£500

davep123

Hi,

I have £500 to invest (gift from my Mum) for long term/low risk saving.

Your recommendations please.

Sceptic001

Index-linked national savings certificates.

The nearest you will get to zero risk and guaranteed to rise in line with the retail price index + 1% per annum.

gozomark

Do you mean low risk or zero risk ?

sabretoothtigger

500 is just about enough to invest in a pacific index tracker. For a ten year investment, I think thats pretty low risk and likely to capture some of the gains in Asias rise.

Others would say this is high risk, I would argue its a hedge against a weak pound which will effect your mom.
Unforunately the choices are personal, most people just choose simplest choice of which Sceptic already gave some good advice on

glider3560

Does the OP mean invest as in savings accounts with a bank/building society or invest as in stock/shares/funds/etc??

vaporate

I would stick that money in a savings account. Then maybe read up on stocks/shares ect before you venture into that area.

Maybe push the pot up abit before you do too as £500 isn't that much.

Check the Saving/Banking section at the top for best saving rates.

gozomark

vaporate - its etc not ect :-)

DiggerUK

davep123,
Buy yourself 3 gold sovereigns, absolutely no risk you will lose the shirt off your back.
What you gain will be down to the rise in price. There is no tax to buy, and none when you sell. 100% tax free.
As a price guide try here, they update at am and pm London Gold Fix.
http://www.elminvestments.co.uk/gold-coins.html

Best of fortune.

rictus123

£500 would be best in a savings bond. Tie it up for 5 years at a fixed high apr

caroline1973lefty

hi, can i just ask, re the index linked savings certificates - i see there is a 3 year term and a 5 year term and it says you sacrifice the interest if you cash in within the first year.... but does that mean that if you cash in after 2 years (say) you don't lose anything?

Baldur

caroline1973lefty wrote: »

hi, can i just ask, re the index linked savings certificates - i see there is a 3 year term and a 5 year term and it says you sacrifice the interest if you cash in within the first year.... but does that mean that if you cash in after 2 years (say) you don't lose anything?

The interest rates that you would receive, if cashing in after the first year but before maturity vary, see http://www.nsandi.com/products/ilsc/rates.jsp and Sections 4 to 17 of the Ts & Cs http://www.nsandi.com/products/ilsc/tandc.jsp