Investing Basics
-
7 Easy Ways For Students To Begin Investing
Investing doesn’t have to be the minefield that it is often portrayed as. In this post I will break down the 7 easiest ways to start investing as a student. And yes it is never too early to start investing. Actually the younger you are when you start, the better because of the magic of compound interesting. Compound interest has been called the ninth wonder of the world because it is so powerful. The younger you begin investing the better because this means more years to harness the power of compound interest. Why is compound interest so important? Example: Q invests £250 a month for 30 years. At an average…
-
A Simple Guide to UK ISA’s
ISA’s are the best place to keep your savings and a great starting point for investing in the UK. ISA stands for Individual Savings Account. They act like tax bubbles for your money, meaning that any interest gained is completely tax free. Every UK resident over the age of 18 can save up to £20,000 each tax year into one or more types of ISA’s. Tax years run from the 6th April to the following 5th April. The only exception to this rule is Lifetime ISA’s, where you can only contribute £4,000 out of your allowance each tax year. Example: You save £10,000 in a year, £4,000 into a Lifetime…