£1000 - I would like to learn to invest, can anyone advise how to start?

EnzoMan

bendix wrote: »

Given the questions the OP is asking, I suggest the best way to invest the money is buy an Idiots Guide to Investing book for £20 and do nothing with the £980 until he's learned some basics.

I'm in agreement

caelshorn

I think I'd better buy a book like that, too, I was just hoping there would be something online to save me that £20.. seeing as this is MSE... anyway, I don't have a problem deciding what to invest in, it's the actual practicalities of getting an "ISA wrapper", choosing between a broker or supermarket and how to actually "open an account" or whatever it is you do with them. And understanding the terms. I'm really interested in the Aberdeen Emerging Markets Fund as part of my ISA allowance this year, but when I look at my Halifax fund info page (access through my company's SAESOP scheme) they have two different ones (Fund A Acc and Acc NAV???) with different charges and different values...

Svenena

If you guys don't want to shell out for a book on investing, you might find these links helpful: http://www.fool.co.uk/Investing/guides/The-Difference-Between-Saving-And-Investing.aspx?source=uhpsitts0000001 (see the links on the right hand side for the rest of the guide), http://www.fool.co.uk/Your-Money/guides/ISA-Basics.aspx?source=uhpsitts0000001 (again, more links on right), http://www.which.co.uk/money/savings-and-investments/ (scroll down to the bottom for info on investments).

psychic_teabag

There's also http://www.candidmoney.com/

And/or check out your local library.

xrjtg

EnzoMan wrote: »

I would prefer to just use this extra £1000 to do something with, also knowing that I could loose it.

If you did decide that buying funds through HL was the right way to go, then you can still use the monthly investment service to invest the lump sum: just cancel your monthly instructions (which you can amend at any time) once the £1000 you were prepared to risk has been invested.

Toby1990

Buy the Naked trader, explains it in a really laid back manor, it's around £10. I didn't have a clue but now I do know what it is all about etc, just got to find a company to invest in now! If your serious about it you have to not worry about about buying a book for £10. As you'll probably get that tenner back anyway!

Credit-Crunched

To be honest if you are asking this question, then dont invest.

I spend on average about 10-15 hours reading RNS's, past performance, web sites, periodicals, geology surveys, news reports, web posts etc and I still get it wrong at times.

If you really want to invest then think of an area, I prefer AIM share Oilies due to the possible gains and variety of penny shares, done very well with Range and RKH, nearly lost a lot with DES!

Read up, research, and read some more, then invest

HOWEVER ONLY INVEST WHAT YOU CAN AFFORD TO LOSE :cool:

If you think, if i lost all my money i would be screwed, dont do it.

keep a capital reserve of about 3 - 5 k before even considering.