Ordinary people see stock market investing as this secretive, complicated and elite skill that is only for the super rich.
And the core mission of MoneyBlog is to make elite or seemingly elite personal finance skills accessible to everybody.
So in this article, we’re going to explain how ANYBODY can buy shares and begin investing in the stock market as well as the risks and benefits of doing so.
Buying shares is fairly simple. Sign up for a share dealing account. It’s highly likely your high street bank offers one. Do check that the account you are signing up for doesn’t have any inactivity fees. (These are fees that you’ll be charged if you don’t buy or sell shares a minimum number of times in a set time period – since you’re just starting out, it’s unlikely you’ll be buying or selling very often.)
The really big question is what shares should you buy? And there’s no right answer to this. Investing is a very personal thing. The right shares to buy depend on your areas of expertise and your appetite for risk, as well as a number of other factors. Equally, the right shares to buy change as prices go up and down. What is a good deal now may not be by the time you read this, so we can’t give any recommendations here.
The general idea is to buy cheap and sell expensive.
If you’d like a formal initiation into the world of the stock market – which is a good idea before you invest serious money – you might want to think about enrolling in one of our programs at the MoneyBlog Academy.