Investing

football1989

With savings up to £30,000, what's your view? Investing or savings account? If investing what sort and how much?

Thanks

Archi_Bald

It totally depends on your circumstances and requirements.

Linton

You need enough savings in cash to cover emergencies - say 6 months living expenses, plus enough to cover any known major expenses in the next 5 years. If you have at least £5K remaining out of the £30K it could be worthwhile considering investing in a broad global equity or multi-asset fund.

greenglide

Must be spam. Has posted similar links to other threads and boards and the URL doesnt work!

Reported as spam

atush

On the off chance they are genuine, you need to have an emergency cash fund as stated. Then join your work pension. Then fill your S&S isa allowance.

ColdIron

skem01 wrote: »

It great STRATEGY for new users to get an overview of investingthank you.

I can almost feel it coming ...

football1989

What post was spam? Did I miss something?

Thanks for the suggestions. I was thinking that little amounts for investing might be wise. But thinking just using ISAs will be more accessible and safer?

jimjames

football1989 wrote: »

What post was spam? Did I miss something?

Thanks for the suggestions. I was thinking that little amounts for investing might be wise. But thinking just using ISAs will be more accessible and safer?

ISAs are investing. At least if you use S&S ones

AndyT678

VeronikaSmith wrote: »

Investing, of course.

Why "of course"?

VeronikaSmith wrote: »

Savings accounts are for people who do not know how to use their money right.

Most people would say that cash holdings are an important part of any individual's portfolio and without knowing OP's goal and timeframe it's impossible to tell whether or not investing is even a viable option.

VeronikaSmith wrote: »

There are a few automated investment services in the UK that will assess your attitude towards risk,

I have no direct experience of this but I'd be willing to wager that they'd do a fairly dismal job of it.

VeronikaSmith wrote: »

and manage your portfolio for a relatively small fee

Which could be avoided by DIY management.

VeronikaSmith wrote: »

Look for services that advise you to invest in ETFs. Etfs are well-diversified, highly liquid investment products.

I'm not aware of anything in the definition of an ETF which says it must be well diversified...

VeronikaSmith wrote: »

With a portfolio that consists of ETFs you will get stable returns.

Or more likely, you will experience all the volatility inherent in the underlying investments.

VeronikaSmith wrote: »

If interested, take a look at the site of Zen Assets.

Ah! Now I see. On commission are we?

VeronikaSmith wrote: »

It applies methodology that I have just described.

So some very good reasons to avoid like the plague then?

bigadaj

All very spammy.