£20,500 to invest

bundly

Sceptic001 wrote: »

Because it says it was last updated on 5th April 2010...

On the NS&I page it says this is the 48th issue though....

but thanks!

opinions4u

cashbackproblems wrote: »

HSBC Index tracker fund through HL. Can be opened within an ISA and has low charges

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/h/hsbc-european-index-accumulation

Does that meet the "how do I invest in a stocks and shares ISA without any risk" requirement?

cashbackproblems

opinions4u wrote: »

Does that meet the "how do I invest in a stocks and shares ISA without any risk" requirement?

How does one invest in a S+S without any risk?

You will find a tracker is the lowest risk and lowest charges compared to funds etc.

opinions4u

cashbackproblems wrote: »

How does one invest in a S+S without any risk?

As I posted earlier, you can't.

You will find a tracker is the lowest risk and lowest charges compared to funds etc.

Surely that depends on the index you're tracking and the fund you're comparing it to?

xrjtg

bundly wrote: »

And what about this thing?

http://www.nationwide.co.uk/investments/protected-equity-bonds/default.htm

I am happy with the six years, but is it good? Better than the certificates? Hmmm.. I suppose nothing is going to be better than the certificates, is it, because they are tax free!

For those who haven't followed the link, it's a Protected Equity Bond. bundly, these kinds of products are offered by banks (and building societies) to unsophisticated investors who can't see the extent of the hidden charges. There's no fundamental reason why these structured products have to be a bad deal, but that's how it turns out in practice: although if you did decide it was a route that you wanted to go down, better value versions are available through IFAs.

The reason that the index-linked certificates are so appealing is a combination of the tax-free status, the guarantee against inflation, and the flexible terms that allow people to exit the product at any time with only a very light penalty. NS&I offer other tax-free products, but as their rates are so low they still don't compete with accounts available elsewhere. Tax efficiency isn't everything.

jem16

cashbackproblems wrote: »

You will find a tracker is the lowest risk and lowest charges compared to funds etc

A tracker that follows the FTSE 100 is usually descibed as medium/high risk - certainly not low risk.

As to cost some trackers can be more expensive than managed funds - depends on where you get them from.

kidmugsy

Oh for heaven's sake. £15k to the ILSC, £5340 to the Coventry BS 5 year fixed rate ISA and the spare £160 to a stock of physical commodities - bog rolls, bin liners, kitchen foil, tinsabeanz, whatever. Just go and get on with it.

bundly

xrjtg wrote: »

NS&I offer other tax-free products, but as their rates are so low they still don't compete with accounts available elsewhere. Tax efficiency isn't everything.

THANK YOU xrjtg, for the useful info.

Do you have any suggestion as to a better place for me to invest this money?

bundly

kidmugsy wrote: »

Oh for heaven's sake. £15k to the ILSC, £5340 to the Coventry BS 5 year fixed rate ISA and the spare £160 to a stock of physical commodities - bog rolls, bin liners, kitchen foil, tinsabeanz, whatever. Just go and get on with it.

Wow someone got out of bed the wrong side this morning - and with a sore head, it seems! Hangover?

grumpycrab

If you don't like the lack of clarity and/or management of the (safe) 5 year certificates look at 5 year fixed rates http://www.moneysavingexpert.com/savings/savings-accounts-best-interest#fiveyr
eg. at 5.1% AER (4.08% Net) will increase £15160 to £18516