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Regular savings into shares
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shazkhan111 wrote: »yes, my plan is to do the former. so I will have £1200 in 3 companies in 12 months.
I'm sure you know, but just three shares will expose you to lots of volatility and risk. Unless these are Investment Trusts, or large Blue Chips, I hope this is just a small part of your portfolio.
Low cost savings schemes are a good approach, but not the approach we use. We save regularly into a share account, and then every 2-3 months use a combination of new money and dividends to make another purchase.
As our purchases are never <£2k, the £7.95 fees per trade are no big deal.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.0
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