10k lump sum to (safely) invest - Where??
10k lump sum to (safely) invest - Where??
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Discussion

Zp

Original Poster:

15,436 posts

205 months

Tuesday 9th August 2011
quotequote all
As title - we have £10k lump to invest and at the moment it's just sitting in some Lloyds account.

I don't want any chance of losing it so where do I put it?
I haven't used up this years ISA allowance and the best I can find is with Northern Rock at about 3%. (I know I can't put it all in there)
Is NR a fairly safe bet?

We're already overpaying the mortgage by, I think, the maximum we're allowed.

Buy gold?

Any other (sensible) ideas?

bogie

16,796 posts

288 months

Tuesday 9th August 2011
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national savings is as safe as it gets I guess ...everything else has more risk, including gold

Tiggsy

10,261 posts

268 months

Wednesday 10th August 2011
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You dont want to invest - you want to save. Banks and NS...boring but for 10k it's safe.

CraigVmax

12,248 posts

298 months

Wednesday 10th August 2011
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solar panels through the government fit scheme, great return if you're staying put

walm

10,632 posts

218 months

Wednesday 10th August 2011
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Double check the mortgage.
Pay it off.
Unless you are on a 2% tracker or something really low.
Anything above c.3% beats the ISA.

Otherwise put it in a reputable cash ISA.

NS&I third option.

Zp

Original Poster:

15,436 posts

205 months

Wednesday 10th August 2011
quotequote all
I guess with inflation running at 5%+, I'd get a better return in NS&I as a 3% ISA would be actually losing me 2%?

I'd also thought about solar panels - I have a 2 acre un-shaded field but I understand the government have recently cut the subsidy and returns that one could claim.
That, and whether I'd get/need planning permission (green belt) or would I need to live to be 100 to get any worthwhile gains.

Timmy35

13,014 posts

214 months

Friday 12th August 2011
quotequote all
Zp said:
I guess with inflation running at 5%+, I'd get a better return in NS&I as a 3% ISA would be actually losing me 2%?

I'd also thought about solar panels - I have a 2 acre un-shaded field but I understand the government have recently cut the subsidy and returns that one could claim.
That, and whether I'd get/need planning permission (green belt) or would I need to live to be 100 to get any worthwhile gains.
NS&I end of debate. If your a higher rate tax payer at present you'd need to get a 9%+ yield just to equal the NS&I 5.5% tax free ( with inflation running at 5% ), and whilst nothing is ever 100% safe, NS&I are about as close as you are going to get to being certain that you'll get your capital back.

nomisesor

983 posts

203 months

Wednesday 24th August 2011
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http://www.telegraph.co.uk/finance/personalfinance...

As others above(and as I've been on about for years) NS&I for what you're after. Interesting that the article last Saturday (link) compares NS&I indexed with alternatives.