Money help
- Thread starter Bakedgoods
- Start date
- Joined
- 31 Dec 2003
- Posts
- 5,173
- Location
- Barrow-In-Furness
I pretty much guessed that was the case, i'm sure they are aware but they must simply make more money from it.
I really need to learn about doing this..
I really need to learn about doing this..
If you want to start investing on the stock market I'd recommend you look at a unit trust or OEIC.
These are managed funds, which often invest in a number of different countries and sectors. You can choose from a number of different 'funds', from those based only in the UK, in particular sectors, to those that have different levels of risk etc.
Investing monthly like you plan to do is the best way of investing in such a fund because you are not so at risk from the ups and downs on the stockmarkets. Buying in one go can be more risky if you don't know what you are doing because you may be buying just before the market drops.
You can also use an ISA 'wrapper' on these types of investments assuming you haven't already invested in a Maxi-ISA in the current tax year.
Have a look at www.iii.co.uk if you want to learn more.
Good luck.
These are managed funds, which often invest in a number of different countries and sectors. You can choose from a number of different 'funds', from those based only in the UK, in particular sectors, to those that have different levels of risk etc.
Investing monthly like you plan to do is the best way of investing in such a fund because you are not so at risk from the ups and downs on the stockmarkets. Buying in one go can be more risky if you don't know what you are doing because you may be buying just before the market drops.
You can also use an ISA 'wrapper' on these types of investments assuming you haven't already invested in a Maxi-ISA in the current tax year.
Have a look at www.iii.co.uk if you want to learn more.
Good luck.
Dragging up an old thread here, but if you really want to invest in stocks and shares yourself, but in low amounts, I would recommend something like Halifax Sharebuilder:
http://www.halifax.co.uk/sharedealing/products/halifax_sharebuilder.asp
Allows you to invest in shares without having to purchase 'whole' amounts of shares - your purchases are pooled with other customers so you can own fractions of a share.
Downside is dealing only takes place on set days, so isn't immediate - but this isn't too much of a problem for long term investing.
http://www.halifax.co.uk/sharedealing/products/halifax_sharebuilder.asp
Allows you to invest in shares without having to purchase 'whole' amounts of shares - your purchases are pooled with other customers so you can own fractions of a share.
Downside is dealing only takes place on set days, so isn't immediate - but this isn't too much of a problem for long term investing.