Maintaining your account
Investing regularly
Whether you opted for ETFs, individual stocks, bonds, commodities or a mix of everything, you will want to begin setting aside an amount every month to invest.
Like a lot of people try to save £X per month, you should also probably invest £X per month. This ensures that you are building your investment pot over time and taking advantage of lowering your average costs.
I wouldn’t recommend investing as much as you possibly can every month, but say you save £200 per month and that isn’t to go towards a large goal, holiday or your emergency fund.
If this was the case I would probably invest £50 per month and save £150 per month, slowly increasing the investment amount as you become more comfortable with how the stock market behaves.
Of course, you don’t have to invest regularly at all. It is all up to you, but this is a great way of slowly building your investment portfolio.
With the majority of the investment platforms we suggested, you can set up automatic monthly deposits if this is something that you would be interested in.
If you are trying to get to a certain size investment pot, I would play around with a compound interest calculator (see bottom of this page) and enter the interest rate as 7% (the average return is 9.2% per year but we like to be conservative).