Cryptocurrency Vs Stocks and Shares - LOW BUDGET

Adyinvestment

Arsenal2019 said:

I would only have a small budget at first with around £10 per week investment. 

If you do decide to invest this amount (whether stocks or crypto) in frequent instalments then choose a platform that has no fees, the spread will likely be a little more but will be far more cost effective than paying a charge each time.

Arsenal2019

Thank you!

HunterBurgan

eskbanker said:

Arsenal2019 said:

I would only have a small budget at first with around £10 per week investment.

I'd suggest spending time building up a worthwhile pot, during which you can do your research - investing or buying into crypto with such a small amount on a weekly basis isn't likely to be cost-effective, with transaction charges and so on.  Worth thinking about exactly what you're actually trying to achieve too, i.e. are you aiming to build a pot of a certain size for a particular purpose many years into the future, or just wanting to play about with something a bit more interesting than cash deposits?  Do you have an adequate emergency fund in cash form already, as your budget sounds highly constrained....

surly the OP can do there reserch while investing small amounts

Arsenal2019

HunterBurgan said:

eskbanker said:

Arsenal2019 said:

I would only have a small budget at first with around £10 per week investment.

I'd suggest spending time building up a worthwhile pot, during which you can do your research - investing or buying into crypto with such a small amount on a weekly basis isn't likely to be cost-effective, with transaction charges and so on.  Worth thinking about exactly what you're actually trying to achieve too, i.e. are you aiming to build a pot of a certain size for a particular purpose many years into the future, or just wanting to play about with something a bit more interesting than cash deposits?  Do you have an adequate emergency fund in cash form already, as your budget sounds highly constrained....

surly the OP can do there reserch while investing small amounts

Exactly my plan. Or if I can’t find the best website / app to use with a no fee or smallest fee, I will just accumulate all the money I saved up so far in a pot and put that in when I’m ready 

Scottex99

Try eToro or Revolut. You might be under the min deposit amount for eToro but you could save up for the first one. Don’t invest what you can’t afford.

Ta

daz378

I'm investing similiar into a stocks and shares     put  400 in to start and putting  in 10 pw with a bit extra from rounding up.. it's called moneybox   been told  its fees  are quite high  but there are similar  apps...but ill  be investing for at least 5...10 years    as I build up to pension age...but aware that stocks can go down....I do have lgps  ..so will be hoping  it rises long term

tebbins

Scottex99 said:

Try eToro or Revolut. You might be under the min deposit amount for eToro but you could save up for the first one. Don’t invest what you can’t afford.

Ta

Revolut I'm not as sure either way but certainly avoid eToro. Hidden costs, some terrible reviews and they constantly encourage you to speculate, trade and gamble.

Scottex99

Meh, eToro has been fine for me. Easy to use. Not sure about min deposits and trade size but using a platform like that you’d expect to get stung 2-3% on spreads anyway.

Can’t say they’ve ever encouraged me to do anything either

Arsenal2019

Deleted_User said:

Arsenal2019 said:

the end goal is to Hopefuly sell either the shares or crypto in a couple years as I intend to make money that way. Obviously easier said than done, but I joke with what I invest/gamble in, the value of that increases and when it does, I would like to sell what I have!

I'm not sure I'm understanding this right, but are you saying that this money is just for a bit of fun, and if it increases you might do something random with it (e.g. an extra holiday), but if you lost the lot that wouldn't be a disaster?

Because if that's on the right lines, then while it's fine to have a bit of "fun money", we should probably be asking if you've covered the serious things first (i.e. financial planning for retirement, and in case you become too ill to work, or lose your job, or it becomes so intolerable you'd like to walk out, etc).

Investing can be an important part of planning for the "serious things" (though it's best to start with building up some cash savings and paying off expensive debt). But that's done in a longer-term way, i.e. over 10+ years - you don't just sell if there's a quick increase in value. So if your question is really about "serious" investing, and perhaps you have the idea that investing needs to be approached as "investing/gambling", then you may be looking at investing the wrong way.

In short: what are you actually trying to do?

I’ve given it thought and no, I’d like to use for actual investing. I have a good pension at the minute, in fact one of the best around and so does my partner- so that side of things is covered (both mid 20’s). Along with a good sum of money in premium bonds

id Like to invest in stocks and stay there for
the long run. But either invest low amounts each month or to just save up that amount and then invest all of that when it comes to a bigger figure

what Apps do you guys suggest? Ideally with lower fees? Ones that stick out to me are either eToro or Freetrade ?

tebbins

Arsenal2019 said:

Deleted_User said:

Arsenal2019 said:

the end goal is to Hopefuly sell either the shares or crypto in a couple years as I intend to make money that way. Obviously easier said than done, but I joke with what I invest/gamble in, the value of that increases and when it does, I would like to sell what I have!

I'm not sure I'm understanding this right, but are you saying that this money is just for a bit of fun, and if it increases you might do something random with it (e.g. an extra holiday), but if you lost the lot that wouldn't be a disaster?

Because if that's on the right lines, then while it's fine to have a bit of "fun money", we should probably be asking if you've covered the serious things first (i.e. financial planning for retirement, and in case you become too ill to work, or lose your job, or it becomes so intolerable you'd like to walk out, etc).

Investing can be an important part of planning for the "serious things" (though it's best to start with building up some cash savings and paying off expensive debt). But that's done in a longer-term way, i.e. over 10+ years - you don't just sell if there's a quick increase in value. So if your question is really about "serious" investing, and perhaps you have the idea that investing needs to be approached as "investing/gambling", then you may be looking at investing the wrong way.

In short: what are you actually trying to do?

I’ve given it thought and no, I’d like to use for actual investing. I have a good pension at the minute, in fact one of the best around
How do you know this?
and so does my partner- so that side of things is covered (both mid 20’s). Along with a good sum of money in premium bonds

id Like to invest in stocks and stay there for
the long run. But either invest low amounts each month or to just save up that amount and then invest all of that when it comes to a bigger figure

what Apps do you guys suggest? Ideally with lower fees? Ones that stick out to me are either eToro or Freetrade ?

Etoro and freetrade are, as the name and ads suggests, more to do with trading.

The website has an article on stocks & shares ISAs: https://www.moneysavingexpert.com/savings/stocks-shares-isas/

Also see: https://monevator.com/dont-wait-to-open-your-stocks-and-shares-isa/

The beginner articles on monevator are a decent resource too
https://www.google.com/search?q=monevator+beginner&client=ms-android-google&sourceid=chrome-mobile&ie=UTF-8&inm=vs

As is Lars Kroijer's investing demystified series:

The easiest and most beginner friendly way, other than robo- platforms like Nutmeg is probably via a fund-of-funds: https://monevator.com/passive-fund-of-funds-the-rivals

Or a simple global tracker: https://monevator.com/best-global-tracker-funds/