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Investments

Discuss investments with other users on our Investment forum. For more advice read our tips for saving for your child's future.

Original poster

If you had £100 a month to invest in something, what would you do?

14 replies

papersandpens · 21/12/2023 00:13

I'd like to try and make some money for the future. I'm clueless but I'd like to know about investing money and how to start.

Can anyone help or advise me?

OP posts:
Hopskiplou · 21/12/2023 00:20

Stocks and shares ISA using a platform which does it all for you - eg AJ Bell, Nutmeg

JustGotToKeepOnKeepingOn · 21/12/2023 00:21

Put it in a pension. Or if you need access to the money in emergencies put it into a high interest savings account. The Yorkshire Building Society have some great savings accounts at the moment.

JaninaDuszejko · 21/12/2023 00:23

Pension. Unless you already have an excellent workplace pension where you will have a high enough income in retirement that you will pay the same marginal tax rate you do now. Then out it in a S&S ISA.

Copperoliverbear · 21/12/2023 00:29

Tesco shares they have their fingers in lots of different pies, not just ones labelled Tesco and their head offices are massive at least 20 different buildings and that's just on one industrial park.

RachelGreensHair · 21/12/2023 00:40

I've been overpaying my mortgage by £100. And I have a fixed ISA. Would posters recommend pension over ISA and why?

Moonshine5 · 21/12/2023 01:09

Thanks

Ddcg12 · 21/12/2023 01:39

Premium Bonds

JaninaDuszejko · 21/12/2023 05:38

RachelGreensHair · 21/12/2023 00:40

I've been overpaying my mortgage by £100. And I have a fixed ISA. Would posters recommend pension over ISA and why?

Because pension are tax free savings so you immediately get that tax back at your marginal rate. No mortgage or S&S ISA gives such an immediate return.

So e.g. if you pay AVCs into a company pension for every £100 you pay out of your pretax income as a standard rate tax payer you'll only see an £80 reduction in your take home pay because you no longer pay tax on that income.

Original poster
papersandpens · 21/12/2023 06:34

Thanks all so much! Another question... can I choose a different pension at a better rate ( if so which one is good) I have a little part time
Job where if I contribute 8% my company puts in 14% - is this good?

OP posts:
AliceinSlumberland · 21/12/2023 06:40

I started a stocks and shares ISA with vanguard in Sept and even on the low risk option it’s made £50 since then, nearly £7% return.

Original poster
papersandpens · 21/12/2023 06:56

AliceinSlumberland · 21/12/2023 06:40

I started a stocks and shares ISA with vanguard in Sept and even on the low risk option it’s made £50 since then, nearly £7% return.

Oh that's brilliant! I'll have to have a look. I'm not at all savvy with this stuff so I do feel very clueless

OP posts:
UnAutreNom · 21/12/2023 06:59

What you do with this spare £100 a month depends on -

  1. The status of your emergency fund
  2. The status of your pension and it’s projected worth
  3. the status of your mortgage
  4. the status of your other debts and their servicing charges
  5. Your risk appetite
Bebebebe · 28/12/2023 12:04

Yes that's good!

I have a vanguard stocks and shares ISA. I put £100 a month into that. Lifestrategy fund..

Hitchens · 30/12/2023 17:48

Not sure how any of you who have provided 'advice' so far have based it on any factual information at all? You don't know anything about the poster, their age, their goals, their current status.

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