New to investing

loken152

Hi all, i am interested in starting to invest, paying in regularly once a month until i retire i am 34 and currently thinking of this as live savings. I have some basic knowledge of how the system works and would like to invest into a fund. I have been looking into Virgin moneys funds and have also looked at Cavendish. Any others that i should look at? Any advice from those who already invest?

msallen

If you are not intending to draw on your investments until you retire then you should be looking to invest via a pension for the tax benefits plus any matching contribution your employer may offer.

For a general intro to investing in funds take a look at monevator.com

jimjames

I certainly wouldn't be looking at Virgin, very overpriced compared to others and no difference in performance as they're trackers. Even HL is cheaper and that's not hard to beat.

I'd echo monevator as a place to start but don't rush in until you know more

Eco_Miser

When are you thinking of retiring? If before age 57, don't put it all in pensions, use an S&S ISA as well.
If you're a higher rate taxpayer, or your intended monthly investment is large there are extra things to consider.

louloubelle79

In similar boat to you. Aiming to save small sum monthly - applied for a S&S ISA last week with Vanguard. To invest in either life strategy fund or retirement fund. One of my previous threads had other info and advice from people

loken152

To be honest i am not totally sure when i plan to retire, at the moment 65. I already have a pension with work that i pay into. I would like to have this separate to my pension.