Getting started investing: the very first step

Set up an account. That’s it

It is not a difficult thing to do. With many providers, you only need £1 to open the account, although many others will ask for £100 or more. It’s like opening a bank account. To choose a provider, just type into Google: “best share-dealing / brokerage / investment platforms U.K.” (or whatever country you’re in).

As we’ve mentioned before, stay away from the trading platforms and stick to the investing platforms. To the pound is not an advocate of trading – we’re here to help you build wealth and become financially independent, not lose all your money trying to get rich quick.

If you’re still struggling to choose a provider, then if you’re in the U.K., go with Hargreaves Lansdown. They are the dominant provider in the U.K. for normal people like you and us. Your authors at To the pound have multiple accounts with Hargreaves Lansdown, including our self-invested personal pensions (SIPP). No, they’re not paying us to say this; we have nothing to do with them aside from being a customer of theirs.

We wanted to keep this article particularly short, and in fact we could have stopped at the first sentence. If you want to get started investing, the first step is: open an account.

Comment or send us a message if you have any questions, however basic; we are always happy to help.

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