How much do I need to start investing?

Q: How do I get on the investment ladder with little to invest? Is there a list of investing terminology?

A: I’m delighted you’ve asked this question, as people often think that investing is only for the rich. This isn’t the case.

Depending on what you want to invest for, you can start with as little as £25 per month – that’s less than a couple of cinema tickets and some popcorn! Alternatively, if you inherit some money, receive a bonus, or get a generous gift, the minimum lump-sum payment to open an account is £1,000.

If you fall into either of those two camps, read on to find out what you need to consider before you start investing.

1. Check if you’re able to invest

First you need to check you’re ready to invest. And by that, I mean:

• No costly debt or personal loans (we’re talking about debt you’ve racked up - not your mortgage, for example).
• You’ve got an emergency fund (enough to cover three to six months’ living costs).
• Your employer contributes the maximum amount to your pension.
• You’re looking to invest your money for 5+ years.
• You’re comfortable picking investment by yourself.

Take our test to see if you’re ready

• Read: Our principles for good investing

2. Choose an account that’s right for you

Next, understand which account is right for you. We have a two-minute quiz that can help you decide. It asks about your goals, your investing timeline and how much you have to invest.

Find an account that suits your needs

3. Pick your investments

Whether you need a little - or a lot - of help, we’re here to support you.

Here are a few options to get you started

Our A to Z of investing terms

As for a list of investing terminology, this has been on my to do list for a while. So, I appreciate the nudge (as will many others, I’m sure).

• Read: Here’s our A to Z investing jargon buster

Important information - investors should note that the views expressed may no longer be current and may have already been acted upon. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.