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invest help
the_mackem
Posts: 129 Forumite
7000 pounds to invest in what ideas please,sorry to be a bit vague no idea in investments, thought isas.
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Comments
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sorry to seem ignorent but should i be reading any of the threads below,to give me an idea.0
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ISA is the first logical step as you have a £7200 allowance and your £7000 easily fits within that.
Next is the hard part and that is the choice of investment. There are tens of thousands of options here (flexibility is one of the advantages of an ISA but it does mean that it can add confusion if you are not clued up on investments).
Do you want to invest in shares or investment funds? Usually the latter is better for the inexperienced investor. What sort of risk profile do you have (best worded in how much you would be prepared to lose in a 12 month before before you got cold feet and pulled out? 10%, 20%, 30% etc)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Depends how much risk you are willing to take. Some good cash ISA's at the moment but you will be limited to £3600 put the rest in high interest account and put it into the cash ISA next year. (if you are interested in low risk)
Higer risk would be some sort of equity ISA (check the supermarket type) or split between both cash and equity.Just A Grumpy old Jedi0
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