How to start investing: picking the right index fund & platform
Once you’ve decided to invest, you still need to pick which platform to use, and which fund to invest in from the many similar looking options. It can be very confusing - that’s what you’ve told us and we agree - so in this episode Damo explains to T how to do it. For Damo this has been 12-13 years in the making, finally getting T to take the plunge, open an ISA and pick a global index fund. Here’s how.
If you want to watch the video version of this episode you can find it on our YouTube channel here: https://youtu.be/Gu66rpxjLy4.
🎉 How to open and get the most from a Trading 212 account
Damo walks you through it:
📈 Investment platforms we use:
Trading 212
Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.
https://www.trading212.com/promocodes/MM
If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.
InvestEngine
Get a £25 bonus when you invest at least £100.
https://investengine.pxf.io/daOD2Q
Vanguard
Minimum investment of £500 or £100/month
https://www.vanguardinvestor.co.uk/
If you purchase a product or service using one of the links above, we may receive a small commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.
✉️ Newsletter summary
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If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.
This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.