1st Stocks & Shares ISA – Everything you need to know
In this episode we are going to walk you through everything you need to know and do to be able to invest in your first stocks & shares ISA.
Knowing why you are investing is key to being a successful investor and we covered that back in episode 21. You need some cash for emergencies to before you start investing, and you can hear our thoughts on that back in episode 28.
How long? Knowing the timeframe for your investment will help with some of the decisions you are going to make. Are you investing for something in 5 years, 20 years, longer?
How much risk? Too much or too little risk can be equally bad. So how do you find what is right for you? We mention the Beam app, which sadly is not currently available. There are lots of tools out there to help you with this, a simple one is on Standard Life’s website
Hands on or hands off? You have 3 options as to how involved you want to be with the investment:
We’ll explain what asset allocation is and why it’s important. The role of ‘point and shoot’ funds, and how they can fit into a core and satellite approach.
6.22 Julie explains risk
12.42 Robo, DIY or adviser
25.13 Active & passive investing
31.11 List of Robo advisers
31.48 How to pick funds
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Catherine Thomas-Humphreys is an Award Wining Financial Coach, Qualified Financial Adviser and Family Will Writer.
Catherine believes money is a force for good and when in the hands of good people can be used to do great things. She loves working with purpose-led parents who are ready to change their money habits & beliefs to achieve financial success for themselves and their family.
She founded #TheFinfluencer as a safe space to coach and empower parents to influence, make, save, spend and grow money, consciously, ethically and positively.
Julie Flynn is an experienced independent financial adviser and financial coach. Justice and equality drive Julie. Which is why she’s spent years studying and researching how stress affects our financial decision making.
She uses her years of experience and research to support women experiencing or planning significant change in their lives.
Julie is best known for her work with women who have lost their partner and coaching financial services business who want to implement fair and transparent charges.
Disclaimer: The information provided in the Women and Money Café Podcast and Website does not constitute financial advice and nor should it be taken as such. They are thoughts and discussions in around money and possible options available to you. Whilst all attempts are made to provide accurate information at the time of publishing you should seek your own clarification . Should you require advice for your specific set of circumstances contact a qualified, authorised financial adviser directly.