How to invest the following

Jrose1927

Hello

Looking for suggestions and ideas on how to invest the following I know it's not a great deal but something I'm willing to risk to make a gain 

£1000 up front then £30 a week looking to keep this up for at least 10 years.

With regular savers at rock bottom is stocks and shares the way forward or what other options do I have 

Thanks in advance

Aceace

Stocks and shares are a good option. Another would be the safer end of P2P investments. I would consider Loanpad at 4% to be a good middle ground between savings and S&S investments. An alternative would be CrowdProperty at up to 8%.

El_Torro

If you do want to invest for at least 10 years then your best bet is either a Stocks & Shares ISA or a pension. Pensions are better tax-wise but ISAs give you more flexibility, depending on your age. Perhaps even a S&S LISA, though that depends on whether you are young enough to be eligible to open one now.

I'm not a fan of P2P, the feedback I've seen is that P2P has had its day, though I don't have any first hand experience of this.

sevenhills

How about investing in unit trusts?

A unit trust pools investors' money into a single fund, which is managed by a fund manager. Unit trusts offer access to a wide range of investments, and depending on the trust, it may invest in securities such as shares and bonds.

https://www.hl.co.uk/shares/investment-trusts

Thrugelmir

What's your objective for the money?

Have you got an emergency savings fund put aside? 

Murielson

Your age and view on risk is important in responding to your question

Edi81

Plus there are transaction fees on stocks and shares so making a monthly investment will be more cost effective that weekly. 

Alexland

sevenhills said:

How about investing in unit trusts?

A unit trust pools investors' money into a single fund, which is managed by a fund manager. Unit trusts offer access to a wide range of investments, and depending on the trust, it may invest in securities such as shares and bonds.

https://www.hl.co.uk/shares/investment-trusts

Unit Trusts are open ended - but that link is to Investment Trusts which are closed ended.

grumiofoundation

Edi81 said:

Plus there are transaction fees on stocks and shares so making a monthly investment will be more cost effective that weekly. 

Only if you are buying individual stocks/investment trusts/ETFs - which would be ridiculous really for £120 a month spending ~10% to buy/sell (assuming transaction cost of £12). N. B. There are platforms that do not charge transaction costs but investing in individual shares is riskier than more diversified investments. 

A lot of platforms don’t charge for buying funds. A diverse, multi asset fund/global equity index tracker (depending on risk attitude etc) is likely much more suitable.
 E. G. In link. 

https://monevator.com/passive-fund-of-funds-the-rivals/

OP - for the amount you are looking at investing you may want to consider looking at a provider that offers a decent cashback amount to start investing (e.g. through sites such as topcashback/quidco or refer a friend offers). These generally have drawbacks e.g. higher fees, more restricted offerings but the cashback often more than makes up for this.

You can then transfer out once the minimum tie in period expires to a 'better' platform. (Obviously make sure this is something you would be happy investing in without the cashback). 

Whether suitable for you will depend on your age (and other factors) but pensions and/or lifetime ISA will be more tax Efficient (but less accessible) way to hold investments. 
Lifetime ISA would also be good place to save for house deposit (if applicable).
https://www.moneysavingexpert.com/savings/lifetime-isas/