So, I've got £200 pm to invest. In what?
Discussion
As title.
I was going to put the £200 per month into an existing ISA but I *think* I'd like to try something a little more - exciting?.
This will be more of a hobby as at the moment the £200 is surplus.
I'd like to become a millionaire within the next 2 years but I know that isn't going to happen to a complete and utter novice with £200 p m.
So,- stocks, shares, gold, wine, wheat (as it's on the way down, temporarily I feel)?
Where do I start?
Thanks in advance.
(If I do become a millionaire in 2 years the person with the idea that made me will be given 5% of anything over and above
)
I was going to put the £200 per month into an existing ISA but I *think* I'd like to try something a little more - exciting?.
This will be more of a hobby as at the moment the £200 is surplus.
I'd like to become a millionaire within the next 2 years but I know that isn't going to happen to a complete and utter novice with £200 p m.
So,- stocks, shares, gold, wine, wheat (as it's on the way down, temporarily I feel)?
Where do I start?
Thanks in advance.
(If I do become a millionaire in 2 years the person with the idea that made me will be given 5% of anything over and above
)RPI is currently around 5%. Any return below this and your money is losing value.
Would have recommended NS&I INDEX-LINKED 3 YR CERTIFICATES but the Treasury have recently stopped any issues until further notice
I've just chucked a few bob myself into an HSBC FTSE-100 TRACKER ISA. Very low annual fee (0.25%).
Feeling more adventerous? I've also got my eye trained closely on JP MORGAN NATURAL RESOURCES FUND ISA.
Justin
Would have recommended NS&I INDEX-LINKED 3 YR CERTIFICATES but the Treasury have recently stopped any issues until further notice
I've just chucked a few bob myself into an HSBC FTSE-100 TRACKER ISA. Very low annual fee (0.25%).
Feeling more adventerous? I've also got my eye trained closely on JP MORGAN NATURAL RESOURCES FUND ISA.
Justin
grumbledoak said:
£2400 p.a. is less than your cash ISA allowance.
TAX will be the single biggest cost in your life.
How much money would you have left after you'd 'maxxed out' at least the cash ISA?
Understood.TAX will be the single biggest cost in your life.
How much money would you have left after you'd 'maxxed out' at least the cash ISA?
But ISA's are so boring.
I need some excitement.
I'll pay tax on anything other than an ISA and I'm quite willing to as long as I make a bit back.
3 years ago I almost cleared out an ISA to buy some land and it's (the land) recently been valued nearly £10k more than I paid for it. I'd buy some more if only there was some available locally.
Edited by Zip106 on Sunday 8th August 23:39
Black Sport 160 said:
RPI is currently around 5%. Any return below this and your money is losing value.
Would have recommended NS&I INDEX-LINKED 3 YR CERTIFICATES but the Treasury have recently stopped any issues until further notice
I've just chucked a few bob myself into an HSBC FTSE-100 TRACKER ISA. Very low annual fee (0.25%).
Feeling more adventerous? I've also got my eye trained closely on JP MORGAN NATURAL RESOURCES FUND ISA.
Justin
This one?Would have recommended NS&I INDEX-LINKED 3 YR CERTIFICATES but the Treasury have recently stopped any issues until further notice
I've just chucked a few bob myself into an HSBC FTSE-100 TRACKER ISA. Very low annual fee (0.25%).
Feeling more adventerous? I've also got my eye trained closely on JP MORGAN NATURAL RESOURCES FUND ISA.
Justin
Looks interesting.
http://www.trustnet.com/Factsheets/Factsheet.aspx?...
I'll keep my eye on that too.
Zip106 said:
This one?
Looks interesting.
http://www.trustnet.com/Factsheets/Factsheet.aspx?...
I'll keep my eye on that too.
That's the one.Looks interesting.
http://www.trustnet.com/Factsheets/Factsheet.aspx?...
I'll keep my eye on that too.
Personally, i'm bullish on commodity values / oil prices over the medium term. China has growing demand for such items and as the macroeconomic situation in the West improves over the next few years, I reckon now is a good time in the cycle to put money into it.
Work / leisure commitments mean I don't have the time to pick individual stocks as they need to be closely monitored.
There are a few similar Funds out there, but this one has a long trading history and the charges are reasonable for a managed Fund. JP Morgan is hardly a one man band outfit, either.
O/T: Just looked at your profile - that 996 sounds a bloody good motor car
Welshbeef said:
Can you ISA that JP morgan unit trust?
Yes, bit of a minefield on the JPMorgan website, but go and have a play on it and you should find the relevant documentation:http://www.jpmorganassetmanagement.co.uk/Adviser/_...
Edited by Black Sport 160 on Monday 9th August 07:26
Black Sport 160 said:
Zip106 said:
This one?
Looks interesting.
http://www.trustnet.com/Factsheets/Factsheet.aspx?...
I'll keep my eye on that too.
That's the one.Looks interesting.
http://www.trustnet.com/Factsheets/Factsheet.aspx?...
I'll keep my eye on that too.
Personally, i'm bullish on commodity values / oil prices over the medium term. China has growing demand for such items and as the macroeconomic situation in the West improves over the next few years, I reckon now is a good time in the cycle to put money into it.
Work / leisure commitments mean I don't have the time to pick individual stocks as they need to be closely monitored.
There are a few similar Funds out there, but this one has a long trading
history and the charges are reasonable for a managed Fund. JP Morgan is hardly a one man band outfit, either.
O/T: Just looked at your profile - that 996 sounds a bloody good motor car
I'd like to think I have the time for individual stocks but, like you, I don't really.
I do fancy having a go with some wheat stocks so I could possibly cope with doing that on a small scale.
Re the car - yes it's good but, dare I say it, *whisper* a bit boring *whisper*.
ringram said:
Welshbeef said:
Can you ISA that JP morgan unit trust?
Why bother!?Initial charge 4.25%
Annual management charge 1.50%
I wonder if with Funds such as these if its possible to purchase through an intermediary for a lower overall TER than buying direct through JPM?
Black Sport 160 said:
ringram said:
Welshbeef said:
Can you ISA that JP morgan unit trust?
Why bother!?Initial charge 4.25%
Annual management charge 1.50%
I wonder if with Funds such as these if its possible to purchase through an intermediary for a lower overall TER than buying direct through JPM?
Black Sport 160 said:
ringram said:
Welshbeef said:
Can you ISA that JP morgan unit trust?
Why bother!?Initial charge 4.25%
Annual management charge 1.50%
I wonder if with Funds such as these if its possible to purchase through an intermediary for a lower overall TER than buying direct through JPM?
Gareth79 said:
Black Sport 160 said:
ringram said:
Welshbeef said:
Can you ISA that JP morgan unit trust?
Why bother!?Initial charge 4.25%
Annual management charge 1.50%
I wonder if with Funds such as these if its possible to purchase through an intermediary for a lower overall TER than buying direct through JPM?
k that - My 8 year old daughter beats me at Snap so I've got zero chance at Poker!
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