We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
What to do with £3500?
lknights1987
Posts: 77 Forumite
I currently have £3500 of savings what should i be investing this money into to get a good return within a year ?
0
Comments
-
If you're only looking at a year you'd be better keeping it in savings rather than investments.0
-
Absolutely.
Low risk investments yield close to zero and a year is too short for anything less than 5-10 years.
Accept that you'll be lucky to match inflation and move on.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
how much are you prepared to lose ?0
-
spend it now because in a year you'll need about 3% more to buy what you can now
cheers
fj0 -
ISA..cash
you might get 1.5%..;)0 -
Surprisingly, nobody has reeled off the script about Nationwide Flexdirect accounts.
http://www.nationwide.co.uk/current_account/flexdirect/default.htm0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards