Saving advice

Booth_2

currently paying £600 per month into stocks and shares isa to fund our son into university in a couple of years time and wondering whether to continue or stop and put money into a high interest account

Lokolo

If its for a couple of years then its worth just putting in a savings account, investing is really for longterm goals of around 5 years and more.

Booth_2

already had it for a couple of years but state of stock market at the moment has got me jittery. not sure whether to leave what i have accrued or transfer into high interest account

Lokolo

Is it in the + or -?

If you have had it in 2 years already I would leave it and hope for the best (dunstonh may agree or disagree but his advice is a little better than mine).

mw2655

You might want to put 10% into gold...

i wish i had yesterday, gold went up $100/oz..

i'm not talking about hiding gold bars under the floorboards, have a look at PHAU which can be held in a S&S ISA.

http://www.h-l.co.uk/shares/security_details/sedol/B1VS377

i bought some a while back and it's doing ok.

but don't invest if you don't like volatility!!!

cheers matt