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Short term investments?
funkin
Posts: 32 Forumite
Hi. I've got 3k in a cash ISA out of last years allowance and this year I'm tempted to invest in a stocks & shares ISA.
With our mortgage practically paid off I want to get my money working hard for me but may well need to take some/all out in a year or two to go towards a new property.
Is it worth putting money into a stocks & shares ISA (with the admin charges etc.) when I may well be wanting to take the money out in 12-24 months time, or should I just be done with putting 3k into a cash ISA?
Any thoughts most welcome.
With our mortgage practically paid off I want to get my money working hard for me but may well need to take some/all out in a year or two to go towards a new property.
Is it worth putting money into a stocks & shares ISA (with the admin charges etc.) when I may well be wanting to take the money out in 12-24 months time, or should I just be done with putting 3k into a cash ISA?
Any thoughts most welcome.
0
Comments
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Minimum time for any investment would be 5 years.
You would not want to be faced with a stockmarket crash just before you want the money.
Best stick to savings accounts.0
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