He, along with his wife and two teenage daughters, is fortunate to live in the beautiful Exe estuary town of Topsham and is occasionally sighted on his paddleboard. I’ve chosen them because each offers a different perspective on asset allocation that you can customise to suit your personal financial objectives, circumstances, and temperament. They’re very different to each other but both are exceptionally well thought through, respectively for a decumulator in FIRE and for the cautious wealth preserver. After your series on equities, I’m considering moving half of GISG/GIST to commodity funds as my state and small DB pension start paying out. We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the Section 75 guide for protection tips).

Tim Hale - Smarter Investing — MoneySavingExpert Forum Tim Hale - Smarter Investing — MoneySavingExpert Forum

Essentially, you’ve hit your number, won the game, and don’t need to take big risks with your wealth anymore.

Oddly, as Smarter Investing is also printed by FT Publishing, there were several FT ‘guides’ to different aspects of finance (alongside multiple prominent copies of publications by that Rich Dad, Poor Dad fella). History though is littered with nasty decades, in some cases much longer, for equities (or any asset class). Mr H – My approach is to consider 1 years worth of spending cash plus any cash kept as emergency fund separate from portfolio.

Smarter Investing - Pearson

Bogle, Professors Dimson, Marsh, and Staunton, Anthony Bolton, Glen Arnold, Mark Dampier and Jacob Rees-Mogg. Here is a quick description and cover image of book Smarter Investing: Simpler Decisions for Better Results written by Tim Hale which was published in January 1, 2006. What makes Hale's book so persuasive is the fact that the author spent so much of his professional life working in active fund management companies, sort of poacher turned gamekeeper. It largely stems from over-estimating the annual amount we needed to live on; and not fully appreciating the intent of sub-diving this into ‘essential’ and ‘discretionary’ spend.

The message is spot on, but I wouldn't have said it was a book on investing - more a reminder that what most people consider improving themselves is just making themselves poorer by wasting money on consumer goods before they have laid the foundations of financial security. They allow us to recognise and count the number of visitors and to see how visitors move around the site when they are using it. The famed Yale endowment fund manager came up with this portfolio for passive investors in his superb investing book Unconventional Success. Also notice the common portfolio trope of splitting your bond allocation 50/50 between nominal bonds and their index-linked cousins.

Smarter Investing by Tim Hale | Waterstones

Still, the durations of linker funds are very long which will amplify volatility and that may not be comfortable for a retiree who craves stability from their portfolio.Hale mentions the actively managed Fidelity Global Inflation-Linked Bond fund but note, that’s a global fund, and I personally haven’t looked at it. For many, a 100% portfolio (even with 10 year+ time horizon and sufficient risk tolerance) is not correct.