I have started in the investment game. I’m not for one minute going to pretend to be an expert and I really have no idea what I am doing. However I have found a great way to begin if you are considering investing. I’ve discovered Freetrade fractional shares. This means you don’t have to buy an entire share of a company. You can use what money you have to try and make money from the stock market.
What Is Freetrade?
Let’s start simply. Freetrade is an award winning, commission free investment app. It has over 500k users and is regulated by the FCA. It’s a member of the London Stock Exchange and all accounts are covered by the FSCS. They have a variety of different accounts available if you are interested in doing more serious investing, but they have a free account available for newbies. It’s free to have the account, free to buy shares and it’s the only one of their accounts where Freetrade fractional shares are available. The only place you’ll get charged is with the FX rate. This exchange rate will set you back the spot rate + 0.45%.
Join Freetrade today & get a free share worth between £3 and £200!
What Are Freetrade Fractional Shares?
These fractional shares that I talk of mean that you can invest any amount that you like, in well known companies. You might have £50 to spend but the shares in the company you’re looking at are £250 each. You can use your £50 to shares in the company and the platform will tell you how much of a share you have. This makes Freetrade fractional shares accessible for everyone. You don’t need to save up for a share before you buy one. You can invest as you go.
What Have I Bought?
I haven’t spent very much at all but I’m already seeing an increase on my investments. Obviously these can go up and down, and I fully expect them too. The shares I’ve bought are pretty much all companies that I know. When I first opened my account and got a free share it was with Edinburgh Trust. This has increased 29% since I got it. The £1 I put in to trigger the free share I split between Cineworld and ITV at the start of the pandemic.
Cinemas were closed and the share price dropped so I thought it was a good investment. I also noticed ITV was low at the time. Both of these have doubled and one has almost tripled in since I bought them. I have also put some cash into tech companies I use and admire. These include Facebook, Twitter, Spotify and Tesla. I also put about £8 into WWE. I’m a big wrestling fan!
What do you think? Have you been thinking about investing in the stock market but you’re not really sure where to start? This is enough for me. It’s easy to do via the app and you can track your money. I see it as a bit of fun because I don’t think the stock market is something I’m prepared to get into full time. But having some cash with certain companies is great. I’ll leave the money in these for a few years and see what happens. Join now and start investing with Freetrade fractional shares today!
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