Foolish Advice (12th Nov. 2014)?

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Nov 122014

Interesting Article (Harvey Jones: Motley Fool)

This article, by Harvey Jones (Motley Fool), struck a chord with me as it shows the effect of compound interest applied to fees paid to advisors. Something that, if you’ve read my book “Picking Winning Shares”, you will recall I mention in some detail.

I’ve abstracted part of the article below…

If you’re investing for your future, it’s vital to get off to a strong start. But if you take independent financial advice before deciding where to put your money, you have to accept you’re starting with a handicap. New figures out this week show that the average independent financial adviser charges £150 an hour.

  • Somebody seeking advice on a £200 monthly pension contribution pays £500.
  • And if they wanted advice on investing a £50,000 inheritance, that would rise to a whopping £1,500.

Unbiased? Moi?
The new figures are courtesy of ‘find an adviser’ site, which helps people find three named advisers in their area. If you don’t have the competence or confidence to manage your own money, by all means, take advice. But first, understand exactly how much it will ultimately cost you.

Say you are investing your full £15,000 ISA allowance for this year. If your money grows at an average annual rate of 6%, it would be worth £86,150 after 30 years.

Now let’s say you pay your adviser a £500 fee, and therefore only invest £14,500. After 30 years, your money would be worth just £83,280.

So that initial £500 fee will ultimately cost you £2,870.

If you’re interested in DIY-Investing, then read the full article HERE.

The Rise of the DIY-Investor

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Jun 302014

The Rise of the DIY-Investor (Video), 30th June 2014

This video, called “The rise of the DIY-Investor”,  is worth watching but I find it interesting that it doesn’t mention investing directly in shares…


Let us now what you think, using the Contact Us Form.

Mick (30th June 2014)

Aug 162013

Do You Want to Become a DIY-Investor in 5 Minutes?

Well, that’s all it takes to sign up to! Here you’ll find a growing community of independently minded people who want to take charge of their own financial futures by investing for themselves.

Our free membership provides a monthly newsletter and bi-monthly free webinars. The next one of these takes place on Tuesday 27th August 2013 and you can register free HERE! Go on take the first step – we guarantee it will take less than 5 minutes!


Jan 172013

Free Capital (Author: Guy Thomas, ISBN: 978-1906659745)

Free Capital - Front CoverFree Capital: How 12 private investors made millions in the stock market

Free Capital by Guy Thomas is an inspirational book, first published in 2011, that is set to become a must have for DIY-Investors. It features the stories of 12 individual investors who have each accumulated more than £1m through their DIY Investing. One notable factor is the variety of different investing styles that they have pursued to achieve their success – making it suitable for all DIY-Investors.

Free Capital is also available as an eBook for Kindle