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Nisa

1967boy
1967boy Posts: 2 Newbie
in Savings & investments
I have two ISA`s one at 9k the other at 3k which I plan on transferring into two NISA`s. 3k into cash NISA easy access / one year term and 9k into an investment NISA I am a 40 % tax payer.
Any enlightening ideas, funds etc.
I also have 90k which I am gently looking around for a buy to let property ( I have a couple of BYT`s ) or should this go into a fund as a alternative to property ?
I have only invested in property before therefore I am a little hesitant with funds and shares which I appreciate can go down in value.
Questions that`s what I am , answers hopefully someone can assist with !
Cheers

Comments

  • jimjames
    jimjames Posts: 19,263 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    What rate are you getting on the cash ISA for £3k? You can get 5% outside an ISA which is likely to beat any ISA rate even after 40% tax.

    Property can go down as well as up, just like shares and if you are using gearing you can lose more than your investment which isn't the case with shares.

    Maybe some reading about investment on monevator.com would help give some more info.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • puk999
    puk999 Posts: 552 Forumite
    Ninth Anniversary 500 Posts
    What are BYTs?
  • eskbanker
    eskbanker Posts: 40,673 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    puk999 wrote: »
    What are BYTs?
    A couple of Bright Young Things who could be potential tenants of the BTL property perhaps?! ;)
This discussion has been closed.
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