What are the options?
Apart from cash there are 3 basic sorts of investments. Property. We all get that one. Bonds. Basically an IOU where you lend money to the Government or a company. And shares. That’s just buying a tiny slice of a company.
The good news is that if you cant be ‘bothered’ then you can simply outsource the decision making and get a fund – a sort-of investment ready meal. Phew!
Buying a fund is a bit like buying an investment ready-meal. You don’t need to know the name and detail of every ingredient. The fund manager will typically use about 35-60 investments in your fund. Spreading the risk.Help me choose
Also called equities or stocks. The spicier end of the investment spectrum. These literally mean you own a tiny share of a company. You can either buy direct via a broker, or buy a basket of them via a fund.Find out how
Platforms are the Sainburys Online equivalent for investments. It’s one simple online account where you can hold your shares, funds, ISAs and even a pension under a single roof. Choice. Less paperwork. Less hassle. We like!Which ones are good?
Even stuffy old finance is going digital. These online options stick two fingers up at the traditional City. Complete an online quiz and get a quick, simple, pre-packaged investment account.Gimme some robo
Safe. Predictable. Good for short-term savings. But interest rates are painfully low. So be in cash on purpose! Not because of apathy. Make sure you find out the best rates too.Find the best accounts
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