The market rise has been a surprise. I only put it at 40% likely back in March. But it happened. And boy am I glad I therefore allowed for the 40% and had a full portfolio (see previous articles) loaded with leveraged Amazon, Alphabet, Microsoft, Facebook and Apple.
Some slight dips as ever expected, but upwards seems the norm. Dow: I suspect some profit taking is due. No rocket science needed to work that out. BUT, I would not stay out of the market for my 12 month holdings because we could keep rising.
As you know I have a mission to educate people on the benefits of saving and investing. To get their money working for them instead of just them working for money. We need to know these things because we are an ageing population, because financially we are being left behind those who do know. I want Apple employees to be working for me, which is what they are doing when I won Apple shares.
Top Worst Excuses Why People Don’t Invest:
But which Stocks? I don’t Know
Read this column. Start with Microsoft. One Share. About £180. Done. We will worry about other stocks later. Baby steps.
I Don’t Know How
Seriously? You can shop online, but you don’t know how you open an account with a broker, wire money, and buy a stock? That’s it, I just told you how.
I am too busy
Really? Too busy to pull out your phone and click an app and then the word Apple and the amount, say £500, and send? But you’re not too busy to go on Twitter and Facebook and WhatsApp a hundred times a day?
But American Stocks? How Do I Do That?
Same way as UK ones.
But which broker?
Any UK regulated one like Barclays Stockbrokers. Come one, stop with the whining and the excuses
My money is in my pension and ISA
Simple. Your new broker eg Hargreaves or AJ Bell can move it to their online website
Can I give it to a fund manager to do it for me?
What, are you some kind of baby? Stop it. They will pick rubbish, and then charge you a fortune. Don’t believe me – Google ‘Neil Woodford’.
Will you do it for me?
No. But my free course shows you if you really need hand holding. www.investing-champions.com
