FOX TV - How to invest in an Isa easily: A simple guide to getting started

FOX TV - How to invest in an Isa easily: A simple guide to getting started
‘I want to invest in an Isa, can you give me any tips on getting started?’This is a question that regularly crops up and we usually refer people to This is Money’s investment guides, best DIY investing platforms round-up and other useful articles.Yet, what’s often clear is that sometimes people don’t want to do all that research.Rightly or wrongly, they simply want a quick, straightforward route map to investing in an Isa. To that end, I decided to write this distilled article.Caveat first. I obviously cannot give financial advice, I’m not qualified to, and nothing here is a personal recommendation. These are my thoughts on how to easily start investing in an Isa. You don't need to be a City whizzkid to start investing, it's possible to do it simply and quicklyHow do you want to invest?To decide what to do, you need to ask yourself what that pot is for and how you want to invest?Is it money that you can afford to take a long-term view on and not suddenly need in full in the next three to five years?If the answer to that is ‘yes, I can take a long-term view’ then you could take the risk of investing. Otherwise, you may want to stick to cash because investments can go down as well as up.The other thing to consider here is regular investing. It’s often a mistake to think in terms of lump sums, most of us save money on a monthly basis. If you are saving money each month over and above a rainy day fund of two to three months’ salary then you could start regularly investing some of this. RELATED ARTICLES Previous 1 2 Next Six simple steps for wiser investing - and a better chance... How to start investing in an Isa and make your money work... I have £250k sitting in my bank account - what should I do... The easy route to passive investing and some simple funds to... Virgin's tracker fund that charges 17 times more than its... Share this article Share 15 shares How involved do you want to be?The next question is how involved do you want to be in managing that Isa?If the answer is that you don’t want the hassle and would rather get someone else to do it, you could try one of the new online wealth management firms. You answer a few questions on your goals and attitudes to risk – and they create and manage a portfolio of investments for you.On the other hand, if you are interested enough to get involved, then you could pick a full fat DIY investing platform that lets you choose your investments.The degree of getting involved here ranges from using tools that pick investments for you, to choosing a selection of funds yourself. These could be funds where a manager tries to beat the market, or cheap and easy tracker funds that simply follow it.Two of the three DIY investing platform options I picked out help you along the way with best fund lists, while the other has a low-cost index investing portfolio building tool.Don't just think in lump sums The annual Isa allowance is a use it or lose it affair. The last tax year's £15,240 allowa
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