I have £15000 in a private wealth managment fund?

Question

I need to know what it is, and whether there are any other good ways to invest that amount of money.

With a private wealth fund, can they act as brokers for me and buy stock that I tell them to?

Do they ever make people fortunes? Is my money safe?

Answer 1

your money will be safe but it isn't the best way to make a fortune. You have to take risks in order to make fortunes. Look for Chinese markets or some rapidly economizing country's markets. I've heard of people 10X or sometimes 100X their investment money from investing on China.

Answer 2

I'd say be smart and invest the money wisely.

Split it:

60% put on high yielding savings account or ISA

20% share isa or normal shares

20% you could use for a shorter term investing like spread betting and cfds.

Make sure you find a cheap broker though. I got capital spreads. They quite good and cheap. Try http://www.independentinvestor.co.uk they compare lots of investment accouts.