Money to Invest

JonC

Greetings

Apologies if this post is open ended but I thought I pose the question.

Currently I have about 36k in a Barclays low interest savings account and that's it, which I am looking to invest, on top of this I have just started renting out my residential property so my disposable income each month is about £1k to £1.5k, currently paying into an employers pension and I also have an AVC.

So on the advice of a friend of mine (IFA) I'm looking at several options which involve setting up a mixture of cash-isa's, e-ISA's, a fixed-rate Bond for 1 or 2 years, several savings accounts and some premium bonds.

I'm not looking to use any of the savings in the next 12 - 24 months so any advice on medium term investments would be greatly appreciated.

My main goals are to ensure that any tax I accrue on the rental income is covered and then to make the most out of my savings.

So, taking into account the current climate if it was your money what would you do?, personally I'm all for going down my local casino and playing blackjack, however I don't think that's wise based on my current profit/loss margins at casino's around the globe (especially Amsterdam 2003 & Stockholm 2004).

As I said I already have a strong image in my mind as to what I will end up going for based on the advice of my buddy.

thanks for your time

Regards Jon

wes88

Wrong forum I think mate.

this is the "disownerable MSE advice" section .. you dont want advice from here as many of us have learned.

Try CBBC .. Martin has moved there now from Channel 4 to give appropriate advice (that is true .. not a joke btw).

JonC

think I'll stick to my old fella's advice then, stick it in a biscuit tin (having ate said biscuits first)

Cant stand CBBC, much prefer CITV, it's that Gopher, does my head in.

wes88

lol .. serioulsy .. there must be great sites out there

just this is really more for debt management .. and does it ok taking advice from posters/other sites ..

.. but serious money ... not here i am afraid (for your own good)

if it goes wrong .... you will not only get no help .. only denials that what you read ever was written

good luck tho

chopperharris

cash isa 3.6 k
pb max , in this climate for how long you want it to not worry about large depreciation in anything else.

or the lot in a two year govt bond if you dont want sleepless nights

might as well flutter with with 3.5k in this years shares isa in rbs and hold it for a couple of years , it will cost 100 for holding and trade.

Thats almost exactly what i have done , so if im wrong at least i will not be alone.Depression and heart failure likes a crowd.

If i had enough for top tier aussie govt bonds i would have taken that at 7.5 percent.

JonC

thanks,

I wasn't after any rock solid advice, just an appreciation what others would do in the same scenario,

cheers at the same.

Jon

Aegis

In my own situation if I was looking to save that much, I'd probably be looking to maximise my ISA each year, utilise some of the good fixed rate regular savers, and drip feed into some collective investments.

As it happens, I'm doing two of the three of those already even without that level of spare cash!

I should also note that I have no goals for my investment cash any time in the next few years.

Lokolo

JonC wrote: »

I'm not looking to use any of the savings in the next 12 - 24 months so any advice on medium term investments would be greatly appreciated.

2 years is no way long enough for investments. Especially in this climate.

However from the advice given to you, you aren't investing, you are saving.... But the suggestions are good. Spreading around a bit.

There are best buy articles on moneysupermarket which have upto informaion on them, so which are the best savings accounts at the moment etc.

However, obviously ISAs are first things first.

Premium Bonds aren't any good though so I would take these out and put money elsewhere.

dunstonh

I'm not looking to use any of the savings in the next 12 - 24 months so any advice on medium term investments would be greatly appreciated.

lol. medium term Medium term is 5-10 years.