first investment

millwalll

hi all really could do with some help im 23 and i want start to look at a invest to hopeful gain a profit but i really dont know where to start or what to do im still at home with parent so this give me a big advantage as i dont have any bills i jsut open a isa account and put some saving into that to maxmise intrest however i dont earn alot of money and dont havr alot of saving so am i best to buy shares or premium bonds or am i best to try and buy house then rent the house out or am i best to try start my own business selling stuff on ebay

any help or advice would be very nice many thanks in advance :money:

equitydealer

If you don't earn a lot of money then I would suggest that you do not go for property as it is both expensive and complicated.

If you have less than £1000 to invest in shares I would go for Halifax's sharebuilder scheme. It is the best way to gain exposure to the stock market in a small way

http://www.halifax.co.uk/sharedealing/sharebuilder.shtml

If you can invest more than £1000 you can try picking your own shares. You can purchase shares through a stockbroker like Halifax/Barclays/Lloyds TSB. The stock market can look daunting to first time buyers and there are many things to look out for. The best way to learn about buying/selling shares is by reading the following

http://www.fool.co.uk/lrninvnov.htm?NavLoc=LN&NavFrom=home&NavTo=investingBP

As regards Premium Bonds I am a fan of this type of investment. Your chances of winning the £1m prize are 1 in 13bn but you don't lose your investment. You only need £100 to be in with a chance of winning. Read here for more information, you can even buy your premium bonds online.

http://www.nsandi.co.uk/

Make sure you read through as much information as you can on shares and premium bonds. Never rush into anything and do not feel compelled to buy shares or premium bonds.

Good luck!

millwalll

ok thanks for that had a little look on the site got a few question

the shares how do they work is it case u buy low and sell high or if u keep them do u get a percentage of the companys profit for every share you own at the end of the year


and with the Premium Bonds is it just like a lottery execpt you dont loss your money would the money u spend on them not just be better off in a isa account least u earning a profit all the time ?

richgirl

millwalll wrote:

ok thanks for that had a little look on the site got a few question

the shares how do they work is it case u buy low and sell high or if u keep them do u get a percentage of the companys profit for every share you own at the end of the year

They are called dividends and tend to range between 0% and 8% so quite varied.

millwalll

once u got that dividends does that change at all so let say the price of the share falls will the dividends fall too or is it fixed. also is the dividends fixed to how many shares u own let say i buy one share and the dividends was 2% then if i brouhgt another 1000 shares would the dividents stay at 2% or would it go up becuase i own more

yesbutnobut

oops - I didn't mean to thank you !!!