I want to put a bit away for my youngest lad.
Is this realistic?
Where do i start?
Is this realistic?
Where do i start?
Investment
- Thread starter pete01
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No. If you’re putting £5k down and £100 a month, you’re not investing £29,000 on day one. It’ll take you years to reach £29,000 and who says the 7% is guaranteed? Sure, it could grow but it could also shrink. BTW, your figures are out:
As it says, that’s what it could grow to. What if the stock market crashes? What about capital gains tax?
As it says, that’s what it could grow to. What if the stock market crashes? What about capital gains tax?
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No I mean put 5000 in then add 100 a month.
Over 15 or 20 years.
Over 15 or 20 years.
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Buy some sovereigns.
I have thought about that but is now a good time to buy?
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Has he used his ISA allowance ?
Create a stocks and shares ISA and choose a buy and forget global tracker. There are a few.
VWRP. It is a global tracker - it’s never a good time to buy, the day you buy. You’ll find out later if it was a good time to buy.
Create a stocks and shares ISA and choose a buy and forget global tracker. There are a few.
VWRP. It is a global tracker - it’s never a good time to buy, the day you buy. You’ll find out later if it was a good time to buy.
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There is also FWRG which is similar both are all world trackers.
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Gold reached an all time high around the new year, since then it has fallen about 25%, so it is a better time to buy now than it was March this year, but will it be cheaper next month? You could buy one a month, any UK sovereign or Britannia coin, they are all CGT free, so if they double in price over 5 years HMRC can do one.
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I quite fancy buying gold coins as I prefer to see something to touch and keep rather than these isa and stocks and shares. I am not comfortable enough or have the knowledge with them. I have been thinking a while about gold coins as no knowledge needed.
Same here
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When you hear MBK and Justin talk about stocks and shares on here it goes right over my head. Buying gold coins though does seem pretty much fool proof.
Me too I have no clue where to start, but the coin thing I can do, probably...its just knowing not to buy at the wrong time.
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Sovereigns and Britannia gold coins are different purities of gold, sovs being 22ct and Brits are 24ct. When buying, try to work out which will give you the most pure (24ct) gold for your money. Each are just as easy to cash in if you need. Chards is a good place to look, but try other bullion dealers, as they all have some deal going at some time.
Will gold go up by 10 times in another 20 years?
