New to savings and shares

whitlog

Hello everyone

i dont earn alot right now as i am going to be going to uni at the age of 25 and just have a part time job at the moment where i get around 44 hours aweek over the summer till i start studying at my uni.

but i still want to invest a small amount of my earnings in to shares and get it growing, i have just started putting £50 every 4 weeks into a natwest ISA. but i want to start using shares as well.

any advice please would be great

Thanks

jonesMUFCforever

IMO bad move unless you can leave it (or afford to lose it completely) for at least 5 years.
What will you live on when at Uni?

whitlog

well i am appyling for student finance while i study, but i will also still work at my part time job, just less hours, but i have come to the thinking that no matter what i earn i can afford to atleast use 10% of it for savings or shares etc.

i do not want to invest heavy and try get rich quick etc, my plan is to invest what i can and have it grow over time

Lazy_Runner

I would advise that you build up savings equivalent to 3 - 6 months money to live on. This incase things go pear shaped.

Once you have done that, you can start investing in shares.

Good luck with the course! I also applaud your resolve to save 10% of your earnings.

whitlog

thank you for the advice