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Dan Malone

๐Ÿ‘ค Speaker
488 total appearances

Appearances Over Time

Podcast Appearances

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

you'll see the current price of the share.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

You can click buy.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

And then, as we said earlier, a lot of the trading apps, including T2 and 2, allow you to invest specific Euro amounts.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

So that's fractional share investing.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

You don't have to have the full price of one share.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

So if you have...

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

20 quid exactly that you want to invest, you can pull the trigger and invest 20 quid.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

Now, a lot of them will have options for recurring or automating investments.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

Sometimes it's called a savings plan where it will say, you know, I want to buy extra shares or I want to buy X euro worth of this ETF every month.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

And you can do that.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

You can set it up.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

And what's really cool is you can take advantage of a lot of the great neobank functionality that like Revolut and Monzo and Bunk have where

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

They have a functionality called income sorters where when you receive your salary into your neobank, the bank will recognize that it's coming from your salary.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

And then you can split that income out into lots of different pots.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

And one of those pots could be, let's say, your investment fund.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

And then you could set up a standing order from that specific pot or account.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

bounce it into your into your investing account and then the investing account will take that money because you've given it an automated instruction and it will invest that money so you literally remove the emotional physical manual human process of investing which is exactly what you should be doing because once this is set up the best thing you can do is never open that up again leave it alone

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

Yeah, I think it would be a mistake to think that, like, you know, you're going to invest...

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

10 quid every so often and it's going to make a huge difference in your life.

Better With Money
'Never open that app again' - Investing platforms, ETFs, and the deemed disposal headache

It really isn't.