How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The new edition of the life-changing personal finance bestseller

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Two amazing investment facts and two crucial investment themes. The power of compound interest and improved access to financial products leave few excuses to start this journey.

Given the general commodity exposure you will have by virtue of owning the world, Craig firmly believes that the best assets for you to buy to gain additional exposure to commodities—and therefore to “own inflation”—are precious metals. Wikipedia describes a “commodity” as, “A good for which there is demand but which is supplied without qualitative differentiation across a market.” I’ve had company pensions and savings which should ensure that my wife and I are relatively comfortable in retirement, but until recently, I wasn’t managing that process myself. Instead, preferring to pay high fees for the privilege of someone managing it for me. A fascinating thing to be aware of is that it is entirely possible for some shares to be trading at less than book value.To make decent forward progress with your finances, you will obviously need to use various types of financial account (ISAs, pensions and so on). Many people in the UK and USA have almost all their wealth in property—and in the long run, this is inadvisable. We’ve now completed the “education” and “call to action” parts of Andrew’s book. Today we being to look at what you need to do.

I read this book in just a few days, and it was pretty darn good. I've read a few books on investment and I would say if you can only read a couple of books on the subject get this and Naked Trader as the best foundation to start investing for yours and your families future. Although not a newbie myself I really liked the entire book and really appreciated the opportunity to refresh my knowledge on certain topics whiles enhancing it on others. The only caveat is that this is mostly tuned to the UK market which means that while the the concepts are the same worldwide the products available may differ. As Andrew points out, you could also increase the number of funds by adding thematic and sector funds (tech & biotech, pharma etc). A well-researched book that is nigh-on impossible to rationally argue against. I'd call it essential reading for anybody who wants to ensure as solid a future as possible.The older you are, the more of your wealth you should hold in bonds and cash—and the younger you are, the more in shares (equities). British oriented, there is no such thing as ISA outside the UK, almost all savings accounts bring in measly (max 3%) interest and then that interest gets taxed. - If you know an equivalent to the ISA in the EU, pls comment. Owning the world and owning inflation. To take advantage of global economic growth and to counter the effects of significant real inflation, we must create investment portfolios that aim to “own the world” and “own inflation”.

This book teaches the reader how to understand the large macroeconomic forces at work, the workings of the monetary system, the implications of these trends, and then how to assess fair value of ALL the major asset classes, not just the common ones which most other books seem to overly focus on. It is not because things are difficult that we dare not venture. It is because we dare not venture that they are difficult.’ The world is growing and there is significant inflation caused by QE (more than reported!!!) means you are getting poorerBetter build wealth isa rather than in pension. Pension rules might change, extension fo age? Govt might raid them. ISA’s are comparatively smaller and safer. Accessible any time.