Adam Walkom is a former investment bank trader and management consultant. Adrian Johnson is a former finance director of hedge funds and consultant. Together they have formed Permanent Wealth Partners to work with London’s mid-career professionals on financial planning and advice. Building wealth and investing are both much more of an art form than a science and have much more to do with human and behavioural psychology than economics. Join Adam and Adrian as they go on this journey and interview fascinating guests who share their deeply-held insights and experiences from years of building wealth and investing professionally.
Adam Walkom – Author of Plan for Happy: A step-by-step guide to growing your money.
1:04:30Today’s edition features a special guest, someone very familiar to the podcast… Adam Walkom! Our usual host is sat in the other seat this week, as his colleague, friend and fellow partner at Permanent Wealth, Adrian Johnson, takes the reins. Adam is in the hot seat to discuss his new book, Plan for Happy: A step-by-step guide to growing your money. His aim with this book is to work directly with the reader and take them through the financial planning process – from understanding their financial history, to setting long-term goals and everything in between. Adam also provides specific actions the reader can take in terms of increasing saving, how to be tax-efficient in their investing and what investment strategy they can use. In this episode, Adam and Adrian discuss some of the main topics, themes and ambitions of the book, including:The emotional context of money;The importance of active decision-making vs letting things drift;A more balanced approach to saving in financial planning, including the benefits of having multiple savings pots for different short-term and long-term life goals;Adam’s approach to investing and his ambition to help his readers and clients understand the foundational elements of equity, long-term growth and volatility, and work this understanding into a financial plan;The age-old question: Is debt is a good or a bad thing? Make sure you stay tuned until the end to hear Adam give his 30-year-old former self 3 tips on what he should do with his money! To purchase your copy of Plan for Happy, follow this link: https://amzn.eu/d/6EJVtAq.
Ed Conway – Author of Material World
54:42Ed Conway – Author of Material World – on the 6 materials that we need to power the modern world. Today’s guest is Ed Conway – economics editor at Sky News – but also author of a fantastic book – Material World. Material World explores in detail the 6 basic materials that the modern world needs to overcome all it’s problems. From feeding 7+ billion people, to building semiconductors and solving climate change. To do all of that, we are going to need MORE of these materials and not less, as some of the extreme fringe of society hope for. Ed’s story is a rollicking ride from the depths of the deepest open-pit copper mine in the world, that can fit the Burj Khalifa, to blue-green lithium pools in Chile, the story is very well-researched and thoroughly entertaining. I hope you enjoy my conversation with Ed Conway.
Caspar Harvard-Walls of London’s Black Brick – Property Consultants & Buying Agents
29:11After reading Law at university, then some time in the hospitality industry Caspar was drawn to the Central London Residential Real Estate market. He kicked off his property career with Foxtons before moving from being a sales agent to being a buying agent with Black Brick. Our discussion covers:The role of a residential buying agent as a relatively new service;An update on the London residential market generally;How the fast and significant rise in interest rates in the last twelve months has impacted buyers and what tactics are being deployed;What the main considerations are for mid-career professionals; andA bit of outlook for the near term – not surprisingly, Caspar is a great advocate for living in London! To find out more about Black Brick https://www.black-brick.com/
Jared Dillian – Author and Investor
45:26In this episode I talk with Jared Dillian, author, investor and market newsletter writer of the Daily Dirtnap. He also is a regular contributor to Bloomberg, MSNBC, NY Times and LA times. I have followed Jared for years through his daily market newsletter and he has a unique insight into what moves markets. Jared has also just released his fourth book called “No Worries: How to live a stress-free financial life”. Pre-order is available on the link below. In this episode Jared and I discuss:How markets are driven by what goes on in people’s minds rather than hard facts;What you need to look for on Twitter to spot the potential turning points;What is more important to your personal financial situation – the occasional big decisions or regular little decisions; And finally we discuss current market conditions with interest rates, bonds, gold and everything else on the menu. You can pre-order Jared’s book here: http://buynoworries.com I hope you enjoy my conversation with Jared Dillian
When is inflation coming down with Oliver Rust at Truflation
47:38Today my special guest is Oliver Rust, Business Development at Truflation. If you haven’t heard of Truflation you’re in for a treat. Truflation effectively scrapes the internet for prices on a daily basis and comes up with their own version of what they think is happening in the REAL world in inflation and prices. And the difference between their view and the official CPI version of inflation is striking. In this investigation of past, present and future inflation, Oliver and I discuss:• What Truflation is and what the key problems are it is trying to solve.• The factors behind the UK’s continually high inflation rates.• The differences between UK and US expenditure and how these have affected the UK’s significantly higher inflation rates than the US.• The impact of technology, globalisation and population growth on inflation: these factors have kept inflation relatively under control since the 1980s, so why have they stopped now?• China’s energy production and consumption and its impact on global prices and inflation rates. Make you don’t miss the last 5 minutes where Oliver discusses the future of Truflation, including investigations of the core leading indicators of inflation and expansion into other European and global markets. He even hints at positive news about the future of UK inflation rates… If that’s not worth sticking around for I am not sure what is! If you are interested in finding out more about Truflation, click on the link below to explore the website: www.truflation.com
56:32Welcome back! Today my guest is Nick Colas, co-founder of the excellent DataTrek Research. DataTrek Research write a daily investment newsletter which I read religiously and I have found Nick and his co-founder Jessica to be two of the smartest people in markets who use data to understand both short-term market issues, but also give insight into long-term market trueisms. In this investing tour-de-force, Nick and I cover the following topics:What we historically need to have to fix the current inflation issue (hint: it rhymes with “Succession”)What really drives stock markets higher and the impact of different countries policiesChina – what is going on there at the moment and why is growth slow to come backAI – what will be the impact of this technology not only on society, but the auto industry and crypto specifically.And finally, we discuss volatility and how it become a very useful market timing tool – to buy, but not sell. And make sure you listen to the very end where Nick shares his most profound learning on investing throughout his entire career. And I promise you it’s worth it. If you are interested in subscribing to a free 2-weel trial to DataTrek Research, click on the link below DataTrek Research: Colas/Rabe Market Newsletter I hope you enjoy my conversation with Nick Colas. Adam
EIS investing with Kealan Doyle, CEO of Symvan Capital.
43:57Join Kealan and I for a fascinating conversation where we delve into the world of EIS and Venture investing. EIS is Enterprise Investment Scheme which is UK tax structure that allows tax relief for direct investment into smaller, growing UK companies. Kealan and I discuss• How, and why, EIS investing is different to VCT investing and how it has evolved over the years.• Their buying process, what they look for and what rules companies out for them;• What are the key lessons Symvan has learned from their failed investments;• What impact the Macro environment has on their target companies; And make sure you listen to the end where Kealan describes his key learning from investing in smaller companies. I hope you enjoy my conversation with Kealan Doyle of Symvan Capital.
Venture investing with Ian McLennan, Partner and Head of Ventures at Triple Point.
40:22Join Ian and I for a fascinating conversation where we delve into the world of venture investing and VCTs. Ian and I discussWhy Triple Point focus on seed-stage investing;The unique difference on UK venture investing vs the US;Their buying process, what they look for and what rules companies out for them;What impact the Macro environment has on their target companies; And make sure you listen to the end where Ian describes his key learning from investing in smaller companies. I hope you enjoy my conversation with Ian McLennan from Triple Point.
Current State of the UK Mortgage Market with Expert Elena Todorova.
43:28In this episode, I’m again speaking to my favorite mortgage expert Elena Todorova. Elena and I discuss the state of the UK mortgage and property market. We get into the details of:What mortgage deals are currently available;Which way rates are heading and what the mortgage providers want to see;The state of the UK property market. Which sector is strong and which sector is weak; And if you listen to the end you will hear Elena discuss the fastest-growing sector in the mortgage market – equity release. I hope you enjoy my conversation with Elena Todorova.
Longevity with Super Physio Simon Gilchrist.
48:01Today’s guest is Simon Gilchrist, Founder and clinical director of Mayfair Health, and a specialist in sports physiotherapy and longevity. We all age, so Simon really focuses on how we can age better. Simon and I consider the topic of life longevity, focusing on:Human’s ever-increasing human life expectancy;How to age more gracefully: humans are now living longer lives, but how can we have a better experience of our final 10-20 years;The issues caused by our increasingly comfortable existence;What we can do throughout our lives to ensure and enjoy life longevity;The biggest healthcare myths to watch out for; Make sure to listen till the very end to hear Simon’s top tips on healthcare hacks and recommendations for more advice on living a long, healthy life. I hope you enjoy my conversation with Simon Gilchrist.