RE: ITV share price currently low28 Aug 2018 14:55
Well Glen, it appears you are very much on the right track. There's been a sudden realisation this side of the pond that Vanguard index trackers (with extremely low fees) are the way to go. Jack Bogle (Vanguard founder) is revered in the US as a 'people's champion' and has fought for many decades to show that buying and holding index trackers is the way to go. You say you have the bulk of your savings in cash like instruments. Just bear in mind that over years these are losers in real (inflation adjusted) terms. If you can afford to put them aside for 5 to 10 years, then feed them in as and when the markets pull back. Expect a 10% pull back at least once or twice a year (we had one in March/April). a 20% + pull back at least once every 3 1/2 years, and a 50% pullback at least a couple of times in your Investing lifetime. The key is - don't panic and sell, use these as opportunities to buy more, and re-invest dividends. You'll be more than satisfied with the outcome after some years. Use ISAs, LISAs and SIPPS whenever you can. And don't peek. Or if you peek, "Don't do something, just stand there!" (a Jack Bogelism)
My own investing journey has been a volatile one, and I have had more than my fair share of clangers over the decades. Its turned out ok, with a sizeable seven figure Investment portfolio, but I reckon I could have reached the same goal with a simple Vanguard buy and hold strategy. I still persist in my individual stock strategy (mainly high dividend payers). But for my daughters - I'm going the Vanguard way. They have lives to lead, unlike me!
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