I’m new to this, I read a book years ago that mentioned this site/collective (mostly adhering to compounding interest), never had the resources to invest in anything. Let’s say a £100 per week, if that. What is the greatest move I could make, (please remember that I’m physically working (exasperated) for six days, one day off to sleep/recouperate, only using an iPhone). Your guidance is appreciated in advance.
I can’t give individual investing advice.
That said, a solid investment strategy that delivers market-like returns with little effort is to regularly put money into a broad-market-based, low-fee index Exchange Traded Fund.
Vanguard is a well-respected provider of such funds in the US, but your use of the £ currency symbol tells me you’re outside of the US (Potentially in the United Kingdom).
In addition to keeping the operating costs of an investment low, it’s also important to keep trading costs low. Many US brokers have adopted a commission-free model for stocks and ETFs, but I’m not sure if the same is true worldwide.
Back when I had to pay regular commissions on stock investments, I would wait until I had enough to keep my commission below 1% before buying a stock. My broker at the time charged $7 commissions, so my goal was to save up until I had at least $700 to make a purchase.
Regards,
-Chuck
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