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