Investing advice

[patriciac18974]

Hi!

I recently got some inheritance - £7.5k and I'm considering investing it. However, I haven't dabbled much in this area and have been told by a number of people that IFAs aren't very nice to deal with (condescending towards women, untrustworthy etc.) and perhaps Robo Investing would be a better route to go down.

Has anyone else had experiences of using one or the other or have any thoughts on whether robo would be a better in this instance?

Thank you!
Patricia

I've been investing with Vanguard in the US for decades and they are very low cost and the customer service is brilliant. They're an American company that invented the idea of passive investing - investments that buy the whole group of stocks in an index rather than picking winners and losers.

Here's their UK website:

www.vanguardinvestor.co.uk/

Robo investing is good for figuring your best investment mix but that honestly not all that hard. It depends on how soon you'll need the money back potentially.

Good luck and congratulation on the windfall. And good on you for investing it instead of spending it on a flash holiday.

I've been using nutmeg for a while and have impressed by their results and customer service.

IFAs would have no interest in £7.5k. I second blackcat86 in recommending nutmeg - low cost access to diversified portfolios.