Best place for £40K

gadgetmind

Daniel_Elkington wrote: »

You guys have all assumed that the investment term is definitely one year.

The OP said "I don't really need access to it for a yr".

Indeed the op is ambiguous to this, they may need access over the next year

Not based on what the OP said.

there are suggestions of accounts that lock in money for at least a year, which is clearly inappropriate.

Again, not based on what the OP said.


, but don't want to lock it away for longer just in case.

The op does not talk about ATR, however I do now notice their reference to paying off the mortgage would suggest a low to medium ATR. They could consider a structured deposit which may fit the bill if this isn't the case.

You wrongly inferred that I meant to chuck it all on the markets.

I'd quote what you actually said, but you've deleted it.

Apologies for any insult caused but judging a persons professional standards based on a few lines of text is not very fair.

We didn't have anything else to go on, and boy were those few lines some doozies!

jem16

gadgetmind wrote: »

I'd quote what you actually said, but you've deleted it.

What I find even more odd is that earlier today the full text of Daniel's original post was still there quoted by another poster. That has now been deleted along with opinions4u's post that suggested he should be struck off.

Now either those two posters have deleted their own posts or someone has complained and had them deleted. Wonder which?

gadgetmind

Daniel_Elkington wrote: »

You guys have all assumed that the investment term is definitely one year.

The OP said "I don't really need access to it for a yr".

Indeed the op is ambiguous to this, they may need access over the next year

Not based on what the OP said.

there are suggestions of accounts that lock in money for at least a year, which is clearly inappropriate.

Again, not based on what the OP said.


, but don't want to lock it away for longer just in case.

The op does not talk about ATR, however I do now notice their reference to paying off the mortgage would suggest a low to medium ATR. They could consider a structured deposit which may fit the bill if this isn't the case.

You wrongly inferred that I meant to chuck it all on the markets.

I'd quote what you actually said, but you've deleted it.

Apologies for any insult caused but judging a persons professional standards based on a few lines of text is not very fair.

We didn't have anything else to go on, and boy were those few lines some doozies!

Daniel_Elkington

Ok can we leave this now, if the op is still around then us !!!!!ing at each other isn't helping.

If they are, how much could you afford to lose over the next year?

What investment experience do you have?

innovate

Daniel_Elkington wrote: »

Ok can we leave this now, if the op is still around then us !!!!!ing at each other isn't helping.

If they are, how much could you afford to lose over the next year?

What investment experience do you have?

What a great idea, why don't you just leave this now, especially in the light of your latest questions to the OP

The OP made it quite clear that they "don't want to lock it away for longer [than 1 year] just in case". They received perfectly good suggestions about various savings accounts. You deleted your original, dubious, investment suggestions after people pulled you up over them.

Why then are you now still going on about investments in this case? Do you want to make doubly sure we know that you are an IFA who is after nothing but their own interest and tempt people into wholly inappropriate investments? Do you not value your FSA registration?

opinions4u

jem16 wrote: »

What I find even more odd is that earlier today the full text of Daniel's original post was still there quoted by another poster. That has now been deleted along with opinions4u's post that suggested he should be struck off.

Now either those two posters have deleted their own posts or someone has complained and had them deleted. Wonder which?

I removed my post. It didn't fit with amends made by others.

atush

Not gonna get involved in any fight as I didn't see the objecionable post/

Hi
I have £40K that i need to do something with.
I already have done my ISA alllowance for the year so that one is out.

I don't really need access to it for a yr, but don't want to lock it away for longer just in case.

Personally I want to knwo why you don't want to invest some of this for the longer term. Do you hve a pension? Do you fill just your cash ISAs or do you do a S&S isa too? Do you have any equity investments?

You need to realise there are Risks with cash invesmtents too, from shortfall risk, ot inflation risk. So you do need to invest in equitites somewhere along the way, unless you dont care that your cash invesmenst are shornking in real tersm over time.

Daniel_Elkington

Atush basically said what I wanted to, but in a much nicer manner.

Innovate, you don't have to lock it away. I infer the words lock it away to mean those 5 year bond thingies that my dad really likes where he gets massive penalties if he needs it early.

Everything is an investment, your house, your bike, your money in the bank, stuff you buy off ebay, everything that money is spent on is an investment.

If your investment experience is simply 'I've had an endowment, a mortgage, an old company pension and stuff at the bank' which summarises most people's experience, then dipping your toe into the world of Rathbone et al is clearly inappropriate for those without help.

I would suggest that writing off the possibility of long-term investment is as inappropriate as my initial suggestion.