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Showing posts from November, 2014

DIY Isa fund investing: the chart that can save you £14,000

Next year is expected to see an unprecedented rush into so-called DIY investing. Below we explain why you may feel the compulsion to manage your long-term savings more directly, by shifting them to a low-cost investment shop that allows you to pick your own funds. But before you take the plunge, it’s essential that you digest this chart – it could save you as much as £14,000 over 20 years. In short, the graph shows how the costs applied by the investment shop, which may be modest at the start, rapidly build up over decades. Related Articles   My trick to finding funds you can buy and forget 20 Nov 2014 DIY investment vs leaving it to the 'pros'   15 Nov 2014 My top 10 tips for DIY investors   17 Feb 2014 Invest £100,000 in shares and take an annual income. How long till you're bust?   10 Nov 2014 This is how it works. You hand £10,000 to an investment shop and tell it you want to buy a certain fund. That fund will have a charge, ty

What is meant by Investing?

Have you ever wondered how the rich got their wealth and then kept it growing? Do you dream of retiring early (or of being able to retire at all)? Do you know that you should invest, but don't know where to start? If you answered "yes" to any of the above questions, you've come to the right place. In this tutorial we will cover the practice of  investing  from the ground up. The world of finance can be extremely intimidating, but we firmly believe that the stock market and greater financial world won't seem so complicated once you learn some of the lingo and major concepts. We should emphasize, however, that investing isn't a get-rich-quick scheme. Taking control of your personal finances will take work, and, yes, there will be a learning curve. But the rewards will far outweigh the required effort. Contrary to popular belief, you don't have to let banks, bosses or investment professionals push your money in directions that you don't understand.