Sunday, 24 November 2013

Free 'Starter' DIY Investing Guide from TD Direct Investing


For any new DIY investors out there - here is a bit of free reading for you.
 
The guide is aimed at new DIY investors (although more seasoned veterans might like to take a look) and can be downloaded here.
 
Apart from having a brokerage account with TD Direct (which I am pleased with) I have no connection with them - I just think their guide is objective and clearly written - well done them!


I am not a financial adviser and the information provided does not constitute financial advice. You should always do your own research on top of what you learn here to ensure that it's right for your specific circumstances.

4 comments:

  1. A fair guide it is for the absolute novice. But not speaks very much in generalities, describing criteria for choosing a strategy rather than what to do. A broker cannot do more:- they cannot give investment advice that is specific.

    I can do it in less space "Go to SIPPdeal for a SIPP/ISA/Dealing account. If the transfer value is reasonable, move your small work pensions into it. If you contribute yourself don't forget to get tax relief on the contributions. , Invest mostly in low cost trackers e.g. Vanguard plus corporate bonds. Sit back...and look at message boards like this one, TMF, Bogleheads, FixedIncomeInvestor for inspiration" There you are, applicable to most, specific and much shorter.

    Back to the TDDirect guide, it is festooned with irriitating stock photos of average but attractive-and-prosperous investors. My wife was reading the Guardian and I swear the same couple were in a stock photo of an article about marital disharmony, except the pose was different.

    Anyways, I too have an account with TDDirectInvesting. Great global market access (None of my other brokerage accounts allow me to trade on the US and Australian markets directly, which I need as I have holdings on the ASX). I acquired the account by a tortuous route from when it used to be Datek during the dot com boom, a bit like how I opened an account with the Girobank that then became Alliance&Leicester, Abbey National, and is now Santander. Ghastly user interface though, very poor at displaying and tracking holdings. Sippdeal is much better, and I will say is my recommendation for a simple low cost single place for ISA & SIPP dealing accounts.



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  2. Hiring a financial advisor is best for such purposes because they will be able to provide sound financial advice on financial products that you specifically wish to know about. This helps you in devising customized investment plans. Moreover, they will advise if such an investment is worth the money spent or not. A good advisor can and will influence and even change your behavior. A good advisor can help you figure out what is true and what isn’t, what works, what matters, what is useful, and what can go wrong.

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    1. Hj Sienna

      Yes, a good advisor could be an asset - but they won't do it for nothing. By all means pick their brains - then learn how to DIY!

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  3. It's always good to have access to free investing resources, especially if you're going DIY. It can be hard to keep up with the changes or big players in a new sector you're looking to invest in, if you want to focus on dividends after spending a lot of time learning about commodities, it can get intimidating. Always good to have more reading material!

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