If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.
If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.
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Thanks! Yes, I was wondering where would be a good place to start for absolute noobs, thanks for the tip. Investing is a mystery in my life I’ve been conditioned not to try to understand, perhaps it’s time to do something about it.
It’s not too bad. The key thing if your in the UK is to open a stocks and shares ISA (similar to a cash ISA, but for stocks) that means you don’t have to worry about taxes.
Other than that… Be aware that things are very volatile due to trump. He can say something and stocks drop 10% then recover by the end of the month… Or not.
If you are in for the long term, the worst thing you can do is panic and sell when that happens.
Its pretty easy if you go with something like wealthfront, betterment, etc…
But using something like fidelity is also good too.