What would you do with a £15,000 windfall? Buy a new car, book an expensive holiday or make some hom... More
The way in which financial advisers provide professional advice is set to change with effect from 31... More
This year’s Investment Life & Pensions Moneyfacts Awards, hosted by TV presenter Kate Silverton and ... More
The trial of a former UBS trader has heard how the Swiss bank previously warned the accused for exce... More
The chief executive of Royal Bank of Scotland (RBS), Stephen Hester, has hinted that the bank could ... More
How do peer-to-peer lending websites like Zopa and RateSetter compare to more traditional investment... More
As a nation we’re all coming round to the fact that we’re going to need to provide for our own retir... More
The concept of saving is supposed to go like this: you invest your money into an account, the provid... More
TQ Invest is a specialist
broker providing low cost investments (such as ISAs) to people who are
happy to make their own investment decisions and don’t want to pay for
the advice of a financial adviser.
This means that you must obtain full details of the products and look
at your own circumstances, objectives and attitude to risk before
To help, TQ Invest offers a variety of research tools to help you
understand the investments you are making, and has a UK call centre on
hand to help with any questions you may have.
Arrange a low-cost investment with TQ Invest - Call 0800 294 7203
ISAs - choose your own funds to invest in your ISA; choose from one of four "Six Of The Best" ready-made portfolios (see below); or choose from the "Hero Funds List" created to show some of the best funds on the market to make your search for the right fund easier.
Equity ISAs - The majority of equity ISAs use collective investment funds, such as Unit Trusts or Open Ended Investment Companies (OEICs), rather than shares in individual companies. An equity ISA (often referred to as a stocks and shares ISA) provides a tax-efficient way to invest in a wide range of assets, normally stock market related, with the potential for higher returns than cash.
Unit Trusts and OEICs - Providing access to over 1,000 funds from the UK's leading fund
managers, including the likes of INVESCO Perpetual, Henderson New Star,
Jupiter and Fidelity.
Six of the Best Portfolios - ready-made portfolios containing six funds. Each portfolio is designed to fit a general risk outlook of an investor, such as cautious or balanced. All you have to do is decide your attitude to risk and whether the portfolios and the funds within them are right for you.
Personal Pensions - Offer an easy way to build up your retirement savings.Stakeholder Pensions - Ideal if you want to keep your pension arrangements simple.
Before starting to compare
investments it’s worth having a long think about whether investing is
the right thing for you. Whilst investments can outperform deposit savings accounts for returns, they come with risks attached – risks that you should understand before proceeding.
Investing should always be
considered as a longer term undertaking – anything from 5 years
upwards. So the money you invest must be cash that you don’t need to
access for a fair while.
If you do need to get at
your money you could face hefty penalties. This means that cashing in an
investment in the early years could result in you coming out with
less money than you originally invested.
The other point to make is
that a longer term investment has more chance to grow because it can
even out short term fluctuations in investment performance. You would
also want to avoid cashing in an investment when the market has
fallen, as this could result in you making a loss.
When compared to a deposit savings account, the potential returns on an investment can be far higher.
But the flipside to the
potential reward is the risk of losing some of the money you initially
invested, if your investments don’t perform so well.
A savings account works in a different way…
When you put money in a deposit savings account the bank or building society invests or “lends” your money to other people who need to borrow. Part of the interest payments from the borrower are passed on to you, as interest on your savings. If the
people borrowing your money can’t afford to repay, the bank or building society absorbs the loss and doesn’t pass it on to you.
So the essential difference between a deposit savings account and an investment is this:
Under FSCS investment protection the compensation limit on investments is £50,000 which are categorised separately from any compensation that may apply in respect of deposits that a customer may hold.
"FSCS provides protection if an authorised investment firm is unable to pay claims against it. For example:
Arrange a low-cost investment with TQ Invest - Call 0800 294 7203 For independent investment advice call TQ Active Money - Call 0800 294 7203 Download free investment reports and guides Compare savings accounts