How to start investing and grow your wealth

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 24 July 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over the long-term investing in the stock market has proven to be the best way to beat inflation and grow your wealth.

But how do you know when the time is right to start? What are the things to consider when working out what investments might suit you? And do you need to wait until you are wealthy before you become an investor?

In this first of two special This is Money podcasts, Simon Lambert is joined by Rob Morgan, of Charles Stanley Direct, to help listeners through the investing maze and give them an easy to understand guide to getting started investing

The most recent edition of the longstanding Barclays Equity Gilt report showed that investing in the UK stock market has delivered an average annual above inflation return of 5.3 per cent over the past 50 years, whereas cash has returned 1 per cent.

But investing is not without its risks.

You must be prepared to potentially lose money and may need to ride out market crashes, as we have seen in the coronavirus crisis.

However, another thing that the crisis has thrown up is more people saving money, as they cut back on spending. A This is Money poll showed 71 per cent of readers said that lockdown had left them with more spare money to save.

So, if you have a rainy day pot of cash stashed away and want to start investing the money you have beyond that, where do you get started?

Alternatively, if you are already an investor and want to improve your portfolio, or watch out for the traps that eat into your wealth, what can you do?

On this podcast, Simon and Rob look at those questions and more.

Plus, download the second episode of the two-part series in a week's time when they discuss how to use your investments to improve the world and make a profit – as the pair explore the world of socially responsible investing.

Transcript

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0:00.0	Hello, I'm Simon Lambert of This Is Money. And in this first episode, two special This Is Money
0:06.1	investing podcasts, I am joined by Rob Morgan of Charles Stanley Direct to help listeners through
0:11.0	the investing maze and give them an easy to understand guide to getting started. Now, while
0:16.5	headlines about shares soaring or crashing may make the stock market sound like something of a roller coaster.
0:22.4	Over the long term, it has proven to be the best way to beat inflation and grow your wealth.
0:27.6	But how do you know when the time is right to start investing?
0:31.0	What are the things to consider when working out what investments might suit you?
0:34.5	And do you need to wait until you're richer before you become an investor?
0:38.8	We're going to be talking about all of that and then in a second episode we'll discuss how to use your
0:43.7	investments to improve the world and make a profit as we explore the world of socially
0:48.2	responsible investing what that means how you can do it how to make it fit with your
0:52.6	investing style and appetite for risk.
0:55.9	But for this first episode, it's all about the basics of investing.
1:01.1	Rob Morgan, you are Charles Stanley Direct's investment analyst.
1:05.6	You've spent two decades working in the investment industry.
1:09.1	Over that time, you've witnessed how investing the stock market
1:12.3	can be the returns on cash, which, let's face it, aren't particularly great at the moment,
1:17.4	but you've also seen three proper stock market crashes during your career, haven't you?
1:22.8	And arguably, we're still experiencing one of those. So why would you say to people that they should invest
1:30.0	and what would you say to those more importantly who would argue, I'm sorry, it's just too much
1:35.2	like gambling? Yeah, hi Simon. It's a conversation I have a lot with friends of mine in terms of
1:42.0	equating, investing with gambling. And I would say that, you know,
	...

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