4K to invest

slipthru

I have 4k left to invest, could anyone advise me of the best way to procced?

Would you recomend a savings account or maybe something with a little risk? I have already maxed out my ISA for this year.

Thanks for the advice.

Bogof_Babe

It entirely depends on your attitude to risk, and whether this is a long-term savings/investment plan. Do you envisage needing the money at some stage in the near(ish) future?

On a scale of 1-10, how do you feel about risk? Say 1 = buying 4,000 Lottery tickets for tomorrow night, and 10 = sticking it all in a 5-year fixed rate bond with a reliable well-known bank.

si1503

How willing are you to take risk? And how long do you plan on investing the money for?

si1503

Bogof_Babe wrote:

It entirely depends on your attitude to risk, and whether this is a long-term savings/investment plan.

Beat me to it!

slipthru

Ok i thought about it maybe i'll avoid the risk for now. I was thinking of putting it into a savings account for now and then adding another 3k to my ISA in april. Does this sound like the wisest investment?

Bogof_Babe

Well it's certainly what I'd do if it were me. Have you got a decent savings account already? If not there are many paying over 5.5% at the moment, so either search around yourself or pop back and ask for recommendations from people on this board.