Wednesday, November 25, 2020

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Can I Invest In The Stock Market With £500?

Five hundred pounds
Today's question comes from Arshad in Dewsbury: "Is £500 enough to start investing in FTSE companies?" MoneyBlog's answer: The challenges of investing with lower amounts are these: Transaction Costs Eat Too Big A Percentage Of Your Capital, So You Need A Higher Share Price Rise To Break Even, Which At BEST Means It Will Take Longer As we teach in Demystifying The Stock Market,...

7 Habits Of The Wealthy: How Rich People Build Wealth And Stay Rich & How You Can Do The Same

Wealth building habits
At MoneyBlog, in our Ask MoneyBlog section, where we let people ask us ANYTHING they want about money, money management and personal finance, we're starting to notice that certain questions get asked by lots of different people. And today's question is one of them. It roughly summarises as this: "How do rich people stay rich? And why do the rest...

Value Investing Versus Day Trading & When Stop Losses Are A Bad Idea

When you first begin dabbling in stock market trading and investing, most traders and investors lose money. I've been trading and investing now for about ten years and during that time, as well as improving my own skills and strategies, I've spend a considerable amount of time casually teaching other people. Many many investors and traders lose money at first....

The Career Conundrum: How To Choose A Career That’s Right For You

Today we want to take a look at an aspect of making money that's often overlooked by wealth builders and the financial press. Yes, money makes the world go round and we can't live without it, but there are other considerations that should be made when choosing a career. It wouldn't be right for everybody to flock towards the...

What Tax Do I Have To Pay On My Share Dealing?

Mavis from Eastbourne writes: "I've been dabbling in share dealing for the past few months and I've made around ten thousand pounds. A friend of mine has told me I have to pay tax on my winnings. Is this true?" Hi Mavis. Thanks for your e-mail. We love stories like this. We love hearing from people who crush the stereotype of...

IG SmartPortfolio: Is It Better Than Managing Your Money Yourself?

App based investment portfolios now offer anybody with a smartphone the opportunity to invest in the stock market with no knowledge of how the market works or how to make investment decisions themselves. Moneyfarm, Nutmeg, Wealthwise and others are becoming household names. But do these funds perform? And if so, how well? After a friend of mine opened a Moneyfarm...

I’m 24. If I Want To Retire At 30 With £1 Million, How Much Do I Need To Save & Invest?

This week's question comes from the ambitious Ashraf in Blackburn: "I'm 24. If I want to retire at 30 with £1 million, how much do I need to save and invest?" So let's talk about this. We're going to start with a dose of philosophy. At MoneyBlog, we don't think retirement at 30 is a goal that anybody really wants. At thirty years...

I’m 25 And I Haven’t Started Saving Or Investing Yet – Is It Too Late?

This week's question comes to us from Rizwan in Dewsbury: "I'm 25 and I haven't started saving or investing yet. Is it too late?" We chose Rizwan's question this week because it touches on a really important subject - when you should you start saving and investing for the future? And when is it too late? First of all Rizwan, I want...

How To Buy Shares & Invest In The Stock Market Like A BOSS

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...

Top Share Dealing Accounts For UK Investors

One of the most common questions we're ever asked by beginners looking to start investing in the stock market is the question of which trading account they should sign up for. In this article, we give you our opinions on the best share dealing accounts the UK has to offer. By this, they often mean, which account has the lowest commission...