Thursday 28 April 2011
Level 2 of the DIY Income Investor Income Pyramid. Keeping an 'emergency fund' available to deal with unexpected large expenditure items is good planning - but you want to make sure that the money is working hard and generating as much income as possible. Keeping this 'easy access' account allows you to tie up any further spare cash in a deposit account with - hopefully - an even higher rate of interest (Level 3).
Tuesday 26 April 2011
how the new UK student loan was more like a student tax. I have now added a spreadsheet that shows how much students will have to repay. It makes for scary reading!
Wednesday 20 April 2011
Wednesday 13 April 2011
- Exchange Traded Funds (ETF) tracking government or corporate bonds : Level 4 of the Income Pyramid
- Directly-held government bonds: Level 5
- Directly-held corporate bonds: Level 7
Monday 11 April 2011
Level 6 of the DIY Income Investor Income Pyramid consists of high-yield shares in a High Yield Portfolio (HYP). For more experienced investors this will be a key tool in hopefully gaining income and capital growth.
Today we'll look in more detail at how to identify a suitable HYP share in 5 easy steps.
Monday 4 April 2011
Also, recent changes to the student loans arrangements have been made - but these result in more of a student tax than a student loan.
Would it be possible to use a Junior ISAs to save for university costs?
A fundamental part of the DIY Income Investor approach is to constantly re-appraise (and hopefully reduce) your living costs. This process helps to generate more speed on the Money Snowball - that almost magical process that probably has to be experienced to be fully understood.