Advice For A First Time Investor
First attempt at investing, all advice appreciated. I'm not looking for alternative investments strategies, I'm looking for tips on how to do defensive investing. Basically trying to follow the advice in The intelligent investor by Benjamin Graham, possibly 50% stocks 50% bonds.
(I)150 dollars a month dollar cost averaging
(ii)Not looking for quick buys or sells, seeking to hold for long terms to make an eventual profit over time
(iii) Reinvest all dividends
(iv)Spend minimum time on it - The rationality in the book being that, no-one can predict the future no matter how much time is spend over charts and spreadsheets, and nothing is certain, so the advantage comes basically from holding through thick and thin. I would be happy wth a 4% return at the end of year, minus tax and inflation won't be any profit but invaluable experience.
Any advice, mainly on where I can go to get company accounts, purchase stocks and bond indexes etc, without being crucified by fees?