Short term investment options for a lump sum?

[goldar]

I've got 20k sitting around earning 2.5% AER. I will be looking at investing in property in the next 3 to 12 months, depending on market conditions. I'd like to make this earn more whilst I wait. What are my options?

[GT03ROB]

goldar said:

I've got 20k sitting around earning 2.5% AER. I will be looking at investing in property in the next 3 to 12 months, depending on market conditions. I'd like to make this earn more whilst I wait. What are my options?

On that timeframe, not a lot that would be worth the bother or additional risk

[bitchstewie]

Your options are savings products.

Absolutely not investments.

[LeoSayer]

Are you happy with the risk of making a loss?

If not then saving products are your only option.

[goldar]

I don't mind some risk. All I know is that 2.5% (or £40 a month) isn't the most efficient use of my money. I can make that in my sleep.

[greygoose]

goldar said:

I don't mind some risk. All I know is that 2.5% (or £40 a month) isn't the most efficient use of my money. I can make that in my sleep.

Why do you need advice from internet weirdos then?

[goldar]

greygoose said:

goldar said:

I don't mind some risk. All I know is that 2.5% (or £40 a month) isn't the most efficient use of my money. I can make that in my sleep.

Why do you need advice from internet weirdos then?

Mind your own business.

[OldSkoolRS]

Just do a bit of wheeling and dealing as apparently you could make 10% easily on that £20k then.

[Jules Sunley]

3 to 12 months is cash deposits only. Only other option is Premium Bonds if nearer the 12 months (as you don't get entered in the draw for a clear month) with the risk being you get no return and the potential upside being more in wins than a deposit account would give you.

There are NO other sensible options. For equity or similar risk you need a 5 year timescale to make even slightly sensible. I'm am IFA by the way.

[goldar]

Sorry for being naive, what do you mean by 'cash deposits'? As in depositing cash for an annual percentage?

Edited by goldar on Tuesday 10th January 01:31

[goldar]

OldSkoolRS said:

Just do a bit of wheeling and dealing as apparently you could make 10% easily on that £20k then.

If you weren't the dullest tool in the box, you'd be able to tell me why I'm not doing that. Apparently.

[Jules Sunley]

goldar said:

Sorry for being naive, what do you mean by 'cash deposits'? As in depositing cash for an annual percentage?

Edited by goldar on Tuesday 10th January 01:31

Bank and building society accounts, yes.

[superpp]

a Chip account will increase the savings interest to 3%, every little helps.

[Seventyseven7]

20k isn’t a lot of money. Be happy with your guaranteed 2.5%.

[lost in espace]

superpp said:

a Chip account will increase the savings interest to 3%, every little helps.

Thanks for this.

[goldar]

Seventyseven7 said:

20k isn’t a lot of money. Be happy with your guaranteed 2.5%.

Correct. I'll leave it there for now as it's easily accessible.

[lizardbrain]

Where do you live? You could bottle up some tap water and rebrand as “Peckham spring water” or similar.