Help for a total noob!

Vanhalla

SO i would like to start investing for the future when i retire in 30 or so years but havnt a clue about these investments or pensions.
Are the rabodirect investment funds any good? i would only be putting away 100 a month. I should be looking at a fund which has a moderate risk is that right?
I did try to buy into a fund on rabo just now but when i picked the fund, one of the things i had to fill in was the precentage? whats that about?

But is there anywhere better to be investing that amount montly?
thanks

OfflerCrocGod

You may find that such small amounts don't make it worthwhile investing. Putting the money in high yielding savings accounts and keep moving it to the current highest yielding account may be the best approach.

This is especially true if like you stated you don't really know anything about investing.

Mr_Roger_Bongos

It's always better to fully understand what your investing your money into.

You should try and give yourself a basic education on the products involved, try ininvestopdia.com or maybe check out some beginners books.

Rabo offer 'Mutual Funds', which will normally track market conditions quite closely. In a boom, this is a good, performance will be lower/perhaps negative in a recession.

Mort5000

Make sure you're getting the most benefit from a pension fund.
Read here

Then consider diversifying your investments to give yourself the best safety and spread.
Diversify across sectors and across investment vehicles.

When you're young, you can take high risk products, as they'll have a long period to recover from some disaster before you retire.
As you start getting older you should be moving across to safer investments to ensure the retirement.

It is probably best to find a financial advisor, through family or friends, who you can trust (and isn't tied to one company).

As Offler says, small amounts won't be worthwhile as you'd be paying such a high ratio for the fees.

HTH

comeback_kid

Vanhalla wrote: »

SO i would like to start investing for the future when i retire in 30 or so years but havnt a clue about these investments or pensions.
Are the rabodirect investment funds any good? i would only be putting away 100 a month. I should be looking at a fund which has a moderate risk is that right?
I did try to buy into a fund on rabo just now but when i picked the fund, one of the things i had to fill in was the precentage? whats that about?

But is there anywhere better to be investing that amount montly?
thanks

managed funds tend to have hefty fees and they are often not that well displayed , those funds which rabbo broker are your usual , blackrock , fidelity and henderson funds, they have a 3% anual charge and rabbo itself charges 1.5% as an entry and exit charge , if your set on managed funds , id talk to a broker about setting up a proper pension , personally im extremly suspicious of managed funds , most of them never earn anything as they are swallowed up with various fees , if it was me , id buy direct shares