Comments on: Starting out with investments http://www.bishnet.net/tim/blog/2009/02/19/starting-out-with-investments/ "For a moment, nothing happened. Then, after a second or so, nothing continued to happen." -- HHGTTG Wed, 14 Oct 2009 16:57:29 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Tim Bishop http://www.bishnet.net/tim/blog/2009/02/19/starting-out-with-investments/comment-page-1/#comment-43790 Tim Bishop Fri, 26 Jun 2009 21:28:36 +0000 http://www.bishnet.net/tim/blog/?p=172#comment-43790 Hi Chris, Regarding the S&S ISA, I definately think it's a good idea. Unless you've got some other use for the allowance it's good to make use of it whilst you can. As you say, down the road it may save you from capital gains tax. One other thing I have been thinking about is a SIPP, but the money is definately locked away then, and I'm not sure I understand them enough to make a decision on it yet. I did go with a tracker fund in the end, and I luckily put my first sum in at the current bottom of the market (by pure chance!). I'm under no illusions that it won't be a rough ride from here, but the past couple of months have started to look more positive. However, over the long term who knows what'll happen :-) Thanks for the recommendation on A Random Walk Down Wall Street, I think it's on my list already. Something I've found useful lately is listening to podcasts. I have some slots in my day when I'm doing other things but my brain is idle, so I use that time to educate myself. Generally I just listen to news style podcasts like the money ones from Radio 4 and 5, but I also find the Motley Fool ones interesting. I don't think they're always directly applicable, but I don't pick up a lot about the general state of the economy. Good luck with your investing. Tim. Hi Chris,

Regarding the S&S ISA, I definately think it’s a good idea. Unless you’ve got some other use for the allowance it’s good to make use of it whilst you can. As you say, down the road it may save you from capital gains tax. One other thing I have been thinking about is a SIPP, but the money is definately locked away then, and I’m not sure I understand them enough to make a decision on it yet.

I did go with a tracker fund in the end, and I luckily put my first sum in at the current bottom of the market (by pure chance!). I’m under no illusions that it won’t be a rough ride from here, but the past couple of months have started to look more positive. However, over the long term who knows what’ll happen :-)

Thanks for the recommendation on A Random Walk Down Wall Street, I think it’s on my list already.

Something I’ve found useful lately is listening to podcasts. I have some slots in my day when I’m doing other things but my brain is idle, so I use that time to educate myself. Generally I just listen to news style podcasts like the money ones from Radio 4 and 5, but I also find the Motley Fool ones interesting. I don’t think they’re always directly applicable, but I don’t pick up a lot about the general state of the economy.

Good luck with your investing.

Tim.

]]> By: Chris http://www.bishnet.net/tim/blog/2009/02/19/starting-out-with-investments/comment-page-1/#comment-43788 Chris Fri, 26 Jun 2009 20:37:33 +0000 http://www.bishnet.net/tim/blog/?p=172#comment-43788 Hi, I really enjoyed reading your article, I am very much in the same position as yourself and am in the process of selecting a tracker fund, I will suggest you to read A Random Walk Down Wall Street which outlines very well the attractiveness of the index fund versus managed funds. another thing I was considering was about whether or not to place the tracker fund into a stocks and shares ISA, what do you think about this? I think if you are investing long term you get the insurance against capital gains tax - some also have no annual management fees but its something im still researching. I also concur that whilst it is a bit scary as a first time investor like myself to invest in a time when the index is going through the floor, it makes sense when "eggs are on sale, then its time to buy eggs" im in this for the long term too. Hi, I really enjoyed reading your article, I am very much in the same position as yourself and am in the process of selecting a tracker fund, I will suggest you to read A Random Walk Down Wall Street which outlines very well the attractiveness of the index fund versus managed funds. another thing I was considering was about whether or not to place the tracker fund into a stocks and shares ISA, what do you think about this? I think if you are investing long term you get the insurance against capital gains tax – some also have no annual management fees but its something im still researching. I also concur that whilst it is a bit scary as a first time investor like myself to invest in a time when the index is going through the floor, it makes sense when “eggs are on sale, then its time to buy eggs” im in this for the long term too.

]]> By: Jonasan http://www.bishnet.net/tim/blog/2009/02/19/starting-out-with-investments/comment-page-1/#comment-43593 Jonasan Wed, 15 Apr 2009 15:31:48 +0000 http://www.bishnet.net/tim/blog/?p=172#comment-43593 I believe in compound interest. The key to it is actually beating inflation and to start early so that you have more money by the time that you end. But, it would be hard to save without the proper guidance and there are a lot of scams circulating. I believe in compound interest. The key to it is actually beating inflation and to start early so that you have more money by the time that you end. But, it would be hard to save without the proper guidance and there are a lot of scams circulating.

]]> By: Tim Bishop http://www.bishnet.net/tim/blog/2009/02/19/starting-out-with-investments/comment-page-1/#comment-43570 Tim Bishop Tue, 24 Mar 2009 17:53:37 +0000 http://www.bishnet.net/tim/blog/?p=172#comment-43570 As I said in the post, I'm thinking about the <em>long</em> term. The recession is almost certain to recover over the next few years, and definitely over the next 30 years (although maybe we'll have another by then!). So buying in to something when it's cheap is a good thing. For short term gains I'd certainly agree that it's not the safest thing to do. As I said in the post, I’m thinking about the long term. The recession is almost certain to recover over the next few years, and definitely over the next 30 years (although maybe we’ll have another by then!). So buying in to something when it’s cheap is a good thing.

For short term gains I’d certainly agree that it’s not the safest thing to do.

]]> By: ErNci http://www.bishnet.net/tim/blog/2009/02/19/starting-out-with-investments/comment-page-1/#comment-43159 ErNci Mon, 02 Mar 2009 13:57:44 +0000 http://www.bishnet.net/tim/blog/?p=172#comment-43159 Tracker fund?! Fund:Recession ! asdfasdfasdf http://funds.ft.com/mandg/securities/MGGTIA gogo! Tracker fund?! Fund:Recession ! asdfasdfasdf

http://funds.ft.com/mandg/securities/MGGTIA gogo!

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