A bit of risk!!

spanerfoot

Hi

I am new to this, but have a question regarding Savings!!

I would like to save a regular amount of up to £50 per month, but would like something exciting!!! not just an Isa/regular Savings account (or Premium bonds as I have them).

possibly with a bit of risk!! :rolleyes:

Thanks
Pam

lordgaino

are you prepared to lose it?

Aegis

lordgaino wrote: »

are you prepared to lose it?

Might be slightly better phrased as "how much of it would you be prepared to lose without getting cold feet and pulling out?"... That way it gives you a quantitative value for the level of risk that the OP is prepared to accept.

I'm guessing that with "a little bit of risk" it would be at maybe the 10-15% level.

spanerfoot

Well there is a question!!!

This may seem a daft answer but I suppose the answer is no not all of it..:cool:

So stick it in an isa I hear you say!!!

Aegis

spanerfoot wrote: »

Well there is a question!!!

This may seem a daft answer but I suppose the answer is no not all of it..:cool:

So stick it in an isa I hear you say!!!

Risk is a sliding scale. Just because you don't want to risk all of it doesn't mean you should automatically risk none of it.

If you'd be ok with seeing it drop down by, say, 15% as part of the overall upwards trend, you'd be ok with investing in some fixed-interest funds with maybe a few equity units thrown in for good measure. That way you get little volatility but still the potential for reasonable growth.