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If you could get 5% in a bank account would you bother with the stock market?

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Comments

  • nb0825
    nb0825 Posts: 115 Forumite
    Personally, I wouldn't waste my time with equities until I've at least £50k. It requires constant attention, news reading and analysis to get a return any better than a standard index tracker.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    edited 28 June 2016 at 6:22PM
    nb0825 wrote: »
    Personally, I wouldn't waste my time with equities until I've at least £50k. It requires constant attention, news reading and analysis to get a return any better than a standard index tracker.

    I believe the oft quoted phrase is to start investing in individual shares only after you've made your first million in collective investments (mutual funds originally as it was us based).
  • jimjames
    jimjames Posts: 18,898 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    nb0825 wrote: »
    Personally, I wouldn't waste my time with equities until I've at least £50k. It requires constant attention, news reading and analysis to get a return any better than a standard index tracker.

    I assume you mean individual equities rather than equities in general but I'd certainly agree that individual shares makes no sense for small amounts.
    Remember the saying: if it looks too good to be true it almost certainly is.
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