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INVEST £50k
bigboy221166
Posts: 7 Forumite
Hi
im looking to invest about 50k when the sale off my house goes through.
i can lock it away for approx 1 year and would like monthly returns for an income.
all suggestions would be greatly appreciated.
im looking to invest about 50k when the sale off my house goes through.
i can lock it away for approx 1 year and would like monthly returns for an income.
all suggestions would be greatly appreciated.
Treat everyday as your last one on earth! and one day you will be right.
0
Comments
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Best not to invest it unless you are high risk in nature. 1 year isn't long enough. Stick to savings accounts.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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so your best bet is going to between Alliance and Leicester online saver, ICICI and Coventry Building Society0
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You could invest in a hedge fund like HSBC Global Sterling Hedged (HSGS). 21% return on capital last year.. then again could go belly up.. but being HSBC the second biggest bank that is not likely... If you want to invest these are great investment vehicles but if you want a steady and sure (but small) return go for a 5% saver...
Deepest Debt - £13,000+
Debt Now - £00 -
Are you high-rate tax payer? If so, you might consider 30K in premium bonds and the remaining 20K in Cahoot saver at 5.15%. Forget 1 year bonds as the net return is not worth it, particularly if it is fixed and if IRs rise - you won't benefit.0
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