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drip feed v lump sum stash

darentriskit
Posts: 13 Forumite
Hi
its me again _ thanks to everyone who has replied so promptly -Coldiron and Archibald etc
Its made me realise if i could be less risk averse I might get better returns - I have a question prompted by all the homework LittleClaire has done - will I get better returns opening a series of drip feed accounts like first direct @6% for instance , than stashing the whole lot away (10K) at one go in Santander 123? - and opening some account to slip the monthly interest into which is a bit "riskier" - like trying my toe in the water with a stocks and shares isa - in fact is theer one which will accept such low amounts as £25 a month regular?
I'll ask the question again ( apologies) you advice some reading on investments - any suggestions gratefully accepted
many thanks for your help
its me again _ thanks to everyone who has replied so promptly -Coldiron and Archibald etc
Its made me realise if i could be less risk averse I might get better returns - I have a question prompted by all the homework LittleClaire has done - will I get better returns opening a series of drip feed accounts like first direct @6% for instance , than stashing the whole lot away (10K) at one go in Santander 123? - and opening some account to slip the monthly interest into which is a bit "riskier" - like trying my toe in the water with a stocks and shares isa - in fact is theer one which will accept such low amounts as £25 a month regular?
I'll ask the question again ( apologies) you advice some reading on investments - any suggestions gratefully accepted
many thanks for your help
0
Comments
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I have answered that Q in your other thread since you had asked it there, too!0
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will I get better returns opening a series of drip feed accounts like first direct @6% for instance , than stashing the whole lot away (10K) at one go in Santander 123?
Why not do both? Stick £10k into Santander 123 immediately and then use that money to dripfeed into a FD regular saver. That way you'll get 6% on what is in FD and 3% on the reducing balance in 123.Old dog but always delighted to learn new tricks!0
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