Best investment fund to put a little money into?

[benjijames28]

I'm in the process of saving and want to put a portion of my savings into a investment fund.

We are not talking a lot of money here, maybe start with 500 to 1000 pound, top that up with 100 to 150 a month depending on what my pay rise is next month, and pretty much keep topping it up while ever i can afford to.

Nutmeg.com. Seems a simple way if investing, and your free to take your money out when you need to.

Any other suggestions? Or any other advise on what to do with this small amount of money?

[TartanPaint]

http://www.fiveraday.co.uk/

[benjijames28]

TartanPaint said:

http://www.fiveraday.co.uk/

Not heard of that one, will take a look.

Anyone got other suggestions?

[sidicks]

benjijames28 said:

Not heard of that one, will take a look.

Anyone got other suggestions?

Best for what purpose?

[RicksAlfas]

Nutmeg or Moneyfarm?

[aussieal]

Some good info on a thread I started in this forum, asking a similar question - http://www.pistonheads.com/gassing/topic.asp?h=0&a...

[sidicks]

aussieal said:

Some good info on a thread I started in this forum, asking a similar question - http://www.pistonheads.com/gassing/topic.asp?h=0&a...

But you provided a much more complete background to your circumstances and investment objectives than the OP.

The 'best' fund could be a cash fund or a Bolivian equity fund, depending on the OP's risk appetite and objectives!

[benjijames28]

Right, well i want to grow a nest egg long term.

I'm currently in a position to save 500 quid a month from my income, 400 is going in the bank, and 100 I'm looking to let accumulate elsewhere.

As for appetite for risk, probably looking at medium to high risk.

I know nothing about investing.

[Steve7777]

A very low cost index tracker in an ISA is a good place to start.

[sidicks]

Steve7777 said:

A very low cost index tracker in an ISA is a good place to start.

Agreed.

[sidicks]

benjijames28 said:

Right, well i want to grow a nest egg long term.

I'm currently in a position to save 500 quid a month from my income, 400 is going in the bank, and 100 I'm looking to let accumulate elsewhere.

As for appetite for risk, probably looking at medium to high risk.

I know nothing about investing.

If you have a medium-high risk appetite and a long term investment horizon, why are you putting so much into cash?

[greygoose]

benjijames28 said:

Right, well i want to grow a nest egg long term.

I'm currently in a position to save 500 quid a month from my income, 400 is going in the bank, and 100 I'm looking to let accumulate elsewhere.

As for appetite for risk, probably looking at medium to high risk.

I know nothing about investing.

What is long term for you though, 5,10,25,50 years?

[benjijames28]

sidicks said:

If you have a medium-high risk appetite and a long term investment horizon, why are you putting so much into cash?

I have goals and needs for the cash, i might end up putting a bit more into an investment account, but the cash has purpose. If or when i know more about stocks and shares, i may increase what i put into it.

[Craikeybaby]

I do similar with a S&S ISA from Cavendish online, invested in Vanguard Lifestrategy 80. If I'd known about fiveraday at the time I probably would have gone with that.

[Shrimper]

Another vote for fiveraday - I was in a similar situation last year.

Its an easy to use platform for novices like me but seems to be providing reasonable returns (well a lot better than an isa in the past year)