£70k to invest 29 April 2007 at 6:55PM in Savings & investments 21 replies 1.8K views

pernes

Hi looking to invest £70k. May need access so can't tie money up long term, any suggestions?
Thanks

dunstonh

about 10,000 suggestions available on that brief. You need to narrow it down more.

Likely timescale?
What would money be needed for and how likely is it going to be needed (and how much of it)?
risk profile?
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?

jamesd

How unpleasant would it be if it fell in value by 20% for one year before recovering and increasing by 9% a year for the next ten? What if the fall was 30% and the rise 15% a year?

nilrem_2

jamesd wrote: »

How unpleasant would it be if it fell in value by 20% for one year before recovering and increasing by 9% a year for the next ten? What if the fall was 30% and the rise 15% a year?

I am a bit confused at this answer TBH?

nilrem_2

pernes wrote: »

Hi looking to invest £70k. May need access so can't tie money up long term, any suggestions?
Thanks

As Dunstonh says you need to give a few more details really, for example when you say

can't tie money up long term

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?

jamesd

nilrem, investments can decrease in value but eventually tend to increase overall.

kenshaz

The IBEX35 has made large gains this year,but it would be considered high risk and if you require immediate access and low risk ,read Martin's article on savings accounts.
Savings & Investments
Savings Accounts: Earn high interest with the best buysSavings Accounts: Earn high interest with the best buys

dunstonh

not tying up the money but need access just in case doesnt necessarily rule out investments. Many modern investments are open ended and have no charge on withdrawals. It may be that the money is likely to be there for 5-10 years but want to be able to access it just in case.

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?"

kenshaz

1d5d3m6m1y2y5ymax IBEX 35

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.

dunstonh

You cannot make any suggestions at this point. We know nothing about the individual beyond one line in a post.

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.

kenshaz

dunstonh wrote: »

You cannot make any suggestions at this point. We know nothing about the individual beyond one line in a post.

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.