Saving & investing for newbies.

Jun 28, 2013
4,041
2,150
UK
Ok, so how and where do you guys invest or save your money?
Do you have any advice for a newbie to investing? I do save, but not sure just leaving my money sitting in a savings account with a small interest rate is ideal. Investing is obviously a risk, but how would you suggest one invests with limited risk?
 
May 31, 2012
11,602
5,089
Ok, so how and where do you guys invest or save your money?
Do you have any advice for a newbie to investing? I do save, but not sure just leaving my money sitting in a savings account with a small interest rate is ideal. Investing is obviously a risk, but how would you suggest one invests with limited risk?
I haven’t known what to do with actual savings for years, so I’ve always just left them in a bank account earning fuck all but being safe. In terms of future investment, I’ve always just overpaid on my mortgage and paid a nice amount into a pension. I’ve dabbled with shares but only a couple of grand.

A few months ago I stuck some cash into a Moneybox account which has done alright, so this tax year I think I’m going to stick £10k or so on a few funds with a H&L stocks and shares ISA. I’ll probably lose the fucking lot, mind.
 
Reactions: ura

Jack

P4P Star
Jul 29, 2012
10,133
4,816
One thing I've noticed recently is how opportunities are easily springing up because of the internet phases. If you had got in early on the GameStop stuff, you could have made a fortune, and it's the same now for the resurgance of the Pokemon trend. I've seen videos on this where a few months ago, you could have bought a box for a few hundred and they're now going for around £10k. Some individual cards are now going for lots more than that, which seems crazy to me. There's stunning profit to be made on some of these things and whilst there's an element of risk involved, it does seem that there are plenty of opportunities available if you keep an eye on the latest trends online.
 
Jun 23, 2017
1,916
2,346
32
Ok, so how and where do you guys invest or save your money?
Do you have any advice for a newbie to investing? I do save, but not sure just leaving my money sitting in a savings account with a small interest rate is ideal. Investing is obviously a risk, but how would you suggest one invests with limited risk?
Open up a stocks and shares ISA with the likes of Hargreaves. Pick some funds that you like the look off or just pick a tracker fund if you can’t be bothered. Drip feed in money over time. Don’t panic when shit starts going down.
 
Reactions: ura

Broxi

The Anti-Bully
Jul 24, 2012
12,612
12,593
Is it just me or are none of these places allowing you to open an account at the minute.

Is this a "fuck me, we can't have the plebs buying shares" initiative... couldn't open one on IG, HL Market, Trading 212. Robinhood doesn't even appear on my iphone app store.
 

Broxi

The Anti-Bully
Jul 24, 2012
12,612
12,593
Managed to get a Hargreaves Fund and Share account open.

I used to trade through Interactive Investor back in the day but I don't have my login credentials for that account anymore.
 
Reactions: Khaiser
Jun 23, 2017
1,916
2,346
32
Is it just me or are none of these places allowing you to open an account at the minute.

Is this a "fuck me, we can't have the plebs buying shares" initiative... couldn't open one on IG, HL Market, Trading 212. Robinhood doesn't even appear on my iphone app store.
Robinhood is only available in the US just now. UK lunch got pushed back for some reason.

Not sure what the deal is with the rest. I would just give Hargreaves a call and see what they can do. They’re UK based so you don’t get handed to some call centre and usually don’t have to wait long.

The one thing I would about then though - they’re expensive if you’re stock picking. Buying funds through them is free through, except from the usual platform charge.

You’re quite into Tesla right? If you want to hold them but don’t want to buy directly and incur the trading fees and FX charges, I would have a look at some Baillie Gifford funds. They got in to Tesla quite early across a number of their funds. I added some shares in their Scottish Mortgage Trust when Tesla crashed a few days ago. It’s nothing to do with Scotland or Mortgages, and is basically a global technology fund looking at business that at going to be the next big players in 10/15 years time.
 
Reactions: Broxi

Broxi

The Anti-Bully
Jul 24, 2012
12,612
12,593
Robinhood is only available in the US just now. UK lunch got pushed back for some reason.

Not sure what the deal is with the rest. I would just give Hargreaves a call and see what they can do. They’re UK based so you don’t get handed to some call centre and usually don’t have to wait long.

The one thing I would about then though - they’re expensive if you’re stock picking. Buying funds through them is free through, except from the usual platform charge.

You’re quite into Tesla right? If you want to hold them but don’t want to buy directly and incur the trading fees and FX charges, I would have a look at some Baillie Gifford funds. They got in to Tesla quite early across a number of their funds. I added some shares in their Scottish Mortgage Trust when Tesla crashed a few days ago. It’s nothing to do with Scotland or Mortgages, and is basically a global technology fund looking at business that at going to be the next big players in 10/15 years time.
Tesla I like as a company but I think they’re a bubble at the moment and overpriced. If (when) they come down substantially to a level where the market cap was more reasonable, I’d consider buying them as long term hold.

With individual shares, I’ll be looking to invest only in companies I think have a bright future with an aim at 3+ years holding.

I’ll probably invest more in funds as you say but I don’t know where to start on which funds to invest in so the recommends are welcome to be sure.
 

ura

Staff member
Feb 25, 2020
177
178
31
I haven’t known what to do with actual savings for years, so I’ve always just left them in a bank account earning fuck all but being safe. In terms of future investment, I’ve always just overpaid on my mortgage and paid a nice amount into a pension. I’ve dabbled with shares but only a couple of grand.

A few months ago I stuck some cash into a Moneybox account which has done alright, so this tax year I think I’m going to stick £10k or so on a few funds with a H&L stocks and shares ISA. I’ll probably lose the fucking lot, mind.
Was the Moneybox account the savings one or one of the Stocks and Shares ISA's? Cautious, balanced or the other more risky one?
 
May 31, 2012
11,602
5,089
Was the Moneybox account the savings one or one of the Stocks and Shares ISA's? Cautious, balanced or the other more risky one?


Stocks and shares, but not sure which option. It’s made 7% up to now.
 
Reactions: ura