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How to invest in shares

There are a few options when you are ready to invest in shares. It is important to get the correct advice, especially if it is your first time. There are a few websites that can you give you advice and make sure that you are covered legally.

Investopedia.com

This site gives you all of the basic information that you need to start investing. It can advise you on the legal requirements and also give you advice on what investments are worth looking at, and which to avoid.

If you are still not sure that you want to play with real money, then you can look at the simulator on the site, and start trading fantasy investments. This could be a good stepping stone into the real stock market, but it’s important to remember the difference between losing fantasy money and losing real money.

Investing through banks

It is possible to start an investment portfolio through many high street banks. Many of the banks have a variety of investment plans that can be taken by anyone looking to invest some money.

Lloyds TSB offers four plans, from a basic ISA through to a personal investment plan. Some of these plans do require a starting investment, and a regular monthly pay in. But they are a slightly lower risk than employing a financial advisor and going it alone.

Whatever option you decide to explore further, it is important to remember that investments can lose money as well as make money.  It is important not to invest more money than you can afford to lose.

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