The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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mugwump,
There's good and bad out there, what people need to do is TRUST NO ONE WHEN IT COMES TO MONEY!
Many people give hundreds of thousands of pounds to people to invest with little or no research and then cry in the newspapers when they've lost money.
Research is your priority, invest wisely, build a portfolio over time, reinvest dividends.
Financial planning SHOULD be taught at school.
Anyway time for bed for me, goodnight all and see you tomorrow!
My watchlist of thirteen best performing unit trusts & investment trusts returned an annual rate of just over thirty per cent from Feb 2019 until about March this year 2021. The overall 29 month return since Feb 2019 is currently 25% today, despite stock markets worldwide being hammered. I have zero investment expertise or background/training etc.
In fact my investments in single stocks have mostly lost me money - with the exception of EUA of course which has more than made up for other losses. And EUA was just a lucky tip - no expertise from me. It could easily have been another loser.
Financial advisers I view with contempt as all the ones I have heard about my friends using have just lost them money.
I am firmly convinced there is no excuse for not bothering to learn enough to invest safely yourself just by taking a close look at things like unit trusts and investment trusts. They do all the work for you & spread the risks. Only idiots & complete suckers use savings accounts currently offering from 0.01 to maybe 2% max.
Invest it all in the next PPI scandal. That paid dividends for some people
TC101,
You hold other shares so you know what you're doing.
Be careful with financial advice, as GFD says it's better than it was but you need to watch that you are not sold something that you don't really want.
Look at the Google charts for various shares, it will show you the dividend yield.
Also don't be afraid to spread risk over sectors, so if you were buying banking shares get say £5000 of Lloyds and £5000 of HSBC, but obviously DYOR
Thanks bumble.
I need to do my DD or add more to funds from savings to shares I trust in and I’m in a few sectors, mining, pharma, banking, and ev’s (tesla/NIO).
Thanks again and will pick up with an IFA.
TC101,
Cash savings are a waste of time and in the real world devaluing.
I would keep a month's "float" (min, preferably 2) then look at investing the rest in large cap dividend paying shares, BUT SPREAD THE RISK.
Let's say you have £30,000 savings, split it into 3 and invest £10,000 over 3 sectors, but you can obviously adjust this to suit.
Pharmaceuticals, mining, oil & gas, banking all have a long history of paying dividends, you just need to select the right companies for you.
You should quite easily be able to achieve a 5% yield on these investments.
To be honest with you it probably wouldn’t too much GFD.
Must be a psychological thing having a ‘safe’ haven. However I had significant better returns on my investments than in savings so I am starting to think that my savings to investment ratio will change.
May invest in more dividend stocks. Probably will touch base with an IFA.
Cheers Mooch. I guess I’m always think of savings accounts as ‘safe’ hence my reluctance to go all in investments.
However I’m starting to think I may change my savings to investment ratio and have an equal 50/50 split
Agreed with the crypto however I put £15 in to Doge coin and won’t look at it again for 10 years, may one day hit the dizzy heights of Bitcoin (I doubt it).
Near 100% equity invested apart from a relatively very small 'rainy day' pot.
Was watching a YouTube vid on what split people have in savings and in investments I.e shares.
Working mine out I’m about 65/35 in favour of savings however with low interest rates and inflation high clearly I’m losing out on my savings account.
No need to reply but have any of you a higher percentage in stocks than in savings?
N.b just for fun and won’t be taking investment/savings advice for your replies.