Effective Investing: A Simple Way to Build Wealth by Investing in Funds
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.
with orders executed on either a daily or (less commonly) a weekly basis. The second kind are known as exchange-traded funds, or ETFs for short. Unlike conventional tracker funds, these can be bought and sold just like a share in the secondary market, which makes them of interest to traders as well as long-term investors. ETFs typically offer an even wider range of choices than conventional funds, giving investors a wide variety of options for tracking individual market sectors (e.g. telecom or
the more often you do it, the greater the cost becomes. That was a bigger problem a few years ago, when many funds still charged you 5% upfront as a buying fee. My view is that it can be sensible to do some rebalancing of either assets or funds themselves, but I don’t think it is essential when you have more experience. Whether it should be done on a particular anniversary every year, such as January the 1st, I rather doubt. I like to look at the wider picture of what is going on in the markets
Tobacco and British American Tobacco both feature among his top ten investments. The fund yields around 4%. While the majority of the fund is invested in larger companies, Neil has also demonstrated his commitment to long-term investing by holding a number of smaller companies that need funding to grow. He is particularly interested in the drugs and technology businesses that are spun out of ground-breaking university research labs. These companies are the main focus of his second fund, the
recipe for disaster. We always want a reason for something, but sometimes there’s just not a good reason. Back in the internet bubble, when the end came in early 2000, there was no single piece of news that suddenly said that this technology wasn’t going to work. In fact, everything that was said about technology in 2000 and what it was going to do we’re seeing happen now. We can see that clearly now, but tech stocks still fell like a stone back then. Like the railway and canal bubble they were
has a particularly useful glossary of fund terms which you can find at: www.theinvestmentassociation.org/all-about-investment/glossary.html You might also find this explanation of fund yields from the Hargreaves Lansdown (hl.co.uk) website helpful: tinyurl.com/HLfundyields The websites listed below also have a lot of information about fund terms and industry trends: Fund prices, ratings and news trustnet.co.uk morningstar.co.uk citywire.co.uk iii.co.uk hl.co.uk Industry websites