Buying Shares - first time, advice needed

[Lightwave]

If 100% risk adverse just buy premium bonds

You risk finding out you are not very lucky.....
I won £50 this month.

But yes, small prizes average better than most building soc accounts, and it saves on lottery tickets.
And it's tax free.
But you can only have £40k's worth.....

[SantaClaus]

What goes up slowly, usually comes crashing down very fast.

[SimonMac]

Not just steady growth, but also a dividend yield in many cases.
Some of mine are doing 3%, in an ISA, which beats the BuildSoc.

Wish I'd sold my Royal Mules at the peak though.....

I think mine are hitting 3.64% yield at the moment, although a large chuck of my portfolio is Lloyds which is a non dividend payer (hopefully only until the end of next week )

[PerfectStorm]

Have you asked your stockbroker?

[pjclarke]

January was a good month: Share portfolio up 6%, House Prices up 2% (Source: Halifax).

No advice, just wanted to gloat.

[tomtomagain]

My advice ( for what it's worth .... approximately zero )

Is.

Put the 10k into a dealing account ... there are loads. This article is good.

Set up a regular purchase to buy £833 of Vanguard Lifestrategy Described here and here Life Strategy PDF


Invest gradually over the year.

Then review in 12 months and see if you still want to be invested in bonds and shares.

Your aim is should not be to get rich quick. It should be to figure out what your tolerance to risk really is.

[EternalOptimist]

Back to the original question, I use HL, they are a little expensive but their service is one of the simplest around

That's what I wanted to hear.

My problem is that all the banks are full up to the 70k protection. my ISA is full and I need somewhere as close to rock solid as I can.
So I was looking at a share that paid 4%, that would therefor pay for itself in 25 years (if it bombed) and would probably not bomb , because its a strategic commodity.
One that's also under the cosh right now due to a rare glut

[chewbacca]

ALL the banks? It's 85k, by the way.

Are you buying oil/gas shares? Seems pretty *optimistic* to me.

[DimPrawn]

If 100% risk adverse just buy premium bonds

Effective interest rate close to zero and backed by the UK Treasury.

Hmmm.......

[DimPrawn]

Have you asked your stockbroker?

https://www.google.co.uk/search?q=wh...Aaap7Aaw84GICA