investing
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For the first time in my life I find myself in the situation where I have a few k per month in disposable income.
I've never invested in products other than premium bonds and ISAs.
I know the basics like pay off high interest debts first, but i'm not able to pay off mortgage due to fixed rate / term etc for the next 7 years.
Are there any good forums or online resources to learn more about the ways to invest money ?
cheers
sean
I've never invested in products other than premium bonds and ISAs.
I know the basics like pay off high interest debts first, but i'm not able to pay off mortgage due to fixed rate / term etc for the next 7 years.
Are there any good forums or online resources to learn more about the ways to invest money ?
cheers
sean
Last edited by rb5_336; 07 May 2010 at 03:49 PM.
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TBH if you have a few £K every month spare, you might be better off just putting most of it in a saving account and wait another 7 years to pay your mortgage off. Or pay it off before and pay the redemption fee (probably less than the interest you'll be paying on your mortgage).
Inversting in stocks and share can have good results, but you can also lose everything you put in.
First priority should always be paying off the mortgage early. best thing I did.
Inversting in stocks and share can have good results, but you can also lose everything you put in.
First priority should always be paying off the mortgage early. best thing I did.
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From a member relatively active on the forum and been a around since 2002 ? You'd not make a very good detective would you? It's a genuine situation I can assure you.
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