£70k to invest

pernes

o.k. guys more info ,timescale , tomorrow or two years down the line. money needed for , property or business,. invest anywhere with top interest ,. 47 years old. could do some money long term maybe !!! thanks guys

dunstonh

forget investments then. Timescale isnt long enough to justify investing unless you are high risk in nature. Stick with savings accounts.

Remember that you need to beat 4.8% net to beat inflation. Otherwise you are losing money in real terms.

DJM2007

If you haven't considered it, property. I invested £50k in April 2005 in to 3 properties and have just sold all of them, while netting £18k in the process (that includes charges etc).

dunstonh

property isnt much good for someone that needs liquidity unless you go into REITS or property funds. (which have generally outperformed your property return as it happens).

Still not a good idea for the OP though.

GCH888

dunstonh wrote: »

Remember that you need to beat 4.8% net to beat inflation. Otherwise you are losing money in real terms.

Dunstonh ... I've got an ICESAVE account with interest of 4.48% net. Does this mean in real terms I'm actually losing money? I don't think there exists an easy access savings account which beats 4.8% net.

The only thing that comes close would be the BM 1 year fixed rate bond offering a monthly rate of 4.85% net.

Liz_the_Whizz

GCH888 - you're right, that's why us savers should all have our fingers crossed for a big hike in the BoE rate on 10 May to try and catch up with stampeding inflation rates.

Incidentally, I too have an Icesave account, but thought it was 4.56% net?

jamesd

GCH888, right. For the long term, saving makes you poor, investing makes you rich... or at least better off.

Cash in an ISA for the emergency fund perhaps, then for any long term money it's off to investments instead of savings accounts. Assuming you're not doing things like saving for a house purchase within a couple of years.

You can use regular saver accounts by switching money from the Icesave account each month to try to get ahead with just savings but you're unlikely to do as well as investing.

jem16

Liz_the_Whizz wrote: »

Incidentally, I too have an Icesave account, but thought it was 4.56% net?

For a basic rate taxpayer, Icesave at 5.7% gross is 4.56% net. For a higher rate taxpayer it's 3.42%.

dutchess_2

Hi All,
Was looking for a thread like this, maybe i could get some help as well please ;-).
I'm thinking of sell a flat and investing the money somewhere short term (a couple to few months) before moving in with my partner in another city and buying there in the future.
I consider "falling off the property ladder" dangerous, as once you're on it you should try to stay on it and spending the money on rent a total waste, but various people I talk to have different opinions about it so I'm confussed now.
Where should I invest the money (approx 100K) short term and instant access to gain a high interest every month and not loose too much?
All opinions much appreciated. a

jamesd

For short terms like that you should use normal savings accounts.