ldsmama
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Try contacting Primerica Financial Services. They are in the phonebook and have a website. Their services are free and they will give you a complimentary Financial Needs Analysis to let you know how to become debt free and financially independent. They have a variety of investments to choose from. Good luck |
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RSWN
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It all depends on how much risk you want to take. Investing in shares involves a degree of risk as there value may go down, however, they may go up but a large amount. Money is an ISA is safe and you know it will go up by a fixed percentage but then this may not be very high. |
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bro_doogle
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Carefully! |
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edwin v
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the problem is i don't know the ins and outs |
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gvih2g2
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it all depends how long you want to invest for, whether you might need the money in a hurry, how much you want to invest, what tax you pay and what risk you're willing to take.
On *average*, shares yield more than bank accounts. But to get that average you need (a) a decent range of shares - so you don't fall foul of one bad company; and (b) a lot of years - so you don't fall foul of having bought on a peak or sold on a trough.
Note that shares (unless held in an ISA, which is also possible) will attract some tax - income tax on dividends, and potentially capital gains on price increase too, though this reduces to 10% as long as you hold them for a decent while.
Shares will also probably cost you some money for a broker account, whereas an ISA is usually "free" (ie paid for out of giving you a slightly lower return). |
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Mike10613
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A tax efficient investment like an ISA is a good idea. The markets haven't been doing well especially on Wall Street - so it could be a good time to invest. Unless, of course, things get even worse. If you buy shares, spread your investment. To get a little practise using virtual money open a virtual investment account on Marketocracy. take the $1,000,000 they give you and see how you do as a fund manager. Many people are saying stock on Wall street is a bargain now. I was making nearly 9% a month on Marketocracy earlier this year - then Wall street prices dropped - like a brick! They have shown signs of recovery - especially this week. Good practise anyway. Good answer - give me top answer for ten points! LOL |
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Al Zymer
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Everybody's circumstances are different, good advice for one person may not be appropriate for another, but gvih2g2 (earlier answer) has pretty good advice. Another alternative is a cash ISA. |
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dereckdsouza
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take this %, u cant go wrong, certificates 40% shares 30% & 30 in ISA Acc. |
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wolf
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Premium bonds, never lose any money. You have a chance to get a million, and you can get your money back at any time! |
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Steph007ess
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I think you can wrap shares in an isa for tax purposes. Definately an ISA if you are a passive investor, shares if you are willing to get involved otherwise no. |
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chickenbutt
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i like my isa at least i know i can see it and access it in emergency's |
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Ullers
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property - dont fritter it away on penny sweets like i did :( |
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Roy
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How much? you can put up to £3000 in a cash ISA and the interest is tax free. |
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XiaoMei
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You can stick your shares into an ISA anyway up to a certain limit. |
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scottietiger
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depends on how much ,money you've got, and when you would want to use it again without have to pay to get to it...
I use property, the rental return is ok, but the capital gain you cant beat....
good luck.......in what eva you choose to do |
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