£6000 to invest.....

mr_lordi

what should i do with it???? Already max ed out my isa, could start another in my partners name.... any recomendations much appreciated, thanks

dunstonh

Once you have maxed out the £7200 ISA allowance for investments you typically move onto unit trusts or investment trusts (or whatever other investment type you prefer to invest in). Ideally, you can look to bed & ISA next year unless you are intending ot fill up next years allowance with new money.

sons_2

The real danger of putting it in your partners name is then it is legally theirs, so if you split up you lose it, what dunstonh has said makes a lot of sense. I would go and talk to an IFA if I were you.

jebervic

mr_lordi wrote: »

what should i do with it???? Already max ed out my isa, could start another in my partners name.... any recomendations much appreciated, thanks

yes, sign up for a self select shares ISA

www.selftrade.co.uk

equities are cheap at the moment and there is a potentially big profit to be made if you take a 3 -5 year view on your investment, to balance my view, shares are also very risky and it essential you do your homework and invest in companies who have a strong balance sheets and pay healthy dividends.

Currently Prudential are a fantastic buy