How can I become an investor?


It’s a big decision to start investing your money, so find out how best to go about it here.

 

How do I invest?

Anyone can become an investor, providing they have the capital. As long as you've thought carefully about what you want to achieve and what sort of investments you think you might prefer, it needn't be a scary process. Here, we try to break down how you can reach your goals, but generally it's best to talk to a professional adviser before parting with any money.

How do I start investing my money?

If you've decided on the type of fund you'd like to invest in, here's what you need to do next:

  • Do your homework and then do some more.
  • Make sure you find out as much as you can about the type of investment you've chosen.
  • If you have outstanding questions or are unsure, you should talk to a professional adviser who can help you with the decision making process.

How do I invest in shares?

An easy way to become a shareholder is via an online share dealing service. You can find a reputable broker through The Wealth Management Association.

How do I find out about investment funds?

You can compare investment funds online using the Investment Management Association’s Investing in Funds website. You can narrow down your choices by searching for funds based on different criteria – for example if you want to purchase an ISA or invest a lump sum. But it’s always good to speak to people in the know about these things. We recommend that you talk to a professional adviser before making any investments. You’ll find impartial listings of professional advisers in your area on thepfs.org and unbiased.co.uk.

Where do I go to buy investments?

Before you buy, get in touch with the Financial Services Register to make sure the firm you’re buying through is above board and authorised to provide the service you’re interested in. 

Next, read the Key Facts or Key Investor Information document for the investment before you buy. If there’s anything you don’t understand, contact the provider or your IFA for advice.

Check what fees and charges you’ll have to pay as these differ depending on who you go with. If you’re buying directly with the broker, fees may be higher than if you use a reputable IFA.

Is there anything else I should know?

Remember, if you still have debts to pay off, it may be a better idea to pay these before investing any sums of money elsewhere. Read more about paying off debts