Money makes Money...

[I Love Lamp]

I now have an additional £800 per month to invest (or save).

Do I:

a) Put it towards a new business venture, starting off as a 'bit on the side' (whilst doing everything correctly and 'to the book'.

b) Save up for a few months, invest in some form of start up

c) Gamble on shares

d) Savings

e) Other (??)

I currently have no mortgage or debt, so paying this off is not an option.

ETA: I appreciate this isn't a vast amount to save / invest, though it's a starting point. I have no other source of funds to act as a 'deposit', this is effectively a new branch off.

Edited by I Love Lamp on Thursday 2nd September 16:10

[michael_JCWS]

my take would be an ISA FTSE 100 tracker, bit borring, but in a few years time

[ShadownINja]

(a) sounds the best option. Never know, in a few years' time you might be able to tell your boss where to stick his job (assuming you're not self-employed already).

[ccr32]

A little bit of info on FTSE trackers - seeing as I googled it after reading the above posts, thought i'd share:

http://forums.moneysavingexpert.com/showthread.php...

[ringram]

depending on what your self employment business venture is, that potentially will give the best reward

[ymwoods]

I would build up some savings first and then invest into a business venture. A business venture is going to be where you make the most returns though but remember that this also comes with risk so the savings will be there to cover this.

[ringram]

doesn't sound a very entrepreneurial way of going about it

[ShadownINja]

ringram said:

doesn't sound a very entrepreneurial way of going about it

[Sideways Rich]

currently in a similar situation where I have no (UK) mortgage, and am saving £2.5k per month (more in months where I receive commission) towards a house deposit, I also have savings and some property (outside of the UK). Up until this point I have "invested" and I use the term loosely with mixed success in property. I'm now keen to understand more about investing in shares etc so have started to read a few books to understand the principles. What I could really do with is a session with a decent financial adviser to make me aware of my options and to become a little wiser in making my money sweat a little harder.

Does anyone on here do this for a living?

[Pferdestarke]

http://www.londonstockexchange.com/exchange/prices...

[Sideways Rich]

Pferdestarke said:

http://www.londonstockexchange.com/exchange/prices...

I asked for that! I meant are there any qualified financial advisors on PH?

[Sideways Rich]

No IFA's on PH then???