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Tips for beginners from seasoned investors

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Seasoned investors, your wisdom is needed.

If you this isn't your first time at the rodeo - you've been kicked been falling markets before - then your experiences have value to the new kids on the block.

Some are worried, so what would you say to them? Some smell opportunity, so how would you suggest they approach it? Maybe they can learn from what's worked and failed in the past.

New investors, help is at hand.

You may be going stir crazy, working from home and itching to watch what your accounts are doing, but hold back. First, take on board the experiences of people who've been in your shoes before. 

P.S. This isn't financial advice - these aren't professionals. They can't tell you what to invest in, but can give you a feel for how you might want to approach your options. We hope it helps.

 

Investing tips for beginners from golden oldies

Comments

Jezz H
Anyone who experienced both 1975 and Black Monday will think this is just a small hiccup and an opportunity; though time for them is running out to enjoy the recovery!
25/03/2020 13:10:05
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M
Don’t sell. Do not sell! And if you have any money available start investing a little of it every month from now. You are looking at a great buying opportunity. But make sure you have enough income and/or cash to take you through the next 18 months or so.
25/03/2020 13:09:33
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(1)
Keep it simple If you want to avoid looking at what and where to buy/sell in stocks etc. Have a look At the Vanguard Lifestrategy range of funds and choose your risk level. Very highly rated by the analysts. Low costs. If at some point you want to increase or reduce the risk level if simple to switch from one to another.
25/03/2020 13:09:05
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Chris
Read about successful investors and pick up their lifetime advice. Warren Buffitt (and his partner Charlie Munger who is in his 90's) are worthy subjects. So is 'Jack' Bogle of Vanguard fame. He lasted into his 80's (and died only recently), but was a true investment evangelist and even a philanthropist as well!
25/03/2020 13:08:24
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Nigel (1)
To younger investors, don't panic, we've seen this before twice already this century with the dot.com bubble that burst and the financial crisis. Fortunately I don't need to drawdown from my private pension. And biggest investment mistake, leaving all those NatWest/RBS shares bought with buy as you earn and bonuses expecting the share price to go on rising😭 and then not buying when they went to 10p.
25/03/2020 13:07:04
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