How many of you have a savings account? An ISA? A Stocks and Shares ISA? I have the first two and have considered the third before but had no clue where to start – and I guess that is probably the same for the majority of us! So many of us would like to invest a little but have no clue where to turn to for advice – and whether it is safe.
Step forward Nutmeg, a company started by Nick Hungerford because he was ‘frustrated by the exclusivity and lack of transparency in the investment world.’ Three years on from leaving his job, he is now the co-founder and chief executive of Nutmeg, the UK’s first online discretionary investment company.
As always with investments, customers do put their own capital at risk – no one can guarantee anything in the investment game.
Portfolios can both increase and decrease and there is no guarantee that you will definitely get the amount you put in back.
With Nutmeg, however, customers can get an online overview 24/7 meaning they always know where they stand. There is a great customer support team available to help with any problems that may arise and better still, there is no minimum investment period,
Portfolios can both increase and decrease and there is no guarantee that you will definitely get the amount you put in back.
With Nutmeg, however, customers can get an online overview 24/7 meaning they always know where they stand. There is a great customer support team available to help with any problems that may arise and better still, there is no minimum investment period,
My worries with investments are being tied into something I no longer want to be a part of and not being able to keep an eye on my money. I also don’t trust myself to be able to do it myself so I am more than happy to let a company manage it all for me that know what they are doing!
Not only do they offer ISA’s but they also offer pensions and this is something I am definitely thinking about taking up. At 25, I still haven’t set any form of pension in place (naughty, I know and it is on my to do list) so to be able to set one up, add to it and be able to see exactly what is going on would be really useful to me. You also can’t touch it until the age of 55 which is very handy – I’m sure for some people there is so much temptation to use their pension pot when the chips are down but this means that the money cannot be touched.
I think this platform is a great idea for those who want to invest a little money but are unsure of how it all works. Letting a company do all the legwork for you whilst keeping you in the loop all year around means people can invest without too much worry – there are far too many stories where people know nothing about the current situation with their investments, Nutmeg instead make information readily available.
Have you ever had a Stocks & Shares ISA? Would you have preferred to use a company set up for that exact thing to save you from worry?
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Definitely a great idea to get saving early on in life and also prepare for retirement. I have all of the above!