Best Low Risk Investment, Please Help

steadysaver

Hi,

This is my first post and i hope some of you could help. I have just over £40,000 to invest, but i dont have a clue where i should be looking to invest. Originally it was in Premium bonds, but after a lousy return and reading this site, the money is going to be withdrawn. Some of the cash will be used to fill up the current years and next years ISA allowences. However i am stuck as to what to invest in with the remaining.

I have looked at high interest savings and bond and i am not really prepared to place all the money into a high risk scheme, (maybe a small percentage) as it will be important for the future and dont want to lose my investment. Can anybody help or suggest some ideas?

Thank you

anniecave

have you look at high interest variable rate savings?
have you looked at fixed rate savings (or bonds)?
If you want to risk a bit of your money and hopefully get a good return, you could look at a maxi ISA?

anniecave

there are also some good regular savers that some moneysavers feed from existing high interest savings accounts, via their current accounts each month

abbey/halifax/yorkshire building society

does your current account provider offer anything like this also? Some do.

Jake'sGran

You are right to use up your ISA allowances for this and next year. After that it depends on your attitude to risk. With the money I have saved I have some in bonds, some in high interest accounts and some in equities. If you can bring yourself to do some research you will find funds that have a good record. My savings would not have gained so much without the stockmarket investments. I was a complete novice when I bought Fidelity Spec Sits in the 80s and now it is a famous fund (although has not done as well lately) but you have to invest for the long term. Another excellent one is Invesco Perpetual High Income. I'm also pleased with Fidelity European, Jupiter Income and Artemis UK smaller companies which, every time I look at my portfolio list, is shown on the graph as climbing well above the others. Some investors follow the best fund managers. Advisers always say that you should have a spread of funds. I always read articles in the money pages of the better newspapers. You can pick up some good tips. Many years ago a stockbroker advised me to buy two shares based on their excellent yield. One was Tomkins and the other Caradon. I didn't buy them but out of curiosity have tried to follow them. Tomkins is still a good buy for people investing purely for yield i.e. as income. I can't find Caradon so maybe it was bought out or went bust. So, spread it around but don't ignore equities and use a discount broker to buy funds.

tom188

Caradon became Novar which was bought out by Honeywell last year.