Own It! : How our generation can invest our way to a better future / Iona Bain.

Format:

Book

Author/Creator:

Bain, Iona, author.

Language:

English

Subjects (All):

Finance, Personal.

Investments.

Physical Description:

1 online resource (185 pages)

Place of Publication:

Petersfield, Hampshire, England : Harriman House Ltd, 2021.

Summary:

Are you young and feeling left behind financially? It doesn't have to be this way. The UK's leading millennial money expert, Iona Bain, is on a mission to help young people own their futures, once and for all.Low wages, high house prices, zero reward for saving and the catastrophic fallout from Covid-19... young people have had a rough ride. But we have a choice. We can sleepwalk into a poorer future - or we can transform our prospects by embracing the power of investing.Iona is here to demystify savings, pensions and investing for a new generation. Whether it's robo-advisers or auto-enrolment, green investing or forex on Instagram, Iona will break down what it all means so YOU can take charge of your long-term finances.In this fun, wise and incredibly helpful book, Iona explains why investing matters. She also shows you how to get your basic finances right, save for your first home and make your pension socially responsible. You'll find out all about the rewards and risks of online investing, from sexy stockpicking apps to digital wealth managers, and learn how to manage your long-term finances so you can avoid major mistakes and achieve your goals.Investing often gets a bad rep thanks to the Wolf of Wall Street, social media scams and high-rolling money men. In fact, investing has never been more accessible, more interesting - and more important. It's the single biggest thing that we can do to change our lives, and society, for the better.So what are you waiting for? Let's start owning it!

Contents:

Intro

Contents

About the author

Introduction

Part 1: Why should we Own It?

Chapter 1: Why we've struggled to own it

Crash dummies

Can saving be saved?

Inflation nation

Pumped-up banks

How QE slayed millennials

Snowflakes versus gammons

OK, boomer: let's call a draw

Don't get mad, get informed

Chapter 2: What we can do about it!

The problem with inheritance

Just say no to YOLO

Make your cash count!

Chapter 3: Team Saving or Team Investing? Be both!

Why y'all need to save

Time to talk about time

Riding the Big One

The past is history: tomorrow's a mystery

Compounding: the secret sauce

(Re)building the future

The politics of investing

Chapter 4: The essential beginners' checklist

Have you tamed costly debts?

Are you bossing your budget?

Can you pay for all your essentials?

Do you have money left over at the end of each month?

Have you got an emergency savings pot?

Do you have insurance for your income?

The best is yet to come

Chapter 5: Should I buy property?

Let's rehabilitate renting

Mortgage speak

Renting vs ownership: the verdict

Help to Buy: buyer beware!

Home truths

Chapter 6: Should you save or invest for your first home?

Meet the ISAs

Cash vs stocks and shares

The key LISA questions

Don't hang your hopes on housing

Chapter 7: Time to mention your pension

Let's try the f-word instead

A short history of pensions

Bye-bye DB, hello DC

Automatic for the people

Why you should stay in

No silver bullet

Chapter 8: Solutions to your pension problems

PROBLEM: The contributions you're making could be higher

PROBLEM: The self-employed and part-time workers don't get this deal

PROBLEM: You can't access your pension until you're 55

PROBLEM: Your pension doesn't move with you.

A work in progress

Chapter 9: Could your pension save the world?

Default duds

Woke-up call

The O.G. of ESG

Working at the greenwash

Time to follow through

Chapter 10: Woke up your workplace pension

The vice of virtue signalling

Educate yo-self

Bonus chapter: Could (and should) you retire early?

Getting all FIRE'd up

Let's do the math

Infuriating as well as inspiring

How Covid-19 changed things

Redefining work

A future to feel good about

Part 2: How do we Own It?

Chapter 11: The evolution of investing

Big Bang theory

Let's get digital

Smart money

Investing anywhere, anytime

Chapter 12: Active or passive?

Welcome to the house of funds

Active promotion

Track to basics

Passive aggressive

ETF phone home

Breaking the monopoly

Chapter 13: How robo-advisers work

The price of advice

The machines take over

Robo a gogo

Robo no-no

Robo flop?

Chapter 14: Do-it-yourself investing: the deal with platforms

Platforms: pros and problems

FYI on DIY

My quick 'n' dirty guide to finding good-value platforms

Chapter 15: Can digital trading make you rich?

Facebook! Apple! Amazon! Netflix! Google!

Going FAANGbusters

The lockdown trading bonanza

Robinhood's bizarre fandom

Investing: it's not a game

Insta investing

Gambler's remorse

Stay cool!

Chapter 16: The truth about investing influencers

Trading up: the eToro story

The three trading traps to avoid

Betting with poor odds

Insta-perfect

Chapter 17: Bitcoin: a bit problematic

The crypto craze begins

Too cryptic by half

The not-so-wonderful world of Bitcoin

Turning FOMO into JOMO!

Chapter 18: Understanding classic assets

Taking your share

The name's Bond

Hot property

Gold school

The commodities cosmos.

Chapter 19: Weighing up exotic assets

Collectible curiosities

The P2P pickle

Following the crowd

Minibonds, massive risks

Chapter 20: Sussing out your strategy!

How do you approach risk?

How much time and energy are you prepared to invest in… investing?

Will you go active or passive?

Which investment styles will you back?

How will you get your investing info and recommendations?

Don't get psyched out

Bonus chapter: My 2020 investing diary

My eight golden rules

Signing off

Thanks

Publishing details.

Notes:

Description based on print version record.

ISBN:

9780857198310

0857198319