regular savings

FRANCIS13_2

i am thinking of putting money away every month for 5to 10 years any advise of who is best out there.

oldfella

after an ISA - YBS

jonesMUFCforever

Impossible to advise you on your one liner!
How old are you, do you have a pension,do you have any savings now, do you have any ISA's in cash or shares, unit trusts, bonds etc etc?

Then you have to decide your risk and reward strategy.
The higher the risk the greater potential reward and vice versa.

An Independent adviser would be my way of thinking

Aegis

Firstly into a cash ISA, probably, after that into a stocks and shares ISA if you're happy with a little risk, otherwise into a regular saver or two and when that matures, into either a high-interest savings account, or another fixed-term investment option with high interest (NS&I have some favourable investment products along those lines)

FRANCIS13_2

Thanks guys ,
I have a cash isa, so I am thinking along the lines of the stocks and shares one(so I can use up my tax allowance)

Aegis

francis13 wrote: »

Thanks guys ,
I have a cash isa, so I am thinking along the lines of the stocks and shares one(so I can use up my tax allowance)

With a S&S mini ISA you usually have the option of setting up a direct debit (or standing order, or other such system) to automatically transfer a set amount of money each month into your account. From there, you can either manually choose where that will go or set it up so that it will automatically invest it into funds of your choice. For example, if you set up a system where you pay £200 per month into the ISA, you might have that go equally to 4 different funds within your account.

Of course, that example was assuming you'd be investing in funds, which might not be your choice!

Do you know what you want to invest in yet?

FRANCIS13_2

HI AEGIS,

I was thinking of about £100 per month and see how that goes.Does it matter who I take the Isa out with?If so who is the best out there?

Thanks:wall:

Stavros_3

francis13 wrote: »

HI AEGIS,

I was thinking of about £100 per month and see how that goes.Does it matter who I take the Isa out with?If so who is the best out there?

Thanks:wall:

http://forums.moneysavingexpert.com/showthread.html?t=401374

Aegis

francis13 wrote: »

HI AEGIS,

I was thinking of about £100 per month and see how that goes.Does it matter who I take the Isa out with?If so who is the best out there?

Thanks:wall:

Entirely depends what you want to invest in. If you're looking for managed funds, I don't think you can get cheaper than Hargreaves Lansdown for small amounts. For shares and ETFs, I'm not really sure where the best place to go is. The downside to that extremely low cost is that you get no advice at all about what funds to invest in, so you have to make that call for yourself.

I think with £100 per month, you might be able to get 2 funds from them, but you'll have to call them up to see if they'll arrange it for you, as they only take a lump sum deposit of £3000 or more with their online application.

cheerfulcat

Another option is investment trusts. A global growth trust like RIT Capital or British Empire Securities & General will cover all asset classes and most geographical areas. More information on ITs is available on the AIC website and Incademy.