Selftrade investor Carl, who spoke to us about his motivations for becoming an investor and how he went about getting started.
These are Carl’s personal opinions and not advice from Selftrade.
I made the decision to start investing because I wanted to buy my first flat, way back when, and I realised the interest rates were so low that I’d be waiting forever to really earn the deposit for my flat, so I felt I had no other option than to invest.
I had an interest in trading anyway, through my background, but the difficulty for me was finding the right platform in which to trade.
I think my main concerns in terms of getting started with investing were making sure that I had the flexibility to trade whenever I wanted to and second, I think, having what I would call transparency about where I was with my trades and my portfolio.
I work in technology and therefore that’s an area that I look at first and foremost and luckily enough that’s quite a growth sector and also I read a lot around the business press and financial press and listen to podcasts as well. There are quite a few podcasts that give you advice and guidance on investing areas to invest in, etc. so that’s how I choose where to invest.
It’s the combination of knowing why you want to buy an investment and also the target you want to reach, at which point you know you want to sell an investment. Having that discipline is the most important lesson I think I would advise anybody.
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