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Small scale investing for a beginner
jellymid
Posts: 338 Forumite
I'd be grateful for advice.
I have £2000 to invest, part of an inheritance for my daughter. The rest of the inheritance has been deposited in a fixed savings account for a year initially, but we are happy to take a bit more of a risk with this portion. We are able to invest for up to 5 years, until she becomes of age. I do not pay tax.
The more I read, the more confused I become. I wasn't thinking of using a financial advisor due to the relatively low amount - fees/commisions would be quite a significant proportion, I would imagine. However, I am happy to be told otherwise.
During a Moneybox program on 'Saving for children' on Radio 4, a company called 7IM was recommended due to low charges. However, they require you to use a financial advisor.
Head spinning - any ideas?
I have £2000 to invest, part of an inheritance for my daughter. The rest of the inheritance has been deposited in a fixed savings account for a year initially, but we are happy to take a bit more of a risk with this portion. We are able to invest for up to 5 years, until she becomes of age. I do not pay tax.
The more I read, the more confused I become. I wasn't thinking of using a financial advisor due to the relatively low amount - fees/commisions would be quite a significant proportion, I would imagine. However, I am happy to be told otherwise.
During a Moneybox program on 'Saving for children' on Radio 4, a company called 7IM was recommended due to low charges. However, they require you to use a financial advisor.
Head spinning - any ideas?
0
Comments
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Personally, I would invest it direct with Aberdeen in a couple of their investment trusts - possibly Murray International and Murray Income.We have a climate emergency and need to re-think investing strategies to avoid sectors that are part of the problem such as oil & gas and embrace climate-friendly options such as renewable energy.0
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