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Artwork for On The Money
Investment Trusts
Pensions
Investment Strategies
Inflation
Interest Rates
Inheritance Tax
UK Stock Market
Interactive Investor
China
Artificial Intelligence
State Pension
Gold
India
Personal Finance
National Insurance
Cash ISA
Passive Funds
Technology Stocks
Donald Trump
S&P 500

Every week, Kyle Caldwell and guests take a look at how the biggest stories and emerging trends could affect your investments, with practical tips and ideas to help you navigate your way through. Join the conversation, tell us what you want us to talk about or send us a question to OTM@ii.co.uk. Visit www.ii.co.uk for more investment insight and ideas.

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Artwork for On The Money

Latest Episodes

In this episode, Kyle and Dave give their thoughts on a range of topics submitted by DIY investors, including whether there’s too much crossover when owning both US and global trackers, how to decide whether to cut your losses, what constitutes a rea... more

A respected academic metric popularised by well-known economist Robert Shiller points to valuations for the US stock market being higher only once, during the dot.com boom and bust. Joining Kyle to explain what history suggests will potentially happe... more

YouTube

Markets are currently obsessed with the artificial intelligence story, meaning plenty of companies are getting left behind if they don't fit the bill. This episode looks at the shares that have fallen out of favour, but could make your portfolio more... more

YouTube

Terry Smith, arguably the most famous fund manager running money in Britain today, has abandoned his buy and hold “do nothing” strategy and carried out a major overhaul of the Fundsmith Equity portfolio. Joining Kyle to discuss this significant chang... more

YouTube

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Recent Guests

Damien Hill
Bond fund manager, manages the BNY Mellon Responsible Horizons UK Corporate Bond Fund
BNY Mellon
Episode: Why this investment type shouldn’t be ignored
Mat Masters
Chief Executive at the Caledonia Investments Investment Trust
Caledonia Investments
Episode: What's going on in private markets and why it matters
Jason Pickock
Manager on the Jupyter Asian Income Funds
Jupyter Asian Income Funds
Episode: How to capture the emerging markets rally
Richard Hunter
Head of Markets at Interactive Investor
Interactive Investor
Episode: How to build a World Cup-winning portfolio
Emma Bird
Head of Investment Trust Research
Winterflood
Episode: How to spot cheap investment trusts
Tom Becket
Co-Chief Investment Officer at Canaccord Wealth
Canaccord Wealth
Episode: How to navigate the big risk worrying the pros
Dan Kemp
Founder of Investment Research Business Portfolio Thinking; former Morningstar analyst
Portfolio Thinking
Episode: The risks and rewards of investing in hot themes
Charles Montanaro
Founder of Montanaro Asset Management and veteran small-cap investor
Montanaro Asset Management
Episode: My 10-point checklist for picking smaller company shares
Simon Evan Cook
Runs the Downing Fox Multi-Asset Funds
Downing Fox Funds
Episode: The outperforming funds flying under the radar

Hosts

Dave Baxter
Host of On The Money, Senior Funds Content Specialist at Interactive Investor
Kyle Caldwell
Co-host, Host of On The Money, focuses on investment trends and practical tips

Reviews

4.6 out of 5 stars from 222 ratings
  • Helpful podcast

    Thoughtful interviews around personal finance as I think about retirement options.

    Apple Podcasts
    5
    PWW Boston
    United Kingdoma month ago
  • Best personal finance podcast I've found

    I highly recommend this podcast and it's my go to, after listening to several of the others out there.

    Kyle and guests present it in a highly listenable and down to earth way.

    Each episode is an ideal length.

    The show covers a range of topics that stay relevant.

    If you want more detailed information or topics to be covered at more length, you can take the essentials you've gleaned from this show and do your own further reading/ listening with more confidence.

    I hope it continues for a ... more

    Apple Podcasts
    5
    Señor Raton
    United Kingdom7 months ago
  • Good content but…

    There is good advice and content in podcast. Would be helpful to listen to guests invited to be able to express their views as well as mostly content is spoken by Kyle.

    Apple Podcasts
    4
    ruth_evea
    United Kingdoma year ago
  • Made a real difference

    Great stuff, Kyle. Over the last year or so your podcast has been a big influence on me moving my portfolio from individual stocks to a broad range of funds.

    Apple Podcasts
    5
    AlistairCandlin
    United Kingdoma year ago
  • Great podcast

    Really good podcast. Just came across this recently. Great topics covered.

    Apple Podcasts
    4
    Chat Patel
    United Kingdoma year ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Audio quality can vary across episodes, occasionally affecting listening experience.
Clear, accessible, and concise for private investors.
Guests are well-chosen; content is balanced and informative.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

Why this investment type shouldn’t be ignored
Q: What is your elevator pitch to convince a DIY investor to have some exposure to bonds?
The host prompts for a concise argument emphasizing contractual income, the diversification benefits, and the protective ballast bonds provide in a volatile market, especially relative to equities.
Why this investment type shouldn’t be ignored
Q: What are the main considerations for DIY investors when buying gilts directly?
Damien discusses yield comparisons, tax efficiency, transaction costs, holding periods, whether active broader bond funds could capture more dislocations, and concentration risks when choosing government bonds versus funds.
Why this investment type shouldn’t be ignored
Q: Could you unpeel the onion further and talk about the relationship bonds have in terms of having a price and a yield, and how that is an inverse relationship?
The host asks for a deeper explanation of how bond prices move as yields change, and Damien explains that bond cash flows (income and redemption) are discounted back to today's value using the yield, so when required yield rises, bond prices fall, creating the inverse relationship between yield and price.
How ISA tax rules are changing from April 2027
Q: What are the potential practical implications for investors who already use ISAs as part of their strategy?
Investors may face more complexity, ambiguity around how savings allowances interact with ISAs, and potential tax costs if a large portion of a portfolio sits in money market funds, leading to a need for careful planning and timing when switching assets.
How ISA tax rules are changing from April 2027
Q: How did the government arrive at the 22% tax charge on cash within a Stocks and Shares ISA?
The 22% figure represents the basic rate of tax on savings interest that will apply from the next tax year, effectively raising the tax on savings within the ISA wrappers across all tax bands.

Audience Metrics

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Frequently Asked Questions About On The Money

What is On The Money about and what kind of topics does it cover?

A practical, retail-investor-focused discussion about personal finance and investing strategies, often anchored by fund analysis, market themes, and risk management. Episodes frequently feature fund managers, editors, and researchers who unpack topics such as AI-driven market momentum, private markets, bonds, investment trusts, and ISA reforms, with actionable tips and real-world examples. A standout aspect is the balance between accessible, down-to-earth explanations and data-driven insights, plus a willingness to cover timely policy changes and portfolio construction concepts in a concise format for listeners on the move.

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Which podcasts are similar to On The Money?

These podcasts share a similar audience with On The Money:

1. AJ Bell Money & Markets
2. Investors' Chronicle
3. Many Happy Returns
4. Switch Your Money On
5. The Money To The Masses Podcast

How many episodes of On The Money are there?

On The Money launched 7 years ago and published 434 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact On The Money?

Our systems regularly scour the web to find email addresses and social media links for this podcast. We scanned the web and collated all of the contact information that we could find in our podcast database. But in the unlikely event that you can't find what you're looking for, our concierge service lets you request our research team to source better contacts for you.

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What guests have appeared on On The Money?

Recent guests on On The Money include:

1. Damien Hill
2. Mat Masters
3. Jason Pickock
4. Richard Hunter
5. Emma Bird
6. Tom Becket
7. Dan Kemp
8. Charles Montanaro

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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