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Investing advice (beginner)

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  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    edited 16 July 2020 at 11:47AM
    Invest in crypto, especially structured deposits can be more clear
    not sure that would be for the beginner

    Op I highly recommend the monevator and read all the beginner articles on investing as it would be useful for you

    https://monevator.com/category/investing/passive-investing-investing/

    HL isn't my first choice platform due to their costs, but personal preference. 

    preferably best to have an investment strategy than hit and hope
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • dunroving
    dunroving Posts: 1,891 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    OP, just to echo what others have said, if you are a novice investor with modest amounts to invest, do not invest in individual companies.

    It's easy to get caught up in flashy news stories about the latest company that doubled its value overnight, but (a) this sort of occurrence almost never happens, and (b) even the experts don't know when it's going to happen, or what might happen to the markets next. Think, for example, if you'd invested in a travel company earlier in the year. You'd now be stuffed, looking at huge losses. Now, if you'd invested in Amazon, the story would be different. It's just too risky. Find a low-cost platform, and invest in a low-cost well-diversified Index fund. 
    (Nearly) dunroving
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