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Advice request -novice investor
Miss_Money_Magnet
Posts: 190 Forumite
Hi
I would appreciate any advice on what Im doing with my spare cash.
I have £10,000 tied up in a 2 year ISA which matures next year.
I have dipped my toe in the water with £100 a month going into a stocks and shares ISA. This was sorted by a financial advisor, because I was depressed by interest rates.
The £100 a month is split between:
Invesco perpetual high income fund
M and G Global Dividend Inc GBP
I have no idea if the above are any good, but just followed the advice I was given and followed a gut instinct to try to do something better with my money.
I am due a few pay rises soon and may increase the payment to the stocks and shares.
Any feedback much appreciated, but please put it in simple terms and please be kind!!!
Thanks!
I would appreciate any advice on what Im doing with my spare cash.
I have £10,000 tied up in a 2 year ISA which matures next year.
I have dipped my toe in the water with £100 a month going into a stocks and shares ISA. This was sorted by a financial advisor, because I was depressed by interest rates.
The £100 a month is split between:
Invesco perpetual high income fund
M and G Global Dividend Inc GBP
I have no idea if the above are any good, but just followed the advice I was given and followed a gut instinct to try to do something better with my money.
I am due a few pay rises soon and may increase the payment to the stocks and shares.
Any feedback much appreciated, but please put it in simple terms and please be kind!!!
Thanks!
"Never underestimate the power of small amounts"
New Mortgage started March 17 £236,000 (28 years) NOW £231,500 Aug 19 £210,000 Dec 20 £196,629 June 21 £185,200 Now Aug 24 £167000
New Mortgage started March 17 £236,000 (28 years) NOW £231,500 Aug 19 £210,000 Dec 20 £196,629 June 21 £185,200 Now Aug 24 £167000
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