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Getting Started

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Investing Basics – Risk! The Money Mummy Guide To Investing – Part 2

Investing involves risk.  Each of us is unique, and understanding how much risk you can tolerate is fundamental to shaping your own investment strategy.  During the Global Financial Crisis, so many people forgot about or did not understand their own unique risk tolerance to their peril.  This is how we ended up with the travesty of Storm Financial convincing retirees, with no income, to borrow against their homes and invest into high risk investments on the stock market.  Different investments have different risk characteristics.  Understanding your risk tolerance, will help to decide which investments have the right fit for you.

So what is risk?  I define risk, in the investment sense, as the likelihood of losing money.  Be warned, strangely enough, many in my industry do not see it that way.  Fund Managers, people who invest your money in a range of investments on your behalf, often see risk as the risk of […]

By |April 24th, 2013|Investing Basics, Risk|2 Comments

The Birthday Present

On June 18th last year it was my birthday, a day like pretty much any other.  My husband and I dropped our beloved daughter, Miss Money at childcare and I went off to work.  About mid-morning, I passed a team mate in the photo copy room and we had a quick chat when he confided in me that he was scared that he was going to be made redundant.  I told him that if anyone in the group was going to be made redundant it was going to be me.  I returned to my desk to finish my research report and not more than half an hour later it happened to me!  My boss pulled me into a room and that was it.  I was told it wasn’t anything to do with my performance, it was cost cutting and there would be several of us who would be going.

For me […]

By |March 5th, 2013|The beginning|0 Comments