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A Beginners, beginner guide to investing UK
When I started investing (just about a year ago) I heard about ISAs, investing accounts, commissions, fees… the list went on. I felt like I was never going to learn it all. Or anything at all.
I’ve talked before in my ‘things I wish I knew about money’
I think I should go into more detail. With a few of those steps.
Step 1 — Get an auto invest app and see what it’s investing.
Everybody has a smartphone. Maybe your grandad doesn’t but most people nowadays has one. If not set up a Stocks and shares ISA with your bank.
Rather than putting yourself in a position of choosing different stocks, etfs and bonds.
I remember the first thing I bought. It was in the moneyboxx app and it was a Emerging market fund. I researched if it was a good idea and kept looking around.
It can be very hard to start. The first thing I did open was a 212 account, which I highly suggest for step 2 but I’ll talk about that in a bit.
Maybe you don’t need this step either. It does take an extra bit of a percentage of fees than a different Stocks and shares account.
