Want to start investing but don’t know how to begin?
This is a free, independent UK resource combining top insights with tips and pointers to help you get the best start in your investment journey.
A collection of the best investing resources
Let's start from the beginning...
1. Why do people invest?
Even if you’re great at saving money and have built up a healthy figure in a savings account, your hard work isn’t rewarded in the long run. Over time, inflation will eat away at your pot and reduce the value of your savings.
For example, cash left in a bank account for 25 years with an inflation rate of 3% would slash the value of your savings in half!
This is why putting your money to work by seeking out good investments can help grow your wealth and prevent inflation from eroding away at your efforts.
2. Pre-investing checklist:
- Pay off high interest debt, otherwise you will likely cancel out the magic of compound interest from your investment portfolio
- Start budgeting and reducing costs
- Build an emergency savings pot (at least 3 months salary)
- Decide on your investing time horizon and commit to it
3. Great, but where should I invest?
Money you need to use in the next year should be kept in cash – keep it in an easy access savings account.
If you have plans for money to be used in the next 1 to 5 years, choose funds with short to intermediate-term bonds.
Any money not needed within 5 years can be put to work in the stock market.
How do I start?
We recommend taking some time to teach yourself. A great place to start is our Top Tips section.
