From: "Terry Harper" 
Newsgroups: uk.finance
Subject: =?Windows-1252?Q?Re:_Good_place_to_invest_~=A350_a_month_for_the_long_t?=
	=?Windows-1252?Q?erm=3F?=
Date: Tue, 4 Jan 2005 19:44:31 +0000 (UTC)
	charset="Windows-1252"

"Simon Finnigan"  wrote in message
news:33u0ucF41152dU1@individual.net...
> Has anyone got any particularly good ideas in a way to invest about £50 a
> month over the long term (up to roughly 40 years, certainly more than 5-10
> years anyway)?  Access to the money isn`t required, but a good chance of
> growth is preferable to the money being absolutely, 100% safe.

I would be inclined to look at a plan, using an ISA, to invest into an
Equity Income fund. Choose one with no initial charge, or else see if you
can do it through a discount broker.

The compounding effect of reinvestment of the income (done automatically in
accumulation units) begins to take effect after a few years, so that the
income is more than the annual subscriptions. I did something similar
starting in 1968, and lasting 29 years. I've never regretted it. Income
overtook subscriptions in 1981. By 1997, income was 6 times the
subscriptions.
-- 
Terry Harper
http://www.terry.harper.btinternet.co.uk/