Re: What to top up and HYP strategy going forward
Posted: September 2nd, 2020, 11:51 am
Arborbridge wrote:TopOfDaMornin wrote:Itsallaguess wrote:
One thing the HYP approach gets almost zero credit for, lost as it seems to be amongst the long stream of criticism over the years, is for acting as a stepping stone for many investors towards the more blended approach you've highlighted in your post, and I think that's a great shame really, because for many of us here that's exactly what it's been, and I think many of us are very grateful for that to have happened.
Itsallaguess
Well said. The HYP approach had helped me and others on the road to investing. Even if we now adopt other approaches.
I concur with that. HYP is meant for the unsophisticated investor, and it's a good way to get started - but more particularly a good way to secure an income stream, whilst maintaining capital.
Arb.
However one might suggest that HYP is far more sophisticated than buying ITs, the HYP investor surely has to have a decent understanding of accountancy to review his/her individual share purchases and given the size of statutory accounts needs to have a good idea where to look for the information he or she deems important, if one wants a starting route ought that not maybe be a collection of ITs or a tracker?