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Worth seeing an IFA?

[Deleted User] · 2011-07-29 11:05:19

Hi, Can anyone advise or give an educated guess as to how much more interest I'd gain from putting 5k from my savings and £500pm in the hands of an IFA? About me: Mid twenties, rent, single, debt free, contribute to work pension, lives comfortably. Investing long term, 5+ years is fine. I appreciate this a difficult…

Comments

gadgetmind Posts: 11,130 Forumite

8 August 2011 at 8:05AM

jamesd wrote: »

Yes, gearing increases risk. For me it was OK and within my risk tolerance but it's definitely not for everyone.

I'm just very aware how easily yesterday's bargain can turn into today's millstone, and that you have to be prepared to be patient with the market. I've always been a "balance in full" person with credit cards, but I understand that their patience benefits from a rather narrower time window.

I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
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