Localfund.com - All about Fund and Investment
*Home>>>Invest Money

Help?! What are the types of ISA? What is the best way to invest my money?


I currently have some money in an ISA saver direct a/c with the RBS (5.75%) opened 17 jan 07, what are the different options out there for me and where is best??

ISA's are good for saving if you need to keep the money accessible because they return pretty well (5.75% is very good). If you need to keep this money accessible, I don't think you can get better returns pretty much anywhere else. However, if you are able to tie up your money for a certain amount of time, you may try looking for some high yield CD's. If you are willing to leave it alone for at least 5 years or more, invest in a good growth stock or even index mutual fund.

Hope this helps!

Tags
  Investment Calculator   Investment Bank   Investment Advice   Investment Account   Invest Money   Invest in Gold   Invest Fund   Income Fund
Related information
  • If I have $500k windfall, am I better to pay my home loan in full or invest the money?

    So far you have been getting some pretty good answers. However it is really a matter of personal balance sheet management. Your home, regardless of ownership should appreciate at 3-4% a year ( n...

  • I have a little money, i want to invest in something to make more. Do you guys have any ideas?

    There are very few investing options available to somebody with less than $500-1,000 to invest, as you cannot meet investment minimums in legitimate stocks or funds with less than that. Also, be...

  • Should one borrow money from banks to invest in shares /stocks IPO?

    Definitely not. While the interest you'll have to pay is fixed, the gains from investing in stocks are not (especially IPOs which are extremely risky, usually individual investors stay away fr...

  • Should I be paying fees to invest in a 403(b)? I currently pay 5.45% of all money invested.?

    That seems really high for your 403b plan. Check that again or explain further. Because you are only paying internal fees for the mutual funds you have in your plan. And if you have an annuity s...

  • I'm 25 years old and I have been given $5k. I want to be wise with this gift, how should I invest the money?

    At 25 years old, you can afford to put this money in a very aggressive investment as long as it won't keep you up at night. You might want to alleviate your fear of risk by putting $1000 in...

  • Which should I do with found/saved money - invest or payoff student loans?

    Unless your investment will yield a higher rate of return than your student loans, pay off your student loans or other loans you may have, paying off the highest interest ones first. Remember ...

  • How should a person with not much money invest on green/eco friendly related industries?

    Green/Environmentally friendly investing is a subset of an investment philosophy called Socially Responsible Investing (SRI), which is a form of investing based on ethical considerations. A com...

  • If a person had the cash to pay off their personal house loan should they pay it off or invest the money?

    It depends on one's situation. How much is outstanding, what you can get on investment return, what % interest your paying, amount of interest claimed on taxes. Lots to consider.

    ...
  •  

    Categories--Copyright/IP Policy--Contact Webmaster