Introducing Moneybox Stories. A series where we talk to our community about how you’re turning your money into something greater with Moneybox. Meet Amit…
“I wanted to invest my money so it could work harder for me.”
When Amit turned his love for photography into a career he began looking for ways to create more financial security for himself, he says: “I feel really grateful to have a job that I love because not everyone is so lucky as to turn their passion into a career. My entrepreneurial parents have been amazing role models and taught me to go for what makes me happy.”
“Being self-employed is wonderful but it also comes with downsides, for example you can’t be sure how much you’ll earn each month. I needed to find a way to make my money go further, so that I can continue to do what I love.”
Find out how his Moneybox Stocks & Shares ISA enables Amit to pursue his dream career…
How could the Moneybox Stocks & Shares ISA help you?
A Stocks & Shares ISA is an Individual Savings Account that allows you to invest into the stock market. The Moneybox Stocks & Shares ISA enables you to invest in thousands of global companies such as Netflix, Disney and Amazon through a range of tracker funds. You can also choose to invest in ESG funds that track companies which adhere to Environmental, Social and Governance principles.
You can invest up to £20,000 into your Stocks & Shares ISA and you won’t pay tax on any of your returns.
“Let your money grow over large periods of time so it can blossom.”
Amit compares investing into his Stocks & Shares ISA to growing a plant, saying: “Nothing grows overnight. It takes time to plant your roots and let it blossom. If you’re willing to leave money and let it grow, you’re going to benefit from that.” That’s all thanks to the long-term nature of The global network of stock exchanges that lets investors buy and sell shares in publicly listed companies. growth, especially when compared to holding your money as cash.
For example, £1,000 invested in our Balanced Starting Option at the start of 2012 would’ve been worth £2,763 at the start of 2022, compared to just £1,158 if saved in cash.
Returns are based on our Balanced Starting Options average annual return of 10.9% from 2012 to 2022 and include fees. Historic performance doesn’t guarantee future returns, so it’s important to remember that investing involves risk and you may back less than you invest.
🎓 Learn everything you need to know about investing with our user-friendly Investing Academy.
All investing should be regarded as long term (minimum five years) and historic performance isn’t a guarantee of future returns. The value of your investments can go up and down, and you may get back less than you invest. We don’t provide investing advice, and investors should make their own investment decisions or contact an independent adviser.