I want to Invest £15,000 point me in right direction..

fleetingglimpse

I have just recieved £15,000 and would like to invest it, Im not entirely sure which direction to go. Here is what i plan on doing..I would be grateful if you could advise on weather you think tis is a good plan.....

£3,600 Natwest ISA

£10,000 in a fixed savings for 1 year with Natwest or barclays.

I have chosen Natwest as they are my current bank. Not sure if i should move to another?

£1,400 buy some shares.. have no idea how to do this website address?? if i was going to buy shares i would buy from glaxosmithkline.

what do you think? Im utterly rubbish with money so im hoping you guys can help me out here.

Thanks in advance

Paul

kostigovs

I'm no expert in shares so will leave that to someone else, albeit GSK has gone up a fair wee bit recently. Quite an expensive share though.
Why don't you look at the link at the top of the page headed "banking/saving" and get a steer for the best interest rates covering one year fixed rates as well as cash isa's.

Remember the £50000 threshold for compensation if you are putting all of your cash in Natwest

ViolaLass

fleetingglimpse wrote: »

I have chosen Natwest as they are my current bank.

No, no, no, no, no. As kostigovs said, shop around, never go with someone just because they're 'your' bank. Not clear which Natwest ISA you mean but it appears the most you could get would be 2% and you could get 3%ish elsewhere so this is a classic example of why you MUST shop around.

Ditto for the fixed rate bond.

Re the shares - do you want to buy shares direct (riskiest) or do you want to invest in a managed fund or tracker (spreads risk)? Hargreaves Landown is a good place to find all the information on what's available and what it'll cost.