Best way to invest 30k?
Discussion
So the good woman has received an inheritance from the passing of her gran, she has cleared down all her debts aside from our mortgage which it won't touch. She has no cash savings at all currently...
I am thinking if it was me I would invest the maximum up to the limit in stocks and shares ISA's. But never having been in that position either, I would be unsure what to do with the remainder....
If it helps she has what i would describe as a medium attitude to risk, and wants to use some of the monthly savings she's made in clearing debt to top up whatever savings vehicles she uses.
Just putting it out there for any ideas really
I am thinking if it was me I would invest the maximum up to the limit in stocks and shares ISA's. But never having been in that position either, I would be unsure what to do with the remainder....
If it helps she has what i would describe as a medium attitude to risk, and wants to use some of the monthly savings she's made in clearing debt to top up whatever savings vehicles she uses.
Just putting it out there for any ideas really
Put £15k into this years stocks and share ISA using fundsnetwork - which fund? - there are many websites that rate the performance of funds, try Close Brothers who will score them for recommendations. Note the ISA allowance goes up to £15k in July.
Put the rest into a Santander 123 account (3%) until next year and then do the same again.
If more risk adverse go to Martin Lewis' web site and find the best cash ISA - the best tend to be fixed term - or do a mix of both...
Put the rest into a Santander 123 account (3%) until next year and then do the same again.
If more risk adverse go to Martin Lewis' web site and find the best cash ISA - the best tend to be fixed term - or do a mix of both...
Even if your mortgage is £300k, which I assume it isn't, you'd still clear 10% of it by putting £30k into your house.
I'd do that, or use it for a worthwhile home improvement if necessary - kitchen/bathroom, etc.
Take a couple of £k out for a holiday or something aswell - one has to treat oneself.
I'd do that, or use it for a worthwhile home improvement if necessary - kitchen/bathroom, etc.
Take a couple of £k out for a holiday or something aswell - one has to treat oneself.
MYOB said:
Best investment? Clear £30k of your mortgage.
Not if you're currently paying less than 2.4% (20% tax payer) or 1.8% (40% tax payer) on your mortgage as many are... better off in the Santander account where the interest it earns will be more than the mortgage payment saved by knocking £30k off the mortgage...interesting debate. i would have through the sensible thing to do is use a savings vehicle so she has an emergency fund available which is earning interest. I totally get the point about the maximum saving being to throw it all at the mortgage, but that doesn't pay the bills if your made redundant or what not....
maybe 15k off the mortgage, 15k in an accessible fund is a happy medium....
cheers for the input, its always interesting to hear points of view. i guess i opened the topic with the wrong title "investing" isn't really what its about. i guess its more about making best use of it....
maybe 15k off the mortgage, 15k in an accessible fund is a happy medium....
cheers for the input, its always interesting to hear points of view. i guess i opened the topic with the wrong title "investing" isn't really what its about. i guess its more about making best use of it....
98elise said:
DoubleSix said:
As a stockbroker myself I am more than happy to take on accounts anywhere from an annual ISA allowance to a family trust valued in the millions and have done so for over a decade.
As a matter of interest what are the average annual returns? DoubleSix said:
98elise said:
DoubleSix said:
As a stockbroker myself I am more than happy to take on accounts anywhere from an annual ISA allowance to a family trust valued in the millions and have done so for over a decade.
As a matter of interest what are the average annual returns? 
I need to invest in something other than property, and I traded shares for many years. I seemed to make about 20% per year, then have a really s
t year which would wipe out the previous few years gains. My average would be less than 10%, which was too little for the risk involved.DoubleSix said:
98elise said:
DoubleSix said:
As a stockbroker myself I am more than happy to take on accounts anywhere from an annual ISA allowance to a family trust valued in the millions and have done so for over a decade.
As a matter of interest what are the average annual returns? buy a car
Come on man... This is PH!
Obviously, you need to buy an exotic classic that's going to appreciate.
In all seriousness though, unless you could do with the cash right now, and you're brave enough, I reckon the return could be surprising... As an extreme example; have a look how the prices of Miura's have gone in the last 20 years.
Obviously, you need to buy an exotic classic that's going to appreciate.
In all seriousness though, unless you could do with the cash right now, and you're brave enough, I reckon the return could be surprising... As an extreme example; have a look how the prices of Miura's have gone in the last 20 years.
98elise said:
Thats why I asked for an average
I need to invest in something other than property, and I traded shares for many years. I seemed to make about 20% per year, then have a really st year which would wipe out the previous few years gains. My average would be less than 10%, which was too little for the risk involved.
I need to invest in something other than property, and I traded shares for many years. I seemed to make about 20% per year, then have a really s
t year which would wipe out the previous few years gains. My average would be less than 10%, which was too little for the risk involved.In that scenario you need an indicator (or combination of) to aid in getting you out when the FTSE corrects, reducing exposure to the worst dips. Longer term trend following techniques can help with decisions around market timing.
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