Has anyone got any particularly good ideas in a way to invest about 50 a month over the long term (up to roughly 40 years, certainly more than 5-10 years anyway)? Access to the money isn`t required, but a good chance of growth is preferable to the money being absolutely, 100% safe.
Thanks!
Something like
This gives you commission free purchases for a selection of tracker funds - hence you can invest 50/month without it all disappearing in charges.
Also, if you're not currently a member of Comdirect and are referred by an existing customer, you both get 50 - so if you're interested in joining let me know.
Regards Sunil
go to this site and you will find all the advice you need
Regards Bob
Been there and had a read, but no matter how much you trust a single source, surely asking for advice elsewhere (even if only to confirm what the first source said) is a good idea? :-)
I agree with you 100% that is why the Fool is so good because there is a variety of opinions. I assume you did read the Forums.
Premium Bonds!
sarah
I would be inclined to look at a plan, using an ISA, to invest into an Equity Income fund. Choose one with no initial charge, or else see if you can do it through a discount broker.
The compounding effect of reinvestment of the income (done automatically in accumulation units) begins to take effect after a few years, so that the income is more than the annual subscriptions. I did something similar starting in 1968, and lasting 29 years. I've never regretted it. Income overtook subscriptions in 1981. By 1997, income was 6 times the subscriptions.
Look at other options, but with only £50 per month I'd reccomend an Investment Trust as most Unit Trusts will have much higher charges (especially within an ISA). Tracker unit trusts might also be an option (if you like trackers).
Take a look at RIT Capital Partners, British Empire Securities (two of my favourites) though there are _many_ others.
Thom
In message , Thom writes
What UT ISAs are more expensive when in an ISA?
Wow! I had to read that twice; most people ask for good growth and their money being 100% safe
Avoid index trackers if there's a suitable Exchange Traded Fund (ETF) alternative on the basis of charges.
I admire the philosophy of Personal Assets Investment Trust.
I now agree with the PYADic principles of value & high yield investing for the chance of long term outperformance.
These are the things that have influenced me -
Tweedy Browne - "What Has Worked In Investing" and "10 Ways To Beat An Index"
Daytona
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