You need to build a compounding machine that owns a slice of the great businesses of the world.
It’s simple to choose a global equities tracker fund if you are looking in the right places.
Unfortunately, the financial media and the financial services industries bombard us with marketing, jargon, junk data and misinformation.
The result is that people new to investing who need to make a sensible fund choice in their workplace pension or their stocks & shares ISA get overwhelmed with information overload…leading to confusion and procrastination.
There is no one single correct fund. There are many different low cost equity index tracker funds. The video below lists some of the best options (but there are many others!).
If you are struggling to start, keep it simple and don’t sweat the small stuff obsessing about micro differences between different products. There is a lot of overlap here: the similarities between them are much greater than the differences.
The most important thing is to get started. If you are unsure, then start with a practice account (no risk, no cost) where you invest “monopoly money” or by investing small amounts of money until you are more confident in your choice.
Check out this short (5m), clear and helpful video from The Money Plant Youtube channel:
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