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Hi guys,
New to the forum here, so hello!
I'm 31 and I live in London, UK. I feel like I've left my financial education and goals way behind my other areas of expertise, and it's time to get the ropes of how to make good investments to secure a decent future.
This is my first ever financial portfolio that generates some income already:
imgur.com/YUul3nX
The above will probably make some laugh at the amount of money deposited, but I felt like I needed to start somewhere! I don't plan on depositing large sums of money at the very beginning as I'm not sure what the outcome is going to be. I will start slow with tiny deposits and build from there. Please let me know your feedback! Oh, one more thing - last three accounts were only opened today and the funds haven't been allocated yet hence there is no movement on these.
I've read quite extensively on the subject in the past weeks, and I do realise that there is A LOT to learn and I'm gutted I haven't put any effort into educating myself earlier. I'm probably going to make more mistakes than good decisions, hence I joined this forum to get your expert advice.
From the snapshot above, can you share your opinion on the PAMM accounts and your personal experience as well as any tips you might have - I will appreciate every comment!
My basic plan is to diversify my deposits through several brokers and different vehicles, and top the best performers up every month with more funds. I've been looking into ISA saving accounts in the UK, but the rates keep falling by day and the best return oscillates in the region of 1.25% annually which is quite horrific. The second option would be to go ahead with British challenging banks as they offer about 3.5% per year, but that isn't the best return either.
Ideally, I'd like to invest to get returns of 10-30% per year. If you can share your advice and perhaps point me in the right direction, that'd be great.
I will be updating this post every Friday to share the progress of my, let's be honest, first baby steps in the financial world.
Thanks!
New to the forum here, so hello!
I'm 31 and I live in London, UK. I feel like I've left my financial education and goals way behind my other areas of expertise, and it's time to get the ropes of how to make good investments to secure a decent future.
This is my first ever financial portfolio that generates some income already:
imgur.com/YUul3nX
The above will probably make some laugh at the amount of money deposited, but I felt like I needed to start somewhere! I don't plan on depositing large sums of money at the very beginning as I'm not sure what the outcome is going to be. I will start slow with tiny deposits and build from there. Please let me know your feedback! Oh, one more thing - last three accounts were only opened today and the funds haven't been allocated yet hence there is no movement on these.
I've read quite extensively on the subject in the past weeks, and I do realise that there is A LOT to learn and I'm gutted I haven't put any effort into educating myself earlier. I'm probably going to make more mistakes than good decisions, hence I joined this forum to get your expert advice.
From the snapshot above, can you share your opinion on the PAMM accounts and your personal experience as well as any tips you might have - I will appreciate every comment!
My basic plan is to diversify my deposits through several brokers and different vehicles, and top the best performers up every month with more funds. I've been looking into ISA saving accounts in the UK, but the rates keep falling by day and the best return oscillates in the region of 1.25% annually which is quite horrific. The second option would be to go ahead with British challenging banks as they offer about 3.5% per year, but that isn't the best return either.
Ideally, I'd like to invest to get returns of 10-30% per year. If you can share your advice and perhaps point me in the right direction, that'd be great.
I will be updating this post every Friday to share the progress of my, let's be honest, first baby steps in the financial world.
Thanks!
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