Morningstar's Money Basics Week 2012

SPECIAL REPORT: Morningstar goes back to the basics to provide UK savers with essential information on how to invest for financial independence

Holly Cook 14 September, 2012 | 5:00PM Alanna Petroff
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Managing, saving and investing your money may seem daunting. But armed with the right information, the task of money management becomes much more ... manageable. That's why dedicated the week of September 17-21 to ‘Money Basics: How to Invest’. This special series caters to people who are looking for clear, jargon-free information about money management and investing.

Why You Need to Save & Invest

Why save and invest, and what’s the difference? The UK is gradually shifting closer to a US model, whereby individuals must plan for and finance their own future, whether that be further education or retirement. Whatever your financial goals, it’s clear that the earlier your start the more chance you have of achieving them and taking control of your financial future.

3 Reasons Why You Need to Invest
Increasing longevity, an uncertain pensions outlook and auto-enrolment all mean you should be taking control and investing for the long-term.

The Difference Between Saving and Investing
A short overview of the difference between saving and investing, and a look at how it can be fun to save and invest if you have the right mindset.

How Do I Achieve My Financial Goals?
Whether you're a DIY investor or you have an adviser, a newbie or an old timer, here are some essential tips for achieving your financial goals.

What an Aging Population Means for Retirement
Longer life spans have ramifications for both the amount of money and the kinds of work skills you will need to accumulate as you approach traditional retirement years, says author Ted Fishman.

How to Save & Invest

Now that you understand why it’s important to try to take control of your financial future, we embark on the task of working out how to save and how to plan for your financial goals. Plus, we examine the concept of investment risk tolerance levels, and how that will influence your personal saving and investment plan. 

How to Start Saving
Set your financial goals, consider your time horizon and calculate your starting savings rate.

The Magic of Maths
When it comes to saving and investing over time, maths is on your side.

The 30-Day Financial Fitness Plan
An easy-to-follow regime for breaking down your financial goals into manageable steps and improving your chances of achieving financial success.

Financial Tips for Those New to the World of Investment
Some real life examples of, and top tips for, getting your foot on the first rung of the investment ladder.

A Guide to Assessing Your Risk Tolerance
Financial advisers help us shed light on how investors can evaluate their willingness and ability to take on risk.

Determining The Cost of Your Retirement
Laying down your retirement goals and assessing their likely cost isn't an exact science, but it is essential.

Pensions, ISAs & Investment Accounts

You want to invest for your future but how do you actually go about creating an investment portfolio? We’ll look at the key tools of the trade—personal and workplace pensions, ISAs and online brokerage accounts.

An Introduction to Pensions
A quick look at the different kinds of pensions available to savers and investors in the UK.

What is a Pension? How Do I Get a Pension?
An overview of the different kinds of pensions available to British investors.

All About ISAs for 2012-2013
Basic information about Individual Savings Accounts (ISAs) in the UK.

The Difference Between ISAs and SIPPs
An outline of the pros and cons of these different savings vehicles.

Start Investing with an Online Brokerage Account
If you’re ready to start investing, here is some basic information about finding and setting up an online brokerage account.

Stocks, Bonds, Funds, ETFs and More...

Now you know how to start investing your money but what are you going to invest it in? We outline the key characteristics of the main types of investment products at your disposal, and factors to consider before parting with your money.

Investing in Stocks
An overview of the basics of investing in stocks.

Fund Basics
The ABCs of funds and fund investing.

What is an Investment Trust?
A simple explanation of how investment trusts operate in the UK.

What is an Exchange-Traded Fund (ETF)?
Your Beginner’s Guide to the wonderful world of ETFs.

Bond Basics Video Series
In a series of three short videos, Schroders' fund manager Gareth Isaac explains how bonds work, who would want to buy bonds, how they are priced and the risks associated with investing in bonds.

Share Classes: Accumulation vs. Income
When buying a fund, should you buy the accumulation or the income share class?

Managing Your Money

You’ve reviewed your finances, you’ve set your goals, you’ve chosen a tax-efficient wrapper within which to invest, and you’ve understood the pros and cons of types of investment. Now it’s time to put this all into action by allocating your money across various asset classes, ensuring you’re spreading the risk by diversifying, and checking in on your portfolio in case it needs readjusting.

How To Create, Track and Manage Your Portfolio
Morningstar's Portfolio Manager tool and investment research can help both newcomers and seasoned investors track and manage their portfolios.

Should Your Asset Allocation Look Like Everyone Else's?
Factors such as job stability and withdrawal rates could lead you to alter your asset allocation, making your portfolio look different from your friends.

How Many Funds Do I Need in My Portfolio?
Should you simply buy a single well-diversified fund or build your portfolio using various specialist funds?

Rebalancing Made Simple
A step-by-step guide to restoring your asset allocation.

5 Common Investing Mistakes
We take a look at five investing mistakes and suggest solutions to ensure you make better investment decisions.

Catch up on Morningstar's previous week-long Special Reports here.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Holly Cook

Holly Cook  is Manager, Morningstar EMEA Websites