Investment Advice

Ginandtonic

Hi. I'm v lucky to have paid off my mortgage on a very small, cheap house. I'm still earning a salary and am paying into an ISA. I still have additional savings that I'm wondering whether to pay for another deposit to buy-to-let. Who can I talk to in order to go through all my finances and gain the best advice for a long-term investment?

lincroft1710

Your (or any) bank, building society or possibly ISA will have one or more dedicated financial advisers who can give good advice on their own products usually at no charge.

Otherwise a whole of the market Independent Financial Adviser, but you may have to pay.

Ginandtonic

Thank you :-)

G_M

As lincroft says, if you go to your bank they'll only tell you about their own products. they will NOT give you advice that includes other ideas, and if they suggest for example, unit trusts then they'll only recommed their own unit trusts (which might not be the best).

But independant advisers charge. Ring a few and ask how much they'd charge. It may be an hourly rate or some kind of fixed fee etc.

Alternative id to do your own research.

*library books on investments, pension planning, savings, gambling etc etc
* Moneysaving savings board - ots of helpful people there
* other forums eg MotleyFool
* other internet sites - use google

the more you read and the more other peoples suggestions you get, the more informed you'll be. Don't jump at the first few ideas. Take time to learn, think, and eventually decide.

And always remember grandma: "don't put all your eggs in one basket."