M&G (LON: MNG) is a London-based manager of assets including property, stocks, and fixed-income assets. Their services have been used by private, institutional, and professional investors since 1931.
Find our complete step-by-step guide to investing in M&G shares below.
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Step 1: Choose what broker to use
M&G is listed on the London Stock Exchange. Your broker will need access to this exchange to buy shares. Most brokers also have access to trade other exchanges.
When choosing a trading platform, attributes to consider include commission (also known as brokerage), a high-performance trading experience, access to the leading stock exchanges, and a choice of investment instruments.
Another fee worth checking before signing up is their foreign exchange fee, charged when making overseas investments. This fee varies between brokers.
If you aren’t sure about a broker, you may be able to sign up for a demo account, which you can convert to a trading account if you are satisfied with it.
Step 2: Fund your account
You'll need to have cleared funds in your account before you can invest.
To fund your account, use a bank transfer or debit card. Credit cards and PayPal may be accepted by some brokers, although these options are less widely supported.
Note that some brokers have a minimum deposit requirement, while others don’t.
Step 3: Set your investing budget
You should expect the value of your investment in shares to fluctuate with the market. Think carefully before you invest and remember that you should only invest money you can afford to lose.
Resist the fear of missing out on an opportunity. You can purchase additional shares at a later date when your budget permits.
Step 4: Share or ETF?
Rather than investing in just one single business, an ETF (Exchange Traded Fund) is a type of investment instrument with exposure to a pool of companies.
Although risk can never be fully removed, an ETF’s diversified nature means they are typically a less volatile way to invest.
ETFs with exposure to M&G include iShares Core MSCI EAFE ETF (IEFA), Vanguard FTSE All-World ex-US Index Fund ETF Shares (VEU), Schwab Fundamental International Large Company Index ETF (FNDF), and Global X SuperDividend ETF (SDIV).
Step 5: Configure your order
If you just want to buy shares now, you can use a market order. This means the broker will purchase M&G stock at the next market price.
If you have a strategy in mind or want to build your position over time, you can create trigger orders that are automatically executed, for example, buy or sell shares when they hit a certain price.
Press releases, company statements to the stock market, and any business results that M&G publish will keep you up to date and informed. They can also move the share price up or down. Employee reviews are also a surprisingly useful source of information, giving some insight into how the company operates internally.
To get a better appreciation of M&G and the market they operate in, monitor competitors such as RBC Investor Services, Fidelity International, and Prudential (LON: PRU).
Bear in mind that people tend to make smaller contributions to their pensions — and will save less in general — when money is tight. The property market is also likely to have an impact on the share price.
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