Best place to stick £35k?

jem16

rathernot wrote: »

Seems I could do the trust/fund in a Maxi ISA thing or just use a "Pay as you trade" account and try my hand at shares.

You can't do a Maxi ISA as you have said you already have a cash ISA. However you can do a MINI S&S ISA.

rathernot

Sorry, knew the numbers (up to £4k) just used the wrong name.

Interesting stuff this

So far the iii offerings look good, Self Select ISA with no management fees and I can "dabble" as much as I like with funds and shares without having to stump up min £1k per fund etc.

Looks too good to be true have I missed something?

Jake'sGran

quote So far as the "flutter" I'm also trying to get my head around the options. Seems I could do the trust/fund in a Maxi ISA thing or just use a "Pay as you trade" account and try my hand at shares.quote

You don't have to use the ISA wrapper. They are good if you are tax payer but can be cheaper if you just buy the fund you fancy outside the ISA wrapper. All year I have been telling myself to have a flutter and buy some high yielding shares but never get round to it. I think it is United Utilies which is paying 7% dividend and their price has dropped so could be worth a punt. I get them and National Grid muddled. Re Funds: On 29th July the Sunday Times mentioned the following as good buys for "top returns"
Invesco Perpetual Income, 87.3% inc over 3 years
Rathbone Income 64.7% ""
Merrill Lynch Spec Sits 92.30 ""
Jupiter UK Growth 98.60 ""
M &G Recovery 94.90 ""

Over 10 years the first one was the best with 250% growth.

Alliance & Leicester are mentioned in today's Sunday Times as one of "the
baddies" and I must admit I went off them when I realised that their high paying current account (or was it the monthly saver?) only allowed an investment of £2500 before the rate dropped. The Times pointed out that you really must read the Terms & Conditions. You can see the other bad banks on line if you go to the ST page. I believe ING does monthly income but the rate is not as good.