How to invest 5000 pounds and then 500 pounds every month?

szyblaszczyk

Hi everybody!

I live in UK since July 2016 and mainly thanks to MSE I really improved in terms of finance issues in England but I'm still long away behind most of you who have born in UK. :-)

My questions is simple: have to invest 5000 pounds now and then 500 pounds every month?

1) I know about RateSetter, Funding Circle, Zopa - will think about it in the future
2) Funds - which platform is the best? How about Telegraph? Do I have to pay for it some administration costs?
3) Saving accounts? That's not so much from it but better

My target is something not very risky but quite profitable (up. to 10-15%/year if possible). I'm definitely not interested in stocks or forex. Too risky and time consuming. I like funds though because I can diversify risk. I'm open to other possibilites too.

I don't want to pay administration cost just for having some account. Clear, easy rules for newbie in UK investments. I prefer to not pay for buy some investment too - like mutual funds for example. I feel good about converting from one fund to another. However, I understand I have to pay some small % for having it during the year.

I have not bad experience in investments gained in Poland but to invest in new country is a little like to be born again... :-)

Thanks!

$nake_eye$

Stocks and shares ISA might be what youre looking for? Plenty of Vanguard options through CSD to consider based on risk appetite

cashbackproblems

you will not achieve 10-15% typically every year by not taking risk even with funds. Lots of people are using peer to peer lending and talk highly of it but personally i have not caught onto this

A range of FTSE shares can actually be most cost effective if you don't like paying admin fees like for funds, for example you pay £5 to buy Barclays shares then no other charges. With funds you will pay ongoing 0.8% for active managed plus a platform fee e.g. 0.45%. But you can choose passive trackers with lower costs e.g. 0.08% and you get the diversification.

szyblaszczyk

Thanks guys. I'm ready to take some risk but not big risk like only stocks funds or stocks.

What do you think about Telegraph Investor? I found that it's quite good platform,

Could you tell me more about this offer? Is it fair? What's the biggest disadvantages/advantages? As far as I understand to open this account I need to be in UK 3 years?
investor.telegraph.co.uk/pages/a/trading-charges[

This comparison looks good too but doesn't say anything:
telegraph.co.uk/investing/isas/tables-the-cheapest-and-most-expensive-places-to-buy-an-isa/

Sorry for non-clickable links. Can't add them - spam security for new users.

steampowered

For someone in your situation, I personally would suggest thinking about investing in a low-cost tracker fund through a stocks & shares ISA.

Balanced stock market investments can move a lot in the short term, but over the long term they tend to do very well.

szyblaszczyk

Would you suggest me some way/system/platform to do that? What's obvious to you guys (links, services for example), might be completely new for me. :-) Thanks!

Flobberchops

10%-15% and medium risk sounds to me like P2P.

Look at platforms like MoneyThing, Ablrate, Collateral, Saving Stream and FundingSecure, all of which advertise lenders' rates of around 12%.

Obviously bear in mind your money is at risk, you should diversify in anticipation of at least some of your loans facing delays or defaults, and do your own due diligence. The P2P Independent Forum is a good place to start.

szyblaszczyk

Thank you very much. It's at least worth considering!

Could anybody tell me more about impressions about Telegraph Investor platform? Or better alternative?/B]

And my another question:
Can I find somewhere on MSE information which investing platforms/services give money bonuses for creating account and investing some amount of money?

However, except banks and accounts because I already know about it and doing it! ;-)
I know about bonus in Funding Circle, RateSetter and Zopa.

kidmugsy

Suggestion: open a FlexDirect current account at Nationwide. It'll pay 5% p.a. for a year. Put £500 per month into Flexclusive Regular Saver at Nationwide. It pays 5% p.a. too for a year. Invest last £2500 in something riskier.

After a year, consider what to do with the money an Nationwide.

Eco_Miser

Which platform to hold your investments: http://monevator.com/compare-uk-cheapest-online-brokers/

Or download the spreadsheet lionked from here and put your own figures in: https://forums.moneysavingexpert.com/discussion/5583030