From the category archives:

Basics

The State Second Pension -What you need to know

by Adam August 30, 2010 Basics

Even if you don’t save anything for retirement you will most likely retire with a state pension.
But did you know you probably have extra money coming to you in retirement (in addition to the state pension)? Money you don’t even know about?

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The UK State Pension

by Adam August 23, 2010 Basics

The State Pension is a ‘regular payment’ most people get during retirement and although it’s just about enough to eat and keep the lights on, it’s an important piece of the pension puzzle…click through to the blog for the pension learning fun!

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How to Invest Effortlessly (almost)

by Adam June 18, 2010 Basics

One of the reasons I wanted to set up Magical Penny was to evangelise that you too can take advantage of the power of compounding investment returns without having to dedicate hours and hours to researching companies.

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How To Read An Investment Prospectus

by Adam June 14, 2010 Basics

Magical Penny’s second video: How to understand investment prospectuses. Reading investment prospectuses can be really confusing and daunting so this videoexplains what you need to know to seperate the marketing from the facts.

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What is a Unit Trust? Unit Trusts Explained

by Adam June 7, 2010 Basics

Magical Penny begins teaching the nuts and bolts of investing: Whilst unit trusts are great for most people there are several things to look out for if you’re looking to buy your first ever unit trust.

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Understanding Risk

by Adam May 12, 2010 Basics

When it comes to investing the number one rule about risk is this: High Risk does not always mean High Reward, only the potential for a high reward. It also helps to think of ‘risk’ as merely a range of possible values at any point in time.

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Five Reasons Not To Invest In Single Shares

by Adam May 5, 2010 Basics

When you think of investing, what do you think of? Do you think of buying and selling individual shares? Is it overwhelming and do you find yourself thinking “Who has time to watch every minute of the news to see if new developments will affect share prices?”
The good thing is investing doesn’t have to be this way despite being *exactly* what most people think of when they hear the word.

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Five ways to make your budget work

by Adam May 3, 2010 Basics

‘Budgets’ are like home-exercise machines. They sound great, and just having one around make you feel better at first, but then ‘life’ comes along and it sits in the corner gathering dust.
However if you want a growing pile of pennies, you really should dust off that budget and try again.
Here’s five ways to make sure it works this time.

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Why Do Not Need an Investment Advisor

by Adam April 30, 2010 Basics

Traditionally, there was a solution to the dizzyingly array of investment choice: An investment advisor. A investment advisor can help you to make the best investment choice, make sure you are considering the implications of investing like taxes, risk, and asset allocation.
However you probably don’t need one.

Here’s 4 and half reasons why:

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What’s the Best Investing Style for Me?

by Adam April 28, 2010 Basics

Over the long term ‘buy and hold’ has allowed people to grow their pennies considerably with many studies demonstrating that it beats the performance of many committed investors (who can make mistakes or get greedy), whilst avoiding having to make frequent and costly trades, or reading company reports. Read what this all means for what *you* should do to grow your pennies.

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