Investment advice

Johnny_Hamster

Good Afternnon

Just gone through our various accounts - we've accumulated just under 30K, but think I should be managing this money a bit better - any advice welcome, or should I see a financial advisor - how do they charge for their services?
£9500 in old Halifax liquid gold in son's name (aged 13) - this is an accumulation of family allowance over the years
£8500 in Sainsburys Internet Bank account
£2100 in Halifax ISA
£2600 in Nationwide Flex account
£1400 in old Halifax liquid gold account in daughters name ( age 10 )

£2500 in Nationwide Smart Account for Daughter
£2700 in Nationwide Smart Account for son
Both these accounts currently receive £50 pcm each from my Mother who is offloading some surplus money.

At the moment, we can probably put aside £500 pcm , also 2010 or 2011 I am considering a new kitchen ( approx £5K )
Also allow for annual family holiday ( usually comes out around £2K )

Any advice welcome. Thanks

Lokolo

The ISA. How much have you deposited in this account since April 6th 2009?

dunstonh

any advice welcome, or should I see a financial advisor - how do they charge for their services?

At the moment you have no investments. So, what is your knowledge about investing and could you do it yourself?

Charges will vary depending on the adviser. Its a bit like asking how much will a plumber charge for doing a job. You dont know until you ask. Some may be cheap, some may be expensive. Some may be good, some not so good.

£500pm is a good regular amount and deserves some invesment exposure for some of it if you have the timescale. Your short term expenditure shouldnt be invested but some of the rest could be depending on your risk profile.

happyrichard

Hello. Not sure if this is the right place, but as far as investment advice is concerned, I am wanting to know if there are good FTSE tracker bonds to sign up to that guarantee your original amount, and hopefully get a good return!

Thanks!

Johnny_Hamster

300 pcm goes into Halifax ISA, normally pay for Holiday out of that.
Regarding Investments - I know very little, but quite happy to 'have a go' . I'm also with Civil Service union Prospect which I believe offers financial services, but not sure if they're tied to a particular company.
Not looking for high risk returns. Also need to think about kids ( 10 & 13 ) through college, although my Mum has a ( I think ) annuity which gives her a small income, but the 27,000 is split between three grandchildren ( two of which are mine)

Lokolo

happyrichard wrote: »

Hello. Not sure if this is the right place, but as far as investment advice is concerned, I am wanting to know if there are good FTSE tracker bonds to sign up to that guarantee your original amount, and hopefully get a good return!

Thanks!

Nope. That would mean its not really an investment.

happyrichard

Nope. That would mean its not really an investment.

:mad:Lokolo- you'll note that this was one of my first posts on this website, but I have been reading it for about 2 years. This is one of the few times that I have to say that I am surprised by someones lack of help. I asked a genuine question. I did not know whether it was the right place for the post- I appreciate that I may not be an expert at this, but your comment is so unhelpful you might as well have said nothing. I hate to get all technical on you, but my idea about investing money in a FTSE tracker is an investment. To define an investment, it is a choice by an individual or an organization such as a pension fund, after at least some careful analysis or thought, to place or lend money in a vehicle (e.g. property, stock securities, bonds) that provides the possibility of generating returns over a period of time.

I just wanted advice, not some sarky response from someone who seems to not know much.

Lokolo

happyrichard wrote: »

:mad:Lokolo- you'll note that this was one of my first posts on this website, but I have been reading it for about 2 years. This is one of the few times that I have to say that I am surprised by someones lack of help. I asked a genuine question. I did not know whether it was the right place for the post- I appreciate that I may not be an expert at this, but your comment is so unhelpful you might as well have said nothing. I hate to get all technical on you, but my idea about investing money in a FTSE tracker is an investment. To define an investment, it is a choice by an individual or an organization such as a pension fund, after at least some careful analysis or thought, to place or lend money in a vehicle (e.g. property, stock securities, bonds) that provides the possibility of generating returns over a period of time.

I just wanted advice, not some sarky response from someone who seems to not know much.

Get out of the wrong side of the bed this morning did we?

You asked for an investment which gaurentees you don't lose any capital.

THEY DO NOT EXIST. THATS WHAT SAVINGS ARE FOR.

I answered your question, just because its not what you wanted to hear, no need to get stressy about it.

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If you're that desperate for an investment then go for a GEB. Although they're a poor choice, you keep your capital and may make a return, may not.

http://new.egg.com/visitor/0,,3_101404--View_2140,00.html

An example of one.

happyrichard

You asked for an investment which gaurentees you don't lose any capital.

THEY DO NOT EXIST. THATS WHAT SAVINGS ARE FOR.

I answered your question, just because its not what you wanted to hear, no need to get stressy about it.

You did not answer my question. There is no reason for investments to have an element of risk. Not all investments have risk attributed to them. They do exist, but I was wondering whether any people had specific knowledge of them- you most certainly do not! Stroud and Swindon offer a guaranteed equity tracker bond (can't post link as I am a new member).

I slept well last night thank you for your concern.

Lokolo

happyrichard wrote: »

You did not answer my question. There is no reason for investments to have an element of risk. Not all investments have risk attributed to them. They do exist, but I was wondering whether any people had specific knowledge of them- you most certainly do not! Stroud and Swindon offer a guaranteed equity tracker bond (can't post link as I am a new member).

I slept well last night thank you for your concern.

No problem. Next time, maybe not be so rude?

I have edited my post to say about GEBs, but they are a poor investment choice and most would stick to savings as they are that bad.

If you wanted specific information about a certain investment, which you clearly already had in mind, why did you not ask about this instead of a general question about investments?

---

http://www.stroudandswindon.co.uk/guaranteed_capital_plus_account.aspx

This the one you were thinking of?

happyrichard

Lokolo wrote: »

No problem. Next time, maybe not be so rude?

I have edited my post to say about GEBs, but they are a poor investment choice and most would stick to savings as they are that bad.

If you wanted specific information about a certain investment, which you clearly already had in mind, why did you not ask about this instead of a general question about investments?
QUOTE]

Me rude- your one liner of "Nope. That would mean its not really an investment" was charming...:rolleyes:

I did not want specific advice on a specific investment as I only found this one when I thought I should back my point up with an example of how you can have an investment without risk.

I note that you are yet to graduate- some way to go obviously.

Thanks for your words of wisdom. I will search in another area for advice and I will try and be more specific and clearer to ensure that people are able to help me.

Apologies if this comes over as rude, but I started my post purely wanting advice- not to be told I knew nothing.