Long term investing
11-10-2017
, 04:17 AM
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I'm currently using a wealth management firm that seem to just have me in a few random actively managed funds and bonds which I'm sure is me just spewing money but a) I have no idea about finances beyond what I've read on here and in a few articles and b) I have a natural tendency to always believe that the authority figures know more than me and just go along with whatever they say. So I'm trying to learn as much as I reasonably can about basic investment fund types to work up the courage to make a break from the wealth management people.
Would you advise just plonking it all in a vanguard product such as this (after maxing out an isa) and forgetting about it for a while? Is it really that simple? Talking high 5 figures that I don't predict needing to touch for a few years and I'm in the UK if that makes any difference. Also any advice on which vanguard fund to go with would be appreciated.
Would you advise just plonking it all in a vanguard product such as this (after maxing out an isa) and forgetting about it for a while? Is it really that simple? Talking high 5 figures that I don't predict needing to touch for a few years and I'm in the UK if that makes any difference. Also any advice on which vanguard fund to go with would be appreciated.
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In your case yes. Just go to Vanguard and buy some low cost target retirement date fund. It will auto balance from stocks towards bonds as you get closer to the date. It's a sound choice that requires nothing of you, but effectively cuts your wealth people out completely.
Every smart authority figure is telling you to do this btw. Warren Buffett thinks you should do this. (Just buying a ton of Berkshire Hathaway stock is also a valid choice as the company is absurdly diversified internally across the whole economy and holds a ton of bonds/cash equivalents as well and is being constantly allocated by the legitimate GOAT investor)
This is a no brainer dude. Give vanguard your money and stop feeling anxious about getting robbed. The reason you feel bad about money right now is that you ARE getting robbed. The way to make that feeling go away is to make the obviously better decision today and worry about something new tomorrow
Every smart authority figure is telling you to do this btw. Warren Buffett thinks you should do this. (Just buying a ton of Berkshire Hathaway stock is also a valid choice as the company is absurdly diversified internally across the whole economy and holds a ton of bonds/cash equivalents as well and is being constantly allocated by the legitimate GOAT investor)
This is a no brainer dude. Give vanguard your money and stop feeling anxious about getting robbed. The reason you feel bad about money right now is that you ARE getting robbed. The way to make that feeling go away is to make the obviously better decision today and worry about something new tomorrow
abysmal01, you can always look up the funds you're invested in on Morningstar (or the UK equivalent) to see the loads and expense ratios, if they're publicly traded.
And you can end-around giving your money to Vanguard by opening a UK brokerage account, which (might) have access to US mutual funds. Commissions will be a factor. I don't think Vanguard target date retirement funds have ETF versions traded on US exchanges, which would make things much easier.
11-17-2017
, 02:30 AM
I'm going to do this as part investment, part hedge against dollar collapse etc. Not a lot, a few grand. I really need the "How to Buy and Hold Bitcoin Safely for Dummies" link...