Joined in 2023 
82 
63 About this deal
If you are to have any chance of making a real return on your money, you need to invest in things that have a chance of outperforming inflation.
However, reading ‘How to Own the World’ last year changed all that. It gave me the inspiration I needed to take control and start managing my own long term investment strategy. The book value is simply the value of all the assets a business owns, as added up by their accountants, and it is yet another way we can compare the value of one share to another.
The Premise
For example, during the financial crisis, UK equities on average lost around 40% of their value at their lowest point. However, Gold, which is seen by many investors as a safe haven, grew in value in 2009 by 25% and another 30% the year after. In the long run, it is much easier to own a mixture of assets so that you have a better chance of owning something that goes up when another type of asset crashes. If at all possible you should aim for at least 10 percent, of your salary after tax is automatically paid into your investment pot every month.
One of the ways of getting exposure to overseas and/or commercial property is through owning a fund, and this may be worth considering. Tunnel vision and speculation. Many finance professionals fail to see the bigger picture across asset classes. This is driven by the degree of specialisation (often career-long) among finance professionals.
How to Own The World’s Fundamental Truths
The earnings yield of a share is easily calculated by simply dividing 1 by the P/E ratio and multiplying it by 100 to get the percentage. Andrew Craig's book is the perfect antidote to most of the overly simplistic (but highly rated) "level-1" books which dominate the personal finance space. It's clear that the author has a keen interest in not just personal finance, but economics and is sympathetic to the principles of the Austrian school (even if he does quote JM Keynes). Craig sets out his proposed roadmap to achieve this: an investment approach that seeks to “own the world” and to “own inflation”. Key Idea #1: Why you should invest and why you can outperform professionals. Resources to get investing ideas: Money Week magazine, Money morning, Agora financial, Stansberry research, [ https://www.iwillteachyoutoberich.com/], The ascent of money book
If the only investment you have in your life is property, then you are missing out on substantial opportunities to grow your money – and your financial situation is fundamentally unbalanced.” The main reason for this is that the vast majority of us are not financially literate (and why would we be, it’s not like we’re taught personal finance at school) and therefore don’t take a hand in trying to improve our future prospects as we fear what we don’t know.I’ve had company pensions and savings which should ensure that my wife and I are relatively comfortable in retirement, but until recently, I wasn’t managing that process myself. Instead, preferring to pay high fees for the privilege of someone managing it for me. There are lot of things you can invest in: bonds, real estate, equity, shares, commodities, currency (foreign exchange), and funds. The right mix of all or most provide the greatest chance of success.
Great Deal 
New Comment