Recommend reading material for investment

IronWolf

I'd recommend the Intelligent Investor by Ben Graham

trickydicky14

Mine are 0.75% but you have your fund charges on top of that. I can't remember the exact figure but I think in total in comes to about 1.6%. There's probably cheaper ones out there but I went with a recommendation from someone who'd be using this particular IFA for a number of years.

What I'm getting is investments in what they consider the best funds for me. There are 1000's of them so I didn't feel competent enough to best chose my own.[/QUOTE]



clarky_cat thanks that's a big help.

Thrugelmir

Archi_Bald wrote: »

What a surprise to hear an IFA recommend people use an IFA.

At least have the decency to declare your interests. The respected IFAs on the forum all do.

I thought that vested interests should be declared in ones signature?

Thrugelmir

Read the Money section of the Sunday times and glran some have ideas as to what you may wish to do with the money. Meanwhile put your cash on deposit. Do not make any hasty decisions either.

misterfish

Thanks for the reading suggestions - they will keep me busy for a while and hopefully give me a good basis of knowledge.

The suggestion of an IFA also makes a lot of sense but how do I choose which one will be most suitable as there seem to be several in the area?

Misterfish

bowlhead99

misterfish wrote: »

The suggestion of an IFA also makes a lot of sense but how do I choose which one will be most suitable as there seem to be several in the area?

Misterfish

Unbiased.co.uk is an 'official' directory of IFAs. When searching, make sure you check/uncheck the boxes to make sure it doesn't only show results from paid advertisers. Then shortlist say 3 of them near you and have a chat and see what you like and whether you can swallow their charging structure.

Obviously a personal recommendation from someone who is using an IFA they trust, and ideally someone who actually knows what they are doing and what they should look for in an IFA, is going to trump the 'pin in a phone book' method. But without such a recommendation, unbiased is a good bet.

No harm in arming yourself with some basic knowledge from the links or books mentioned above. You don't need to spend or invest £100k on the day you get it, or make any snap decisions.

Something like the 'intelligent investor' mentioned above is a well written piece by a respected individual that is still valid 40 years after being written, and Warren Buffet rates it highly. But it is not necessarily a practical guide to what products are out there today which might be more what you are looking for as a first step.

You might want to consider a book like The DIY Investor ( http://www.amazon.co.uk/The-DIY-Investor-Investments-Financially/dp/129200066X ) by Andy Bell (who runs AJ Bell / Youinvest) to get an idea of how DIY investment platforms can be used for self-invested pensions, S&S ISAs etc. It would certainly tell you how 'investing in the UK' works if that's your goal, although everyone has their favourite books in the genre of course.

Spending £20-£50 on some books could be a sensible first step and certainly a drop in the ocean compared to a £100k windfall. If you lack confidence (or even if you don't), £2-£3k on an IFA is also a relative drop in the ocean, but it makes a bigger splash than the books so you might as well take baby steps first and not rush into things if you have time on your hands to sit back and read.

badger09

Archi_Bald wrote: »

What a surprise to hear an IFA recommend people use an IFA.

At least have the decency to declare your interests. The respected IFAs on the forum all do.

Thrugelmir wrote: »

I thought that vested interests should be declared in ones signature?

I think Daniel Elkington's signature used to declare his interest :cool:

gadgetmind wrote: »

Well, that mugshot is a bit of a give away!

I thought it was a spoof but I checked and it is him. (Sorry Daniel:o)

joerugby

I read the FT every Saturday and have found it enlightening in many respects