investment!

[andy*smartcleaning]

I wonder if someone could advice me please

just been given £1500 inheritance and was told I would get £3000 next year! but thats the total amount.

Now I don't wont to spend this but would like to invest it but not sure where! if its any help I don't have a pension and retire in 20 years time (or there abouts)

Andy

[mohamed_al_gharib]

u can always get stocks and shares from a good company or just start your own business company

[andy*smartcleaning]

u can always get stocks and shares from a good company or just start your own business company

was think more like a isa or something but if you was to recommend a business for me what would it be!

[Bri]

Morning Andy,
Probably your best bet to invest the 1500 in an isa, short term. That'll kick start your pension. I think the rule of thumb is to half your age, I'm guessing your 40 by the retirement time of 20 yrs, that will give you the speculative percentage of your salary/ drawings that should be going into a pension plan.

I've also been speaking to someone last week about a private health plan, like you I'm in a physical business and the thought of breaking a limb or other age disorder( me not you) that would stop you working for a period of time or also get treated properly.

I'm only thinking along the lines that its money youve come into rather than earned.

Hope that helps a bit.

[mohamed_al_gharib]

well andy hw about what u like for example providing a service in wat your good at, design, restaurant or even communication skills, or selling products anything u have passion in, im starting my business on design in mechanical products since thts my passion and major gd luck

[Wholesale-Dealer]

you can also invest your money in the banks and enjoy the mark ups

[andy*smartcleaning]

Morning Andy,
Probably your best bet to invest the 1500 in an isa, short term. That'll kick start your pension. I think the rule of thumb is to half your age, I'm guessing your 40 by the retirement time of 20 yrs, that will give you the speculative percentage of your salary/ drawings that should be going into a pension plan.

I've also been speaking to someone last week about a private health plan, like you I'm in a physical business and the thought of breaking a limb or other age disorder( me not you) that would stop you working for a period of time or also get treated properly.

I'm only thinking along the lines that its money youve come into rather than earned.

Hope that helps a bit.

Big thanks :-) i'm ok if something did happen to me and i had to have time of work as I have employees! but would think a isa would be a good move! really dont know much about them so this will be my next move to look into isa and pensions

[AccountancyStudent]

You should get an ISA as they are tax-free!

You can either hold cash or shares inside one

You can convert a cash isa to a shares isa but not the other way around - so if you are considering shares you can put it into cash whilst deciding on what to do

[Marshall Mather]

:eek:Hello
I think share market is a great way where you can invest your money because nowadays it's a great way of income. Here is some risk also. So before investing you should learn something about share market strategies. Real estate is the another way of investing.

Thanks for sharing.
platinumrealtyaustin.com

[sharecentre]

If you have no experience in trading shares it can be pretty risky to put the money into this. However, if you get experience and are good at it you will get a much higher ROI than by putting the money in an ISA, particulalry with interest rates so low at the moment. You could set up a practice share dealing account with share.com where you have 'fantasy money' you can use to try your hand at stock market trading before putting your money on the line. The Share Centre also has lots of information on ISAs and pension schemes, if it is your pension you are worried about then maybe a private pension scheme is the best bet?