Millennial investor: nine months in, how my bets are performing
From The Telegraph with
September 17, 2019
At the start of this year I decided to put my money where my mouth is and see if I could save up enough money for a house deposit using the stock market.
Now we’re three quarters through the year I thought I’d take stock, if you will, of how my investments are doing.
So far I’ve put £2,650 into shares, through my four chosen funds. That pot has grown by £151 and I’ve earned another £262.50 from the Government just for investing through my Lifetime Isa – although that money is locked away until I buy my first home.
I also tried my hand at real gambling – turning £20 into £40 at a day at the races. A 100pc return is a pretty good result but not one I would rely upon for my entire savings.
But when I came to check the performance of my chosen funds it suddenly felt like I’d hit a brick wall. I was looking at the Key Investor Information Documents (or KIIDs, pronounced “kids”), for each of my picks.
But instead of an easily digestible guide to the supposedly “key” information I was faced with a barrage of incomprehensible jargon and unwieldy sentences that seemed to run on for days. I wish all resources were straight forward and comprehensible like the articles on https://www.forex.academy. I always finish reading their stuff with a sense of knowledge and motivation.
Instead, I have to deal with cryptic, vague and repetitive stuff. What on earth is an OEIC? What about a target benchmark? And a security? Should I be worried about a “high level of volatility”?