New to Investing

tigerspill

ZingPowZing wrote: »

I recommend Sharesave schemes as a great way of investing £500 a month.

The reason you won't see it bruited on this forum is because many of the longest and most persistent posters are in the financial services industry, and they get no cut from Sharesave schemes.

As long as the share save scheme has a get out of jail scheme where you can take the cash if the price drops while you are saving/inbesting (depending on scheme type).
Also, at the end you will have a BIG investment in a single company - you need a plan as to what you will do at that instant in time or you end up with a very high risk investment.

I know many work colleagues that invested in our (multinational) company schemes and lost 80% of what they invested. Totally unnecessary but they took the shared on maturity and held onto them and the price tanked - and still hasn't recovered hardly at all. Life changing amounts lost.