
"The UK is historically quite wary of investing, and it's been something that the financial industry and governments have been trying to tackle for years. We're starting to see the fruits of these efforts trickle through; latest Boring Money data reveals that DIY investing accounts grew over 19 per cent in the last year."
"It's a common misconception that you need to have a lot of money to be an investor. The median amount invested by DIY investors is around 15,000, but you can start with as little as 1."
"Setting up these direct debits can also be a good idea - you drip feed into markets and average out the price which you buy at, so smoothing out any ups and downs along the way."
The average investor in the UK is now 49 years old, a decrease from 55 in the past five years. Over 13 million DIY investor accounts exist, indicating a shift towards a more relatable investor profile. DIY investing has grown by over 19% in the last year, with one-third of the population now participating. Starting small is encouraged, with investments possible from as little as £1. Regular investing through direct debits can help average out costs, making investing more manageable for everyone.
Read at www.independent.co.uk
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