Been left £130,000 net after my mum died, what do i do?

EdInvestor

The financial services industry should be stopped IMHO from using the term "bond" except in its original sense as Cheerful cat describes.Bonds are not risk free - the yield (interest rate) on a bond fluctuates and so does its value.

The following are NOT proper bonds:

#Premium "bonds"
#Fixed interest deposit accounts known as savings "bonds"
#Investment "bonds" sold by insurance companies and usually invested in risky assets like shares and property ( and even some real "bonds")
#With-profits "bond" - a variety of investment "bond"
#Guaranteed equity "bond" - an interest-free savings account with an equity punt attached
#Precipice "bond" - a particularly dangerous type of investment "bond" now banned

What else have I missed?

No wonder everyone is confused. :mad: