I’ve said before that Stocks and Shares ISAs are a crucial item in your investment armoury, and with Plonkee’s comprehensive introduction to them, they were demystified. Now Plonkee has done it again by giving us a guide to some basic investment funds. It’s posts like this that save me hours of research.
In terms of asset allocation, the only major difference that you might want to consider between the UK and US, is that the UK makes up a smaller part of the world economy. This means that it’s arguable that you should diversify overseas more than Americans.
Combining this knowledge with David Swensen’s investment strategy, you can match my investments pretty closely*.
* Well, on paper at least! I don’t have enough invested right now to make this kind of diversification efficient and there will be some major differences when/if I do.