There are different reasons why some people dream of making money in the stock market yet let years pass without making a move. One common reason I think some people do not start buying shares earlier is a lack of cash. That is understandable – or is it? After all, it is possible to start buying shares with a relatively small amount of money.
In fact, in some ways I think that makes better sense than spending years saving up a large sum of money to begin investing. For example, it means that beginners’ mistakes will hopefully be less financially painful than if investing a much larger sum. If I had never invested before and had a spare £380, here are three steps I would take to start buying shares now.
Step one: setting up an account for stock market dealing My first move would be to set up an account that let me buy shares and put the £380 into it, ready to invest. For example, that might be a or . There are lots of options available, so I would take time to find what suited me best.
With a relatively small sum at hand, one of my considerations would be the commission or fees I needed to pay to buy or sell shares. Step two: learning about the stock market My next move would be to get a good understanding of how the stock market works. From the outside this can seem simple.
But when one is actually investing rather than merely observing, some things can be more complicated than they first appear. For example, a brilliant business with a high share price can end up makin.