Invest £1000 Long Term?

Bevster_2

Hi, i have an unexpected £1000 coming my way.

I am paying off a mortgage, have no pension but do have Cash Isa. I know i should put it straight on the mortgage however i would feel better if i had something on the go that may in 5 or 10 years time be a well needed bonus.

Is there any 5 or 10 year investments that are worh going for but would take as little as £1000 ?

All advice much appreciated.

si1503

i'd invest it in an equity fund via stocks and shares ISA, but thats just me

si1503

i'm no expert so probably best to wait for one of the more experienced guys to comment on that, all i know is i had £3k to invest long term earlier this month and from the research i did here and elsewhere it pointed to the stock market, all 3k went into managed funds with solid recent growth records

kenshaz

Pay it off your mortgage unless you go into high risk equities ,no -one will give you a better than you are paying in mortgage interest.Also no tax deduction.or put it into an ICICI account www.icicibank.co.uk 5.15%,no strings ,instant access,monthly interest,online banking

Jake'sGran

si1503 wrote:

i'd invest it in an equity fund via stocks and shares ISA, but thats just me

And if it does go into an equity fund I would put it in Equity Income with someone like Jupiter, Invesco Perpetual, or any of the others up there in thetop five over the past firve years. And, use a discount broker. Otherwise, for jut £1000 I think I'd put it into a high interest one year bond.

dunstonh

...or if you want a dabble, pick perhaps 2 funds with differing goals (£500 per fund allows you a small choice). Obviously your risk profile comes into play but if it is a 10 year investment that does give you a bit more scope.

EdInvestor

Find the best funds divided into categories and rated here:

https://www.citywire.co.uk/Funds/Home.aspx

dunstonh

The best funds are not necessarily the ones that have made the most. Within the sectors you will have funds with different goals and different levels of volatility. Often you will pick funds of lower volatility but never appear in the top 10 as they are more steady than spectacular. Relying on past performance in a given period is an unreliable way to invest. Look at the other data that is made available as well.

activetrader

StrategyMan2006 wrote:

Would this be advisable since US is raising interst rates almost all the time in response to inflation and slowing of the economy? Many analysts are predicting a recession in US in 2008 (just like 2001). This would indeed impact share prices in UK. To me, bonds look attractive..but I think equities have at least 2 yrs to go before any signs of recession....

what do you guys think

When people drown, they’re fine right up to the minute the water level reaches their lips. The same holds when countries get over their heads financially. As the probability that a country can pay its bills through standard means gets smaller and smaller, a seemingly small factor can flip the switch on the economic electric chair. When that happens, the transformation from economic health to economic death is swift and merciless.