Nischa Shah
Life is complicated… personal finance doesn't have to be. Ex-investment banker turned creator.
Browsing 9 posts
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Life is complicated… personal finance doesn't have to be. Ex-investment banker turned creator.
Browsing 9 posts
Showing 1–9 of 9
Comment GROW or go to my bio to sign up for my free Investing Workshop on Sunday, October 26 Think it’s too late to start investing because you’re in your 50s? It’s not - but what you do next matters most. Disclaimer: Not financial advice. Funds mentioned are popular examples, and all figures are based on historical average returns. #moneytips #financetips #moneytalks #howtoinvest #investing
Key Takeaways
Everyone is telling you to invest but you think it's too late because you're in your 50s. I'm a qualified accountant and a former investment banker and these are the three things you need to know in your 50s. Save this for later. First, you can go to Vanguard, Interactive Investor, Invest Engine, TradingTour2 or one of the other popular investment platforms, open a Stocks and Shares ISA. If you invest via an ISA, you can invest up to £20,000 and your profits are completely tax-free. Second, you want to invest in an All World Index Fund or an S&P 500 fund that has historically given an 8 to 10% average annual return. Here are some of the most popular. This gives you diversification, i.e. safety in numbers. Depending on how close you are to retirement, you also want to remember to hedge your risk with some bonds and gold as well. This is not the time to invest in cryptocurrency, leveraged ETFs or IPOs. This is way too much risk. If you invest $1,000 a month for the next 15 years, instead of having $166,000 in your regular account, you will have 350,000 based on past performance. That is more than double. I'll talk more about this in my upcoming free investing workshop on 26th of October. Comment grow and I'll send you a link to sign up or you can go to the link in my bio to join the waitlist.