Savings & Investment

EJM_2

Dear All,

I am seeking some advice with regards to Savings and Investment as I have just lost my job as part of the credit crunch but have been give rather a large cash sum so I am seeking advice on what to do with it as (1) I now need and Income (2) Would like to see some Growth for a rainny day LOL! Also I have all ready used up my ISA Allowance for this year!

Look forward to hearing your thoughts.

Farway

Given the current turmoil in shares prices, and your unemployed sitution, IMO the only place you should have your dosh is in a savings account, forget the investing until you and the world settle down again

Unless of course the large cash sum is a million or so

RickyRah

It rather depends on how 'large' the cash sum is. I'd maybe suggest 75% in a savings account and have a little play with the rest, following a little research of course.

Sure the markets are volatile, but this leaves great potential for exploitation!