What to do with 30000 no debt

Trifrega

I have 30000 and no debt at all (I've paid it all back). I have a car, just moved back in with my parents and started a PhD with a scholarship.

What can I do with this kind of money?

gozomark

are you prepared to risk losing some of your capital ?
are you likely to require access to it, or some of it, at short notice ?

Trifrega

I'm prepared to lose some of it. I wouldn't quite like to lose it all.

Not likely to need quick access. I've got no wife and kids, some good health insurance. My car is a pug 206 so repairs are cheap.

ses6jwg

Isa allowance first off it you havn't already done so, £3,600 into cash since you dont need it I'd lock it up for 2 years and get a nice rate, not 3 as I think rates will start to climb by then.

Another £3,600 into a S&S Isa, personally I would do some research and self-select from a supermarket like III. I've split my £3,600 3 ways between Bricks and Mortar Property, Financials and Derivitives.

Thats £7,200. £22,800 left.

I'd say £12,800 into another 1 or 2 year fixed rate account (non-ISA) paying around 4%. Leaving 10k.

5k into an "emergency" easy access savings account paying about 3.1%, then 5k? Personally I would invest that directly into the market but your call.

All IMO. Thats just what I would do.

You could also consider regular savers but I find them a hassle.

Trifrega

ses6jwg wrote: »

5k into an "emergency" easy access savings account paying about 3.1%, then 5k? Personally I would invest that directly into the market but your call.

Do you mean the stock market?

Lokolo

Trifrega wrote: »

Do you mean the stock market?

Yes he means stock market.

CLAPTON

If you are a funded Ph.D student then presumably you have sufficent to live on.

You don't say your age but one presumes you are at least 22

so its seems not unreasonable that you may want to move out of the family home at any time.

so keep the 30k in ordinary saving is the wisest thing to do (i.e. avoid the stock market and any thing that ties up the money for a long time.

if however you like a gamble then maybe invest some in the stock market ..but treat it as a gamble