Investment Newbie

DrSyn

camills5 wrote: »

Hi guys,

What would be the number one piece of advice you could share if you were starting today?

1. Make sure you have an adequate cash emergency fund.

2. Think of investing via a pension.

3. Watch both of these first:-

http://www.kroijer.com/

https://www.ifa.com/indexfundsthemovie/

Then consider investing in a low cost Global Multi Asset Fund. They have wide diversification while minimising risk, at low cost.

You chose the risk level or share/bond split you are comfortable with, pay them the money & they do the rest.

4. There are many global muti asset funds. For example these two:-

https://www.vanguardinvestor.co.uk/investing-explained/what-are-lifestrategy-funds?intcmpgn=lifestrategyfunds_learnmore_link

With this you first chose your share/bond split. They then re-balance to maintain that split. You have to accept the market risk that goes with your chosen split.

https://www.hsbc.co.uk/investments/isas/hsbc-global-strategy-portfolios/

With this you chose the risk level (such as balanced) . They then re-balance the funds assets to maintain that risk level.

Jonesy1977

Money Master The Game - Tony Robbins + a whole host of the richest most successful investors in the world. A true eye opener and great starting point.

Pension? Own business is a great vehicle for this

Ludoes2017

It's already been touched on, but try and hold a broad range of investments across all sectors and interests. That way if something dips, you should be protected by the other assets.

Read, read, read. Do plenty of research and don't be afraid to take the odd risk or two if you can afford it.

bostonerimus

If you follow the rules on this index card you won't go far wrong. I would add "keep 6 months cash spending in your bank account for emergencies" and as the card is American for "401k" read SIPP or workplace pension and for "ROTH, SEP and 529" read ISA.

https://www.npr.org/sections/alltechconsidered/2016/01/08/462250239/when-an-index-card-of-financial-tips-isnt-enough-this-book-is-there