Small monthly saving in longterm plan

PM

Can anyone suggest a Long term monthly saving plan in which I can stick around £50 monthly?

was offered an ISA in stocks and shares but I dont think any point with initial 1k at moment.

opinions4u

Okay, assuming this is all you wish to "risk" on the markets here's what I'd do:

1) Register at www.topcashback.co.uk or www.quidco.com (these are cashback sites that reward you for shopping online).

2) Search for Legal & General with the cashback site.

3) Purchase any of the L&G ISAs that you feel meet your needs. Check out the small print and charges before you apply.

4) Receive an £85 cashback for doing so!

My view is that an £85 gain from a relatively small investment is a great start, as long as you are aware of what the markets can do (zigging, zagging, booming, busting etc).

As you build up a more substantial fund I would suggest considering professional advice from an IFA.

There may be lower charge investments out there. But this gives you a kick start in to the habit, so I like it.


If you don't want to expose yourself to the risks of the markets, I'd suggest browsing regular saver accounts at www.moneysupermarket.com/savings, opening an account that's best for you and then reviewing your options in 12 months time.

Fur156

On inspection of the L&G Isa.
All applications needed to be in by the 14th of March.

Looked a good cash back deal.

PM

Natwest was trying to get me to open that. My endownment came through this month from L&G thanks god it did well! So I think I may go with L&G again some point.