Best place to invest some money?
Discussion
leemarkadams said:
Hello all, looking to invest about 10 or 15k into either a high rate savings account or some other RISK FREE account.
There's no such thing as a "high rate" savings account these days.Sad but true
Most rates just about keep up with inflation....(if you are lucky)
To get anything reasonably worthwhile you have to accept an element of risk.
Shares in Sports Direct have risen 86% this year, but three or four years ago they dropped like a lead weight.
Kenty said:
Shares in a strong low risk company such as Centrica or the National Grid.
For 15k you would get around 3600 shares making around £670 year with Centrica. Of course shares carry some risk but you also get the possibility of the shares rising to improve your original stake.
Theoretically not after Milliband's speech (sounding more like Pingu each conference) saying that Labour would "freeze" fuel bills. Interesting to see that the markets took no notice; Centrica moved down a mighty 0.08% today. For 15k you would get around 3600 shares making around £670 year with Centrica. Of course shares carry some risk but you also get the possibility of the shares rising to improve your original stake.
Seriously though, shares aren't "risk-free" but nothing gives risk-free returns above inflation at present except NS&I index-linked certificates which promise a mighty 0.05% tax-free above RPI. However they're only available for those rolling over current holdings, not new investors and redemption penalties are another reason that they wouldn't suit the OP.
Have you debt costing more than inflation which you could pay down penalty-free and re-draw if you needed to? An offset mortgage?
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