£50000 to invest

bigadaj

HiToAll wrote: »

thank you all for your advice. i think i am going to maximise our ISAs this financial year and next, and you have given me some good food for thought re stocks and shares ISAs. I just now have to work out how to invest in the S&S ISAs, which are the best for the novice investor.

and then have a discussion with the other half on what to do with the £4K left:-) some electrical equipment and a holiday (my idea) versus some sort of sofas and cushions and a holiday (not my idea).

Bought a pillow with a connection for an MP3 player last week, partially because it was discounted. Might bea. Compromise between sofa, cushion and electrical items?

atush

If this money is to be ehld long, not short term, then equities will be best. If that is S&S isas, or pensions or both is another question.


I would do a combination of S&S isas for the full this year, then some pension, then a smaller cash fund for emergencies.


Maintenance on your home, and some well researched improvments is a good idea as well.

kidmugsy

HiToAll wrote: »

Then probably spending the remaining 4000 on something nice, do up the house a bit.

Is this the most sensible thing to do as wouldn't want to use it until we retire in 20+ years?

A bit for pleasure and a bit for investment sounds pretty good to me. My own instinct at this time of year would be to bung all the money into interest-bearing current accounts at the moment, and wait for (i) The Budget - in March I assume - just in case of any announcements that might influence you, and (ii) The offers that often appear in March of better interest rates on Cash ISAs, and better terms for S&S ISAs.

Point (ii) may be particularly important this year as the S&S ISA providers are in the course of altering their charges while they jockey for custom.

Note too that opening a Cash ISA gives you a neat way to spread out the timing of putting money into S&S ISAs, since you are able to transfer from Cash ISA to S&S ISA whenever you want (but not the other direction). One word of warning: don't ever attempt a DIY ISA transfer. Just complete a transfer form for your destination ISA provider and let them handle everything.

topgearfan08

Archi_Bald wrote: »

You are slightly wrong there - the minimum monthly "win" is £0. I can assure you these happen regularly, including on full £30K deposits.

Sadly I assure this too