Good advice with practical plans for UK investors I read this alongside 2 more American books on constructing ETF based portfolios using factor tilts, “Reducing the risk of black swans” and “Your complete guide to Factor-Based Investing”. I recommend reading both those books as well, as Tim’s “Smarter Investing” 3rd edition could do with an update to incorporate the latest investment portfolio research explained in those books. However the latter aren’t so good if you want advice to construct a practical investment portfolio built in the UK…
The first half (or so) of the book is worth … The first half (or so) of the book is worth reading as an argument to invest in tracker funds, something I have done myself, rather than follow actively managed funds by the myriad of firms out there. Unfortunately the author starts to create various models which become somewhat academic and far from a basic down to earth set of recommendations to follow. So essentially it helps support the idea of the benefits to tracker funds but, in my view, stops short of providing a template to follow.
I think every financially sensible should give this a read A great book on the benefits of what is known as investing by passive rather than active means (I.e. Investing without fewer costs, and less dependence on whomever manages your investment). The author tells that most know little of this method of investing, and he also makes an evidence based case for why you should go about this route; he truly seems to have the reader’s best interests in mind, when the same might can’t be said for others where their conflicts of interest intervene (certain…
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