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.
Best way to invest £40,000
Lglo17
Posts: 1 Newbie
No longer available
0
Comments
-
If you need your money within a year then the best you're going to be able to do is put it into a savings account and make maybe a hundred extra pounds, investments can go up and down and there are fees associated, you'd never be able to make any money with your requirements.
If you have mortgage problems the mortgage section will be a better place for advice: http://forums.moneysavingexpert.com/forumdisplay.php?f=15
0 -
I agree go to the mtg sectoon ad CAB.
and don't count your 40K before it is hatched, worry after you have accepted an offer. Selling in the run up to xmas may mean you have to discount it more than you are already and may end up with 10-20K instead.0 -
Sorry to hear this and hope you do make enough money to help you into the future.
I had an account that offered a better rate of interest than usual, in return for limited withdrawals. It sounds as if it might be ideal for you. Mine is with Coventry, but am not sure if they are accepting new customers; Nationwide do one too.
Also don't forget to take out ISAs to the maximum limit, this financial year.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 348.8K Banking & Borrowing
- 252.3K Reduce Debt & Boost Income
- 452.6K Spending & Discounts
- 241.6K Work, Benefits & Business
- 618.2K Mortgages, Homes & Bills
- 176K Life & Family
- 254.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards