Advice

current account mate,the chances of making the correct decissions regarding your money over the next 40 yrs with expert advice from fiananical advisors,banks,friends, the media are roughly nil,u,ll have ups and downs ,more downs than ups ,troughs and peaks and at the end of the day cut all the middle men out and invest in the highest isa,s, fixed rates available to you,this is a country where most councils invested our, money in iceland, advised people to**mortgages 12 months later they were at 0,5 %, misold endowments,and pensions,and serps ,the chances with out inside knowledge of making all the correct calls are nil

lol to the above post

pensions advice is to save 200-300 a month from the age of 20

forget funds - the annual charges will massively reduce any gains

forget self-funding pensions. Pensions are only a good idea if your employer is matching your contributions. Might be an idea to find an employer who offer a pension scheme.

At your age you want something which you can access fairly easily - you never know when you might need a deposit for a flat, buy a car etc.

Suggest you stick with ISA's - just make sure you try to make the most of the annual allowance

Thanks to all posters so far...

Out of curiosity, I do already have an ISA, can you have more than one??

no 1 per year

first of all ignore everything the government tells you is good.It will be designed to keep you poor and controlled.With such a tiny amout of 100 per month your not really going to go far but your are smart to start your mind on the investment path.The key is to keep control and get some kind of return that is consistent.keep building and keep going.Once you get more funds concentrate on cashflow NOT capital gain.Forget about investing for some unknown gain 10 or 20 years from now.Remember superannuation using your own money is a scam.
The other thing to consider is to spend some money learning new skills.Skills for which there is a demand NOW or in the close future.Exploit those needs.keep building and go for cashflow.

some brilliant advice on here

:(

as for new skills, the easiest phrase in politics,theres 1000,s og graduates with skills going straight on the scrapheap,what skills do you mean,the really important skills a modern employer wants is the skill to work for the minimum wage

Maybe purchase a Speak n Spell?

1st time poster 25 Jan 02:47


as for new skills, the easiest phrase in politics,theres 1000,s og graduates with skills going straight on the scrapheap,what skills do you mean,the really important skills a modern employer wants is the skill to work for the minimum wage

1st poster, cclearly if there are 1000's going onto the scapheap you have to ask why?Probably because the govt gave some kind of incentive or advice to get these skillsIGNORE WHAT THE GOVT TELLS YOU IS GOOD.Thats the first rule.Its the same worldwide, chinese govt encourages its young ppl to go abroad and get a masters degree.There are now so many masters degrees in china they no longer have value.In australia the govt allows students to come here and tells them to do this course and you will gain points towards gaining permanent residency.So many students follow that advice and when they graduate there are 2 many for the vacancies.Guess what- they return to where they came from to an overcrowed jobs market because 100,000's of student took the same promise.
!st time- you gotta work things out for yourself.I dont know what the skills where you live will be in demand.You gotta open your mind.In australia at the moment and at least for the next 5 years any building type trades person with half a brain and a good work ethic can become a millionaire due to huge demand.Whats the demand where you are?Look around.Wheres the demand and the lower competition?fill that need.Get the skill.You will need to change skills many times in your work career.Accept it.
AQbove all ignore the goverment and cnbc.

You need to have a broad portfolio with some equities in it. 0EIC Funds. Scottish Widows have a managed Balanced portfolio which includes bonds, equity, I believe. See web site, not sure if you can save monthly into it or ifit is a one off payment?

Do no harm to get advice from them?

cheers mrben, checked my local area and its back to that seen from the boys from the blackstuff of 30 years ago where they spend a series building a building that when its finished becomes a job centre,already there in the queue with trowl in hand theres100,s of us