Invest £100/M, worth it?

BlueTree

Hi,

Basically I have £100 a month which I would like to invest in shares/stocks.

I have suffiicient income at the moment to not worry too much about losing the £100/m, so wouldn't mind a riskier option for a punt of higher gains (although it would be great if I didnt lose all my money

I would be looking for growth rather then income, over the longer term, 10-15 years.

But I am wondering if £100 a month a sizeable amount to make it worthwhile?

And where would be the first place to look for the right investments? My bank has suggested some ideas but they suggest I need to invest more?

Any advise would be great, thank you!

Lokolo

Do you know what funds are?

If you want to invest shares, then you want to spread the risk around a number of shares so you haven't got all your eggs in one basket. The only problem with this is, the amount you are put in will get eaten up by charges. It costs to buy and costs to sell.

dunstonh

Timescale is fine, so the amount is fine.

My bank has suggested some ideas but they suggest I need to invest more?

Your bank can only suggest ideas as tied sales reps are not allowed to recommend specific investment funds. They provide you the options they have from their limited range and you pick them. They want you to invest more as they get paid more.

And where would be the first place to look for the right investments?

If you want advice you should use an IFA. If you want to DIY then use a direct fund supermarket like hargreaves lansdown. NEVER EVER EVER use your bank for investments. Thats about the worst place to get financial advice.

BlueTree

Thanks Lokolo and Dunstonh for the replies.

Yes I would prefer to invest in a fund where specialists would select the shares, rather then investing in specific shares myself. Averagely speaking, what would be the annual charges on funds?

I would also prefer to self-select the fund(s) so I will take a look at Hardgreaves Lansdown. Are Interactive Invester and Selftrade any good?

Also, would it be benificial to put my investment into a S&S ISA?

Thanks

Lokolo

iii and Selftrade are good for individual shares.
HL are good for funds.

There are number of fund filters out there, iii have one, Morning Star have one.

If you want to see charges just go to HL and search for it,

Example:
http://www.h-l.co.uk/funds/security_details/sedol/3382835

1.25% charge each year.