Recording summary · October 2020
I think I made a HUGE mistake
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Overview
Daniel separates living expenses, funded entirely through YouTube and OnlyFans earnings, from an inheritance received following Daniel's father's death.
Daniel invested inheritance money into the stock market using Freetrade across a standard account and an ISA portfolio, as well as holding funds in eToro.
Daniel tracks portfolio holdings and performance across Freetrade and assesses further investment options for £2,200, preferring direct stock picking over copy trading despite performance trailing the FTSE benchmark.
Themes
Separation of YouTube and OnlyFans living income from inherited life insurance funds.
Freetrade investment accounts, portfolio holdings, dividends, and benchmark performance comparison.
Investment options and strategy across eToro, including self-directed stock selection versus copy trading, index funds, and prospective company shares.
Developments
Daniel received a life insurance payout following the death of Daniel's father in the previous year.
Daniel placed £15,000 into stock investing on Freetrade, establishing an initial account with £2,000 and an ISA with £12,000.
Uncertainties & gaps
Whether investing the inherited funds was wise or if half of the money will be lost.
Whether Daniel's stock selections are poor or if depressed shares will eventually recover.
Whether to remove Exxon from the portfolio amid market transitions toward renewable energy.
Whether to deploy the available £2,200 into Verizon or alternative assets.
Whether SolarEdge will perform well in the future.
Whether Daniel must adjust existing holdings to prevent portfolio value from dropping.