Where to start investing?

ndf9876

Will123321 said:

Thanks. I'll need to check it out. Let's say I want to invest £5k in long term. What would you recommend 

I'm going to point you back to that first post again - I would honestly recommend you do some reading, because it is a massive topic and above all, you want that £5k to increase in value (and hopefully, outpace inflation). What would be right for me, may not necessarily be right for you.

bostonerimus

Will123321 said:

bostonerimus said:

Will123321 said:

Thrugelmir said:

Have you considered increasing the amount you contribute to your works pension? The best investments are often the boring ones that you rarely have to touch. Plenty of time then to start researching the more esoteric options that exist. 

Honestly, I'm not thinking about pension. I don't think I'll live till then. That's why I want to build a passive income from investment. 

Are you unwell or do you have some medical condition that will limit your lifespan? If so then carpe diem, if not, stop and educate yourself about the free money you get with a pension, if you have access to one:
1) You save on tax
2) Most companies will put money into your pension
3) You will probably get a choice of relatively sensible investment funds...not individual stocks or crypto which you should avoid.

Right now stick to paying off any high interest debt you have, make pension contributions to get your employer's match, save at least 6 months spending in the bank and educate yourself about the basics of investment funds and how to use them within your pension and ISA

Thanks, I have no debts. But have small capital which would be happy to invest in something to get annually interests. Otherwise money are loosing price because of inflation. 

Yes inflation will eat away at your money and you'll probably need a range of investments ranging from saving accounts to equity funds to meet your financial goals. You have lots of good advice about doing some basic reading and learning about investing and how to reduce the effects of tax by using your work place pension and ISA so now I suggest you do some reading for a couple of weeks and then come back with more questions when you have grasped the basics...it's not difficult.