Help! Complete noob to investments

s210

Hi!

I am interested in using my spare cash/savings (around £5,000) to make an investment.

My goal is to make an additional £50 a month

I understand there is risk with investment but considering I do not wish to make a huge amount of money, I would prefer something very low risk.

I would like some advice on how I can use my money to invest, whether my goal is realistic and how often will I get my money back (montly/yearly?

Cheers

[Deleted User]

Hi,

wow, to get £50 a month, after tax, on £5000, you would need 15% pa, gross, you'll be lucky to get 1.5% these days, but good luck to you.

scarlettwalker

I can give you the link of consultants, they will help you enough. Here Raymond Reynolds Frost . com, go and get the idea to invest your money for getting £50 a month.

scarlettwalker

And i must say you should go for USGT.

jimjames

s210 wrote: »

I would like some advice on how I can use my money to invest, whether my goal is realistic and how often will I get my money back (montly/yearly?

Cheers

No it isn't realistic.

YOu can get dividends from investments which could be as much as 7-8%. Any growth will need you to sell and that will incur dealing fees which on small investments would be large portion of your investment.

Far better to invest for long term and not worry about month by month variations.