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  • FIRST POST
    • cole101
    • By cole101 9th Mar 18, 2:49 PM
    • 6Posts
    • 0Thanks
    cole101
    How should I invest my savings of 1k a month?
    • #1
    • 9th Mar 18, 2:49 PM
    How should I invest my savings of 1k a month? 9th Mar 18 at 2:49 PM
    Hi everyone

    I have about 5k saved in 4 different trusts and funds.
    I'm looking to aim to start saving around 1k a month.
    Should I put these savings into my existing trusts or invest in a low-cost index fund?
    I'm looking to purchase a property in the next 5-10 years.
    Many thanks
Page 1
    • ColdIron
    • By ColdIron 9th Mar 18, 2:55 PM
    • 4,144 Posts
    • 5,227 Thanks
    ColdIron
    • #2
    • 9th Mar 18, 2:55 PM
    • #2
    • 9th Mar 18, 2:55 PM
    You're likely to improve the quality of responses if you said what trusts and funds you already have
    • xylophone
    • By xylophone 9th Mar 18, 3:14 PM
    • 25,371 Posts
    • 14,967 Thanks
    xylophone
    • #3
    • 9th Mar 18, 3:14 PM
    • #3
    • 9th Mar 18, 3:14 PM
    First time buyer aged under 40?

    Have you looked at LISA?
    • sam_scott
    • By sam_scott 21st Mar 18, 8:03 PM
    • 30 Posts
    • 4 Thanks
    sam_scott
    • #4
    • 21st Mar 18, 8:03 PM
    • #4
    • 21st Mar 18, 8:03 PM
    Utilise tax wrappers eg. SIPPS/ISAs available to you. Diversification is the key to build a good portfolio, invest in different regions/industries/assets etc. and it should help you through the good times and the bad...
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