i want to invest £10000

sexylegs2008

hello,
i am 27 years old and it is the first time of my life that i have £10000 ot my name, i am not working, just have been modelling for a few years, getting old and no more work, i am wondering of what i could do with this money, to put it somewhere to raise it for me or for my futur kids, i dont know what would you suggest?
thank you very much:mad:

Lokolo

Investment - usually a longterm strategy to maybe gaining more money than savings accounts. Usually minimum of 5-10years. You can risk losing cpaital. i.e. you put £10,000 in, after 10 years you get £5,000.

Savings - No risk, but poorer return. At the moment around 4%.

Which one?

whu

Have a look at the articles about ISA's - you can invest a maximum of £3600 in a cash ISA and the same amount in a stocks and shares ISA or all of it in a stocks and shares ISA - the cash ISA will give you a fixed amount at the end of the fixed period (assuming you fix it) - the other type can go up or down so bear that in mind
You get the interest tax free
But bear in mind the points raised by Lokolo