S2E7: How to invest in single stocks (and why you probably shouldn’t) | Sasha Yanshin

Most people shouldn’t invest in single stocks - they’d be better off investing in index funds - but that doesn’t stop a lot of people trying. That’s the view of Sasha Yanshin, YouTuber, Damo’s friend and nemesis - and it’s Damo’s view too. Despite that, Sasha does invest in individual companies and Damo does keep up to 10% of his allocation for investing in specific stocks (because he enjoys it).

In this episode, Sasha explains his process, as well as some best practices in case you want to chance your arm. But please be mindful of the risks and consider capping your exposure if it is something you want to try.

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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.

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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.