What will a financial adviser do for me?
Options
Comments
-
badger09: would you go down the S & S ISA route rather than passive funds?
Also, Smarter Investing has finally lost me towards the end of Chapter 9. Can anyone recommend any STARTER investor books?
I'm looking at these:
1. The DIY Investor - Andy Bell https://www.amazon.co.uk/DIY-Investor-Investments-Financially-Financial/dp/129200066X/ref=pd_sim_14_2?_encoding=UTF8&psc=1&refRID=15AFS10SVA7798TFEQTB
2. FT Guide To ETFs and Index Funds - David Stevenson
3. Effective Investing - Mark Dampier https://www.amazon.co.uk/Effective-Investing-simple-wealth-investing/dp/0857194674/ref=pd_sim_14_34?_encoding=UTF8&psc=1&refRID=15AFS10SVA7798TFEQTB0 -
badger09: would you go down the S & S ISA route rather than passive funds?
That is a bit like asking whether you would buy a car or petrol.
The S&S ISA is a tax wrapper. One of a number available in the UK. It is not an investment. It doesnt make or lose money. You can place investments within the tax wrapper (or other tax wrappers) or hold them unwrapped.Also, Smarter Investing has finally lost me towards the end of Chapter 9. Can anyone recommend any STARTER investor books?
I think you are beginning to over think it and over complicate it. You dont have a large amount to invest. You are in multi-asset territory rather than bespoke portfolio. You dont want an adviser (and an adviser would likely use multi-asset in your situation). So, why not just stick with multi-asset funds?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Just follow my dummy investment post and read some basic stuff online. I must say I was a bit surprised that book got mentioned so much , I did not like it either.
Dunston, I do not even think he overcomplicates it , he just does not understand the basic vocabulary and actions so getting confused.
I will use another comparaci!n- investments are like food, can be served in bowls (in ISAS, ISAS can also hold water -cash), in plates - pensions (SIPPs - in a buffet like place where you can pick from huge selection and as a set menu- private pensions) and just scattered on the table (unwrapped investment, just investment). To make investment (eat food) you would need all those vessels to be placed somewhere on the surface - that is your platform. There are any different platforms for people with specific requirements or belonging to specific eating places but in your case, as it is mainstream, there are just a couple most suitable where you could go and pick that food (multi asset fund) from either bowl or plate. Everything else is confusing you and splitting hairs at this stage , as long as you understand investments can basically half in value. NThe word "dilemma" comes from Greek where "di" means two and "lemma" means premise. Refers usually to difficult choice between two undesirable options.
Often people seem to use this word mistakenly where "quandary" would fit better.0 -
You could try a free course from the OU:
https://www.futurelearn.com/courses/managing-my-investments
There's one starting on 20th March0 -
Just follow my dummy investment post and read some basic stuff online. I must say I was a bit surprised that book got mentioned so much , I did not like it either.
Dunston, I do not even think he overcomplicates it , he just does not understand the basic vocabulary and actions so getting confused.
I will use another comparaci!n- investments are like food, can be served in bowls (in ISAS, ISAS can also hold water -cash), in plates - pensions (SIPPs - in a buffet like place where you can pick from huge selection and as a set menu- private pensions) and just scattered on the table (unwrapped investment, just investment). To make investment (eat food) you would need all those vessels to be placed somewhere on the surface - that is your platform. There are any different platforms for people with specific requirements or belonging to specific eating places but in your case, as it is mainstream, there are just a couple most suitable where you could go and pick that food (multi asset fund) from either bowl or plate. Everything else is confusing you and splitting hairs at this stage , as long as you understand investments can basically half in value. N
This post is correct dunstonh - not so much over-complicating as not knowing my posterior from my elbow!
Yes, I know they can fall (markedly); I'm in it for the long haul.
Thanks, I'll look for that post.0 -
That is a bit like asking whether you would buy a car or petrol.
The S&S ISA is a tax wrapper. One of a number available in the UK. It is not an investment. It doesnt make or lose money. You can place investments within the tax wrapper (or other tax wrappers) or hold them unwrapped.
I think you are beginning to over think it and over complicate it. You dont have a large amount to invest. You are in multi-asset territory rather than bespoke portfolio. You dont want an adviser (and an adviser would likely use multi-asset in your situation). So, why not just stick with multi-asset funds?
Like I noticed back in post #12
OP, have you looked at Monevator yet?0 -
You could try a free course from the OU:
https://www.futurelearn.com/courses/managing-my-investments
There's one starting on 20th March
Have you done this course? Is it any good? (Is it just the blurb that hasn't been updated, or is the whole course 3-4 years old?) What do you spend your three hours a week doing - is it reading, or watching somebody talk, or what?0 -
You could try a free course from the OU:
https://www.futurelearn.com/courses/managing-my-investments
There's one starting on 20th March
Thanks, I'll have a look at that!! :beer:0
This discussion has been closed.
Categories
- All Categories
- 343.3K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.3K Work, Benefits & Business
- 608.1K Mortgages, Homes & Bills
- 173.1K Life & Family
- 248K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards