Tuesday, 2 June 2015

DIY Simple Investing - My New Book!!

It is a little over a year since my last book ‘DIY Income’ was published. For the past few months I have been working on a new book “DIY Simple Investing” which I self-published today on Amazon Kindle.

It was probably prompted by friends and family, some of whom find the area of investing such as pensions and stocks & shares confusing. My aim therefore was to write a book they could understand and relate to combined with an investment strategy they could easily implement.

It is therefore a practical guide to those people who are looking for a low cost, easy to understand, simple investment strategy. The best I could come up with was to use the Vanguard Lifestrategy index funds as the basis for this all-in-one solution.

For those who are seasoned stockmarket investors, its easy to overlook how confusing and difficult it can seem to those would-be investors looking at such things as investment trusts, bonds and ETFs - not to mention TER or is it OCF?

The introduction of the Retail Distribution Review last year will mean fewer but possibly better qualified advisers who will probably be targeting those who can more easily afford their fees. Meanwhile, those with more modest savings of a few thousand will be increasingly left to fend for themselves and this could be the choice between DIY or nothing.

There will be many who take a decision to live for today and let tomorrow take care of itself - it’s a free country so good luck to them. For those who DO wish to save for the future, for a more comfortable retirement, for their children's education, I do not think mere lack of adequate financial resources to pay for an adviser should be a barrier - likewise, I do not think lack of financial education should be a barrier.

This book is for these people who, with a little guidance and a few well directed pointers, can achieve a decent outcome from their self directed investing efforts.

I hope some of you can help spread the word - please click on the twitter/facebook button below this article to share on social media.

Many thanks.

Update 6th June - A big thank you to The Investor at Monevator for making it 'Book of the Week' in the weekend round-up!

4 comments:

  1. Good luck with that DIY. I've shared the link. :-)

    Ordinary people, with average incomes and the will to do the best they can with what they have, need all the straightforward help and advice they can get.

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    1. Many thanks Cerridwen - much appreciated.

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  2. Good luck with the book - sounds like it will be very useful to new investors and like you say, the Vanguard Lifestrategy Funds do not get as much publicity as they should do and seem to get hidden away unless you know where to look for them and invest in them!

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    1. Thanks weenie - the one place they do get a good shout is the moneysavingexpert forum saving/investing board which I think is very popular. Other than that, I do not see much mention but they have not been around too long so maybe they will become more popular with time. When it comes to simplicity, I think they are hard to beat!

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