£5000 to invest

col81

I have £5000 cash and £150 a month. I want to have access to £4000 and the other £1000 and £150 pm I want to put into shares. I want to buy as a example £250 in shell for arguments sake. With ability to sell shares when I want. How is the best way to do this? I dont want to be in a fund I want to buy my own shares

Audaxer

col81 said:

I have £5000 cash and £150 a month. I want to have access to £4000 and the other £1000 and £150 pm I want to put into shares. I want to buy as a example £250 in shell for arguments sake. With ability to sell shares when I want. How is the best way to do this? I dont want to be in a fund I want to buy my own shares

Investing in individual shares is very risky and costly for that amount of money. If you want to invest the £1,000 and then £150 per month, the best way to invest would be through a low cost, globally diversified multi asset fund, choosing the version with a risk level to suit your risk tolerance. Good examples of such multi asset funds are Vanguard LifeStrategy funds, HSBC Global Strategy funds and L&G Multi Index funds. They are discussed a lot on this forum, so you can search these names to learn more. The other thing you need to consider is the most cost effective investment platform for your needs. 

Monevator is also a good site to research and to learn more about investing in multi asset funds.

col81

Thank you. I want to keep a eye on it daily not sure if you can do that, that is why I like shares

Username999

col81 said:

I have £5000 cash and £150 a month. I want to have access to £4000 and the other £1000 and £150 pm I want to put into shares. I want to buy as a example £250 in shell for arguments sake. With ability to sell shares when I want. How is the best way to do this? I dont want to be in a fund I want to buy my own shares

You could use a Stocks and Shares ISA and trade your shares in that.
https://www.money.co.uk/savings-accounts/investment-isas.htm?track=885130&gclid=EAIaIQobChMIxpK7j8OG6QIVUO7tCh28ngKkEAAYASAAEgLk-_D_BwE

C_Mababejive

I'd advise against buying individual shares and agree with Audaxer. If you must buy a  share class, consider buying an investment trust (which will likely contain shell) eg city of london IT. Other ITs re available..

Albermarle

col81 said:

I have £5000 cash and £150 a month. I want to have access to £4000 and the other £1000 and £150 pm I want to put into shares. I want to buy as a example £250 in shell for arguments sake. With ability to sell shares when I want. How is the best way to do this? I dont want to be in a fund I want to buy my own shares

There are many mainstream platforms where you can deal in shares.
 Hargreaves Landsdown: Iweb: Interactive Investor etc https://monevator.com/two-ways-to-help-you-find-the-best-online-broker-or-investment-platform/

TemporaryUsernameMay2020

col81 said:

Thank you. I want to keep a eye on it daily not sure if you can do that, that is why I like shares

Most funds have a new price once a day, so you can follow the price daily. (Shares are traded throughout the day, and their prices can change from minute to minute.)

col81

Is it best just to save up say £500 then buy shares in a company then another £500 in another etc etc? And build it up. And keep a cash isa alongside. Who are the best platform for small trades and instant acces with low fees. I may just buy 2 lots at £500 each and see how it goes

TemporaryUsernameMay2020

col81 said:

Is it best just to save up say £500 then buy shares in a company then another £500 in another etc etc?

Well, no, best is to put your initial £1000 into a multi-asset fund instead, and keep putting £150 into the same fund every month. With funds, there are plenty of platforms which won't charge a fee every time you invest, so no problem doing as little as £150 a time.

col81

I am new to it I simply want something to put £1000 into plus then the monthly money that I can watch daily that I wont lose much on with a plan of around 2 years to keep it running. It's a minefield. I have premium bonds now never drew a bean. Plus it's boring and I'm open to a bit of a gamble. I get there is low medium high risk but I dont want to have put 4k in and have £1500 at the end if you get my drift. Advice appreciated 

Alistair31

col81 said:

I am new to it ...

Advice appreciated 

You are going to lose your shirt.