Money Makeover needed

mda99das

I have 45k in savings,

I am in the process of selling my HSBC ISAs which even though they provided some growth didnt do as well as some other companies. These ISAs were invested in UK and Europe Growth funds.

I am looking to tie my money away for about 3 years.
I was initially looking at property, but house prices are too high, and this would only be in the short term. Plus I am still at uni.

I have therefore turned to Investment funds.

Anyone got any ideas?
I would class myself as a medium risk taker.


thanks

carnet

mda99das wrote:

I have therefore turned to Investment funds.
Anyone got any ideas?

Yes, plenty .

Unfortunately, FSA rules prevent the sharing of specific investment advice here.

EdInvestor

mda99das wrote:

I have 45k in savings,

I am in the process of selling my HSBC ISAs which even though they provided some growth didnt do as well as some other companies. These ISAs were invested in UK and Europe Growth funds.

This isn't surprising.Growth funds tend to do well in booming markets.Equity income funds are better in less vibrant conditions.

Commercial property funds may also be worth a look.

IMHO young people should look at buying individual shares on a long term basis especially if they have a big chunk of money to invest.

al_yrpal

Don't sell your ISA's until you have decided what to do with the money. You can transfer into other ISA funds and Investment Trusts in equities, bonds, property etc. ISA's still have the ability to avoid Capital Gains Tax.
Have a look at the best performing Funds and Trusts here https://www.trustnet.co.uk.