Is this a good time to invest in a fund?

[Santaclauswhosthat]

Or are we heading for further recession?

Pension has tanked, interest rates so low on savings account that it's effectively losing money ie will be worth less this time next year than last. Never invested before apart from a little s&s ISA circa 20 years ago which did well through pure fluke but thinking now might be the right time to bung a grand in somewhere - but is it?

Yep, better than last couple of months anyway. It’s still long term though so don’t look it as a quick win

I’m not in the UK so not aware of all the financial products available there but would you really find a fund with a buy-in of £1,000? Most where I am have a minimum (usually €50k upwards).

Yes of course! You can put any amount in these days. Just need a platform

Absolutely, invest now while the markets are low for the medium to longer term. Speak to a financial adviser though, they will advise on the best funds or portfolios for your level of risk.

I've just put a small amount into a S&S ISA for the first time and have set up a small direct debit of £100 a month (all I can spare.) I've been wondering if I should have waited a couple of months but if you're viewing it as a long term investment then hopefully even if there is a recession over the next 10 years or so the general trend will be upwards. That's what I'm hoping for anyway!

Speak to a financial adviser though, they will advise on the best funds or portfolios for your level of risk

Not a chance of getting help with £1k to invest

With only £1K I’d just invest it yourself. Most funds have a steep buy in anyway. I’m sure there are some that will take any sum but I doubt they’d be that good.

If you’ve got £1k, bluntly you are not getting far but should be saving properly anyway. Take out an ISA.

With only £1K I’d just invest it yourself. Most funds have a steep buy in anyway. I’m sure there are some that will take any sum but I doubt they’d be that good

Absolute rubbish. It’s the platform that puts the minimum investment in place. The minimum buy ins are their problem.

Fidelity will take £50