Thinking about investing? There are compelling reasons for moving at least some of your money away from standard savings accounts and into the stock market. There are also risks, but over the long term the rewards can be better.

Many people are put off by the idea that you need to be wealthy to start investing, or over a certain age. But even if you can only afford to set aside £50 a month, it is worth considering. And while there are important factors to consider before you start, it is rarely too early, or too late, to take the first step.

For most people, choosing funds will be a better option than buying shares (also known as equities or stocks) in an individual company. Funds let you spread your risk, and give the job of buying and…