Newbie Investing

Options
I am keen to dip my toes in investing. I am reading an investing book at the moment but it's US focused.... I am still learning some good information that I am sure crosses over.

Can anyone recommend some good books that will help me on my way? Ideally something recent and easy to read. I am aware of sites like monevator etc.

I am 30 years old, home owner, no debt other than the house mortgage.

I am interested in something like Vanguard Life Strategy 60 and 'safeish' ETF's. I am after a long term investment, like 10-15 years. What do you think about that fund?

I would have a few thousand to put in to begin with, and then a few hundred to invest each month. I would like to invest around £250 into ETF funds each month and maybe £50 in much more risky small and medium cap shares for tech startups etc for a little bit of fun.

Can anyone who has been in in a similar position to me please advise on a basic strategy etc? Pitfalls to avoid etc?

Thanks :beer:

Comments

  • ColdIron
    ColdIron Posts: 9,164 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Options
    Tim Hale's Smarter Investing is a good start. He has a preference for passive investing but it appears so do you. Make sure you go for the 3rd edition (2013)
  • jimjames
    jimjames Posts: 17,678 Forumite
    Photogenic Name Dropper First Anniversary First Post
    Options
    Have a look at www.monevator.com for more ideas
    Remember the saying: if it looks too good to be true it almost certainly is.
  • BLB53
    BLB53 Posts: 1,583 Forumite
    Options
    Can anyone recommend some good books that will help me on my way? Ideally something recent and easy to read. I am aware of sites like monevator etc.
    I like 'DIY Simple Investing' which has been reviewed on the monevator site

    http://monevator.com/using-vanguard-lifestrategy-funds-life/

    I think for simplicity, the Vanguard LS funds are hard to beat - I hold the LS60 in my ISA. I think over time it will provide a better return than active funds - although I still retain some of my investment trusts!

    The hardest thing for me is sticking to my plan when the markets are volatile such as the early part of this year.

    One thing to avoid - don't look at your portfolio too often! Good luck.
  • Zola.
    Zola. Posts: 2,204 Forumite
    First Anniversary Photogenic Name Dropper First Post
    Options
    Just bought Tim Hale's book, 22 quid for the Kindle! I hope its worth it! haha...

    Also just joined Hargreaves Lansdown and filled in the form for buying stocks and shares in the US.

    Exciting!
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.8K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 235.9K Work, Benefits & Business
  • 609.1K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards