| The drawback is that you will normally | | | | investment. It is a good investment strategy |
| require a bank account with the bank. Not all | | | | to combine your investment portfolio by |
| high street banks are sophisticated enough | | | | picking different industries and do sample |
| nor have the capacity to employ a stock | | | | investments by investing small and once you |
| broker so it might be wise that you need to | | | | are happy with which industry is ideal for |
| make some enquiries in your locality. | | | | you and you may then invest further. |
| | | | |
| Some banks only require you to pay a small | | | | You may decide to trade on commodities such |
| service charge. You will get a FSA (UK) | | | | as sugar, manufacturing products such as |
| authorized personnel as your personal fund | | | | steel or perhaps follow a long term |
| manager. He will invest on your behalf on the | | | | investment strategy to buying high value |
| level of risks you are happy to take. For | | | | shares into companies with multi-national |
| that added value service you only pay 3% for | | | | operations such as Shell Oils, Virgin Group, |
| each investment. The fund manager will take | | | | or Tata Group. Try to remember that penny |
| the level of risks that you are happy with | | | | shares are most volatile and most likely to |
| and with full consultation. Any input from | | | | lose you funds, however, it does provide 100 |
| you such as the type of industry you like him | | | | per cent or sometimes more return on your |
| to invest in or any recommendation from you | | | | investments. |
| will be incorporated fully in the investment | | | | |
| plan. | | | | When you decide to sell your shares you will |
| | | | not have to pay commission but again you need |
| It is fair to say that your money will grow | | | | to shop around with the high street banks. My |
| more steadily unlike a normal saving account. | | | | personal recommendation is try out seeking |
| Investing with your local bank stockbroker | | | | initial advice from HSBC Bank because not |
| can be seen as similar to depositing monies | | | | only they care about your money to grow they |
| over the counter but with the added security | | | | also have a system in place which adapts to |
| of knowing that your cash is with someone who | | | | your personal financial needs. You must make |
| you trust. | | | | sure you see the right person not the |
| | | | receptionist. |
| On the downside, expect to put your money | | | | |
| aside for a longer period of time as is will | | | | In the ever growing world of investment |
| prove to be a safer form of investment. You | | | | opportunities it is likely that your best |
| must talk about all investment options that | | | | financial aide is more closer than you |
| is available to you at your disposable with | | | | envisage, so don`t underestimate. Stay local |
| your stock broker in terms of risk management | | | | and prosper. |
| and how long you will be tied with the | | | | |