How to Invest £28,000 wisely

DavidHayton

flyfto wrote: »

my shares mature on feb 2nd as it is an employee sharesave scheme ! i am able to sell then.

Ah! That makes sense. After what you have said before, I think that you should sell the shares when they mature and put the capital in a savings account. At the present time you will lose out to inflation (RPI is running at 4.8%) but your £28k capital will be secure.

Best wishes, david

xrjtg

Another reason to sell is that having shares in your employer concentrates your risk. If you wanted to sell at any point in the future because you lost your job and fell on hard times, then it's possible that the same events that led to your redundancy also hit the price of the Rolls Royce shares, so you'd be losing on two fronts at once.

opinions4u

xrjtg wrote: »

Another reason to sell is that having shares in your employer concentrates your risk. If you wanted to sell at any point in the future because you lost your job and fell on hard times, then it's possible that the same events that led to your redundancy also hit the price of the Rolls Royce shares, so you'd be losing on two fronts at once.

Let's just say I maximised my HBOS share options over a number of years. I didn't diversify or revert to cash prior to the value of the supoosedly blue chip stock crashing by 98%.

I won't recover the significant 5 figure sum I lost through my own laziness / blind faith in my company.

OP and others, please learn from my mistake.

King_Weasel

This isn't an all-or-nothing question. You might be prepared to risk some of your capital in the hope of beating inflation on some of the money you don't expect to call on in the next 5 years or more. If so, some form of fund might be suitable. But there's no rush - your immediate issue is where to maximise your interest in a savings account. This site should help.