Investment ideas please

rory39

I have recently retired (early) and have a lump sum of about £100 000 in addition to a final salary pension. I plan to top up mine and my wife's NISAs for the 2014/15 year and put a further £15000 in each next year. This leaves me with about £50000 to invest. I / we have no debts or mortgage. We plan to move in about three years and may need access to money at that time so tying it into something longer term is not really viable. I'd quite like the returns to beat inflation and grow a little. I would consider myself to be a cautious investor. Have you any suggestions or helpful advice?

macca1974

If you need the money in three years time, then I would suggest (not advise!) then cash is the only realistic place to put your money as you are not going to want it to fall in value as it could do in asset backed investments (shares / bonds etc).

Maybe find the best 1 - 3 year cash rate that you can and put it in there?

Needing the cash in 3 years is I would suggest going to make it a challenge to beat inflation, especially after tax.

puk999

If you're not already using them, investigate the "high" interest current accounts.

Voyager2002

rory39 wrote: »

I have recently retired (early) and have a lump sum of about £100 000 in addition to a final salary pension. I plan to top up mine and my wife's NISAs for the 2014/15 year and put a further £15000 in each next year. This leaves me with about £50000 to invest. I / we have no debts or mortgage. We plan to move in about three years and may need access to money at that time so tying it into something longer term is not really viable. I'd quite like the returns to beat inflation and grow a little. I would consider myself to be a cautious investor. Have you any suggestions or helpful advice?

Firstly, cash NISAs are unlikely to beat inflation so you might reconsider that option.

Secondly, consider whether a house move would use ALL your available savings, or half, or... Depending on the answer, you might wish to find a short-term home for perhaps 50,000 while putting a similar amount into longer-term investments, which would probably mean something based on shares.