Very new to investing. I created a Hargreaves Landsdown account but I find it a bit confusing. Does anyone recommend a simpler platform?

5 months ago 8 views 2 replies 2

I’ve always put money away in savings every month but I seeing things about how inflation just kills your savings. I want to be able to invest this money so that it creates a return me. I dipped my toe in the water with HL but i want to keep this as simple as possible as I am very new to this.

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MrJT OP Regular 78

Hargreaves was actually my first investing account I opened around 11 years ago. It’s more traditional and seems less fintech - but it’s not a bad platform, not the best in the market. For a beginners, I’d consider etoro (top tip, deposit in dollars to avoid fx fee’s- this will save you 1.5% when you deposit ens the same withdrawing)

If you’re in it for the long haul, go with Ig - not the most simple, but something you can stick with for life

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Wolfstone Trusted 702

HL is great but can feel overwhelming at first - totally get that. If you just want something simple to start, Trading 212 or Vanguard are worth a look. Vanguard especially is brilliant for beginners - low cost, straightforward and they basically guide you towards simple index funds which is honestly all most people need. Once you get more comfortable you can always switch it up later. What sort of amounts are you thinking of putting in each month?

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PortfolioPhoenix Contributor 248

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