How best to invest £20K

veloo

have you considered putting your money into one of the social lending sites. you can definitely make 8%pa interest, compounded monthly! i have put in a few thousand pounds and i think they seem to be quite safe.

but now i am learning to trade shares in little amounts, and i can see slightly more profits. so i might gradually take my money out of the lending sites. the risk is not getting your money when you want it. timing is of essence in getting in/out! one thing i'll advise is never to put any money in mutual funds, which is what all the IFAs advise. they eat your capital, instead of taking their charges from any profits that they might(?) have made for you.