Money to invest, what to do....

Mr_J1980

Hello,

Forum newbie here, long time lurker.

After a house sale, I currently have £100k to invest. After looking for days on end at different options. I am unsure as to what to do.

Does anybody have any suggestions? Must be low risk. Looking to invest between 5 to 10 years.

atush

Will you be buying a new house with it or not?

5 years is the min investment horizon esp if the money is needed for something. 10 years is better.

How old are you? what other savings to you have? Any debt? Have you got a pension? Did you use your S&S isa allowance this year?

Mr_J1980

Will you be buying a new house with it or not? No I won't be buying a new house with it.

5 years is the min investment horizon esp if the money is needed for something. 10 years is better.

How old are you? 35

what other savings to you have? None

Any debt? Cleared my debts, and am left with the lump sum.

Have you got a pension? Yes I do have a pension, with my employer. Currently paying in, combined with what my employer puts in, 18% per month of my salary.

Did you use your S&S isa allowance this year? Have not yet used my ISA allowance, I understand that there is literally less than a month to get this done.

xylophone

You need an emergency fund to prevent your getting into debt again.

Have you considered using high interest current accounts?

https://forums.moneysavingexpert.com/discussion/5187935


Consider using your stocks and shares ISA allowance for this tax year and next - £15000 and £15240 -

http://monevator.com/work-out-cheapest-platform/

http://monevator.com/low-cost-index-trackers/

atush

Ok, so open an ISA now, and whack in 15K. You can invest in cash for now, but I would consider using S&S int he isa later. the main thing is to open it. Open a new one after april 6th.

Savings, you need an emergency cash fund of 3-6 months outgoings. Can be in current accts.

then, was this from the sale of your home so you will be paying rent? Or an investment property?

If you dont have the security of owning your own home, you need a larger cash buffer, at least 12 months. Maybe more?

If you do own where you live, what rate is your mtg? your LTV? Partial overpayment if the rate is high or you have a high LTV could be a good idea as you need to get the LTV down to where the best rates are available.

So, 30K in S&S isas, current accts for 3-12+months outgoings. Possible mtg overpayment.

I'd look at further pension contributions and unwrapped investments with any balance. Moving the unwrapped to wrapped as allowances become available.