Small monthly saving

duggan1

Fiancee and I have fairly decent savings which we hope to keep growing for another couple of years and pay a chunk off when we remortgage.

However, I'd like to throw £50 a month or so into something, just as an aside, like a stocks/shares fund - maybe it will do well, maybe not, but after 10 years (may increase the amount over time) I'd hope to have made even small gains. Had considered crypto but its a little too risky for my liking, and it's even harder to keep track of developements.

Any recommendations or a place to start doing a bit of research? Have done some googling but I don't know enough at this stage to weed out the 'bad ideas'.

[Deleted User]

Do you overpay your mortgage every year to maximum allowed amount? If not, do this first.

Zero_Sum

A lot of s&s investments you need an initial lump sum of £500 or so.

You could have a look at ratesetter. Get 5%+ return & is one of the less riskier p2p's

takesyourchances

Zero_Sum wrote: »

A lot of s&s investments you need an initial lump sum of £500 or so.

You could have a look at ratesetter. Get 5%+ return & is one of the less riskier p2p's

I know on HL you can start a regular saving from £25 a month, likes of a vanguard lifestrategy. Maybe other platforms this can be done as well.



I would personally look at something multi asset over ratesetter long term like this.

duggan1

pioruns wrote: »

Do you overpay your mortgage every year to maximum allowed amount? If not, do this first.

None possible on current deal, but it's something we're keen to look at when we remortgage in a couple of years.

colsten

"At £50 a month your biggest enemy is costs". Old article, good advice.

https://monevator.com/how-to-invest-on-a-budget/

LHW99

Bank regular saver?
https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/