£50 a month to invest!

danster

hi all,
ive been paying £50 a month into an mini cash isa with scottich widows. its being used on the american stock exchange. i know these things should be viewqed long term, but im losing big time and want to stop his isa. does anyone know whats isa i could put my £50 in? or would there be a better way to invest it? i just want to pay £50 a month into an investment and forget about it until i need it sometime in the future.
cheers
- D

ceegee

Are you sure it's a cash ISA? Sounds a bit strange if it's invested in US stock market.

Rafter

Not a good time to be investing in the american market. The poor performance has probably been more due to exchange rate movements.

You seem to suggest wanting to invest longer term but the risk of investing in the US market seems a bit high for you.

I'd suggest sticking with the stock market but going for a low cost index tracker.

If you aren't prepared to take the risk on stock market movements, a cash ISA is your best option, but in the longer term the returns probably won't be as great.

Alternatively, if you have a mortage, it may be worth overpaying that and paying off your mortage earlier.

R.

danster

hi guys,
i would like just a low risk investment. i dont take a great interest in fiscal matters (my time is taken up with work mostly). i just want to lock 50/100 squid a month away somewhere and come back to it in a few years. i have my usual savings with ING who have been really good so far.
at the moment with my mini isa im about £800 down which doesnt sit well with me.
any ideas on the best mini isa at the moment?
thanx for the help
- D

Walletwatch

danster wrote:

hi guys,
i would like just a low risk investment. i dont take a great interest in fiscal matters (my time is taken up with work mostly). i just want to lock 50/100 squid a month away somewhere and come back to it in a few years. i have my usual savings with ING who have been really good so far.
at the moment with my mini isa im about £800 down which doesnt sit well with me.
any ideas on the best mini isa at the moment?
thanx for the help
- D

50-100 a month!! Wow, unfortunately, I don't dig squid, the taste doesn't agree, else I would offer my fridge as a warehouse for it...

Having said that, if you're looking at a low-risk investment, what are you doing with an equity ISA anyway - bung your money into a mini-cash ISA, the best in the market offer between 5 and 5.35% taxfree. A suggestion is the Abbey postal ISA.

muckell

Have you thought about using the Halifax Sharebuilder account, it is £1.50 per trade, (regular each month).

I use it for £200 per month which i invest into HYP shares, i try to go for shares which yeild higher than 4.5% on dividents, and re-invest all my dividents. Which the Halidax sharebuilder does free of charge (apart from stamp duty, of course)

Afew good shares to look at are United utilities (yield 6+%) Lloyds TSB (again 6+%), others that i have bought are Pilkington, BT & B&B

Plenty out there,