Savings advice

[Grahamm]

The dealing charges for the shares I've bought came to £39, plus £28 stamp duty. So about 1.2% costs so far. Thats all the charges I'll pay until I sell the shares.  The Stocks and Shares ISAs have yearly management charges, typically 1.5%?

As mine is a simple tracker fund, it only charges 1%. What I do is wait until the index takes a dive, then chuck a grand in from the Cash ISA.

The best one was when the market dropped below 3,500 a few years ago, that money has now gone up around 80%!

Next tax year I might do a Stocks and Shares ISA. I'm thinking a fund based around investing in property might be a good idea as the housing market recovers.

Or until the ridiculously over-inflated property bubble bursts.

NB The Bank of England is (at last) ending the Funding for Lending scheme which has been pumping money into the housing market and keeping savings rates low (because the banks haven't had to offer competitive interest rates on savings as the government is filling their coffers). So I wouldn't be suprised to see house prices (especially those in London) finally dropping to a realistic level.