Tips for Beginner Investors in the UK

People who haven’t done any trading or don’t have any investments, tend to have interesting ideas about it. These ideas are often incorrect or just downright ridiculous. If you are interested in making investments for the first time and doing it correctly, keep reading. Today, I share some tips for beginner investors.

You don’t need to be rich to invest. There are different shares and different investment funds. Not all of them require a £100 000 deposit. Many only require a £50 or £500 deposit every month. If you do your research, you can find the investment option that works for you.

Decide where you want to put your money. There are different types of investment options. You can do cash investments, bond funds, currencies, and obviously shares or equities. Before you invest, do some research on returns and risks for each type and then decide where you want to invest.

Spread out across different companies. You don’t want to place all your money into one place. If the company fails, you lose everything. It is important to build a portfolio and diversify. Invest in different companies and across different assets and markets.

There are tax advantages. Savers are entitled to a certain amount tax-free allowance every year on money invested in stocks and shares. The interest paid on dividends and income are much lower than with a normal income and this is especially valuable to higher-rate taxpayers.

Do research and learn as much as you can. Before you can even consider putting your real money into any investment, you need to know how it works and what to expect. Read about it and do proper research. You can even practice without real money on certain apps. Once you feel you understand and can read the trends, you are ready to go for the real thing.

Investing is not as difficult as it may seem, but you do have to know a little bit about it to be able to succeed. Good luck with your new ventures!


Hiring debt collectors to settle outstanding payments

Outstanding debts

If you have a business, chances are you also have some outstanding payments.

There are clients, regardless of whether you deal with other businesses or the general public, that just do not want to pay their bill. Your accounts teams may have gone through the regular steps of calling, sending letters and applying arrears but still you’re unable to get anywhere with these debtors.

If you’re chasing these debts yourself, you need to be very careful that you don’t over chase or divulge any sensitive information to anyone that isn’t authorised to discuss it or you run the risk of breaking data protection or debtor harassment laws.

So what are the options?

  1. You could cut your losses and just write off the debt. This is never the preferred option; after all, you’ve provided the goods or service and this will essentially mean that you’ve provided them for free.
  2. You could use a collection service. A debt collector can provide a range of services including commercial debt recovery, recovering unpaid rent, debt collection, debtor tracing and process serving. Often a recovery agent will be more effective at recovering debt or setting up a repayment plan due to their extensive experience and the fact that many people see a debt collector knocking on their door as things getting ‘serious’ and at the point where action needs to be taken.

Whatever kind of debt you’re looking to recover, it is always a good idea to consider using a third party company to ensure that all avenues have been fully explored before you consider the debt as unrecoverable.

How You Can Save Money Through A Pension

Retiring from a company that offers pensions is not just a ticket to an “automatic retirement account.” While it may seem easy to get and use, company pensions can become a wonderful method by which retirees can save some extra cash. Doing just a little bit of homework on your own can garner you a significant amount of savings that will allow for you to live very comfortably far into your golden years.

When cash is being funneled into your account every month, those funds are practically untouchable until you retire. However, there are many instances when it is not a “true pension.” Many employers invest your funds that you have access to and may even have choices about regarding how the funding is invested. If you want to take charge of your funds, you’ll need a little bit of support.

Remember that there is a third-party who typically administers and controls your pension. When you are in a position to make choices about how that cash is invested, you should consider talking with an account manager where your funds are held. Not only can you make decisions about some, or all, of those funds are invested, but you can also get advice and support from an account manager who knows how to best maximise the cash you have.

Saving your pension is not simply an exercise where you are frugal after you retire. Saving on your retirement is all about getting the most return on the investment of your hard-earned money before and after. Read more