If you’ve read a few Amateur Investor blog entries you will know that my investing style is increasingly moving towards investing for income.
Having read a few blog posts (on the excellent Monevator website for instance – such as How to live off investment income), I decided I needed to invest in some reading material to help me improve my income seeking investment decisions from simply looking at the yield column of share price listing.
Enter Amazon. Don’t you just love Amazon!
One book caught my eye straight away….
Investing For Income by David Stevenson. This is one of the series of FT Guides which I have often flicked through in my local bookshop.
The back cover of the book says:
“The Financial Times Guide to Investing for Income is the definitive guide to using investments such as equities, bonds and derivative structures, as a source of income”
And it goes on to say that the book:
- Provides an introduction to investing and the risks associated with investment capital growth
- Illustrates the best way to organise your portfolio to provide a year-on-year increase in income
- Explains key investing terms in direct and straightforward language
- Gives practial guidance on saving and investing strategies and addresses key dangers and risks
It sounded just what I was looking for. So I decided to order the book.
When I got to the Amazon checkout I was asked if I wanted to have a 30 day trial of Amazon Prime. This service gives you unlimited next day delivery on a wide range of Amazon sold items for a whole year. All for just £49 per year.
Given that I am likely to be “investing” in a lot of books as I take the role of Amateur Investor more seriously, I decided to give it ago.
This morning I received an email to say that the Courier (DPD) would deliver the book between 10:08 and 11:08. At 10:10 the doorbell rang and I was greeted by a man with Amazon parcel in hand.
Excellent service from both Amazon and DPD!
Now, if I can read a chapter a day then by the end of August I will be an Amateur Investor but an Expert Income Investor, right?