Moving On From Savings
Reader's Digest UK|November 2021
This month, Andy Webb helps us navigate the complex world of stocks and shares
Andy Webb
Moving On From Savings

ON THE MONEY SPECIAL

Our “On the Money” inbox is often full of readers wondering what to do with their savings. Frustrated by low-interest rates and tempted by opportunities to make higher returns elsewhere, it’s no wonder people often write or email in to ask about how to get started with investing. This email we received is a typical question on the topic:

Q: I am in a lucky enough position to be able to put £500 of my earnings into investments each month but I have no idea where to start! I know nothing about stocks and shares or what is worth investing in. Do you have any tips?

Anon

Though I’m sure many of you are already investing, this is how a sizable number of readers feel. It’s highly likely many will only have invested via their pension contributions—and some might not even realise that their pensions are invested.

This is obviously a huge question to answer, with so many aspects to cover. But it’s actually very simple to get started on your own with basic stocks and shares investing and build from there if you wish.

HOW DO I START INVESTING?

First up, just make sure that your money wouldn’t be better off clearing expensive debts or building up cash emergency funds. If that’s all looked after, we’re almost good to go. But what is investing? You’re essentially buying something which you hope to sell at a profit. Though that’s not always the case—the value of investments can both go up and down really quickly.

Denne historien er fra November 2021-utgaven av Reader's Digest UK.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra November 2021-utgaven av Reader's Digest UK.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA READER'S DIGEST UKSe alt
EVERY SECOND COUNTS: TIPS TO WIN THE RACE AGAINST TIME
Reader's Digest UK

EVERY SECOND COUNTS: TIPS TO WIN THE RACE AGAINST TIME

Do you want to save 1.5 seconds every day of your life? According to the dishwasher expert at the consumer organisation Choice, there’s no need to insert the dishwashing tablet into the compartment inside the door.

time-read
3 mins  |
Reader's Digest May 2024
May Fiction
Reader's Digest UK

May Fiction

An escaped slave's perspective renews Huckleberry Finn and the seconds tick down to nuclear Armageddon in Miriam Sallon’s top literary picks this month

time-read
1 min  |
Reader's Digest May 2024
Wine Not
Reader's Digest UK

Wine Not

In a time of warning studies about alcohol consumption, Paola Westbeek looks at non-alcoholic wines, how they taste and if they pair with food

time-read
3 mins  |
Reader's Digest May 2024
Train Booking Hacks
Reader's Digest UK

Train Booking Hacks

With the cost of train travel seemingly always rising, Andy Webb gives some tips to save on ticket prices

time-read
4 mins  |
Reader's Digest May 2024
JOURNEY TO SALTEN, NORWAY, UNDER THE MIDNIGHT SUN
Reader's Digest UK

JOURNEY TO SALTEN, NORWAY, UNDER THE MIDNIGHT SUN

Here, far from the crowds, in opal clarity, from May to September, the sun knows no rest. As soon as it’s about to set, it rises again

time-read
8 mins  |
Reader's Digest May 2024
My Britain: Cheltenham
Reader's Digest UK

My Britain: Cheltenham

A YEAR IN CHELTENHAM sees a jazz festival, a science festival, a classical music festival and a literature festival. Few towns with 120,000 residents can boast such a huge cultural output!

time-read
6 mins  |
Reader's Digest May 2024
GET A GREEN(ER) THUMB
Reader's Digest UK

GET A GREEN(ER) THUMB

Whether you love digging in the dirt, planting seeds and reaping the bounty that bursts forth, or find the whole idea of gardening intimidating, this spring offers the promise of a fresh start.

time-read
6 mins  |
Reader's Digest May 2024
Under The GRANDFLUENCE Suzi Grant
Reader's Digest UK

Under The GRANDFLUENCE Suzi Grant

After working in TV and radio as an author and nutritionist, Suzi Grant started a blog alternativeageing.net) and an Instagram account alternativeageing). She talks to Ian Chaddock about positive ageing”

time-read
3 mins  |
Reader's Digest May 2024
Sam Quek: If I Ruled The World
Reader's Digest UK

Sam Quek: If I Ruled The World

Sam Quek MBE is an Olympic gold medalwinning hockey player, team captain on A Question of Sport and host of podcast series Amazing Starts Here

time-read
3 mins  |
Reader's Digest May 2024
Stand Tall, Ladies
Reader's Digest UK

Stand Tall, Ladies

Shorter men may be having their moment, but where are the tall women?

time-read
3 mins  |
Reader's Digest May 2024