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Parents investment ??
TILER
Posts: 22 Forumite
Hi
My parents have several isa's taken out over some years and a fixed 2year bond for 50000.
The bond matures next month and has been earning quite well. The idea is to reinvest into another 2 year bond ( they would prefer to keep the 50000 together rather than spliting it up)
Please can you advise what the best options are ?
Regardless of the above ideas I will be guided by yourselves
Thanking you
My parents have several isa's taken out over some years and a fixed 2year bond for 50000.
The bond matures next month and has been earning quite well. The idea is to reinvest into another 2 year bond ( they would prefer to keep the 50000 together rather than spliting it up)
Please can you advise what the best options are ?
Regardless of the above ideas I will be guided by yourselves
Thanking you
0
Comments
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Please can you advise what the best options are ?
Investment advice is a regulated activity. Plus, we have nowhere near the amount of info to even take a guess at what is best for them.
How old are they?
what are they doing with the money (now and future)?
What is their financial position and tax position?
What other financial products do they have for capital and income?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Are they willing to accept the possibility of a drop in value to get more interest? Or do they want to restrict the choice to only places where there is a certainty that there will be no loss of capital, not even a temporary one that recovers after a few years?0
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