Effective Investing: A Simple Way to Build Wealth by Investing in Funds
Format: PDF / Kindle (mobi) / ePub
Investing can be one of the most reliable passports to a better life. But where should you invest your money? Mark Dampier has been helping thousands of investors answer this question for over 30 years. In his first ever book he brings together everything he has learnt from grilling fund managers, weighing up investments and prospering through dramatic ups and downs. The result is THE must-read insider's guide for how to succeed as a DIY private investor. As Mark explains, effective investing doesn't have to be complicated or time-consuming. Armed with this book, you can find easy ways to make your money work for you, no matter how much or how little you start out with. Writing in plain English and using real-life examples throughout, Mark reveals: - the secrets of picking the best investment funds - how he invests his own savings and pension fund - starter portfolios for first-time investors - the most common traps that investors fall into - the trouble with buy-to-let and other popular solutions. With today's powerful online platforms and generous tax incentives (also outlined in the book), the markets have never been more accessible. But success without a plan is far from guaranteed. Effective Investing is the guide you've been waiting for to make sure you get what you want from your investing.
is currently biased towards Asian nations which do not have the same issues with excessive debt as we do in the West. In contrast, Littlewood believes the euro, Japanese yen and sterling are set to weaken and has positioned the fund to benefit from devaluation in these currencies. Finally, about a tenth of the fund is invested in commodities, predominantly precious metals. Gold is the most significant investment, accounting for over 7%. As the price has fallen from the high of almost $1,900
relatively poorly, a strategy known in the industry as running a long-short portfolio). The track record has been pretty good, unlike most funds in the absolute return sector, which have generally been very disappointing since they first appeared on the scene. (One fundamental reason may be that it is simply very difficult to do what they aim to do.) There have been periods when the fund has been closed to new investors. However, as with the Old Mutual fund, given my greater interest in finding
asset classes that investors have to consider. Any sensible investment strategy is likely to include a mixture of these type of investments, which all have their own distinctive characteristics. In all four cases you have the choice of investing directly yourself or using a managed investment fund to gain your exposure. The four are: equities (the posh word for shares) bonds (fixed-interest securities) property cash. With the help of historical surveys, it is possible to summarise the historic
you advice on anything. If we are ever to develop a proper savings culture in this country, which we need if we are to invest in the future of our economy, we have got to make saving and investing easier and simpler. Education is obviously a big part of the answer, but there must be a better way to incentivise people to spend less time gambling and more time trying to put their money to work in more productive ways. The rules governing TV advertising would be a good place to start. The trouble
with banks My first piece of advice to any would-be DIY investor would be: don’t go near a bank for almost anything on the savings or investment side. Obviously you need a current account and banks may be able to offer you a decent mortgage deal, though these days it really pays to shop around before you commit. Yet their bank is the first place that many people go. I suppose that is because it seems the obvious place to start. The trouble is that banking is not what it used to be. We all