I did it! Married a banker, got rich quick and bought my first house. Just kidding. Hopefully by Valentine’s Day 2020 I’ll have seen some success in my investments, if not my love life. The languages of love and investing are equally difficult to decipher – but at least the latter comes with Investopedia. This website has been a constant friend while I’ve been figuring out how to use the stock market to turn my £10,000 into enough money for a house deposit of around £40,000 within 10 years. My options are to buy shares, funds or bonds; for a rundown of what these are, see last month’s column. I’ve learnt bonds are safe – they guarantee a fixed rate of interest – but boring. Government bonds only... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access … [Read more...] about Millennial investor: how much do I need to save a month to buy a house in 10 years?
How to buy a share in the stock market
Isas are a popular way for savers to squirrel away money. And given that these savings accounts are free from both capital gains and dividend tax, the Stocks and Shares Isa is particularly appealing to investors. With all that said, not all Isas are created equal, and charges can vary wildly across providers. Platforms can usually be divided into those with flat administration charges, and those that charge a percentage on holdings. So depending on your intention for the Isa, it pays to take care when deciding which provider to go for. For example, if you’re an active buyer and seller, it might be more cost-effective to choose a provider with a flat trading fee, otherwise your savings could be wiped out by hefty dealing charges. Reinvestment fees, transfer charges, and exit fees can also hammer you if you aren’t careful. So make sure you know the Isa inside out before using it as a platform to invest. If you’re trying to decide where is best to house your money, here … [Read more...] about How to choose a provider for your Stocks and Shares Isa
Wars, disasters, economic strife and political instability have been persistent themes over the last three decades and they can affect people’s attitude towards investing. In many cases they make an already tough decision to part with your money and invest even harder, leading some to not invest at all. Behavioural scientists have a name for this: loss aversion. They estimate that the psychological pain of losing is about twice as powerful as the pleasure of gaining, hence why some people shy from the risks involved with investing. Yet as Schroders’ research shows, staying out of the stock market over the last 30 years could have proven costly. The eroding effects of inflation and historically low interest rates would have eaten away at the value of your money if you decided not to invest. While investing in the stock market carries greater risks, such as the possibility of your losing all the money you have invested, and the value of the money you have invested going up … [Read more...] about 29 reasons not to invest in the stock market
Adam Shell USA TODAY Published 3:39 PM EST Dec 6, 2018 Plunging stock prices can even rattle the nerves of a veteran markets reporter who's been covering Wall Street's ups and downs for two decades. But through the years — after watching many nail-biting down days for the Dow and listening to pundits regularly warn of a bear market or big crash — I've come up with ways to fend off the panic of rising paper losses in my 401(k) and taxable fund accounts. Today's Dow drop of nearly 785 points, before clawing back is losses to just 200 points, was another one of those angst-inducing days. Given the recent wild ride that temporarily knocked the broad stock market down about 5 percent this week and nearly 10 percent from its late September peak,, and the accompanying spike in fear, I figured now was a good time to share my personal survival guide. I got my first taste of market mayhem 10 days after joining USA TODAY … [Read more...] about Dow drop: 5 ways to keep calm and stay the course with your finances
On the day, I last returned to my Heimat (homeland) of California this past summer, I headed to the supermarket to stock up on a few supplies. Despite being tired from jet-lag, I quickly loaded my groceries onto the conveyor belt in the German way to which I’d grown accustomed to over the last six years. I held on to my cloth bag I’d brought as I prepared to pack the items and dash out the door. “Have you tried that almond milk before? I’ve heard that brand is really good…” the cashier asked me with a smile, as reverse culture shock set in and I tried to process that I was being spoken to beyond a “hello.” I changed back into chatty California mode, as the patient shoppers behind me seemed unphased that an additional 20 seconds were being deducted from their day. Then, the greatest shock of all, a man at the end of the counter asked if I needed help bagging my groceries. Yes, I was no longer in Germany, I could conclusively confirm. … [Read more...] about Tip of the week: How to survive a German supermarket (Video)