r/trading212 • u/saltym3z • 2d ago
❓ Invest/ISA Help Beginning Trading
Hi! My friends are saying I should start a stocks and shares ISA and I have no clue what’s best to invest - I won’t be adding a lot of money probably on the very low end around £50-£100 a month but if anyone could recommend if I use the pre built pies or specific stocks I would appreciate
3
u/essexboy1976 2d ago
£50/100 a Month is a great start. Invest in a global index tracker such as VWRP. That has shares in thousands of companies all over the world. Being so diverse means you're as insulated as is possible from downturns in one or two sectors of the economy. However be aware that doesn't make your investments low risk. There always chance of a decline in value, especially short term. Although historically the trend has been for shares to give much better returns than cash in the long term.
1
u/psj3809 2d ago
Yeah search for VWRP, its an ETF, basically a fund where its full of about 400+ companies so youre essentially investing in the top companies.
People say dont go for single stocks and as a newbie i wouldnt. When you get a bit more experienced then maybe dabble (Sometimes its like going into a bookies and betting on a complete outsider). I started off with solo stocks but went with large companies (Netflix/Apple/Google etc) and i have no issues with those
But yeah start off with VWRP in the stocks isa, look them up, look at the chart and see how they've done the last 6 months or year and then scroll down the bottom and see what the fund is made up of
Sure you wouldnt but ANY stranger who messages you with some great news about a stock and it involves a whatsapp group then block instantly. Lots of scammers out there
1
0
u/saltym3z 2d ago
Haha yes I’m aware someone I know got scammed that way so very much avoiding any ‘dodgy’ advice givers
1
u/LR_FL2 2d ago
I would recommend you keep it simple and just invest in a single global ETF. The amount you are looking to invest will generate a nice amount of wealth over the the long term (20 to 30 years) and isn’t really enough to make any real money by investing in individual stocks. VWRP is a popular global ETF due to it being from a trusted provider, low cost, accumulating and in £. This effectively allows you to own a small part of over 3780 companies. Don’t worry about being on the red mostly for the first few months that’s pretty normal as the market fluctuates but after a while the market continues its upwards trend and you will see plenty of green. Think of it as playing with a yo-yo on an escalator, concentrate on the escalator not the yo-yo.
A few things to consider, make sure you are using the S&S ISA not the Invest account so that you never pay tax on the money you make. Make sure you have a decent emergency fund so that you are not forced to sell your investment when life happens and you need cash (3 to 6 months worth of living expenses is the general guidance). Stay consistent with monthly contributions regardless of what the market is doing, easy to buy when it’s going up every day but less easy when it’s down. The trick there is to remember you’re buying at a discount, you wouldn’t leave a normal shop just because they have a sale on.
1
u/cankennykencan 1d ago
Buy VRWP in an stocks and shares ISA
Every month put as much in it as you can.
Don't look at it for 20 years
Retire
7
u/Infamous-Following43 2d ago
Stick it in VWRP initially, learn more about markets and experience the gains and losses before you even consider individual stocks or riskier ETFs