Where to put my rainy day fund.

[anonymous-user]

Hello everyone,

I am just looking for a bit of advice on this. I have my rainy day fund (or Covid fund) in a standard bank account that gets something stupid like 0.1 percent per year.

This is truly my rainy day fund and it only grows as money only really ever goes in. I’d like it to work a bit harder for me and it’s not money I am going to touch save for a dire emergency as I have a slush fund for unexpected expenses anyhow.

I was thinking a share portfolio but if the world takes a crap over “Covid the return”. I don’t want to go to withdraw it and find it’s halved in value. I realise “capital is at risk etc” but what are the options. Amount in question is circa 15k

[WonkeyDonkey]

Vanguard lifestrategy ISA seems to be working quite well for me.

[megaphone]

To get any sort of decent return you have to accept an element of risk. AS above look at the Vangaurd Life Strategy funds, you can choose the risk level, stick it in an ISA wrapper to save on any tax implications. Make sure you pay the charges via a bank account to avoid eating into you fund.

Another option in Premium Bonds, no risk and you never know...

[L1OFF]

WonkeyDonkey said:

Vanguard lifestrategy ISA seems to be working quite well for me.

13.92% since March for me.

[CzechItOut]

L1OFF said:

13.92% since March for me.

And how did it get on Jan - March?

[Hoofy]

CzechItOut said:

L1OFF said:

13.92% since March for me.

And how did it get on Jan - March?

[95JO]

Hoofy said:

CzechItOut said:

L1OFF said:

13.92% since March for me.

And how did it get on Jan - March?

What does it matter if you only invested from March - Like me

[CzechItOut]

95JO said:

What does it matter if you only invested from March - Like me

Touché

[bucksmanuk]

WonkeyDonkey said:

Vanguard lifestrategy ISA seems to be working quite well for me.

Thank you

[jgrewal]

Looking at the Vanguard ISA too - a good read is here:

https://moneytothemasses.com/saving-for-your-futur...

[Badda]

95JO said:

Hoofy said:

CzechItOut said:

L1OFF said:

13.92% since March for me.

And how did it get on Jan - March?

What does it matter if you only invested from March - Like me

Can the OP invest from March too? No, then of course prior performance matters rather than cherry picking dates to suit.