![]() ![]() When you set up your investment, you have three payment options: Some investment websites or companies have a minimum amount you will need to put down as a lump sum – which could be anything from £100 to £1,000 – while others will consider those who can contribute a small sum of money, perhaps £25, every month. Many people worry that they don’t have enough money to invest, but there is no set amount needed to get the ball rolling.Īmid high inflation, currently 10.4%, any lump sum of money held in savings accounts – which pay a fraction of the current inflation rate – will be losing value.Īn initial investment of £1,000 may well help you generate some decent returns. The value of your investments can go down as well as up and you may get back less than you put in. ![]() All investments carry a varying degree of risk and it’s important you understand the nature of these. Once you have this safety net of savings, investing £1,000 can be a good starting point to buy shares or funds.Ĭapital at Risk. Instead, you can keep this emergency cash in an easy-access savings account we round up the best ones. ![]() You will need this money at hand for any unexpected, but important, expenses.įor example, say your car packed in and you urgently needed a new one if you had to dip into your investment account for the money, you might be defeating the purpose of investing in the first place – to earn big returns and make a real difference to your financial health. This is why you should already have built up an emergency cash buffer of between three and six months’ worth of earnings before you start investing. Yes, this is a good amount to start investing in assets such as shares, funds or bonds – but bear in mind that you may well need to keep your money tied up in these investments for at least five years to really benefit, and that it will be at risk from market downturns.
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