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This is a question that regularly crops up and we usually refer people to This is Money’s investment guides, best DIY investing platforms round-up and other useful articles. Yet, what’s often clear is that sometimes people don’t want to do all that research. Rightly or wrongly, they simply want a quick, straightforward route map to investing in an Isa. To that end, I decided to write this distilled article. I obviously cannot give financial advice, I’m not qualified to, and nothing here is a personal recommendation. These are my thoughts on how to easily start investing in an Isa. How do you want to invest?
To decide what to do, you need to ask yourself what that pot is for and how you want to invest? Is it money that you can afford to take a long-term view on and not suddenly need in full in the next three to five years? I can take a long-term view’ then you could take the risk of investing. Otherwise, you may want to stick to cash because investments can go down as well as up.
The other thing to consider here is regular investing. It’s often a mistake to think in terms of lump sums, most of us save money on a monthly basis. If you are saving money each month over and above a rainy day fund of two to three months’ salary then you could start regularly investing some of this. How involved do you want to be? The next question is how involved do you want to be in managing that Isa? If the answer is that you don’t want the hassle and would rather get someone else to do it, you could try one of the new online wealth management firms. On the other hand, if you are interested enough to get involved, then you could pick a full fat DIY investing platform that lets you choose your investments.