Wednesday, December 23, 2015
Dampier, Effective Investing
The author himself invests primarily in funds rather than in individual stocks. And “when it comes to buying accumulation or income units,” he “generally prefer[s] to opt for the income units.” That way, he always has “some new money coming in” which he can invest where he sees the best value. (p. 94)
Although Dampier warns the reader not to get trapped in his own “personal history and experience” because nothing stays the same in finance, I thought it might be useful to share a table that shows the real returns on investment in various British instruments over four time intervals.