I’d start investing with £480 like this

One reason — or excuse — many people use for not start investing is money. That is understandable. Having said that, though, it need not take huge amounts of money to start buying shares. In fact I think there is a lot to be said for beginning on a small scale. Any learners’ mistakes may be less costly that way. If I had a spare £480, here are three steps I would take to start investing. First, I would put the money into a share-dealing account or Stocks and Shares ISA that I felt matched my own needs and circumstances best (there are lots of different options available). Doing that I would be ready to put the money into the market as soon as I found shares to buy. However, I would not be in a rush to buy. There are lots of shares that perform badly or moderately – and only a few that perform spectacularly well. I might not find the brilliant ones – but I would certainly try! So, I would take time to learn about how the stock market works in practice. For example, when I buy a share, what am I actually getting – and...

Read more