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.