Everywhere I look online, one of the keys to wealth is investing. There’s no other way around it; you need to invest to build wealth and reach your goals.


But I have a confession: investing scares me. 


It scares me immensely! I have done lots of reading around investing, looked at various different strategies for investing and researched various companies in relation to investing. However, it still seems a bit of a scary world and one which I’m not sure I’m ready to be in just yet.


I’m scared I’ll lose my money. Surely, this is one of everyone’s worries when investing? I’m worried that I’ll dive in there and lose it all. We’re not at the stage in life where we can wave goodbye to our hard earned money, and I’m worried that I’ll jump in with my own strategy and just get it plain wrong. Then, all of our money will go and that’ll be that.


I’m scared I’ll choose the wrong platform. When looking at the various platforms to use to invest, trying to work out which one is best is also confusing. Some of the platforms available in the UK seem to charge lots of different fees, fees for buying shares, fees for managing funds, fees for just having an account – the list seems very long! When you factor in all of those costs, it’s hard to find one where your money would be best. Has anyone got any tips for this? 


I don’t understand how you pick funds…! I’ve got a list of individual shares/companies that I would like to invest in, but then lots of places online warn you against individual shares as it’s too risky and the fees involved are huge. So, the other alternative I think are funds, but I have absolutely no idea where to start when picking funds. Where do you start?! There are ones that different companies recommend, but are they any good? I just don’t know how to decide.


Do I open a S&S ISA or not? For those who don’t know what a NISA is, it’s a tax-free savings/investing account with a £15,000 limit per year on it. So, you can invest/save £15,000 in one tax year, and no more. Then the next year you can invest/save a further £15,000 and so on. But, the fees mentioned above still apply, regardless of what type of account you get.


Can you see my dilemma? I want to invest, I really do, but I have no idea where to start. There is one post online that says to just go for it and see what happens. But, I’m not that kind of person. I need to know what I’m getting into before I take the plunge. I need to understand the various aspects about it before I can press the button and say “Okay”.


So, I’m stuck! I don’t really know where to go from here. I’ll carry on my reading and researching, but I’m not sure how that will help me in the long run. Perhaps I need to speak to a financial advisor? Decisions!


Can you help? Anyone in the UK help me with platforms? I’d love to hear from you!


P.S do you have twitter? Follow me here!

This article contains a sponsored link.

Share Button