I can take that on board about the tracker, but if the FTSE stagnates, the rest might as well. My dad got me into all this stuff but didn't explain it very well at the start so I have been learning as I go.
He got stuffed by a bloke who invested a load of money in Japan many years ago, just before it headed south and they lost the lot. He decided to learn what he needed, spread the money around and make his own decisions rather than relying on someone else (apart from fund managers !). Get rich slowly was his favourite and at first this was annoying but after 10 years it turns out he was right.
Of course I wouldn't love it if there was a crash and they halved but they got a good kicking in 01/02 and have regained most of that. Point is, if you look at blocks of time, over the longer term shares have always done better. I have money in my house, in the bank, some pensions etc as well to spread it around but houses can crash also !
I have a few individual shares - the result of privatisations etc, these have done ok but I wouldn't even think of trying to guess markets on individual shares.
Like gamblers, investors can't wait to tell you about the winners - witness the technology boom, everyone bragging about values. When it crashed, no-one wanted to tell you about their losses !
Use money you defo want to invest but keep plenty stashed for a rainy day.
He got stuffed by a bloke who invested a load of money in Japan many years ago, just before it headed south and they lost the lot. He decided to learn what he needed, spread the money around and make his own decisions rather than relying on someone else (apart from fund managers !). Get rich slowly was his favourite and at first this was annoying but after 10 years it turns out he was right.
Of course I wouldn't love it if there was a crash and they halved but they got a good kicking in 01/02 and have regained most of that. Point is, if you look at blocks of time, over the longer term shares have always done better. I have money in my house, in the bank, some pensions etc as well to spread it around but houses can crash also !
I have a few individual shares - the result of privatisations etc, these have done ok but I wouldn't even think of trying to guess markets on individual shares.
Like gamblers, investors can't wait to tell you about the winners - witness the technology boom, everyone bragging about values. When it crashed, no-one wanted to tell you about their losses !
Use money you defo want to invest but keep plenty stashed for a rainy day.
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