Should i save or invest??

dunstonh · 16 November 2012 at 1:15PM

nicknameless wrote: »

Am I stupid to have started holding a range of HSBC trackers via their global investment centre then, or is the above a generalisation?

Dont mix up bank products supplied to the whole of market with bank products retailed in branch. In branch, HSBC would usually try and flog their awful world selection portfolio funds for example.

kylehp04 · 21 November 2012 at 6:08PM

If you don't want to risk any potential losses then don't invest. However if you do decided to invest, make sure you find out how much your bank or provider will charge you in fees because this could eat into a large sum of your investment.

Make sure you do some research first. Do you want to invest in a stocks and shares isa? If so the limit for this financial year is £11,280. Do you want to invest in funds? You can open your ISA with your bank or go through an IFA or you can choose to DIY investment provider.

There are many things to consider when investing. Like how long you want to invest for, do you have a target amount? Etc

There are a few blogs that will help you research.

Here are some links:
http://monevator.com/category/investing/
https://www.rplan.co.uk/forum/-9/rvoice-the-rplan-blog
http://www.sterlingeffort.com/category/investing

lvader · 21 November 2012 at 10:19PM

Nothing wrong in buying shares as a 2-3 year investment as long as you accept the relatively high risk. I've bought shares, doubled my money and sold within less than a month. I've aslo had a couple turn out do be complete losses less than a year after buying them. I don't see the point of holding onto shares for the long term just for the sake of it, buying low, selling high, then buying low again works for me.

Should i save or invest??

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