TheMotorcycleBoy wrote: JDot wrote:
TheMotorcycleBoy wrote:There's no such thing as a free lunch.
Sorry I shouldn't have fobbed you off like that. What I should have said is that there are loads of articles like that. You have to be very careful in what you read and listen to. I had a very quick at it, and the only thing that was clear to me is that obviously the owners of the site and author have an agenda and that is to make $$$ from the advertising space at the side of the text.
We on TLF used to have a member (called "SentimentRules") here who unfortunately posted far too obsessively and was generally derided by many. Personally I found the derision a little nasty - but anyway people are people aren't they. However, in my opinion he has actually a fairly shrewd guy. A remember there was a post of his, and he was, I can't quite remember, either giving advice or sharing his investment philosophy. Anyway one thing he said which resonated in me, was "Never trust anyone". My take from that is always do you own research and only buy something for which you have a strong conviction. So regards those ETFs - I really know nowt, but presumably your broker/platform provider will have some pukka information on them, or maybe "MorningStar" has likewise. Also I note that on this place we have A Passive Investing board
on which ppl chat about ETFs and other such. My advice would be for you to pick one or two ETFs that you like and perhaps post a well worded topic up there and see if anyone else has additional knowledge.
A couple of other investment idioms which I have picked up from folk here, which you might find interesting, and I'll share, are:
From GoSeigen, I don't remember his exact words but it was essentially "Balance risk and reward". That is, there's no free lunch, or that a strong return will/might imply a high risk. GS said this in the context of these mini-bonds Mel and I had spotted that offered, IDK, 7%-10% annual return. However, after further consideration I realised that there was considerable risk associated, i.e. money tied up for 3-5 years, no FSCS, fly-by-night firm etc. So given the risk 40% return would have been more appropriate!!
From TJH: "the time to buy is now". Now I don't take that as meaning, spend all your money now, but rather the importance of realising that i) the highs and lows of today will even out/disappear over a long enough time frame and ii) timing the market is futile/impossible/stressful.
Anyway, apologies for my earlier flippancy. All I can suggest is that you take time figuring out an investment strategy that suits you, do plenty of research (try to find pukka onlines sites, or at least search for countering arguments when you see something that seems "too good to be true") and if you have specific question (e.g. shares, bonds, ITs, ETS, analysis etc.) try to write a really concise thread and post to the right board on the site. If are stuck on "which board?" then post to the Biscuit Bar
first to ask for posting/board advice.