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I read a fascinating article on Micro-Investing in the FT yesterday. Does anyone have any experience on here. I am the right demographic, with not enough spare income to invest lots of money.
9 Answers
I also read an article about it recently, and have encouraged my 25 year old daughter to look into it. It’s a brilliant idea.
Am lost wot is it?
It’s already functional in the US. It’s an app which rounds up everything you pay for on your debit card like for example a coffee which costs £1.80. It rounds it up to the nearest pound and invests the difference. So in this case 20p. So small you wouldn’t notice. But this happens many times a day, and over time, you are invested without even knowing it. Then it diversifies for you. Mentality is, look after the pennies and the pounds look after themselves.
That sounds amazing! Not in uk tho?
Not yet. There is an app being developed. But there is another option: “Fractionals of Funds”
Really?
Yes, so often even buying into shares are too expensive for young people, but you can buy a fraction of one, so you are still invested but it doesn’t cost so much.
Oh wow i will Google that!
Oh wow i will Google that!
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