£50 p/month - Very Long Term

bjarvis2785

Hi all,

I'm looking to tuck £50 p/month away somewhere for a very long term (approx 30 years). This value may go up in future, but to start it will be £50.

There is no lump sum to start, just a constant £50 p/month.

I've been looking at stocks & shares ISA's and like the look of those for a long term investment like this (albeit a small one).

I'm new to all things saving and so am using this as my 'starter' on my route to 'grown up saving' in future

Just looking for some advice on whether i'm thinking along with best lines with a Shares ISA, or if there's a better way to use the money over such a long term?

Just to note, i currently have no ISA's and so have no risk of using up any allowance at the moment.

BarrBru

There are two different types of funds in the world, the oldest of which are called investment trusts. They also perform best according to independent research. See this article at WhichInvestmentTrust.com here 'The chart that shows just how good Investment Trusts are'.

Also, many investment trusts run their own savings plans that allow you to save in an ISA or not and they're bloody cheap, sometimes with no fees at all.

I would go for either Baillie Gifford's plan - They're a great partner owned fund manager with a fantastic performance record.
Or Aberdeen Asset Management's plan.

This article here compares the different plans and their costs......
'Investment Trust Savings Schemes are cheap and especially suited to regular savers'

Azza_1

Here you go - https://www.charles-stanley-direct.co.uk/ViewFund?Sedol=B41XG30&Isin=GB00B41XG308&PreviousSearchResults=%2FInvestmentSearch%2FSearch%3FSearchText%3DVanguard%2520Lifestrategy%2520


Or if you want to to properly DIY start off with a UK All Share tracker.