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Many Happy Returns
PensionCraft
Investing is the best way to build wealth, but comes with risk and uncertainty. Want to grow a portfolio of stocks, bonds, ETFs and more? This is the show to boost your knowledge and build your confidence. Join us on the journey through bull markets, bubbles and crashes. Bring snacks and a steady hand; we're in it for…
230 episodes tracked Similar shows

Senior Management: Who Looks After Your Money When You Can't?
Many Happy Returns · 39m

Beta Noire: Unsolved Mysteries of the Market
Many Happy Returns · 38m

Gilt Complex: Is Britain in Hock to the Bond Market?
Many Happy Returns · 39m

The Declaration of Outperformance: Is America Still Exceptional?
Many Happy Returns · 45m

Portfolio Positions: Your Starting XI of Asset Classes
Many Happy Returns · 40m

Your Career is a High-Yield Bond (And It’s Probably Junk)
Many Happy Returns · 35m

Sequence and Sensibility: Is Now a Good Time to Retire?
Many Happy Returns · 42m

How the AI Investment Boom Ends, with Tom Stevenson
Many Happy Returns · 35m

Paws and Reflect: The Surprising Science of Who Wins at Investing
Many Happy Returns · 47m

Reserve Judgment: How To Run a Central Bank
Many Happy Returns · 44m

Space Oddity: Is the Biggest IPO in History a Problem for Index Funds?
Many Happy Returns · 40m

Rising Yields: Gilty Until Proven Innocent?
Many Happy Returns · 35m

Britain's Slow-Motion House Price Crash
Many Happy Returns · 33m

Making Sense of a Weird Market: Record Highs, Sticky Inflation, and Silent Alarms
Many Happy Returns · 34m

Do Your Own Research: What Real Investment Research Actually Looks Like
Many Happy Returns · 46m

Statistical Sleight of Hand: How Good Numbers Hide Bad Investments
Many Happy Returns · 39m

Shopping the Drop: Is Anything Actually Cheap?
Many Happy Returns · 36m

Your Portfolio Wasn't Built for This
Many Happy Returns · 45m

The War of Unintended Consequences: Oil, Inflation, and Interest Rates
Many Happy Returns · 45m

Damien Talks Money: What Investors Click vs. What They Need
Many Happy Returns · 51m

Capital Preservation: The Art of Not Losing Money, with Jasmine Yeo from Ruffer
Many Happy Returns · 48m

The Tariffs Are Dead. Long Live the Tariffs.
Many Happy Returns · 29m

Crypto Winter 2.0: Be Careful What You Wish For?
Many Happy Returns · 41m

Kiss Your SaaS Goodbye: The AI Threat to Software Stocks
Many Happy Returns · 48m

Gold & Silver Crash: Is Bullion’s Bull Run Over?
Many Happy Returns · 43m

Vanguard Goes Global: Is Home Bias a Mistake?
Many Happy Returns · 38m

Does Europe Have the Financial Firepower to Stand Up to Trump?
Many Happy Returns · 40m

Investing in Crazy Times: Should You Carry on as Normal?
Many Happy Returns · 38m

Investing vs. Gambling: How to Tell the Difference
Many Happy Returns · 42m

2026 Watchlist: Trends That Could Shape the Year Ahead
Many Happy Returns · 46m

10 Investing Facts That Can't be True (But Are)
Many Happy Returns · 32m

The Naughty List: Assets That Misbehaved in 2025
Many Happy Returns · 48m

The 2025 Stress Test: The Banks Are Safe... Are You?
Many Happy Returns · 37m

Devil in the Details: Is the Budget Worse Than Imagined for Investors?
Many Happy Returns · 39m

The Physics of Financial Markets
Many Happy Returns · 39m

How to Pick Your Perfect Portfolio, with Tyler from Portfolio Charts
Many Happy Returns · 54m

FIRE Drill: Is Financial Independence Still Possible?
Many Happy Returns · 52m

So You’ve Decided to Time the Market…
Many Happy Returns · 45m

Beyond the Gloom: The UK's Hidden Stock Winners, with Ed Croft
Many Happy Returns · 40m

The Debasement Trade: Faith, Fear, and the Fall of Fiat?
Many Happy Returns · 39m

Closed-Circuit Capitalism: Inside AI’s Trillion-Dollar Money Loop
Many Happy Returns · 45m

The Unbalanced Sheet: What Is Your Net Worth, Really?
Many Happy Returns · 46m

What I’ve Learned: Keeping Your Portfolio (and Yourself) on Track
Many Happy Returns · 43m

Cash on the Sidelines: Are Brits Scared to Invest?
Many Happy Returns · 36m

Gold is a Terrible Investment (And Why You Should Own It)
Many Happy Returns · 40m

Stick or Twist: Should You Second Guess the Autumn Budget?
Many Happy Returns · 42m

Stocks vs. Bonds: Who Wins the Next Decade?
Many Happy Returns · 39m

The Visible Hand: Is America Abandoning Free-Market Capitalism?
Many Happy Returns · 43m

FCA Lifts the Ban: UK Investors Can Buy Crypto ETNs—But Should You?
Many Happy Returns · 42m

Has Trump Won the Trade War?
Many Happy Returns · 42m

Can We Still Trust the Economic Data?
Many Happy Returns · 40m

The Everything Bubble: What Could Possibly Go Wrong?
Many Happy Returns · 39m

The Unicorn Farm: Betting on AI Startups
Many Happy Returns · 47m

Why Can't I Retire Early?!
Many Happy Returns · 43m

Is the UK Stock Market Dying?
Many Happy Returns · 40m

Neural Net Worth: What If AI Isn’t a Bubble?
Many Happy Returns · 57m

Fragile Ceasefire: Are Markets Complacent?
Many Happy Returns · 25m

Crash Course: The Scariest Days in Stock Market History
Many Happy Returns · 46m

Outsmarting the Index: Strategies That (Sometimes) Work for Active Funds
Many Happy Returns · 45m

Section 899: America’s Revenge Tax on International Investors
Many Happy Returns · 35m

ISAs Under Review: Will Cash Savings Get Capped?
Many Happy Returns · 43m

Know Thyself: How Risk-Tolerant Are You Really?
Many Happy Returns · 37m

When the Free Lunch Bites Back: Navigating Changing Asset Correlations
Many Happy Returns · 44m

Buffett Bows Out: Can Berkshire Thrive Without Him?
Many Happy Returns · 38m

100 Days Down: Making Sense of Trump's Market Shockwaves, with Katie Martin
Many Happy Returns · 45m

What to Buy in Your ISA In 2025: Is This Year Different?
Many Happy Returns · 45m

Stars and Strife: Is This the End of American Exceptionalism?
Many Happy Returns · 41m

The Orange Swan: Surviving the $10 Trillion Selloff
Many Happy Returns · 40m

The Trillion Pound Question: Is Government Debt Out of Control?
Many Happy Returns · 47m

Quid’s In: How Much Can You Invest Tax-Free?
Many Happy Returns · 36m

The Hidden Bull Market: The Stocks Defying the Gloom
Many Happy Returns · 40m

New World Disorder: Investing Amid the Chaos
Many Happy Returns · 46m

The Road to Wealth: 10 Financial Milestones Worth Celebrating
Many Happy Returns · 38m

Whale Watching: What If the Biggest Investors Dump Their Holdings?
Many Happy Returns · 44m

Wall Street Wisdom: The Truth Behind Investing Clichés
Many Happy Returns · 39m

Are Your Investments Secretly Leveraged?
Many Happy Returns · 41m

Trade War Truce: Crisis Averted or Just Delayed?
Many Happy Returns · 42m

Trump, Tariffs and AI: The Stories Shaping Markets in 2025
Many Happy Returns · 43m

Meltdown: Scandal, Sleaze and the Collapse of Credit Suisse, with Duncan Mavin
Many Happy Returns · 44m

Soaring Gilt Yields and Strained Public Finances, with Simon French
Many Happy Returns · 45m

Red Flags: China’s Economic Troubles, with George Magnus
Many Happy Returns · 42m

Jingle Bulls, Jingle Bears: Are Investors Overconfident Heading into 2025?
Many Happy Returns · 42m

Emerging Markets: Risky Bet or the Next Big Bargain?
Many Happy Returns · 42m

Kaput: The End of the German Miracle, with Wolfgang Münchau
Many Happy Returns · 52m

Stoic Investing: Are We Worrying About the Wrong Things?
Many Happy Returns · 37m

Trump 2.0: Political Risk and Complacent Markets, with Economist Larry Hatheway
Many Happy Returns · 46m

Maxed Out Markets: Investing When Everything Is Expensive
Many Happy Returns · 40m

Gilt Yields and Ghosts of Budgets Past: Who's Afraid of Bond Vigilantes?
Many Happy Returns · 39m

Chance, Risk, and the Art of Uncertainty, with Sir David Spiegelhalter
Many Happy Returns · 47m

Election Economics: Will A Trump Win Upend Markets?
Many Happy Returns · 43m

Time vs Money: How the Clock Transforms Your Investments
Many Happy Returns · 40m

Bracing for the Budget: Tax Rises, Black Holes & Growth, with Paul Johnson from the IFS
Many Happy Returns · 48m

Beijing’s Big Gamble: Stock Markets Soar On China's Stimulus
Many Happy Returns · 41m

Productivity Crisis: Is Europe A Basket Case?
Many Happy Returns · 41m

Smart Ways to Stash Your Cash: Banks, Bonds & Money Market Funds
Many Happy Returns · 39m

Confronting Uncertainty: Building a Financial Plan in an Uncertain World
Many Happy Returns · 41m

Mean Reversion in Markets: What Goes Up Must Come Down?
Many Happy Returns · 38m

Boom and Bust: Ranking the Biggest Bubbles in History
Many Happy Returns · 49m

The Default Pension Trap: What to Consider BEFORE You Switch Pension
Many Happy Returns · 39m

Volatility Trading: Making Money from Market Swings
Many Happy Returns · 43m

Market Mayhem: Flash Crash or Full Blown Crisis?
Many Happy Returns · 40m

Metal of the Future: Has Copper Come A Cropper?
Many Happy Returns · 33m

Don't Get Burned: Avoid Single Points of Failure in Your Finances
Many Happy Returns · 35m

David vs Goliath: Small-Cap Stocks Finally Surge
Many Happy Returns · 38m

UK House Prices: Is the Slump Over?
Many Happy Returns · 33m

Home Country Bias: Should You Overweight Domestic Stocks?
Many Happy Returns · 39m

Mid-Year Market Update: Are Things As Good As They Seem?
Many Happy Returns · 39m

Will A Labour Government Be Good For Investors?
Many Happy Returns · 43m

Interest Rate Cuts: Coming to a Central Bank Near You?
Many Happy Returns · 32m

Trade Wars: How Will Tariffs on China Impact Your Investments?
Many Happy Returns · 39m

Building a Multi-Factor Stock Portfolio, with Ed Croft
Many Happy Returns · 49m

Bond Battle: Individual Bonds or Bond Funds?
Many Happy Returns · 44m

Building a Bulletproof Retirement Portfolio, with Tyler from Portfolio Charts
Many Happy Returns · 1h 00m

Earnings Season: Can US Stocks Deliver the Goods?
Many Happy Returns · 34m

Payout Puzzle: Does Dividend Investing Make Sense?
Many Happy Returns · 39m

Should you de-risk your portfolio before retirement?
Many Happy Returns · 40m

Is The Bank of England Broken?
Many Happy Returns · 39m

How To Invest a Lump Sum in 2024
Many Happy Returns · 37m

Are Investors Rational? Lessons From the Late Daniel Kahneman
Many Happy Returns · 41m

Bad Apple: The Trustbusters Target Big Tech
Many Happy Returns · 41m

Bubble Trouble: Are Investors Right to be Worried?
Many Happy Returns · 41m

Sustainable Investing: The End of ESG?
Many Happy Returns · 32m

9 Things to Do Before the End of the Tax Year
Many Happy Returns · 35m

The Rise and Rise of Nvidia: AI Breakthrough or Bubble?
Many Happy Returns · 37m

UK Recession: Investing During an Economic Downturn
Many Happy Returns · 40m

Schrödinger's Flat: How Big a Problem is Commercial Real Estate?
Many Happy Returns · 34m

Are UK Stocks Really a Bargain?
Many Happy Returns · 39m

The Best Free Investing Tools
Many Happy Returns · 42m

Weird Portfolios and Wonderful Companies, with Value Stock Geek
Many Happy Returns · 50m

10 Things They Don't Tell You About Stocks
Many Happy Returns · 39m

What I learned from talking to 1,000 people about their investments
Many Happy Returns · 40m

Demographic Shifts: Will Population Ageing Derail Stock Returns?
Many Happy Returns · 43m

Soft Landings Are Hard: How Has the US Economy Achieved the Impossible?
Many Happy Returns · 38m

Merry Market Quizmas: Can You Outsmart Ramin?
Many Happy Returns · 30m

Charlie Munger's Wisdom: Profit, Polemics and Peanut Brittle
Many Happy Returns · 32m

The Most Important Number in Investing
Many Happy Returns · 39m

How to Fight Investing FOMO
Many Happy Returns · 39m

Treasury Doom Loop: The World's Most Dangerous Trade?
Many Happy Returns · 29m

Passive Power: Do Index Funds Hurt the Economy?
Many Happy Returns · 34m

The Magnificent Seven: What if Big Tech Starts to Shrink?
Many Happy Returns · 45m

Are UK Investment Trusts A Bargain?
Many Happy Returns · 37m

Is Buy-to-Let Investing Dead?
Many Happy Returns · 30m

Are Government Bonds Really Risk-Free?
Many Happy Returns · 42m

The King of Passive Investing: No Longer at the Vanguard?
Many Happy Returns · 33m

Small caps are cheap. Why do they keep getting cheaper!?
Many Happy Returns · 33m

Has the Bank of England Bottled It?
Many Happy Returns · 33m

Macro Mysteries: The Shocking Revision to UK GDP
Many Happy Returns · 35m

Advice to My Younger Self: What I Wish I'd Known About Investing
Many Happy Returns · 36m

BRICS: Bigger Is Better?
Many Happy Returns · 35m

Tales from the Trading Floor: The Truth About Investment Banks
Many Happy Returns · 42m

Is Value Investing Dead?
Many Happy Returns · 42m

The Upside of Down Earnings: Plummeting Profits and Soaring Stocks
Many Happy Returns · 37m

Is the China Growth Story Over?
Many Happy Returns · 42m

Structured Products: An Expensive Free Lunch?
Many Happy Returns · 37m

How To Stress Test Your Portfolio
Many Happy Returns · 51m

Politics vs Economics: What Politicians Misunderstand About Markets
Many Happy Returns · 40m

How To Live Off Your Investments In Retirement
Many Happy Returns · 39m

Mid-Year Market Review: Time To Get Off The Bull?
Many Happy Returns · 40m

How High Will Interest Rates Go?
Many Happy Returns · 45m

The War on Crypto
Many Happy Returns · 40m

Markets Are Quiet. Too Quiet.
Many Happy Returns · 37m

How Late Is Too Late To Get Started Investing?
Many Happy Returns · 40m

Japanese Stocks Surge: Is It Time To Buy?
Many Happy Returns · 34m

What Will Cause The Next Market Crash?
Many Happy Returns · 43m

Stock Market Rally: Fundamentals vs FOMO
Many Happy Returns · 35m

Has inflation finally peaked?
Many Happy Returns · 43m

Active Stock Picking Is Getting Harder
Many Happy Returns · 39m

Rain or Shine: Building an All Weather Portfolio
Many Happy Returns · 47m

Stunted Growth: Scottish Mortgage vs ARK
Many Happy Returns · 37m

Contagion: Chain Reactions and the CoCo Powder Keg
Many Happy Returns · 38m

Silicon Valley Bank collapse: The Fallout and the Bailout
Many Happy Returns · 48m

Dry Powder: Where to Park Your Cash
Many Happy Returns · 46m

Raging Bullion: Is Gold a Good Investment?
Many Happy Returns · 41m

Seven Ways to Slice the Stock Market
Many Happy Returns · 47m

Love Contractually: How to Invest as a Couple
Many Happy Returns · 35m

How to Make Better Investing Decisions
Many Happy Returns · 35m

Broken Records: Why are music catalogues so valuable?
Many Happy Returns · 44m

Smart Money: If you don't know who the patsy is, you're the patsy
Many Happy Returns · 40m

Defaulty Towers: How dangerous is the US Debt Ceiling?
Many Happy Returns · 44m

Surreal Estate: How far will house prices fall?
Many Happy Returns · 43m

Tesla: What goes up Musk come down
Many Happy Returns · 46m

Ready for a portfolio shakeup? What to consider before making a move
Many Happy Returns · 36m

2022 Merry Market Recap: Claus for concern
Many Happy Returns · 38m

Don't be fooled by 'Dreamwashing'
Many Happy Returns · 41m

Tricks of the trade-off: How to balance priorities in investing
Many Happy Returns · 40m

The Stock Market World Cup
Many Happy Returns · 47m

The worst week in crypto history... so far.
Many Happy Returns · 49m

The Long Covid Economy: Will the pandemic permanently change our society and investments?
Many Happy Returns · 39m

Banana skin in the game: How to learn from your investing mistakes
Many Happy Returns · 39m

Trick or Treat: Which assets will rise from the dead?
Many Happy Returns · 45m

Gilt Trip: Did UK government bonds almost blow up the financial system?
Many Happy Returns · 45m

Rate accompli: Are rising interest rates bad for all assets?
Many Happy Returns · 43m

The Ten Commandments of Investing
Many Happy Returns · 39m

Mini budget. Major problems.
Many Happy Returns · 41m

The Bond King, with Mary Childs
Many Happy Returns · 42m

How bad will the recession be?
Many Happy Returns · 47m

Will artificial intelligence transform investing?
Many Happy Returns · 45m

Is it dumb to invest in IPOs?
Many Happy Returns · 44m

Investing in China: Year of the Bear?
Many Happy Returns · 43m

Currency fluctuations: Take the hedge off?
Many Happy Returns · 42m

Is inflation rigged?
Many Happy Returns · 40m

Baby Buffett: How to invest for children
Many Happy Returns · 44m

Pessimists sound smart. Optimists make money.
Many Happy Returns · 43m

The Weirdest ETFs: Moats, Goats and YOLO
Many Happy Returns · 47m

The Big Shortage: What happens if Russia turns off the gas?
Many Happy Returns · 42m

Leverage: No margin for error
Many Happy Returns · 39m

Government bonds just got interesting
Many Happy Returns · 37m

Market timing: Signs of the top and bottom
Many Happy Returns · 53m

UK Stocks: No tech please, we're British
Many Happy Returns · 40m

This is the new oil... honest.
Many Happy Returns · 47m

What is risk?
Many Happy Returns · 51m

How earnings season moves stock markets
Many Happy Returns · 48m

Stablecoin collapse: The horse has bolted
Many Happy Returns · 47m

Stock Market Myths
Many Happy Returns · 43m

Warren Buffett: Is the magic back?
Many Happy Returns · 35m

Should you hedge your investments against inflation?
Many Happy Returns · 43m

Emerging Markets: Is it time to invest?
Many Happy Returns · 43m

Could house prices crash?
Many Happy Returns · 45m

How much is enough?
Many Happy Returns · 37m

Meme Reversion
Many Happy Returns · 39m

In the Toilet: Macroeconomic indicators
Many Happy Returns · 47m

Bear in Mind: Cognitive bias in investing
Many Happy Returns · 40m

Russian for the Exits
Many Happy Returns · 45m

Satellite Navigation: Portfolio part 2
Many Happy Returns · 47m

Core Strength: Portfolio part 1
Many Happy Returns · 43m

It's not ESG being green
Many Happy Returns · 35m

Tech Shares on the Titanic
Many Happy Returns · 32m

Factor Fiction?
Many Happy Returns · 26m

Bubble or Nothing?
Many Happy Returns · 33m

Buffeted by Inflation
Many Happy Returns · 38m
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