How to Start Pound Cost Averaging

[FigandHoney]

I have some savings and am looking to "diversify my portfolio".
I already pay into a pension, own a house with a mortgage, will keep savings in an ISA and have inherited some shares.
I would like to start pound cost averaging a small amount, but don't know where to start.
Would be Grated for any advice. Thank you

You probably already are pound cost averaging into your pension as you'll be paying in monthly. That's all it is. Paying into an investment monthly or weekly or any regular interval as opposed to putting in a lump sum all in one go.

Diversify - what do you mean? Your pension may be using a global fund, so is already spreading your money around. Within a Stocks & Shares ISA you can use a global fund to do the same as the pension.

Do you want different asset types? Your pension may be investing in company shares, Government bonds and Gilts, company bonds, it may contain some property in the UK and other countries.
Your global fund within a Stocks & Shares ISA may be all company shares, or may be a combination of shares, bonds, gilts, may have a little bit of cash.

Pound cost averaging - that is just buying on a regular basis, not timing when to buy or putting in a lump of money all at once. Many investment platforms (for example Vanguard Investor) let you create an auto investment, so once a month it takes money from you bank account and buys that value amount of your chosen fund.