Investment

[pete01]

As already recommended, open a shares isa, put the money into a fund and check it every 6 months

How?

 

[Highway Man]

How?

Exactly. Easier to place some gold coins in a pillow case and keep touching it.

 

[motorbiking]

Interactive investor. Or trading 212 etc.

Some have a monthly fee some get you on the spread.

For my UK investments I use Interactive investor. For my US e*trade.

Interactive investor is ok. Monthly fees are a bit high. But on a 5k starter with regular deposits. Is probably irrelevant

 

[aveatry]

Some places will sell you gold and "keep it safe for you" no fanks i will ave it if you Don't mind

 

[Mottie]

We keep our money in boring old savings accounts. Because we don't want to lose it.

Same here.

 

[Mottie]

put the money into a fund and check it every 6 months

To see if it’s still there?

 

[motorbiking]

there is nothing wrong with that strategy. Others will tell you its a stup1d idea as it will be eroded by inflation. But if you have more than you need, savings is fine.

For those who need a bit more than 3-5% some risk taking is needed.

 

[Dec27]

How?

Join H and L or similar for son and use his allowance to put up to 20k a year into an isa, linked to a share fund.

Set up a direct debit and job done.