Jasmine Birtles
Your money-making expert. Financial journalist, TV and radio personality.
New Investor
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An easier way to get your money to work for you
Moneymagpie Team
14th Jul 2025
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Investing is a fantastic way to make money with minimum effort. Effectively you give yourself the opportunity to make money while you sleep. In essence, all you do is put cash into investments (ideally wrapped in an ISA so that you don’t have to pay tax on the gains) and wait for it to grow.
So why don’t more of us do it? Why do so many of us mean to set up that fund or buy shares in a good company, but by the end of the year…well…we just haven’t?
Part of the reason must be the bewildering array of possible companies, funds and products that are available to us to choose from. It’s hard to know which is the best one to go for.
That ‘tyranny of choice’ can often paralyse us! There are many, many companies and funds that you could invest in and, rightly, the Financial Conduct Authority (FCA) is keen that no one is pressured into investing into any one product, so much of the time we’re left on our own to choose the right thing. If you can’t afford to get a financial advisor to work it out for you, it’s hard to know where to go for direction!
Just a nice, easy, moderate fund
You could pick shares in some up-and-coming companies and potentially make a killing that way. We have articles on how to pick shares, so if you’re interested in that then take a look.
But if you have better things to do with your time than watch the progress of a particular company all the time, you’re better off investing in a nice, diversified fund. A fund allows you to invest in lots of different things in one convenient place: a big time saver!
But which fund?
There are a lot of funds that do well over time for their investors. If you have one that is well-diversified – that is it invests in different types of companies and products in different geographical areas – you can often do pretty well over time.
One that we like – because we know the company – is the NuWealth ‘MyGoal’ set of funds.
NuWealth is run by the well-established wealth management company Quilter (you may remember that we had one of their advisors on our latest webinar here). But it’s an easy-to-use app where you can set up regular savings or deposit lump sums to build up wealth for you and your family.
The MyGoal products are five low-cost, passive funds (i.e. they’re run by computer rather than having a human fund manager to pick investments). They are actually run by Quilter (the ‘Quilter Cirilium Passive Funds’) so you have the security of knowing that a well-established, FTSE250 company is running your fund for you.
The funds are known as OEICs (Open Ended Investment Companies) which makes them flexible as they can create new shares to meet investor demand. They are also companies in their own right and shares in them can be bought and sold in the same way as you can with other companies.
The five MyGoal funds are graded according to how risky they are. You will see on the NuWealth site that there is the ‘Conservative’, the ‘Balanced’, the “Moderate’, the ‘Dynamic’ and the ‘Adventurous’ funds.
If you’re in your 20s or 30s and you are willing to take extra risks to make good money, you should take a look at the Dynamic and Adventurous funds.
Those who want really low risk (although remember that with low risk you often get lower returns), the Conservative and Balanced funds are worth a look.
However, if you’re looking for slow and steady growth to build wealth for your future and your family’s future, then the ‘Moderate’ fund offers decent growth without too many big ups and downs! It’s mid-risk and its performance and make-up is comparable to the popular Vanguard LifeStrategy 60 fund.
Returns for the Moderate fund (before fees) have been cumulatively 19.3% over the last 3 year reported period (see their factsheet here) While past performance can give you a helpful indication, it’s not a guarantee of future results so it’s really important to remember the value of your investments can go up and down.
Even more impressively, if you invest through using our special code (see below) you will be charged much lower fees for the first year.
Make more, pay less
The great thing about NuWealth is that their fees are low already. They charge £2 per month for their Standard plan which includes their ISAs, and General Investment Account. It covers transaction and investing costs and gives you access to the Learning hub and Auto invest.
There is also a platform fee of 0.25% of your portfolio value, (so, £25 per £10,000 per year, charged monthly).
But….if you invest in one of NuWealth’s MyGoal funds by using our promo code MM2025 when you sign up, your platform fee will be refunded after the first 12 months. That means that if you put in £10,000 you would save £25 and if you managed to put in the full £20,000 for a stocks and shares ISA, you would save £50.
An important reminder
There are no guarantees with investing; the value of your investment can rise and fall over time. However, the regulators (FCA) say that: “Investing should not be viewed as a short-term solution to a problem. Investing over a timeframe of at least five years can give your investment more opportunity to ride out any short-term performance dips.” Also with ISAs remember that tax treatment depends on your individual circumstances and may be subject to change.
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