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Save, invest or buy?
Carson10
Posts: 4 Newbie
We are on track to make £150K+ from our house sale and are looking to relocate within the next 12 months. We are fairly flexible as we don't have kids and don't mind renting for a period of time.
The easy solution would be to buy another property, but I do think that housing is over-valued at present and wonder if this would be the best home for our money? The alternative would be to split the money between savings and longer term investments, but I am unsure of tax implications (obviously our ISA wrappers will only cover a small part of the sum).
It would be interesting to see if anyone has any ideas or has been in a similar position?
The easy solution would be to buy another property, but I do think that housing is over-valued at present and wonder if this would be the best home for our money? The alternative would be to split the money between savings and longer term investments, but I am unsure of tax implications (obviously our ISA wrappers will only cover a small part of the sum).
It would be interesting to see if anyone has any ideas or has been in a similar position?
0
Comments
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I think this comes down to what you think the housing market will do. Have a look around, you'll find loads of threads about house prices. Usually these threads go on for several pages debating the ins and outs.
Personally, a cash buffer of savings is not a bad idea.0 -
If you are looking at 12 months then your only sane option is a bank or building society.
Investments (equities or property) would be very high risk for such a short period.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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