Best way to invest £200?

reedscr

Hello, I am looking for ways to best invest £200. I know its not much but its a start. Any advice would be welcome.

jimjames

A S&S ISA? Or do you not really mean invest but actually savings instead?

To invest £200 with the likes of Hargreaves Lansdown you would need to setup a regular Direct debit for £50 or £100 and then cancel it after 2/4 months once your money was invested as their minimum lump sum is £1000.

slinga

This is a difficult one to answer.

But as you are wanting to save and invest then everyone has to start somewhere.
Even with a 5% return that's only £10 per year.
If you look for anything higher and the markets turn down and you lose say £100 then you'll be put off investing maybe for ever.

So start small look around for Savings a/c or an ISA with the highest interest you can find and invest there.

As your confidence gets higher, you knowledge improves, you find you are willing to invest more and you have more to invest then you will have a better idea of what you want to do and where to invest.

Good luck.

Martian_Lewis

Will you be looking to add to this in the future? If you did want to make a start with a S&S ISA, by opening a monthly savings plan e.g with Hargreaves Lansdown, they do offer a variety of flexible options for the small investor.

You wouldnt necessarily have to close the plan after 2-4 months, you can simply reduce the payment to zero and your plan will be suspended. It should then be kept open for up to 12 months should you wish to revive it at a later date.

Once you have invested £50 in a fund, further lump sums can be added with the minimum being £250 per fund.

If your fund(s) do well you can transfer a minimum of just £50 from an existing fund into a completely new fund in order to diversify.

Bear in mind though that charges will be eating into your capital, but if you should wish to invest further, enjoy studying the fund markets, intend to invest over a decent period of time, and could handle a short term 50% loss, I would say it is as good a place as any to start.

markwilkinson

Birmingham Midshires were doing a fixed term savings account at a reasonable interest rate with a minimum deposit of £100 if that helps.

Wobblydeb

If you do mean invest (rather than saving) how about buying a couple of books about investing?

Russe11

If it was me and a one off £200 i'd invest in an assett that would improve my quality of life, rather than a finacial investment product. Other people I know would believe in spending it on a life experience.

Different matter though if its regularly saving £200, for a defined goal.

Nine_Lives

I suspect you mean savings rather than investing (though i could be wrong).

If so, i'd lump with the highest paying cash ISA you can get.

If you actually mean investing, such as stocks & shares, then that's different.

oldtoolie

Invest in yourself. What could you do that would increase your employability or income generating potential? How about a course at an FE college? Or a new suit for job interviews?

bigfreddiel

reedscr wrote: »

Hello, I am looking for ways to best invest £200. I know its not much but its a start. Any advice would be welcome.

£100 each way on the national - pay the tax as well!

goodluck

fj

bigfreddiel

Wobblydeb wrote: »

If you do mean invest (rather than saving) how about buying a couple of books about investing?

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