Want to start investing. Any tips ?

[Ozster]

I recently been thinking about this.
Of course I will get professional advice but also wanted the experiences of 'real' people.

Can anyone share any tips please ?

Read the meaningful money handbook and join the fb community , also great YouTube videos .

Vanguard is a good place to start . Lars kroijer too

Don't waste money on a professional advisor. Educate yourself - moneysavingexpert.com is a good place to start.

Don't invest in anything you don't understand

Drip feed money into investments to smooth out any bumps

Don't put your eggs in one basket - diversify

Tracker funds - like Vanguard - are a good place to start but make sure they are in a tax efficient wrapper (pension or ISA)

Thank you for your replies .
I might come into some money soon -10k

I know I am in a very lucky position.

I want to put the money in a place it can grow hopefully for retirement.

If you are happy to lock it away until retirement you could put it in a pension and potentially benefit from tax relief depending on your personal circumstances. You can usually access pensions 10 years before state retirement age.

Read the book I mentioned that was my tip lol

DONT buy individual shares. Consider a global low cost tracker or a lower cost managed multi asset fund

After years of fear also came back to vanguard funds. Low cost, buy a little of everything, it's hard to gp wrong... Do not buy anything at a lump sum...choose your funds then drip feed money in bit by bit.

Choose a small range of funds.

Do it in isa or sipp wrapper.
Then leave. Don't panic.
I also have some pb .

Start small, £50-100 a month in a low cost index tracker fund see how you feel, research loads and then get more adventurous.

I started off with £50 a month back in 2013, totally didn't think much of it.3 years later had doubled by £1500 investment.

Now I'm more clued up I mostly invest in funds and a handlful of stocks. Mostly those that have taken a hammering

You can start with such a small amount! I would recommend starting with a 'safer' investment platform like Vanguard UK, where they have pre bundled funds that you can buy into monthly, all the research and information you need is right there, and you can pick the level of risk your are comfortable with!

Also apps like nutmeg do the same thing but for a bit more of a charge.

Iv recently started on youtube myself and made a video about investment apps, (really sorry if its not allowed to link videos happy to delete it if so just thought it may be helpful in this conversation!) -

I'm a newbie so I have opened up a stocks and shares ISA with moneybox, so all I need to do is put the money in and they do the rest :)

I've started investing in stocks this year using Freetrade and Trading212. They are apps that I use on my phone and enable you to purchase shares commission free. I have mostly invested in ETFs but a few individual stocks (mostly with dividends). You need to do some research before you invest but I'm up already (and better than if I'd put the same amount in a bank). But obviously there is always risk involved and shares go up and down and the markets are quite volatile. But if you want either or both of these apps I can give you a referral code and both of us would get a free share (which would start you off). I think you only need to deposit £1 to start with. Feel free to message me.

Completely new to it I opened a Stocks and Shares ISA with Nutmeg. You pick your risk level and they do it all for you, it was set up in minutes and their app is very easy to use.

Nutmeg has higher fees than others but has been a good introduction and I've been happy to pay for convenience but I may move my S&S ISA elsewhere now I know a bit more and feel more confident.