Energy Price Cap announcement: Watch Martin Lewis explain what it means for your electricity and gas bills this winter
£70k to invest
in Savings & investments
21 replies 1.8K views
Hi looking to invest £70k. May need access so can't tie money up long term, any suggestions?
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What would money be needed for and how likely is it going to be needed (and how much of it)?
where and how do you want it invested?
how old are you?
what is your tax position?
if over 65 (or coming up to), what is your income?
I am a bit confused at this answer TBH?
As Dunstonh says you need to give a few more details really, for example when you say do you mean for less than a year only that will rule out many Fixed rate saving accounts some of which pay the best rates ATM?
Savings & Investments
Savings Accounts: Earn high interest with the best buysSavings Accounts: Earn high interest with the best buys
Its that sort of clarification that is needed in addition to above.
james is looking to ascertain your risk by asking one question. Another way of putting it is "How much of a drop in value would you accept in any one year before getting cold feet and pulling out?"
Access is anytime,but of course we have the time to process and we have the risk factor.
I am just illustrating my experience and it has been excellent over the last twelve months,but that is no guarantee for the future.
It also dropped 40% in 12 months a few years back so that puts it in the medium/high risk category.
Agreed it is high risk and I did state that and possibly it has peaked ,but historically long term it is a good bet.Spain is a good place to invest ,not in property though ,but even that long term for some,no negative until you sell.