10k investment-ISA?
10k investment-ISA?
Author
Discussion

stoop44rio

Original Poster:

111 posts

217 months

Friday 25th March 2022
quotequote all
So I’ve got 10k sitting in bank account doing nothing. Looking to invest into something with a better return that’s fairly risk free so not into crypto etc so was thinking ISAs but I know nothing about them. When I researched a little the info/choice is a little overwhelming.
So in a nutshell could anyone recommend a reputable company or ISA that could possibly suit.
Can leave this money say 3 years to see how it goes.

trickywoo

14,138 posts

259 months

Saturday 26th March 2022
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You need to decide what level of risk you are happy with as ‘fairly risk free’ probably means 1% interest.

If you want to aim for 8% you shouldn’t be in a panic over being down say 15%.

Three years isn’t really long enough to be in stocks and shares the way the world is and expect to be up a reasonable amount.

Having said that Vanguard products are popular on here and they have options in their life strategy range from 100% shares down depending on your attitude to risk.

bitchstewie

67,382 posts

239 months

Saturday 26th March 2022
quotequote all
I think if you said to an advisor "3 years" very few (any?) would recommend a S&S ISA.