I am an international student looking for a long term investment
11 October 2022
Question by Komal
I am an international student looking for a long term investment. Which is the best platform?
Answered by Boring Money
Thanks for your question. Unfortunately, there's not a straight answer here, as there are a few things you need to consider.
Before choosing an investment platform it's best to consider what outcome you want from your investment, within what timescale, and your attitude to risk.
Booking an appointment with an Independent Financial Adviser will mean someone can help you establish your goals, and look at the best providers from the whole of market, or you have Robo Investment apps where you can do this yourself.
Boring Money has a comparison tool you might find useful here: https://www.boringmoney.co.uk/isas-pensions/isas-pensions/. This outlines 29 providers' fees, their pros and cons and the opportunity to amend the lump sum you input.
Diversification is key as the markets go up as well as down, as such long-term thinking is the best way to approach investing. If you are looking for something short term you may want to explore other options.
I hope this helps!