£100k saved. Want to invest for about 12 mnths.

Bonam25
Bonam25 Posts: 13 Forumite
in Savings & investments
Hi,

I've got £100k saved and want to tie it up for about a year. I'm also a non-UK resident. What are my best options?

I'm willing to accept some risk, but don't have any knowledge of the stock market.

Any advice would be gratefully received.

A

Comments

  • JohnRo
    JohnRo Posts: 2,887 Forumite
    First Anniversary Combo Breaker First Post
    From what little I know, investing for 1 year in anything related to equity values without a capital guarantee is a huge risk. Investing for longer is as well but at least there is time for a recovery if 2012 proves to be a particularly bad year for equity or real estate values.

    There is still a looming Greek debt default, wider Euro zone debt crisis and a US election later this year with all their rapidly growing debt concerns. Amid global economic slow down and general financial uncertainty you'd be very brave to take a punt on equities doing well for one year with anything but a small fraction of that.

    High interest savings are your best bet imho.
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
  • Annisele
    Annisele Posts: 4,827 Forumite
    First Anniversary First Post Name Dropper Combo Breaker
    I'd agree; 12 months is a very short time period. Unless you're willing to take a very high risk, I think you should consider saving rather than investing.

    Will you definitely want your money in sterling after the year? If not, you might want to consider hedging the currency risk.
  • redmalc
    redmalc Posts: 1,433 Forumite
    Combo Breaker First Post First Anniversary
    AA savings 3.6% 1 year fixed,very easy to set up
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    redmalc wrote: »
    AA savings 3.6% 1 year fixed,very easy to set up
    Condition 3.1 says "You must be resident in the United Kingdom to open an account."

    The OP isn't.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Name Dropper First Anniversary First Post I've helped Parliament
    whats the plan for the money in a years time.

    That may infulence the suitable choices.
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