It really makes me wonder about investing my savings into my tracker fund when I saw that. I'm in the UK, and my guess is, due to very tight correlation between the markets we did the same sort of performance.
So long term, market beating, savings beating growth, is not assured. Especially not in "developed" countries. If you think the GDPs of Western countries is going to start increasing (significantly) any time soon, please explain why!
So if it isn't assured, I've been looking into index tracked funds in other markets, particularly APAC. Not sure if it's a great idea, but probably better than a UK indexed fund. I figure it's probably worth a try.
It's totally about when you put in. My parents are still down on a couple of their funds from 1999 ish. Break even happened just recently for them. They'd have been better off with that cash in a long term cash bond.
Why are there so many angel investors right now? Because only high-tech is offering any appreciable growth in the USA.
Having just scanned the rest of this thread. My future plans:
* max out the company pension scheme in terms of contributions.
* continue to max out the UK tax free savings & investment schemes. It's only £10k ish a year but it starts adding up pretty quick.
* Currently almost half my cash savings are not in the UK, as interest rates here now are poor. I am considering an additional offshore savings account in an interesting APAC country. Maybe Singapore, as many rich people in APAC do their banking there.
* property - I expect I will look into forming a Ltd company as a holding company, where any income is heavily re-invested. This will probably be seeded with a small inheritance, or my cash savings if I don't burn through them when I get my business off the ground
* Yes, I will be investing in myself. One month in to 2011, progress is slow, but I will have a spare time business running by the end of the year.
It really makes me wonder about investing my savings into my tracker fund when I saw that. I'm in the UK, and my guess is, due to very tight correlation between the markets we did the same sort of performance.
So long term, market beating, savings beating growth, is not assured. Especially not in "developed" countries. If you think the GDPs of Western countries is going to start increasing (significantly) any time soon, please explain why!
So if it isn't assured, I've been looking into index tracked funds in other markets, particularly APAC. Not sure if it's a great idea, but probably better than a UK indexed fund. I figure it's probably worth a try.
It's totally about when you put in. My parents are still down on a couple of their funds from 1999 ish. Break even happened just recently for them. They'd have been better off with that cash in a long term cash bond.
Why are there so many angel investors right now? Because only high-tech is offering any appreciable growth in the USA.