investment ideas?

tux130582

Hello

I am currently saving £200 a week into a E-saver account with Natwest
4.55% AER

In that particular account i Have about £6k (Ive used up my ISA allowance for 2008/09 and last tax year. already)

I am wondering if people can recommend anywhere a bit more risk I can invest say £1000 of this money plus say £50 a week out of the £200 for potentially better returns?

any advice / tips much appreciated.

thanks

tux130582

forgot to add i say ive used up my ISA allowence but i have only used to cash ISA element.

thanks again

Jonnno_2

I use the e-saver and isa too. If you want to save every month, for approx 5 years and min £50 per month go and speak to a financial planning manager in your branch, they can do a monthly savings plan which have very good returns.

tux130582

do they offer the same service on the telephone banking, dont really have time to go into a branch during branch hours,


any other suggestions? I dont really mind risking the money and buying some shares or something as a bit of a gamble. how can i buy shares?

Ian_W

Jonnno wrote: »

I use the e-saver and isa too. If you want to save every month, for approx 5 years and min £50 per month go and speak to a financial planning manager in your branch, they can do a monthly savings plan which have very good returns.

Without wishing to be rude to Jonno -
NO, NO, A THOUSAND TIMES - NO!!
Don't get investment advice from your bank, you'll end up paying through the nose for what are often very expensive second rate products.

With the amount you're talking about Funds are probably a better than direct shares as a starter because of the buying costs. Martin's ARTICLE on buying them using your S&S ISA allowance is a good starter. To learn more about the basics of investing try INCADEMY.

tux130582

Going back to the start perhaps i should of said I am saving for a house, I dont know when im going to need the money but it will be in the next year or two.

So where do you now think the best place to put £200 a week into?

debbie42

tux130582 wrote: »

Going back to the start perhaps i should of said I am saving for a house, I dont know when im going to need the money but it will be in the next year or two.

So where do you now think the best place to put £200 a week into?

Savings, rather than investments, for such a short period of time.

Links below:
Regular saver thread.
Instant access saver thread.