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Investment Newbie Advice required for Saving £300-400 P/M

dapoodee
dapoodee Posts: 33 Forumite
in Savings & investments
I am looking to Save/Invest £300/400 per month for a year, what is the best option of doing this?

Comments

  • dunstonh
    dunstonh Posts: 120,005 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    You have a range of about 10,000 options available for you. You havent given us any information to help reduce those options down. Can you?
    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.
  • dapoodee
    dapoodee Posts: 33 Forumite
    ok well currently I am using my Halifax 10% child saver accounts, but I want to know whether I can earn more with my £300-400 per month. I'm not too clued up with whats hot out there. I not too bothered if I can access the saved money during the year. I can save over a longer period too,

    Is that enough info?
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    dapoodee wrote:
    Is that enough info?
    The majority of '10,000 options' that dunstonh meant are investment products. You are 'looking to Save/Invest'. 'Save' usually means risk-free. Investments are always risky. If you want to invest the main question is your attitude to risk. Usually the higher the risk, the higher possible gain/loss.
  • dapoodee
    dapoodee Posts: 33 Forumite
    Sorry I'm with you now, I would like to know what the best option for risk free savings would be?
This discussion has been closed.
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