US Markets have produced more about 10% per annum for over 200 years, and yet so many people are worried about the natural swings and volatility, and therefore miss out on the opportunity to invest,
Throughout these blog posts I have made one argument consistently. In particular I have argued that it is good to have a two-stage process to your financial ambitions. First read some more blog posts and/or the evidence in the reading list.
That will show you the benefits of compounding, diversification, low-costs and how you can turn a middle-class salary into a million or even multi-million USD portfolio.
Anybody reading this who can invest $500-$1,000 a month can become a millionaire, and anybody reading this who can invest $2,500 a month can be worth $10M in inflation-adjusted terms if they are patient enough.
Reading the evidence will also open your eyes to why DIY investors tend to fail. By failing I mean only getting 2%-5% per year when markets have historically gone up by 10%-10.5% per annum. Even highly knowledgable investors fail, due to human nature.
Like a doctor who can’t stop smoking, drinking or overeating, many knowledgable people, who know the facts on investing, can’t resist the urge to speculate, get greedy and/or feel fearful when markets are crashing.
I would estimate from my own experience, and research, that 80%-90% of people fall into this category, and only 10%-20% can be successful DIY investors. Many are self-disciplined for a while, maybe even for 5-10 years, but eventually temptation to speculate is too much, as it is human nature to be egotistical and think you are smarter than others.
My advise would be to be very honest with yourself, and ask other people who know you well, and won’t just tell you whatever you want to hear, their honest opinion about how much self-control you have to be a disciplined investor and good saver.
For others out there, I know you simply don’t have the time, or don’t want to make the time, to invest your own money, so would prefer an advisor to help you set up a low-cost international account.
For those who want, and need help, I can help set up accounts that are:
- Often the accounts can accept money to be transferred from some of the major insurance and financial companies (Generali, AXA, Zurich, Friends Provident, RL360 and so on)
- Highly regulated from places such as the UK and Luxembourg.
- Low account minimums of $30,000 for lump sums, although I may increase that with time, and $200 a month for long-term global retirement accounts.
- Low cost 1% yearly fees
- Accounts are particularly useful for expats who are moving from country to country
- Accounts which can include pension transfers for UK expats, Irish, Belgium and Dutch citizens living overseas
The accounts aren’t for everybody. They aren’t for people who prefer to speculate and take unneeded risks than to actually invest in a low-cost and long-term way.
If you are open-minded about just rationally following the investing evidence, then this option is probably for you.
For you don’t yet feel ready to deal with the markets natural volatility, there are a number of fixed income options out there, which may not produce the 10% historical returns of the US Stock Markets, but do offer 5%-8% at lower volatility.
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