I received a bonus from work and have £3000 available to invest. Rather than just putting it into a cash ISA I am considering opening an online sharedealing account and investing in shares.
However, even the cheapest online brokers charge a flat fee of around £8-10 per trade.
I don't mind a moderate degree of risk, but I get the feeling that after trading fees are deducted I will struggle to beat the performance of a tracker fund or even a normal savings account even if I make good stock selections (and this is by no means guaranteed!)
Is there a general rule of thumb for the mimimum amount of money that a private investor should have before they consider investing directly in the stock market? Should I just stick with a cash savings account, or possibly tracker / mutual funds?
2007-01-15
23:58:22
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12 answers
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asked by
Jon S
1
in
Investing