A simple approach to successful personal investing with the goal of generating a growing income from a portfolio including cash savings, shares, corporate bonds and government-backed investments, using online savings and brokerage accounts and shielding your investments from tax wherever possible.
Your actions are a result of your thoughts - and I think a DIY Income
Investor needs to be a thoughtful (and patient) type of investor.
Let me tell you a little about what has
formed my own DIY Income Investing thought processes.
For me, there is always something magical about interest on savings. You don't do anything more than give a bank a wad of cash (usually electronically, in my case); it goes quiet for a while and then out trickles some interest, which together with other rivulets of cash feeds a growing river of income. (At least that is the theory.)
But, as in the film Neverending Story the approaching wave of darkness - The Nothing - threatens to destroy this magical world of interest...
The DIY Income Investor portfolio is limited to securities quoted in Pounds Sterling on the London Stock Exchange - and I don't recommend currency speculation, unless you really know what you are doing.
However, most of the companies and banks that are quoted on the FTSE are participants - to a lesser or greater extent - in the worldwide economy. And the main engine of that world economy is the US.
But is it possible that the US is already bankrupt - a dead man walking?