Re: ot: savings

wessie <putmynamehere@xxxxxxxxx> wrote:
Jeweller <dghoward@xxxxxxxxx> wrote in news:xaP7l.14684$Sp5.11548
@text.news.virginmedia.com:


I've precious little by way of savings, but I rather fancy
trickiling stuff into stocks and shares now while the market
is low.
Stocks and shares ISAs will be needing a deal of research,
so I'm hoping to find a managed fund.
I'm not risk averse, I am fairly ignorant of these matters
and I'm happy to be advised.
UKRM is but one of my sources of info.


<reposts recommendation as it may have been lost on your server>

lots of info at http://www.bestinvest.co.uk/index.aspx inc. an opinion on
all of the ISA funds available.

Everyone should have the first 7200 of their savings in some kind of ISA
simply because it is tax free. You can put all of your 7200 into a single
shares ISA or half into a cash ISA.

Shares ISAs come in 2 basic variants, managed and self select.
Managed funds are fine for the beginner and for those who want to leave
decisions to the "experts" [1]. Beware of the charges, all managed funds
charge fees so read the fine print.
Self Select ISAs let you pick your own shares, less of your money
vanishes in fees but you get to make your own mistrakes.

[1] None of them saw the crash coming, the herd instinct rules.

Despite the above, it will be difficult to lose on the stock market
for the next year or so, simply because there is nowhere to go but up.
Some companies will crash and burn, the rest will recover so too many
eggs in one basket is a bad move.

--
03 GS500
68 Bantam D14S

.

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