Got any questions on investing and saving? Ask the experts at Legal & General

[EllieMumsnet]

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Savings or investing? Cash ISAs or stocks and shares ISAs? Should you invest for yourself or your children…...it’s safe to say there is a fair amount to think about when it comes to your money and it can be difficult to sift through all the information out there to find out what you really need to know. We conducted a survey last year with over 1,500 MNers & GNers and found that 18% would like to invest their money but don’t know the best way to do so and 10% don’t know the best way to save their money. With that in mind, Legal & General are here to answer any questions you have around savings and investments.

Here is some more information on Helena Morrissey from Legal & General: “Helena Morrissey DBE, Head of Personal Investing. Helena joined Legal & General in 2017 as Head of Personal Investing and has been leading the drive to ensure that the benefits of investing are better understood and widely available, with a particular focus on improving women’s financial wellbeing. Prior to joining Legal & General Helena was CEO of Newton Investment Management.”

Here is what Legal & General have to say: “A nudge in the right direction can often kick start a saving habit that can help with a more secure financial future. Getting started even with a little and often for you and/or your children can really pay off over the long term. It’s never too late to start saving and investing, so if you haven’t started yet what’s stopping you?”

Whether you have questions about the best way to begin investing, or creating an ISA account, how much you should be saving or any questions around how to save for your child’s future, ask them on the thread below and we will choose 10 for Helena to answer.

Everyone who posts their question on the thread below will be entered into a prize draw where 3 MNers will win a £100 voucher of their choice (from a list).

Thanks and good luck with the prize draw.
MNHQ

Standard Insight T&Cs Apply

Open 11/02/19 to 25/02/19. To enter please post on the thread below. One entry per person. Three prizes to be won: £100 voucher of winner’s choice chosen by random draw performed by computer process.

The value of your investments can fall as well as rise and any income from them is not guaranteed.
Legal & General (Unit Trust Managers) Limited.

Should we invest in more risky ventures, or play it safe with an ISA when it comes to childrens savings?

Would it be better (or as good) to invest in Property, rather than Pensions?

I took ill health retirement from work three years ago. I got a lump sum, but was too unwell to think about how I could invest the money and have tied it up in a five year fixed rate bond. When it matures I want to make a better choice. I don't want to access the money for at least ten years. What are my options?

i would like to open an account for my son that he can access but unsure where to go with all the bank branch closures

are life time ISA's worth it?

With savings rate so low how do you guard savings against being eroded by inflation, (i.e. buying power) without taking on too much risk?

Which savings accounts are best for interest rates?

Is there a tax effective way for small ltd company owners to make use of the childcare voucher scheme ?.

What product has the best return of investment if you currently do not have any savings products?

Generally speaking, is gold a wise investment for the long term future? I'm thinking in terms of buying now and selling 20-30 years later.

I have a small pension of about £26k from when i was working. I have given up work to stay at home and bring up the children, last year i lost a fair amount from my pension including fees and have not paid into it as i no longer work. Is there anything else i can do with it to stop it losing value while i am not employed?

What is the best way to save when you are already on a limited budget?

Are premium bonds still a good investment for my children or are there better ways to invest smaller amounts of money for their future.

I have £75000 to invest. Where should i put it?

We try to save monthly but it all seems a bit pointless when the savings account rates are so low. I know there's no magic answer, but does higher return always mean higher risk? We can't afford to lose our savings pot.

What is the best investment given that interest rates remain so poor?

I want to save for my children but need to know what the best way to go about doing this is. Could you speak me through the different options I have?

I only started a pension at 30. Am I going to be scuppered? Should I be saving more?

At what age can you start a pension?

Should we be looking to tie our savings up or do you think interest rates will rise again?

I have no idea where to start when it comes to savings accounts. Where can I find free, non-biased information on the best option for me?

If you had £50 a month to save or invest, what would you say would be the best thing to do?
Isa? Premium bonds? Shares? Etc...

Where is best to save over 18 years?

Is it better for my son to save or pay off his student loan?

Where can I find a good savings account for my 12 year old that he can also access with a debit card if required, given limits on his withdrawal amount.