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£50000 to invest

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Comments

  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    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
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    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.
    Free the dunston one next time too.
  • 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
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