so i went to the bank

kidmugsy

If you scroll down to p45 on this link you'll see that many Investment Trust savings schemes have zero or low charges. Since many of the trusts themselves have low management charges, this may be a way of investing in shares that will interest you.
http://www.theaic.co.uk/sites/default/files/statistics/attachment/AICStats30Jun2013.pdf

planteria

Linton wrote: »

Dont know about the Jupiter Merlin but the other two are highly regarded funds in their sectors. I have held M&G Recovery for nearly 20 years - average annual return 6.5%, better than a FTSE tracker.

There are no comparable trackers in their sectors.There are people around here who are happier with trackers as they give the fund managers less, personally I am only interested in the return that comes to me.

agree in all respects.

planteria

elantan wrote: »

....i am spending £20....

in total, across the 3 funds? i am not sure what the minimum that HL (who i use for SIPP and ISA) allow is...https://www.hl.co.uk if you want to check it out, but even for small amounts i wouldnt pay those fees. in effect, that deal is a deal for someone who doesn't have the nous to come on here & ask the questions you are asking.

planteria

i am pleased to read that you are into it & making it work for you:T

elantan

kidmugsy wrote: »

If you scroll down to p45 on this link you'll see that many Investment Trust savings schemes have zero or low charges. Since many of the trusts themselves have low management charges, this may be a way of investing in shares that will interest you.
http://www.theaic.co.uk/sites/default/files/statistics/attachment/AICStats30Jun2013.pdf

Will have a read at it when I get home as I'm out and about just now

Thanks for the link

elantan

planteria wrote: »

in total, across the 3 funds? i am not sure what the minimum that HL (who i use for SIPP and ISA) allow is...https://www.hl.co.uk if you want to check it out, but even for small amounts i wouldnt pay those fees. in effect, that deal is a deal for someone who doesn't have the nous to come on here & ask the questions you are asking.

It was originally £20 into each fund, I did it through the building society

I'm now putting £100 into each fund through H&L but that can ( and probably will ) change depending on circumstances

Sorry if I didn't make that clear

atush

I almost cried when I read this first.

having seen you post over the last few years I KNEW you were too clued up to go to a BANK for advice lol. Then I saw the date ;-) And that you switched out o cheaper.

I started off in the late 90s investing the CB online, then also started drip feeding 50+20 per month (soon increased to more and in more trusts) into investment trust savings plans. Even the one that got only 20 per month is a substantial amount now.


So you prove that even over a few years good things can grow from small seeds.

elantan

Ahhh thanks for the compliment Atush ... Much appreciated

I still have so much to learn, but I am really enjoying the process, and ever so great full for all the help I recieve ... I thi k once I'm debt free I will start a kinda savings/ early retirement diary, I was quite surprised when I read this back as yes that was certainly a very naive post ... Thank goodness I came here and asked lol