Investing, clearing debts, savings

Thrugelmir

StevenO wrote: »

In terms of our goal and turning 20 into 100, it was simply based on using or leveraging the 20k as a vehicle

Leveraging doesn't guarantee a return. People believe it does. As with a credit boom it became a fail safe return for doing absolutely nothing. Nowadays requires asome hard work to achieve that. If you ever find the secret let us all know.

The art of investing is really down to spreading ones risk. Reinvesting the income generated. Not being afraid to cuts ones losses on a bad investment. Most people are happy to take profits, however assume that a loss is one day going to turn around.

bigadaj

atush wrote: »

spam from jstockz, reported.

As for shares/funds you have met lots of people here like me who have made money in the markets. I expect you know others, but it isn't something people really talk about.

There are some rules to follow (which you fell foul of before) such as don't get advice from your bank. Don't put all your eggs in one basket (be it property, cash, a single share/fund etc).

The rest is either learning about it, or hiring an IFA (not a bank advisor). To start, you could just invest in lifestyling funds suited to your attitude to risk. Or a diversified portfolio of trackers.

Can you stop saying your reporting spam, as once its removed yours is the only reference to it.

Just hit the spam button and job done.

AlwaysLearnin

But, to be fair, whilst it is there it flags it to less experienced/unsuspecting forum users...

robatwork

StevenO wrote: »

I've been putting £180 a month into the company pension for this time, and the company has been doubling that since. We both plan on keeping our regular pensions going in much the same manner.

Will the company double your contribution however much you put in?
If so you'll be hard pushed to better that as an investment - tax free and double your money..... but you can't get to it until you're of a certain age of course

MoneySaverLog

Thrugelmir wrote: »

Not being afraid to cuts ones losses on a bad investment. Most people are happy to take profits, however assume that a loss is one day going to turn around.

I'd agree with this if leveraging but when it comes to investing I'd have thought you'd be better off waiting for the fund to recover the losses over time than to cut them short.

Investments should really be considered just for the long term.

After all you don't make any money investing in stocks and share funds by buying high and selling low.

robtgossard

[FONT=&quot]Convert your savings from money to something money-like, such as gold and silver bullion. They appreciate with time and you can convert them into cash just when you want. This way inflation doesn’t stick its hands on your savings, in fact your bullion investments appreciate by sitting in your safety deposit box.[/FONT]

atush

bigadaj wrote: »

Can you stop saying your reporting spam, as once its removed yours is the only reference to it.

Just hit the spam button and job done.

't

thanks for the slap, but no thanks- no need

I reported him about 10 times yesterday, and when I didn't mention it I noticed it stayed up longer as others didn't report. I only put it on 3/4 of all the posts I reported.

atush

robtgossard wrote: »

[FONT=&quot]Convert your savings from money to something money-like, such as gold and silver bullion. They appreciate with time and you can convert them into cash just when you want. This way inflation doesn’t stick its hands on your savings, in fact your bullion investments appreciate by sitting in your safety deposit box.[/FONT]

ignore the Gold bugs, who conveniently forget that gold produces nothing, has no income, and has fallen over the last two years
(greatly recently).

If you want to invest in PMs either physical or ETF, make sure they aren't more than 5% of a well diversified portfolio.

Thrugelmir

MoneySaverLog wrote: »

I'd agree with this if leveraging but when it comes to investing I'd have thought you'd be better off waiting for the fund to recover the losses over time than to cut them short.

Depends if the remaining value of the investment would make a better return elsewhere. Funds hold shares. So if the underlying investment is held is poorly performing ones. Then the fund manager is going to have the churn the portfolio in any case.