A short excerpt from a YouTube video by Ndubuisi 'Andy' Egwim about automated investing and passive strategies. The speaker advises using systematic automation (e.g., monthly transfers that buy diversified index funds or SIPs) to save and invest while managing debt and savings, mentions a four-week investment deep dive program that covers automation, and contrasts passive automation with occasional active/value investing.
Chapters
That's the investing account. And if you've masked your 20k, you can make it your sip or do additional NHS pension salary. So basically you have a method, you have an approach that means that you can crush your debt at the same time, save up money. I'm not saying you have any debt, but obviously this is the layers. Save up money and then invest in a systematic way. It's even better if you're a passive investor, like you're just buying Broadwell diversified index funds, so you're not doing any fancy thing. That means you can also set up the automation, which is one of the things we do in the four weeks investment deep dive. But you can set up the automation that the money goes out from it automatically every month and buys whatever you want. So that means you're investing on demand, you're investing automatically and it's running in the background like software. You don't have to even think about it. I know a lot of dockers in the mastermind community that have done this and people that are not even in the mastermind, obviously myself, because I'm a value investor, I buy back gains, so sometimes I'm looking for, oh, is the market down, I'm going to buy and all that kind of stuff.
