Day 19 of 28 Days Richer
One thing each day that puts money in your pocket and takes 5 minutes or less.
You don’t need thousands to start investing – you need £100 and a smartphone.
The barrier to entry is a myth.
The Simplest Approach
If you don’t want to spend hours researching stocks and want an easy option for growing wealth look at a global index fund, which gives you tiny pieces of thousands of companies across the world in one purchase – Apple, Microsoft, Unilever, Toyota, all of them in one go.
You’re not betting on one company; you’re betting on the global economy continuing to grow, which it has for the past century.
The Numbers
The S&P 500 (America’s 500 biggest companies) has averaged around 10% per year historically, and global funds are similar.
Past performance doesn’t guarantee future results, but long-term diversified investing has a strong track record.
Today’s 5-Minute Action
Download Trading212 or Freetrade, both of which are free to use for basic investing and let you start with small amounts.
Open an account, find a global ETF, and buy £100 worth.
Congratulations – you’re now an investor.
Trading 212 provides access to over 10,000 stocks, funds, ETFs and investment trusts.
They offer commission-free trading* and their auto investing feature is excellent.
OUR OFFER - To get free fractional shares worth up to 100 EUR/GBP, you can open an account with Trading 212 using promo code 'GAINS'. Terms apply
*Other fees may apply. See terms and fees
**When investing, your capital is at risk. If you enable interest, Trading 212 will hold your cash in qualifying money market funds and banks. Otherwise, your cash will be held only in banks. Interest applies on cash in an investment account. Terms apply.
- Commission free trading*
- Earn interest on uninvested cash**
- Fantastic mobile app
- Award winning ISA
- No personal pension
What Happens Next
Leave it alone because investing works best over years, not days.
Check it once a month if you want, or better yet, set up a regular monthly contribution and don’t look at all.
The less you tinker, the better the results usually are.
The Real Goal
This £100 teaches you how investing works – the buttons to press, the feelings involved – and removes the mystery.
Once you’ve done it once, doing it again is easy.
To keep building on what you’ve learned, these books every new investor should read are a great next step.
Here’s what to do next ?
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