It may seem safer to have all your money stashed away in the bank. But as I’ve started to invest in the stock market, I’ve quickly realised that buying stocks is a much better option for me if I want to build my wealth over the years and decades. And investing through a is one of the most efficient ways for investors to start putting their money to work.
The has been rising in 2024. It’s now above 8,200 points. But while many stocks have made a strong recovery from their pandemic lows, I think there are still plenty of buying opportunities out there for investors to consider.
If I had £4,000 saved, here’s how I’d get started with an ISA today. Getting started Higher interest rates mean plenty of savings accounts are offering fairly lucrative rates at the moment. But as the Bank of England begins to bring down the base rate, these rates will also be reduced.
The Stocks and Shares ISA is the best option, in my opinion, to invest with. Each year, every investor is granted a £20,000 use-it-or-lose it limit to invest. Of all the benefits an ISA provides, the most important is that on the capital gains made and dividend payments received, not a single penny’s paid in tax.
With that, it means I can take full advantage of the growth opportunities the stock market offers. With £4,000, I wouldn’t invest it all into one stock or industry. Instead, I’d .
I’d look to buy five to 10 different companies across a number of sectors. By doing that, I’d offset my risk. Th.
