How to invest your first £100

If I had to invest my first £100 into the stock market again, this is exactly what I'd do, even if I knew nothing about investing. Step one, open a stocks and shares ISA. That is just an account that lets you buy and invest. And the magic word is ISA because every penny you make inside of it is completely tax free. You can put it up to £20,000 pounds a year into this. Some beginner friendly platforms to start are two one two or Invest Engine. Both free to open and they take five minutes to set up properly on your phone. Step two, buy ETFs. Do not buy individual stocks. Please do not put your first hundred pounds into individual stocks when you don't know what you're doing. Instead of doing no prior research and effectively gambling on a company like Tesla or Apple. An ETF is basically one big basket holding hundreds and thousands of companies at once. Like a stock, tradeable during the day. ETFs, a diversified, low-cost way to invest. Like a managed fund, diversified. An ETF can be bought and sold whenever the market is open. An ETF is typically a collection of stocks or bonds and professionally managed. Is basically one big basket holding hundreds and thousands of companies at once. Disclaimer. Before I tell you the two most popular ETFs in the UK, make sure you follow if you're enjoying finance content, as it helps me so much. The two most popular ETFs in the UK. VUAG, which tracks the S&P 500, the 500 biggest companies in America. Or VWRP, which basically owns the entire world. Honestly, you can't really go wrong with either. And step three, automate it. Set up a recurring £20 a week. Because these platforms do fractional shares, your hundred pounds go in no matter the share price. Set it and forget it.