Discussion
If it were me I'd max out this year's S&S ISA, put it into a decent US tech heavy fund (aren't they all? 
) and see what happens.
In my specific case, I have some in the ISA already, so I'd be tempted to pop what's leftover from maxing it in to cash savings with the intention of spending it on something pleasing.
) and see what happens.In my specific case, I have some in the ISA already, so I'd be tempted to pop what's leftover from maxing it in to cash savings with the intention of spending it on something pleasing.
How much experience have you got with investments?
2-3 years is not a long enough horizon for stocks and shares.
I know you said you're willing to lose, but- really?
If you still want at least £20k to be there when you want it in 2-3 years you're going to need to avoid potentially lossmaking investments. That includes stocks & shares and gold.
Gamble is just stupid, and that includes crypto.
So it's a cash product.
And what are you going to spend it on in 2-3 years? If it's your first house, and your purchase is going to be within LISA constraints, you can turn your £20k into £23k plus interest by April 2028 with no risk.
2-3 years is not a long enough horizon for stocks and shares.
I know you said you're willing to lose, but- really?
If you still want at least £20k to be there when you want it in 2-3 years you're going to need to avoid potentially lossmaking investments. That includes stocks & shares and gold.
Gamble is just stupid, and that includes crypto.
So it's a cash product.
And what are you going to spend it on in 2-3 years? If it's your first house, and your purchase is going to be within LISA constraints, you can turn your £20k into £23k plus interest by April 2028 with no risk.
Edited by Hustle_ on Friday 12th September 10:07
"Can afford to lose" - yes, but how would you actually feel if you lost, say, 25% or 50%? More importantly, how would the family member who gave you the money feel (assuming they're still alive)?
Got any debts (e.g. a mortgage, or credit card balances that you're paying interest on)? If so, I'd pay them off first.
Got any debts (e.g. a mortgage, or credit card balances that you're paying interest on)? If so, I'd pay them off first.
durbster said:
For 2-3 years, with the very real prospect of either the AI or Tesla bubbles popping within that time period? 
guess you mean 'popping' as in bursting.....it'll defo be an interesting time (next 3-5 years), personally not sure that there'll be a 'bursting' of the so called bubble (in that period if at all ); Could be argued in both directions in that it's akin to 'dotcom' or perhaps argued that it's like saying there'd be no continued demand in the 1800's for steel/wood etc to build railways.argument being that 'proper AI' beyond chatgpt etc is a form of industrial revolution...the demand for energy, infrastructure and hardware to build out over next few years is something of the order of 3-5x current levels.
as for specifics such as tsla, if they deliver in the next cple of years i think the price will melt faces.....
Mirinjawbro said:
Good points
Can afford to lose
Ideally looking for best return in the next 2 to 3 years
Thanks
You say you’re completely new to investing in other posts. Can afford to lose
Ideally looking for best return in the next 2 to 3 years
Thanks
It would not be wise to invest any of this money until you have learned more. Your time horizon simply isn’t long with without taking major risks of losing significant chunks of money.
Your posts, especially the references to gambling (and to a slightly lesser extent, crypto), have red flags all over them.
Stick it in a cash ISA for now. Or if tax on interest is not a concern, just the best cash savings account you can find.
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