whats it called?

Dec 26, 2007 2 Replies
T

i want to invest 50 a month in the top 100 companies on the stock exchange. i want to have it come out of my bank by direct debit every month.



does this product have a name? where do i get one? I am weary of financial advisors as I have always thought they sell you the product with the most profit.



i am not a troll - I know there probably financial advisors here. dont rise to it its just a (mis?)conception i have always had.



is there an online ifa? i know what I want and I would rather not have to face a pushy guy in an armani suit.


Vote
Twitter Facebook LinkedIn
G

Bitstring , from the wonderful person Terry Newman said

You want an FTSE100 tracker fund .. there are several. Legal & General have one with fairly low charges, sold as a unit trust (well, modern equivalent, probably). I'd personally go for a managed fund, which invests across a wider spectrum than just the top100 companies, but hey, it's your investment not mine.

You might as well invest it through something like the Hargreaves Landsdown Vantage funds account, which will actually accept an amount that small (I am amazed):

formatting link

Vote
Twitter Facebook LinkedIn
N

Terry, There are plenty of on-line companies that you can invest in most financial products through. I've used

formatting link
in the past and it was fine.

Neil Pike Protech Computing Ltd

Vote
Twitter Facebook LinkedIn

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required