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Long term investment / savings
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do you not incur a purchase charge every time your monthly amount buys shares then?Aug 24 - Mortgage Balance £242,040.19
Credit Card - £8,141.63 + £4,209.83
Goals: Mortgage Free by 2035, Give up full time work once Mortgage Free, Ensure I have a pension income of £20k per year from 20350 -
Accountant_Kerry wrote: »do you not incur a purchase charge every time your monthly amount buys shares then?
For shares buy monthly using Natwest or Halifax, it costs £1.50. If you buy in the h-l ISA it's At least a tenner more . The funds on h-l are 0 charge mostly .depends on how much of your mix is shares vs funds. Share prices fluctuate a lot - just look at the banks to see how much you can lose from so called safe shares had you bought in lump sums at peak prices. I think your better off with funds or investment trusts initially. Might be worth looking around depending on what you decide but you have to spread it around quite a bit to diversify risk holding single company shares....0
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