Want to invest in 2025? Point-by-point guide on how to start

Investing is a more effective way to grow your wealth than just relying on cash savings products. “Establish how much you can afford to invest each month, your risk appetite, the reasons why you are investing, what’s already in your portfolio, and when you need to access money. However, they charge for their services just like lawyers or dentists.” Scott Gallacher, chartered financial planner at Rowley Turton, says many people benefit from professional advice—especially when navigating life events, such as retirement, inheritance planning, or large windfalls—“where the value of advice goes beyond investment selection.” Shares or funds There are different types of assets to invest in. For example, many experienced investors might have a portfolio of 10 to 20 of their best stock ideas.” Holly Mackay, founder of investment guidance website Boring Money, warns that beginners shouldn’t try to pick stocks. In comparison, tracker funds are essentially run by computers following rules around which stocks or other assets belong to the index being followed.” The risk is that an active manager could make the wrong calls and lose money, while an index fund - although typically a cheaper investing option - will simply drop in value if the market falls and you won’t be underperforming.