Regular saving £500 per month??? Pls comment my plan

Jennifer_Jane

ptyks wrote: »

I gave up the plan to invest into the share. I have discussed about this with My friend. He told me I might lose more than half of my investment as I have on idea about the stock market.

You might consider the maxi ISA which would allow you to have the savings part of £3000 (increasing next year, I think), and the balance of £4000 (Help, please, on the actual amounts - can't be bothered to check them out) in stocks and shares via unit trusts. You can choose what type you go into, eg UK passive, European Equity, all kinds of funds with different levels of risk. This would help balance your risk profile, and again tax free because of the ISA wrapper.