Tim Hale - Smarter Investing

kingrulzuk

would love to read this book
does any one have a PDF or something they can send me plz.
Msg my inbox and i will give my email.

Thank you

WatsonNimrod

kingrulzuk wrote: »

would love to read this book
does any one have a PDF or something they can send me plz.
Msg my inbox and i will give my email.

Thank you

Why don't you just buy it?!

BTW you often see the older version in charity shops for 50p

Sobryma

WatsonNimrod wrote: »

Why don't you just buy it?!

BTW you often see the older version in charity shops for 50p

Just go for a secondhand copy should come up cheap. The previous edition is on e-bay for £12 (I paid £22 new).

A much better analysis and better portfolios to my mind appears in Asset Allocation : Balancing Financial Risk by Roger Gibson. Used price is around £3 on e-bay for the 3rd edition. While US focused it can easily be adapted and uses less random asset categories for equities than Tim does - so is easy to apply to with OEICs. Its on the 5th edition now.

It has almost got me convinced to go passive for at least part of pension - the only issue being the bizarre valuations in money printing world makes me a little wary.

atush

Cpu2007 wrote: »

Fair enough

So let's say that long term is the way to go, waiting 5 years to see some profits it's a lot of time.

However, how much do you think a person should invest in long term investment to see some acceptable profit and what that profit would be in general(i know there's no actual way to answer this as there might be loss and profit depends on where the investment goes but I'd like to know from people here that have invested, how much they have invested and how much profit/loss they accumulated from it)

Now here is a great example of someone's wishes (or greed) driving their investment choices instead of using knowledge or learning.

You want to invest weekly/monthly, but you want excitement. excitement more often will lose you cash rather than gain it (ie look at your currency trading aims) even if you break even on trades, the costs of doing so will mean a loss.

you should invest monthly, into something collective like a series of funds or investment trusts. then put aside a smaller pot to invest in single shares for your excitement factor.

I did this after we had a mtg, pensions, and some cash savings and investments. I then saved up the child benefit and then used that to trade in shares, researching my next buy while saving up enough cash. Provided excitement, and learning. But the regular monthly payments into pensions and investment trusts did better over the years in the main.

I had some spectacular successes over the years of trading (from buying gold at lows and selling after the credit crunch to Arm and vodaphone bought for pennies) but had some spectacular losses (such as my 'safe' bank shares bought to diversify from my 'risky' investments ).

The trick is, I never invested more in single shares than I could afford to lose at the time, and kept up the regular payments into 'boring' things like pensions and investment trust savings plans at the same time.

kingrulzuk

atush wrote: »

Now here is a great example of someone's wishes (or greed) driving their investment choices instead of using knowledge or learning.



Hehehehehhe

gadgetmind

atush wrote: »

Arm and vodaphone bought for pennies)

I did similar but with ARM and Vodafone.

grey_gym_sock

gadgetmind wrote: »

I did similar but with ARM and Vodafone.

so you're not completely 'armless

gadgetmind

grey_gym_sock wrote: »

so you're not completely 'armless

No, and I've also benefited from a whole load of Imagination over the last decade or so.

Glen_Clark

Well I have just finished reading the latest (Third - 2013) Edition.
I can see its a good book, a bit heavy going in places, like where it gives lots of data to support the passive investing (index fund) argument - but you don't have to read all that.
What did I get from it;
He doesn't seem to think much of active funds (inc hedge funds) or gold, and ridicules the structured products you see sold by the building societies (100% return of the FTSE index over 5 years, without the dividends, less fees, and if we don't go bust like Lehmans did)
He recommends checking the value of your portfolio only once a year, any more often leads to irrational exuberance, or depression, and subsequent bad decisions.
I thought there may be some ideas of how QE will develop from here, but there isn't. We don't know what will happen, so just don't put all your eggs in one basket.
There are no share tips.
At its simplest, a low charging index tracker fund or ETF, balanced by cash paying the best rate you can find (since National Savings Index linked certificates are not available), seems to be a good bet.
Its an interesting read, but I shan't be changing anything through reading it. Although I would have done if I had read it years ago and it would have paid for itself many times over.

dunstonh

He doesn't seem to think much of active funds (inc hedge funds) or gold, and ridicules the structured products you see sold by the building societies (100% return of the FTSE index over 5 years, without the dividends, less fees, and if we don't go bust like Lehmans did)

I dont particularly like structured products but every now and then you get some with decent terms that are worth considering. So, ridiculing a niche option that may be suitable periodically is just short sighted. Banks did over sell them though.

He recommends checking the value of your portfolio only once a year, any more often leads to irrational exuberance, or depression, and subsequent bad decisions.

Yep. People that micromanage tend to get more nervous with daily movements.

At its simplest, a low charging index tracker fund or ETF, balanced by cash paying the best rate you can find (since National Savings Index linked certificates are not available), seems to be a good bet.

I disagree. If you look at asset allocation you are effectively having two options at opposite end so the scale and nothing in between.