Investing for beginners

emma108pd

I am new never invested before 
I have a few questions any links to videos or blogs are welcome to get my knowledge up
What is the best platform and what are the minimums for them?
is there a platform i can practice on?
what are the rules around what I can earn?
I am a little confused on it need a little guidance in the earning department 
thank you 

RacingDriver

I am new never invested before 

I have a few questions any links to videos or blogs are welcome to get my knowledge up
What is the best platform and what are the minimums for them?
is there a platform i can practice on?
what are the rules around what I can earn?
I am a little confused on it need a little guidance in the earning department 
thank you 

Have a good read through this forum and https://www.moneysavingexpert.com/savings/investment-beginners/ , also https://monevator.com/ has lots of information.

There is no 'best' platform.  They each have something different to offer but the best for you would depend on what you choose to invest in and in which wrapper (ISA, pension, etc.).

You can invest up to £20,000 per tax year in a Stocks and Shares ISA and all dividends/gains are tax free.

Outside of an ISA you can have up to £2,000 in dividends and £12,300 in capital gains each tax year without paying any tax.

emma108pd

thank you so much i just needed to know people just kept on about isa lol but now i know both sides
i will read through them 

my partner is looking at crypto so not sure about that either

jennystarpepper

When you say 'platforms' and investing and ask about earnings are you talking about, investing or trading?

It's good to ask for help, you might need to give a bit more detail about what you  mean about 'guidance in the earning department'.  What are you wanting to do, earn money from stocks / shares, crypro or PB.....?

How much do you have to start investing?

think you must have posted your last comment as i was typing, lol.

emma108pd

thank you for this question i have no idea where to start to be fair my partner wants to invest in crypro me no idea this is why i would love to learn all i can how to invest i have done a bit of research 
not sure where to look for the best trades to look for or how to see if it is going to be profitable

just was not sure about what i can do and invest in so was not sure on what i have to declare so to speak do not want to get into trouble when i start 

i have £10 at the moment that is wht i would love to know what the min would be to invest and so on

jennystarpepper

If you have a look on the referrers board a good place to start is maybe open a 212 Tr@ding a/c if it is stocks / shares.

You can invest with a £1, if the offer is still on you can open an account and the person whos link you use and you get a free share (I'm not telling you this to make money from you), you could do the same with your partner to get another.

They have a 'practice' part on the site, (most of them do el t0r0 probably do).

You should look up the difference between trading and investing, are you wanting to make quick money or long term.... it can be a bit like gambling!  I invest a few £££ here and there, I got quite excited when I had my first dividend paid.

jennystarpepper

I should state, I have only been investing for a year or so, sure someone else will come along to give you more advice.

MX5huggy

Investing is a long term game. With £10 you’re not going to transform your life. But little and often is a good strategy just try to get the little a bit bigger. 

Wombat looks like a good option for this level of investment, once you get to £200 look to move to a bigger platform. 

https://wombatinvest.com/

emma108pd

i have signed up to trading 121 i am on a waiting list
I think I would like a bit of a mix to be fair a few quick a few long term thank you

thank you yeah £10 is small but i am going on holiday in a weeks time so all my money is going into that plus i just want to dip my toes in so to speak get to grips with it

sometimes just doing it gives you a big life lesson plus can see what is good and not good

emma108pd

can i have a link to the referral boards please

ranciduk

I was in the same boat up to a few months ago

complete noob 

anyway I went with a Vanguard lifestrategy 60% in their stocks and shares isa

You just start with £500 then just add to it whenever you want - and that’s it

just sit back and wait - you dont need to do anything 

And mines already about 3% up