25k what's the best way to invest ?

Jdms

I just received a large cheque, the time I pay everything off and have a holiday, what's the best way to invest 25 to 30 k ?
I'm quite happy to lock it away for a couple of years.
Never had this kind of money before, so looking to get the best return. I'm 49 and hoping it could help in my later years.
Thanks.

Totton

Hi,
If you want the money in a couple of years then imho you should only consider Cash ISA's and Savings accounts, I wouldn't be getting into investments such as equities, funds etc unless you are happy to lose half of it in those couple of years.

If you don't need the money for 10 years then consider one of the Vanguard Life Strategy funds - https://personal.vanguard.com/us/funds/vanguard/LifeStrategyList until you are well informed about investing and only then should you consider making your own investment decisions. Perhaps consider a Vanguard fund and alongside run a mock portfolio using one of the free portfolio tools such as at Morningstar just to keep track of how good (or bad) an investor you may be.

HTH,
Mickey

guitarman001

If you click on the 'learn more' buttons for each of those Vanguard funds... am I right in saying that almost every one roughly gained only 7% after inflation since inception in 1994!?!? Surely you would have hoped for better?

atush

Do you have a pension? Is your job secure? Do you not have any other savings at abge 49?

If the answers to these are NO, I would put a min 50% into a pension, as you will be stopped from spending any of it at least for the next 6 years. Then I would keep 1000 in an easy acess acct, and fill your cash ISA and put the rest into a saving acct- the last 2 fixed for at least 1-2 years if not more.

I think it is great you have this money to pay off debt, have a littel fun, then change your life. As you don't want to be back in debt in a year-5 years time.

kylehp04

Personally I would spread it across a pension, cash ISA and S&S ISA but it depends on your circumstances really...