19,99 €
Mehr erfahren.
- Herausgeber: John Wiley & Sons
- Kategorie: Ratgeber
- Sprache: Englisch
Upgrade your financial future and stay ahead of the economic curve
This latest UK edition of Investing For Dummies is packed with up-to-date financial insights, covering the newest trends and developments that are reshaping the investment landscape. This comprehensive and beginner-friendly guidebook will help you build a robust investment portfolio in all economies and monitor its ongoing performance, for financial security you can rely upon. Even if you're on a limited budget, you can make smart, informed investment decisions. In this latest edition, investors will find up-to-date tax laws, and the latest trends and developments
- Assess risks and returns as you weigh different investment options
- Learn techniques and tools to make sound choices and achieve your financial goals
- Understand how UK investing differs from investing in other parts of the world
- Equip yourself with tax and regulatory knowledge to boost your profits
Even if you're completely new to investing, this Dummies guide will teach you to build a portfolio that works for you.
Sie lesen das E-Book in den Legimi-Apps auf:
Seitenzahl: 526
Veröffentlichungsjahr: 2025
Ähnliche
Investing For Dummies®
To view this book's Cheat Sheet, simply go to www.dummies.com and search for “Investing For Dummies Cheat Sheet” in the Search box.
Table of Contents
Cover
Table of Contents
Title Page
Copyright
Introduction
About This Book
Foolish Assumptions
Icons Used in This Book
Beyond the Book
Where to Go from Here
Part 1: Getting Started with Investing
Chapter 1: Exploring Your Investment Choices
Getting Started with Investing
Building Wealth with Ownership Investments
Generating Income from Lending Investments
Considering Cash Equivalents
Steering Clear of Futures and Options
Mulling Over Precious Metals
Contemplating Currencies and Cryptocurrencies
Counting Out Collectibles
Chapter 2: Weighing Risks and Returns
Evaluating Risks
Analysing Returns
Considering Your Goals
Chapter 3: Getting Your Financial House in Order
Establishing an Emergency Reserve
Evaluating Your Debts
Establishing Your Financial Goals
Funding Your Retirement Accounts
ISAs for Everything
Taming Your Taxes in Non-Retirement Accounts
Choosing the Right Investment Mix
Treading Carefully When Investing for Protecting Your Assets
Part 2: Stocks and Bonds
Chapter 4: The Workings of Stock and Bond Markets
Seeing How Companies Raise Money through the Financial Markets
Understanding Financial Markets and Economics
Understanding the British Conundrum
Chapter 5: Building Wealth with Stocks
Taking Stock of How You Make Money
Defining ‘The Market’
Stock-Buying Methods
Exploring the Venerable Alternative: Investment Trusts
Spotting the Right Times to Buy and Sell
Avoiding Problematic Stock-Buying Practices
Using the Keys to Stock Market Success
Chapter 6: Investigating and Purchasing Individual Stocks
Building on Others’ Research
Understanding Annual Reports
Exploring Other Useful Corporate Reports
Getting Ready to Invest in Stocks
The ESG statement
Chapter 7: Exploring Bonds and Other Loan Investments
Banks: Considering the Cost of Feeling Secure
Why Bother with Bonds?
Assessing the Different Types of Bonds
Buying Bonds
Chapter 8: Mastering Unit Trusts and Exchange-Traded Funds
Distinguishing between ‘Traditional’ Unit Trust Funds and Exchange-Traded Funds
Discovering the Benefits of the Best Funds
Reviewing the Keys to Successful Fund Investing
Creating Your Fund Portfolio with Asset Allocation
Discovering the Best Equity Funds
Unveiling the Best Bond Funds
Choosing Balanced and Asset Allocation Funds: The Best Hybrid Funds
Revealing the Best Money Market Funds
Chapter 9: Choosing an Investment Platform
Getting Your Money’s Worth: Investment Platforms and the Big Bang
Investment Platforms: Understanding What They Offer and What They Cost
Selecting an Investment Platform
Considering Online Investment Platforms
Part 3: Growing Wealth with Property
Chapter 10: Investing in a Home
Achieving Your Financial Goals through Home Ownership
Making the Decision to Buy
Deciding How Much to Spend
Finding the Right Property and Location
Chapter 11: Investing in Property
Exploring Property Investment Attractions
Figuring Out Who Should Avoid Property Investing
Examining Simple, Profitable Property Investments
Evaluating Direct Property Investments
Deciding Where and What to Buy
Digging for a Good Deal
Recognizing Inferior Property ‘Investments’
Chapter 12: Property Financing and Deal Making
Financing Your Property Investments
Working with Estate Agents
Closing the Deal
Selling Property
Part 4: The Part of Tens
Chapter 13: Ten Investing Obstacles to Conquer
Trusting Authority
Getting Swept Up by Euphoria
Being Overconfident
Giving Up When Things Look Bleak
Refusing to Accept a Loss
Over-Monitoring Your Investments
Being Unclear about Your Goals
Ignoring Important Financial Problems
Overemphasising Certain Risks
Believing in Gurus
Chapter 14: Ten Things to Weigh When Considering an Investment Sale
Remembering Preferences and Goals
Maintaining Balance in Your Portfolio
Deciding Which Ones Are Keepers
Tuning In to the Tax Consequences
Selling Investments with Hefty Profits
Cutting Your (Securities) Losses
Dealing with Unknown Costs
Recognizing Investment Platform Differences
Finding a Trustworthy Financial Advisor
Sitting on Cash
Chapter 15: Ten Tips for Investing in a Down Stock Market
Don’t Panic
Keep Your Portfolio’s Perspective in Mind
View Major Declines as Sales
Identify Your Portfolio’s Problems
Avoid Growth Stocks If You Get Queasy Easily
Tune Out Negative, Hyped Media
Ignore Large Point Declines but Consider the Percentages
Don’t Believe You Need a Rich Dad to Be a Successful Investor
Understand the Financial Markets
Talk to People Who Care about You
Index
Author Biographies
Connect with Dummies
End User License Agreement
List of Tables
Chapter 2
TABLE 2-1 Largest US Stock Market Declines*
TABLE 2-2 Inflation’s Corrosive Effect on Your Money’s Purchasing Power
Chapter 3
TABLE 3-1 Pensions vs ISAs
TABLE 3-2 The Income Tax Rates for the 2025/26 Tax Year, England, Wales, and Nor...
TABLE 3-3 Additional Rates for Scotland
TABLE 3-4 National Insurance Contribution Rates
TABLE 3-5 CGT Rates As of 30 October 2024
Chapter 4
TABLE 4-1 European Equity Benchmarks
TABLE 4-2 Sector Composition of Various European Equity Benchmarks
Chapter 5
TABLE 5-1 Comparing Investment Trusts to Exchange-Traded Funds (ETFs)
TABLE 5-2 Why You’re Buying Your Own Stocks
TABLE 5-3 Stock Bargains in the Mid-1970s
TABLE 5-4 More Stock Bargains in the Late 1970s and Early 1980s
Chapter 6
TABLE 6-1 International Business Machines (IBM)
Chapter 7
TABLE 7-1 The Merits (Otherwise) of Owning vs Lending
Chapter 8
TABLE 8-1 Asset Allocation for the Long Haul
Chapter 9
TABLE 9-1 Fees for Selected Providers
TABLE 9-2 Overall Rankings of Providers
List of Illustrations
Chapter 2
FIGURE 2-1: The odds of making or losing money in the US markets in a single ye...
FIGURE 2-2: The longer you hold stocks, the more likely you are to make money.
FIGURE 2-3: A historical view of bond performance. Inflation has eroded bond re...
FIGURE 2-4: History shows that stocks have been a consistent long-term winner.
FIGURE 2-5: Plenty of investing opportunities exist outside the United States a...
Chapter 4
FIGURE 4-1: Various equity market returns including the US And UK since 1984.
FIGURE 4-2: Various stock market returns since 2008 and the GFC.
FIGURE 4-3: Various stock market returns since 2020.
FIGURE 4-4: Year by year returns for key US equity benchmarks.
Chapter 10
FIGURE 10-1: Because of inflation, renting is generally more costly in the long...
Chapter 11
FIGURE 11-1: Monthly rental-property financial statement (page 1 of 3).
FIGURE 11-2: Monthly rental-property financial statement (page 2 of 3).
FIGURE 11-3: Monthly rental-property financial statement (page 3 of 3).
Guide
Cover
Table of Contents
Title Page
Copyright
Begin Reading
Index
Author Biographies
Pages
i
ii
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
185
186
187
188
189
190
191
192
193
194
195
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
267
268
269
270
271
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
Investing For Dummies®
Published by: John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, www.wiley.com
Copyright © 2025 by John Wiley & Sons, Inc. All rights reserved, including rights for text and data mining and training of artificial technologies or similar technologies.
Media and software compilation copyright © 2025 by John Wiley & Sons, Inc. All rights reserved, including rights for text and data mining and training of artificial technologies or similar technologies.
Published simultaneously in Canada
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the Publisher. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions.
Trademarks: Wiley, For Dummies, the Dummies Man logo, Dummies.com, Making Everything Easier, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and may not be used without written permission. All other trademarks are the property of their respective owners. John Wiley & Sons, Inc. is not associated with any product or vendor mentioned in this book.
LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: THE PUBLISHER AND THE AUTHOR MAKE NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF THE CONTENTS OF THIS WORK AND SPECIFICALLY DISCLAIM ALL WARRANTIES, INCLUDING WITHOUT LIMITATION WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. NO WARRANTY MAY BE CREATED OR EXTENDED BY SALES OR PROMOTIONAL MATERIALS. THE ADVICE AND STRATEGIES CONTAINED HEREIN MAY NOT BE SUITABLE FOR EVERY SITUATION. THIS WORK IS SOLD WITH THE UNDERSTANDING THAT THE PUBLISHER IS NOT ENGAGED IN RENDERING LEGAL, ACCOUNTING, OR OTHER PROFESSIONAL SERVICES. IF PROFESSIONAL ASSISTANCE IS REQUIRED, THE SERVICES OF A COMPETENT PROFESSIONAL PERSON SHOULD BE SOUGHT. NEITHER THE PUBLISHER NOR THE AUTHOR SHALL BE LIABLE FOR DAMAGES ARISING HEREFROM. THE FACT THAT AN ORGANIZATION OR WEBSITE IS REFERRED TO IN THIS WORK AS A CITATION AND/OR A POTENTIAL SOURCE OF FURTHER INFORMATION DOES NOT MEAN THAT THE AUTHOR OR THE PUBLISHER ENDORSES THE INFORMATION THE ORGANIZATION OR WEBSITE MAY PROVIDE OR RECOMMENDATIONS IT MAY MAKE. FURTHER, READERS SHOULD BE AWARE THAT INTERNET WEBSITES LISTED IN THIS WORK MAY HAVE CHANGED OR DISAPPEARED BETWEEN WHEN THIS WORK WAS WRITTEN AND WHEN IT IS READ.
For general information on our other products and services, please contact our Customer Care Department within the U.S. at 877-762-2974, outside the U.S. at 317-572-3993, or fax 317-572-4002. For technical support, please visit https://hub.wiley.com/community/support/dummies.
Wiley publishes in a variety of print and electronic formats and by print-on-demand. Some material included with standard print versions of this book may not be included in e-books or in print-on-demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at http://booksupport.wiley.com. For more information about Wiley products, visit www.wiley.com.
Library of Congress Control Number: 2025939646
ISBN 978-1-394-35115-2 (pbk); ISBN 978-1-394-35116-9 (epub); ISBN 978-1-394-35117-6 (epdf)
Introduction
With each new edition of this investing guide, the core investment philosophy discussed in this book has stood the test of time and changing market forces.
During the financial crisis of 2008, things got scary. Large Wall Street firms were going under, stock prices were plummeting, and layoffs and unemployment rates were soaring. And all this was happening in the midst of the 2008 US presidential election. Talk of another Great Depression (Great Slump in the UK) was in the air. Housing prices were dropping sharply in most communities, and more and more properties were ending up in foreclosure.
Investing didn’t seem so fun anymore. However, even though the downturn was the worst in decades, it had similarities to prior downturns, and people who kept their sense of perspective and followed the advice in this book have enjoyed tremendous returns since the market bottom.
Fast-forward to 2020. Stock prices continued to rise to new highs despite periodic setbacks. And then the coronavirus upset the good times and quickly reminded us that investing involves risks and sharp price declines, often when least expected. Stocks surged to new highs in 2024 despite concerns of higher inflation in recent years.
Everyone can increase their wealth by doing the following:
Living within their means and systematically saving and investing money, ideally in a tax-favoured manner
Buying and holding a globally diversified portfolio of stocks
Investing in property
This book explains each of these wealth boosters in detail. Equally as important, if not more so, however, is the information we provide to help you understand and choose investments that are compatible with your personal and financial goals.
About This Book
The best investment vehicles for building wealth — stocks and property — haven’t changed. But you still need money to play in the investment world. Like the first edition of Investing For Dummies, the 10th edition of this international bestseller includes complete coverage of these wealth-building investments as well as other investments. Among the biggest changes in this edition:
The data and examples in this book have been updated to provide you with the latest insights and analyses.
Having trouble comprehending whether the Federal Reserve or Bank of England’s interest rate policy and stubborn inflation will impact the stock market? Worried about what impact the election will have on the economy and financial markets? Confused with the increasing array of pension account savings options? Curious how current and potential future tax laws may impact your investment strategies? Wondering why people are talking about cryptocurrencies like Bitcoin, Ethereum, and Solana, and crypto ETFs, and whether you should invest? Contemplating using an online broker that is advertising “free” trading? Weighing whether and where to invest in property given current market conditions? Wondering what the best ways are to invest globally? Having trouble making sense of various economic indicators and what they mean to your investment strategy? You can find the answers to these questions and many more in this edition.
With the tremendous growth in websites, software, apps, publications, media outlets, and other sources of investing advice and information, you’re probably overwhelmed in choosing among the numerous investing research tools and resources. Equally problematic is figuring out who you can trust — and who to ignore. So many pundits and prognosticators claim excellent track records for their past predictions, but who, really, can you believe? This book explains how to evaluate the quality of current investment tools and resources, and provides some lists of proven, quality resources.
To build wealth, you don’t need a fancy graduate-school degree, and you don’t need a rich dad (or mum), biological or adopted! What you do need is a desire to read and practice the many simple yet powerful lessons and strategies in this book.
Seriously, investing intelligently isn’t rocket science. By all means, if you’re dealing with a complicated, atypical issue, get quality professional help. If you do decide to hire someone, you’ll be much better prepared if you educate yourself. Doing so can also help you focus your questions and assess that person’s competence.
Foolish Assumptions
Every book is written with a certain reader in mind, and this book is no different. Here are some assumptions made about you:
You may have some investments, but you’re looking to develop a full-scale investment plan.
You’d like to strengthen your portfolio.
You want to evaluate your investment advisor’s or broker’s advice or other investment ideas.
You have a company-sponsored investment plan, like a 401(k), and you’re looking to make some decisions or roll it over into a new plan.
If one or more of these descriptions sound familiar, you’ve come to the right place.
Icons Used in This Book
Throughout this book, icons help guide you through the maze of suggestions, solutions, and cautions. The following icons make your journey through investment strategies smoother.
If you see this icon, we’re pointing out companies, products, services, and resources that have proved to be exceptional over the years. These are resources that we would or do use personally or would recommend to our friends and family.
This icon is used to highlight an issue that requires more detective work on your part. Don’t worry, though; we prepare you for your work so you don’t have to start out as a novice gumshoe.
The name says it all, but this icon indicates something really, really important — don’t you forget it!
Skip it or read it; the choice is yours. You’ll fill your head with more stuff that may prove valuable as you expand your investing know-how, but you risk overdosing on stuff that you may not need right away.
This icon denotes strategies that can enable you to build wealth faster and leap over tall obstacles in a single bound.
This icon indicates treacherous territory that has made mincemeat out of lesser mortals who have come before you. Skip this point at your own peril.
Beyond the Book
In addition to the material in the print or e-book you’re reading right now, this product comes with a free access-anywhere Cheat Sheet that can set you on the path to successful investing. To get this Cheat Sheet, simply go to www.dummies.com and search for “Investing For Dummies Cheat Sheet” in the Search box.
Where to Go from Here
If you have the time and desire, we encourage you to read this book in its entirety. It provides you with a detailed picture of how to maximise your returns while minimising your risks through wealth-building investments. But you don’t have to read this book cover to cover. If you have a specific question or two that you want to focus on today, or if you want to find some additional information tomorrow, that’s not a problem. Investing For Dummies, 10th Edition, makes it easy to find answers to specific questions. Just turn to the table of contents or the index to locate the information you need. You can get in and get out, just like that.
Part 1
Getting Started with Investing
IN THIS PART …
Become familiar with the different types of investments you have to choose from, including stocks, bonds, property, and funds.
Deepen your understanding of risks and returns so you can make informed investing decisions and react to changes in the market.
Make wise investing decisions that fit with your overall financial situation and goals.
Chapter 2
Weighing Risks and Returns
IN THIS CHAPTER
Surveying different types of risks
Reducing risk while earning decent returns
Figuring out expected returns for different investments
Determining how much you need your investments to return
A woman passes up eating a hamburger at a picnic because she heard that she could contract a deadly E. coli infection from eating improperly cooked meat. The next week, that same woman hops in the passenger seat of her friend’s old-model car that lacks airbags.
Risk is in the eye of the beholder. Many people base their perception of risk, in large part, on their experiences and what they’ve been exposed to. In doing so, they sometimes fret about relatively small risks while overlooking much larger risks at other times.
Sure, a risk of an E. coli
