

Take longer over financial decisions, there is no magic answer

Understand income producing investments these are the best to own.

Once income is paid to you it’s yours forever no one can ever take it away.

Understand why financial advisers and the industry hate peer to peer lending platforms and the related options.  Understand why they will not recommend exchange traded funds, or ETF’s as they are known. These products are not widely recommended, because the industry hates them, because they work, because they work for consumers, because the industry can’t get paid for recommending them unless it charges a fee, and of course we all know the story there.

We are  in a place now where we are modern money slaves, we’re all going to work every day trading  precious time for money and then giving that back via charges and fees to a handful of very well remunerated advisers and providers.

When you are ready for more, subscribe (on the right of this page)  and I’ll get you updates out and and when new content is posted.


The Great British Pension Swindle


British pensions are in trouble. Despite thirty years of change and Government fiddling the poor consumer still has no idea.

The financial advice industry is not working like it should.

Pension providers continue to milk consumers  like they are some never ending Milk Lake.

Lifestyles are changing quickly and modern investment methods now make pension planning look  – so last century. It’s time to modernise, to end the rip off and take control of your money – you’ll thank me for it.

When you’re ready to get a grip on this. Get in touch

The Great British Pension Rip Off

Pension Charges – Don’t Be Fooled –

There is an entire industry that is no longer fit for purpose. It’s the financial advice industry. Individuals and employees are being ripped off – like pigs feeding at the trough  – all fighting to get a share of the feast.

In order to explain further I’ve done some charge comparisons just so you know some truths. Importantly, it’s not only charges that have a major impact, there are a couple of other simple issues that that advice/pension industry seems to miss. More on that in separate article.

Meanwhile, in order for you to understand how much you pay in charges

I’ve done a quick comparison – just so you can see the true cost of your pension charges, you’ll note that managing pensions is not like managing property or animals – it’s a lot less labour intensive and a lot more profitable.

Money for nothing, or at least very close. It’s certainly one of the last ‘no risk businesses’ left on the planet.

UK Average Pension Fund with charges of 1.5% per year Charges £87.50 per month.

For that you could lease a Toyota Aygo over four years 10,000 miles per year.

Average Pension Freedom – drawing on pension. Based on 1.5% charges (be lucky to find that in the market place, most will be higher). Charges of £1560 per year or £130pm.

For that you could least a mid range Ford Focus on the same 10,000 miles per year.

There are also a good number of ‘half a million’ pension pots in existence. Charges on these start to become really substantial. Like the same as monthly rent on a flat in large chunks of the country. Charges on a pot this size on the same 1.5% of fund will run into £7500 per year or £650 per month.

Car wise it’s now getting interesting with a Range Rover Evoque convertible available.

Lucky enough to have a mill’ in your pension fund and the whole charges thing starts to look like your most expensive monthly bill. £1,000,000.00 pension fund, charged at 1.5% per year means you’ll be paying some £15,000 in charges alone, that means £1250 per month.

In terms of the car you could lease for that you are up in supercar league with a Porsche 911 Targa coming in at about £1250 per month.

You should be amazed and a little shocked by that, it takes no more effort or work on behalf of the provider/adviser to manage a fund of £1 or a £1,000,000.00 yet charges are 8333 times more. You couldn’t make that up.

No wonder the industry is keen to get you to invest.

Let me put some more perspective on this charge issue. The highest council tax in the UK is set via Elmbridge Council at £3128 for 2018/19 on a Band G home, there are a surprising number of people who gripe about this – but not about the costs of their pensions.

When you are ready to consider your own pension charges in detail and at a fixed cost or just want some truth around business or personal finances, you may want to get in touch.  – consultancy – education

Car Leasing costs supplied by on 11th June 2018

Financial Independence – Making your money work hard.


March 2018 Money Trainers – what is it you have to do in order to become wealthy?


Try sitting down in front of a financial advisor let them make a plan for you and sit back and wait for the riches to arrive.  If that was how it worked, we’d all will be doing it.


Of course that’s not the case, that is now how it works.  There is no way that a simple meeting or many meetings with any financial advisor can either make you wealthy.  


Sure they may add some value over the longer term but the reality is you need to be better at money than the adviser. Look, who cares  more about your money them or you.


There is a whole science that goes on around money and it’s a science that most financial advisors just don’t understand.  See if you know how to make money based on your own knowledge, your own skills – your own ability it’s possible for you to effectively own a  money making machine that you switch on and off whenever you want. Or as the wealthy do, keep it running.


Of course it’s not that easy, if it was we’d all be doing it but with a few skills and the use of modern tools it’s possible for you to get your money working for you today and tomorrow and the day after. That’s what rich people do, in order to become wealthy or as I like to say financially independent they get their money working for them and then it starts to become a fully working,  money machine.


People become wealthy because no matter what they do with their lives – their  money is working for them in the background. What happens with most people is they trade their time for money – you give your time up to a business or do to a job in order to get money. You then take some surplus cash – savings and then put it in a bank or a building society.


Your money then works hard for the bank and does little for you.


If you want to know how hard it’s working for them, take a look at these recent rates.

Deposit interest rates of .15%

Loan rate – lending your money to their customers.

In this short article, you now now know that Santander are making more than 22 x times more lending your money, than they are paying you.  Let me know how that feels.

Of course, you can do something about it.  Get in touch today and I’ll send you a couple of my recent reports. No obligation, your information is not shared.

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Why the rich are rich?




You will need to do things differently – if you want a different result from your money!

Over the last couple of years I’ve looked at exactly what it is that makes the difference between
those that are incredibly wealthy and those just getting by, the J-A-M’s as Theresa May called them.

Whilst there are considerable differences in the overall wealth the are some fundamental differences between their approaches to money. I’ve been studying these for a number of years and the conclusions I’ve arrived at are interesting. There is no right or wrong answer in this short article but it does seem to concur with a lot of the research that’s already out ‘there’.

When talking to and commenting on those very wealthy people I’ve had contact with I have only included those that are self made, ignoring those lucky enough to have inherited wealth.

Mindset, money and the medium term future.

Two aspects of modern life will change a lot in the coming years, one is the death of the high street as we know it and the second part is technology. These changes will be profound, yet with some effort and a little knowledge it should be possible for everyone to have a share in the future, to have a seat at the big table, where the party’s at.

No matter how far back in time you want to look, you’ll note that the system of capitalism favours those with the available money and those that can move fast – in 2018 everything is moving faster, which is why there are so many millionaires and billionaires. I suspect that the pace of change will be even faster in the coming years.

The changes have always made the rich richer and the poor, poorer. The evidence for this is all round us and I don’t for one minute think it’s going to get better without a nudge. I do accept that there is enough money to go round, enough for everyone.

But I don’t believe that it should be taken from the rich and given to the poor – that does nothing for them long term, except make them dependent.

It’s all about the process.

Wealthy individuals broadly accept that becoming wealthy is a process that can be learned by anyone, whereas poor people make the assumption that the rich have a secret that no one else knows.

Understanding that a pound spent never comes back. Wealthy people spend their money more slowly than the poor, they don’t buy stuff unless it’s really needed and then they often look for value.

Either way they take a longer time to  buy. No money is ever spent on impulse and they always shop with a list and never ever buy things that aren’t already on their radar as something that’s needed.

Making your money work hard.

By understanding about money and how it really works it’s possible to make it deliver for you. Most of us that work for money (sell our valuable time) end up having to wait until we are half dead (retired) before we can slow down or start to enjoy our hard earned cash. Yet, there is a class of people (let’s call them the rich) that seem to enjoy their investments, or at least the returns on their investments well before being half dead.

They do this by investing on smarter basis than the poor, obviously. The rich, use models of ‘asset allocation’ or spreading their risk and invest for income not capital growth – they also take a lot less risk with their money.

The poorest amongst us tend to think that ‘they’ll be lucky’ so speculate more on lottery tickets and other forms of gambling. Whereas the wealthier tend to avoid this kind of investment as being far to risky.

No matter how much money you have/don’t have you should never take a risk with all of your money. That’s the  quickest way to the poorhouse.

Spending less than you earn – therefore making sure that you don’t need to borrow.

No matter how little you borrow – you are mortgaging your future income. Cash that you are trading your life for is being soaked up by a third party – the lender. If you are borrowing to purchase something that goes up in value – like a house or precious stones it makes sense to borrow.

However borrowing to fund day to day spending or to buy stuff is a guaranteed way to future unhappiness.

Having a focus on a money education will help

What you don’t know, you don’t know.

By design we are not able to manage money, it’s not something we are born with. You will need to get  educated about money if you are to make it work for you. Your parents probably don’t know how it works.

The better educated you are about money, the more you’ll understand it; the more you’ll make it work for you.

By following these basic steps it seems that whatever happens in the short to medium term your financial independence is  assured at some point in your lifetime. It really is.

Understand, that having a steady income from assets allows freedom from work. Even if it’s only a small amount.  You’ll get time freedom to use as you want, could go be used to deliver a better political system, to allow time to clean up the environment.

It’s obvious that the current system is not working, not delivering for all. And with the rich in charge of the systems – and they are in charge we will only get more of what got us here.

For more helpful insights in this area of your life, get in touch, the more you know
the more you’ll make.

Richard – Chief MoneyTrainer aka The Pitbull of Personal Finance.

If I won the lottery tonight

How many times have you sat down and considered what would you do if you won the Lottery, what would you buy, what would you do?

It’s something that many people do, fantasise about all of the things they’d buy. Could be new cars, houses, fishing lakes or equestrian centres. Each one of us would have a different approach to how we’d use the windfall. For me, it would never happen. Just don’t do any lottery or game of chance – that’s not me making a moral judgement, just saying that I don’t.

The fantasy is interesting. Simply putting your faith in a machine that churns balls in the hope that it may randomly throw up a selection that matches yours – not something  I’d want to put hope in.

That said. If you were to win a couple of million or even half of that amount. What you would you do – it’s gotta be worth thinking about, surely. At least to give something to focus on for the coming days and weeks, something to talk about in the pub on a Friday lunchtime.

We all want things and all of these things take money, money we can’t always imagine having, but if we did – boy would it all be so good.

When I bring this subject up in workshops and seminars I’m always told that I’d need at least a couple of million, maybe even more in some instances. However the reality is things are no as expensive as we think nor are they that un-achievable.

A new Ferrari somewhere in the region of £200k, a lake in France – around £100k dependent on the area, certainly a lot less in some areas. A full blown Equestrian centre in the UK Midlands from about £2m but the comes with over a hundred acres and a really big house.

Thing is this – these things cost a lot less than you think and it’s possible to make your money grow quicker than you think. Of course if you planning to put money into things like pensions you’ll end up having to wait a lot longer and make your money work a lot harder if you are to eventually buy that lake.

If you take a modest amount of money (£2,000) invest that over a longer term and get a reasonable (5%) return on your investment, in twenty years time you’ll probably have enough invested to buy the lake. If you invested the same amount of money and topped it up by £200 per month you’d be close to the Ferrari.

If you put the same money into a small business, or invested it differently you’d end up with the Ferrari and or a lake a lot quicker. Some of you will end up with the equestrian centre. What I can guarantee is this, you’ll be a lot better off than when you started.

Money is not complicated once you know how.

Drop your email address into the box below for some more updates and my course, or pop over to follow me on Twitter @moneytrainers. You’ll be pleased you did – I am probably the only one telling the truth about money: making it, investing it and paying less tax on it.

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Guy Opperman – DWP Minister – talks B.S in 2018

Guy Opperman a DWP Minister was interviewed this week outlining his views on pension and the pensions sector. More information about what he said is on the link below.

“The government and the pension sector need to work in partnership” to enable savers to take control of their future, pensions and financial inclusion minister Guy Opperman has said.”

I have a number of concerns about Guy’s words it may help if I provide some  context on his words.

This article is available as a PDF Download – Guy Opperman Talks Rubbish About Pensions

Pension Providers are Incredibly Profitable.

Guy as called for a partnership that allows for individuals to take control of their future.

Interesting words. We’ve had personal pensions available for over thirty years and these have changed much during that time.

Problem for the consumer is that these pensions are incredibly high charging and benefit the providers more than the consumer. I’d go as far to say that these providers are working in a no risk, subsidised business and are incredibly profitable because of it.

Let’s look at several of the UK’s largest providers.  Income for these providers is derived mainly from the pension funds under management, if not today then historically.

Much of these profits will be drawn from pension funds managed by them and with historically high charges inside plans that these major providers refuse to reduce; and that Governments have promised to deal with but have not.

Let us look at some figures.

  • Aviva  profits £2.254b for the last year reported
  • Pheonix profits for the last year reported £52m
  • Legal and General profits for the last year reported £2.065b
  • Standard Life profits for the last year reported £808m

The problem is that various  Labour and Conservative Governments have continued to treat these pension providers very favourably.

Lately with Pension Freedoms being introduced – therefore creating more products to sell and helping the industry via mandatory advice on some pension transfers and mandatory pension contributions for employees and employers with no real reduction in charges under Auto Enrolment.

The problem with pension charges is that they serve the provider very well and are to the detriment the consumer of pension products, in fact the legislation of offers a guaranteed income stream for the providers for the lifetime of the pension owner.

There is a considerable amount of dishonesty in relation to these charges is becoming apparent due to the changes in EU legislation  – MFID II

No doubt all of the ministers within the Department of Work and Pensions would like every person living in the UK to be making the maximum amount of pension contributions there are a number of problems.

Government keeps changing the rules around pensions causing uncertainty.
Pensions are a one sided contract that provide a massive guaranteed income for the provider whilst offering no guarantee to the consumer.

The provider gets access to a fully charged fund for a long period of time and that money does little to benefit the larger economy.

Pension investment returns on average have been consistently poor on average
Adviser charges add further costs to pension planning taxation on spending has been increasing in recent years along with a squeeze on income directly because of Government policy.

The truth about pension taxation  – they are tax deferred and not tax free.  The Government offers some help in the form of it’s loan of tax relief  and when the pension is finally drawn down and becomes taxable the Government gets back it’s tax relief and hopefully a return on its investment.

One Sided

With pensions it is close to a no lose position for the Government with the offer of tax relief and for the pension providers with their G U A R A N T E E D long term income both whilst the pension is growing and then when benefits are drawn.

The poor pension owner pays all of the charges and bears all of the risk.

Being a pension provider is one of the few no risk businesses available in the UK.

Other investment options are never outlined, like the use of ISA”s  or making sure that the Capital Gains tax allowances are utilised and that debt is repaid, all of these make more sense for the average consumer before making pension contributions.

Guy has deliberately made this speech to call for the industry to benefit even more than it already does yet the Government does nothing to cap fees, nor does it use it’s own organisations to help consumers (the FCA the financial regulator, the Pensions Regulator or the Money Advice service). The merging of these organisations will do nothing to help the poor old consumer because they have sole focus on telling them about the industry and not the truth about money.

Go over to the Money Advice Service and search for Pension Charges. Lots of information but nothing specifically telling you how much you are likely to pay despite having had a number of years to put this information online. There is no section of the Money Advice website that will tell you to expect at least thirty percent of your fund to go in charges during the lifetime of your pension which is close to the truth.

Nor does it tell you that the final pension will not be guaranteed in any way, shape of form. But you’ll still pay the same in charges.

There is also the issue of  Banning Commission –  which the Money Advice Service also mentions. This commission plays a big part in the level or charges to your pension. Now, the Government thinks it’s banned commission, yet a fee paid by the provider to the adviser which is taken from the fund of the advised is now called a fee.

Let me remind the Minister.


a sum or percentage of what has been paid that is allowed to agents, sales representatives, etc., for their services:


a charge or payment for professional services:

It can’t be both.

It’s wrong for a DWP Minister, and elected official to be this biased in any interview. It is also wrong to tell consumers that the Pensions are the one method to plan for retirement, when there are many that need to be considered.

Richard Smith –