saving

garcon6

I would like to save a regular amount each month such as 30 pounds whether through shares etc but i am not sure what is really a good investment, and I do have an ISA.

Any ideas?

thanks,

garcon6

Cautious_Investor_3

Hi

Much depends on what you are looking to save for, if you are saving for the short term e.g. less than 3 years then conventional wisdom holds that deposit accounts are the best as they cannot fall in fall, and are safe and secure.

However if you want to invest for the longer term and are prepared to accept a greater degree of risk then equities (stocks and shares) might be for you.

You will struggle to invest £30 per month in directly into shares and this is probably not a wise move anyway as dealing costs will eat away much of your £30. You could select a Unit Trust or Equity ISA though and go for a provider with a low minimum premium.

I hope this helps.

Cautious Investor