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Started by Anchorman on Oct 16, 2021 10:40:48 AM
Investing

I am a complete beginner. Can anyone recommend a good book or online resource that would help me understand the subject?

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Anchorman - 18 Oct 2021 19:59:25 (#1 of 130)

Cough!

darkhorse - 18 Oct 2021 21:00:08 (#2 of 130)

That's a bad cough, I'd avoid long term investments.

blacksunday - 18 Oct 2021 21:04:36 (#3 of 130)

lol

blacksunday - 18 Oct 2021 21:04:46 (#4 of 130)

Hey Anchorman!

AdonisBlue - 18 Oct 2021 21:09:04 (#5 of 130)

I've been posting or lurking here for twenty years and throughout that time the strong consensus of this place was the housing market was a bubble that would burst very very soon and you'd be insane to buy now. During that time houses have continued to rise in value to the point of lack of affordability.

bossab2 - 18 Oct 2021 21:10:48 (#6 of 130)

Don't gamble what you can't afford to lose.

mingmong - 18 Oct 2021 21:11:20 (#7 of 130)

#5 See also the Bitcoin thread: same thing on steroids

Electro2 - 18 Oct 2021 20:11:34 (#8 of 130)

Best info hereā€¦ https://www.moneysavingexpert.com/savings/investme
nt-beginners/

dreams99 - 18 Oct 2021 21:11:51 (#9 of 130)

Depends what you mean. Buying equities for a return?

It's all a gamble, because you'll always get your information late, so the information is priced in (not always accurately) Take your gains and losses with a pinch of salt.

The basic advice is, don't invest more than you can afford (ie assume you could lose 30% of it in a crash), and have a diverse portfolio, if you can, to spread your risk. Don't bother with bonds, they pay less than 2% and you'll pay that in commission to buy them.

Theee you go, that'll be £8.99.

mingmong - 18 Oct 2021 21:15:52 (#10 of 130)

Anchs: a rising tide lifts all the boats. If you have a good spider-sense of the macroeconomic context the details are less important. Buy when everyone is shitting themselves (as I did at the beginning of covid) , sell when everyone is boasting about their portfolio gains

solomongursky - 18 Oct 2021 20:47:27 (#11 of 130)

They worked out that drip-feeding the market always beats investing in slumps.

Shadrack22 - 18 Oct 2021 21:49:24 (#12 of 130)

Listen to Money Box on Radio 4.

Verdigris - 18 Oct 2021 20:54:16 (#13 of 130)

Green/ethical investment funds are tending to do better that the old favourites of fags/booze/oil.

Anchorman - 18 Oct 2021 21:20:04 (#14 of 130)

Thanks for lots of good advice. Electro's link to moneysaving expert looks just what I need and I'll have a very good look at it.

Anchorman - 18 Oct 2021 21:20:44 (#15 of 130)

Hey Black Sunday.

Long time no see on here. Hope you're well.

blacksunday - 18 Oct 2021 22:43:10 (#16 of 130)

Very well, thank you Anchorman!

Tenesmus - 19 Oct 2021 06:52:13 (#17 of 130)

Stocks and shares ISA and see if your pensions will be better moved elsewhere (excluding your NHS and any other defined benefit pensions)?

Agaliarept - 19 Oct 2021 09:24:50 (#18 of 130)

Don't bother with bonds, they pay less than 2% and you'll pay that in commission to buy them.

Interesting.

My wife's family are all obsessed with Premium Bonds. Her grandfather has a few tens of thousands worth and make a few hundred pounds a year seemingly.

Are you saying they aren't worth it?

solomongursky - 19 Oct 2021 08:26:17 (#19 of 130)

No, bonds. Not Premium Bonds.

Agaliarept - 19 Oct 2021 09:28:21 (#20 of 130)

No, bonds. Not Premium Bonds.

Ah thanks sol.

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