S2E3: How to ACTUALLY start investing: picking the right index fund & investment 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 (available from 4pm on Monday the 23rd of October)

...

Get us into your business

Want us to come into your workplace to help your people get more from their money?

Email [email protected]

--

Investment platforms

Here are some of the biggest investment platforms in the UK - and Damo uses all of them too. 

Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. 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.

InvestEngine

Get a £25 bonus when you invest at least £100.

https://investengine.pxf.io/daOD2Q

Vanguard

https://www.vanguardinvestor.co.uk/

This is not an affiliate link.

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.

--

Sponsors

Hostinger (build your website) - and use the code MakingMoney to get 10% off: https://www.hostinger.com/makingmoney

Sensate: Get help with your anxiety & 10% off with the code MM10: https://www.getsensate.com/makingmoney

Unbiased: Get help with your money from a financial advisor: https://www.unbiased.co.uk/makingmoney

--

Newsletter

If you want a bullet point summary from this episode, please subscribe to our newsletter: https://makingmoney.email/ep16.

You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes.

--

What's your financial health?

Take our quiz: https://makingmoneypod.scoreapp.com/

--

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.