spare £20 a month to "invest"

[Doomcow]

right, ok so i see all these "£50k to invest" threads... what about the converse.

i have £300 to invest off the bat, i have £20 per month to invest thereafter.

i have a savings account which i dont want to keep it in, i dont want a monthly saver (lets face it, you miss a payment or want to withdraw and they take the total mick), and my cashISA for the year is at max...

what do i do, being a small time "investor"? thoughts? suggestions?

should i invest it in my local pub?

[Lokolo]

Unfortunately £20 a month isn't really enough to invest. Really requires more than this because of limits and fees.

As you said, even though you don't want to, saving is the best option.

Wait until you have more money, maybe around £1000. Or can afford £100 a month, then investing is a viable option.

[opinions4u]

Go for a monthly saver and make sure you don't miss a payment!

[Doomcow]

fair dos.

if i did have £1k and £100 a month, what would you suggest then?

ive tried reading into funds and shares n everything but its pretty complicated

[Lokolo]

ok shares are invesntments in companies. these are quite risky as you are just putting money into one company, anything could happen.

Funds are basically groups of shares. They are run by a fund manager. The fund manager spends all your money on numerous shares (many many many) to spread the risk (if company A lost value it would have a miniscule effect etc.). Funds are usually in particular areas, so the FTSE100, Global Growth, Income etc.

I invest £100 a month in funds (2 funds x£50 each).

Its basically upto you, but they are longterm. 5+ years. I plan on keeping them until I am 30 to hopefully buy a business (I am 19 at the moment, but in 3 years I plan to put a lot more than £100 a month in!!)

[p1an0player]

not all monthly savers have strings attached

i think the barclays one is ok, if you miss a payment they don't mind

[dunstonh]

There are a handful of fund houses that will do £20pm still. Inv Perp comes to mind as one example. I think M&G do as well. As for singles though, £500 is still the minimum.

[Lokolo]

There are a handful of fund houses that will do £20pm still. Inv Perp comes to mind as one example. I think M&G do as well. As for singles though, £500 is still the minimum.

Everything else I said is right though?

I think I'm getting good at this :)

[dunstonh]

Everything else I said is right though?

I think I'm getting good at this :)

You didnt see any corrections from me did you? ;)

I wont need to post soon. You will say it all for me.

[Doomcow]

lol, thanks.

dunstonh/lokolo, what does "As for singles though, £500 is still the minimum." mean?

[Lokolo]

If you want to invest in something as a one off, not a monthly contribution.

[Doomcow]

ah.. in a fund you mean?

[Lokolo]

Yupo!

They're a good starting place :)

[Doomcow]

right, well i'll look into funds then for something a bit different - ty for advice :)