INVESTING FOR BEGINNERS https://abs.twimg.com/emoji/v2/... draggable="false" alt="📈" title="Chart with upwards trend" aria-label="Emoji: Chart with upwards trend">

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - WHERE to invest

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - HOW to invest

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - WHY to invest

THREAD BELOWhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👇🏻" title="Down pointing backhand index (light skin tone)" aria-label="Emoji: Down pointing backhand index (light skin tone)">

WHERE?

VANGUARD

A recommendation for BEGINNERS:

LifeStrategy funds that offer 5 portfolios based on risk appetite

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark">- Lowest percentage platform-based fee of 0.15% (max £375)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark">- No fund dealing or account closure fees

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - Minimum ISA deposit of £500 or £100 per month

NUTMEG

Creates a portfolio for you based on your goals, timeframe, amount to invest and risk appetite

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - Fee free for a year through MoneySavingExpert

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark">- No account closure fees

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - Minimum ISA deposit of £500

WEALTHIFY

Creates a portfolio for you based on what type of investor you are, ranging from cautious to adventurous

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - Fee free for a year through MoneySavingExpert

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark">- No account closure fees

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - Minimum ISA deposit of £1

OPENMONEY

Creates a portfolio for you based on your circumstances, financial goals and risk appetite

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - Low percentage platform-based fee of 0.35%

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark">- No account closure fees

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - Minimum ISA deposit of £1

MoneySavingExpert

This link provides you with all the information on WHERE to invest

My thread is specifically for BEGINNERS which is why I haven’t sent people straight to the website

You will find the “no fees for a year” links through this page: https://www.moneysavingexpert.com/savings/stocks-shares-isas/">https://www.moneysavingexpert.com/savings/s...

HOW?

POUND COST AVERAGE TECHNIQUE

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - Invest weekly or monthly rather than yearly or a lump sum

You buy Fund A at £100 today

Fund A falls to £90 next week

You buy Fund A at £90

Average is £95 ((100+90)/2)

Fund A rises to £98 next week

You have £3 capital growth

EXCHANGE TRADED FUNDS (ETFs)

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark">- These track the performance of an index

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - Greater diversification than individual shares and less likely to experience huge swings in value

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - Can find funds you are interested in based on industry, geography and market cap etc.

WHY?

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - Historically better returns than savings account

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - With an estimated 7% return per year over 10 years then you should beat the 2% inflation target

https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="White heavy check mark" aria-label="Emoji: White heavy check mark"> - The effects of compounding are greater on an estimated 7% return

However, compounding also applies to fees

CONCLUSION

I encourage BEGINNERS to start with funds

Instead of individual shares through platforms such as Freetrade

Funds are a middle ground between savings and individual shares when it comes to risk and reward

Go to MoneySavingExpert for further guidance