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Smarter Investing: Simpler Decisions for Better Results (Financial Times Series)?
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Buy yourself Tim Hale's Smarter Investing. It explains everything you need to set up a portfolio.
You'll want to pick you time frame, pick your risk tolerance (it should be high as you are young) and then you can construct a portfolio plan around it.
https://www.amazon.co.uk/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I
Sure. I invest according to this book.
https://www.amazon.com/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I
I invest in global equities to capture developed and emerging markets (SWDA and EMIM), REIT (BGPSEAA) and a small amount of globally allocated investment grade inflation linked bonds (SGIL) which I will probably sell and reallocate into equities. I have a small holding in the MSCI world momentum factor ETF (IWFM) too, hopefully to juice it up a bit.
Set and forget, aiming for broadly diversified low cost ETFs and atleast a 15-20 year time horizon.
“Investing in something you believe in” needs some caveats. You need to have a clear, critical analyses that underpins why you believe in an investment. It can’t be a cliche like, “I buy stock in toilet paper because people will always need it, right?” That is not investing. It’s speculating at best and more akin to gambling.
Spend the time doing the research now. I recommend this book for starters.
https://www.amazon.com/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I
Agree. I recommend the OP reads the following book:
https://www.amazon.com/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I
It’s a great introduction into the world of investing and will give you a much needed sense of perspective. So many people approach investing as “picking stocks” but that is only one thread of the tapestry.
Do yourself a favour and buy this book:
https://www.amazon.com/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I
I would recommend you look at a globally diversified ETF that tracks the FTSE All World Index or the MSCI World Index. At 33 and assuming you will not need the money for 20 years, 100% equities is not unreasonable.
New from £147 and used from £15 lol. You can get it new for £15 on Amazon. It seems to be one of those books that never gets low in price and my three local libraries didn't carry it.
I recommend educating yourself a bit on the subject.
This book is very good: https://www.amazon.co.uk/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I/ref=sr_1_1?ie=UTF8&qid=1548176269&sr=8-1&keywords=smarter+investing+tim+hale
After reading it you will have a much better understanding of what you need to do, and why, and probably some new questions which everyone here can help with.
But very basically yes you need to save 10-20% of your income, and invest it in long term index funds to capitalise on the benefits of compound interest, which inflation adjusted in stocks/shares will be around 8-10% over many many years (ish). Following this 'accumulation' phase over your career, you will then enter retirement where you will withdraw from this pot of money. This pot should be in tax efficient wrappers such as pension, ISA, SIPP.
The flowchart is also a very good tool.
Agree. It is a great book. Check it out, here:
https://www.amazon.com/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I
Sorry I thought you were initially asking how do you learn how to do DIY around the home!
In honesty the 'doing' part is really easy, invest in a passive global index and wait for 25 years, that's it! You can learn the theory of why however by reading the following books:
Do yourself a favour and before you go anywhere near the stock market, do some self education. You can start by watching this series of videos:
And then watch this series of videos:
And then if you want to have the confidence to passively invest your money, try reading this book:
https://www.amazon.com/Smarter-Investing-3rd-edn-Decisions-ebook/dp/B00GAYHH8I
The videos are free and book is about £20, which is a small price to pay for the education is gives, in my view.
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