Afraid to Start Investing? This Is What You’re Missing

If you've ever thought I know I should be investing but I don't know where to start or what if I lose all my money? Then this video is for you. Number one, what if I lose all my money? Well, if you're investing in a diversified global fund, the realistic risk is not going to zero overnight. I mean the real risk is volatility up and down. Your investment will go up and down, sometimes sharply. Okay, now the key difference between investors who win long term and people who lose money is simple winners. Don't panic sell. But the real rule is only invest money you can leave alone for long enough. Step two. You need to choose the right tax wrapper before you choose the investment. This is the money wise doctor rule. Wrapper first, investment second for tax efficiency. In the UK the most powerful wrappers are usually for beginners. Friendly ones are stock and shares isa. But inside the stock and shares ISA growth is totally tax free. Withdrawals are tax free.