2006-12-01 16:47:28 · 5 answers · asked by srochacito 1 in Business & Finance ➔ Personal Finance
For no-risk savings, get an ISA. You can save up to £7k a year (3k in cash, 4k in shares) and the interest you make on them is tax free.
It really depends on how much money you have to save though?
2006-12-01 22:25:35 · answer #1 · answered by Clem 3 · 0⤊ 0⤋
It really depends on your financial goals. You should look at trying to set up a financial plan for yourself. And from there decide what types of investments will give you the growth or income you need. My opinion is that most people need to educate themeselves before investing, and I would advise you to read books by Robert Kiyosaki from the Rich Dad Advisory Series. These are well known financial literacy books.
2006-12-02 00:57:36 · answer #2 · answered by b123morgan 1 · 0⤊ 0⤋
I like emigrant direct or high rate saving accounts so I can access the money easy. You can check they at bankrate.com I list the highest saving rate in the US
2006-12-02 09:56:31 · answer #3 · answered by MICHELS2 2 · 0⤊ 0⤋
Mutual Funds are the best bet for novice and passive investors.
2006-12-02 01:11:10 · answer #4 · answered by rodanrodney 1 · 0⤊ 0⤋
invest it, stocks are the way to go it seems, but dont invest it all in one place, have some in food, gas, stores, that sort, that way if one fails you might still end up making more on others
2006-12-02 00:56:23 · answer #5 · answered by sexydevil_252 1 · 0⤊ 0⤋