What to do with 20K

united_road_68

Hello guys & gals.

Looking for some super advice please, i have 20k at my disposal what shall i do with it?

Any help and thoughts gratefully received.

Thanks

wombat42_2

united_road_68 wrote: »

Hello guys & gals.

Looking for some super advice please, i have 20k at my disposal what shall i do with it?

Any help and thoughts gratefully received.

Thanks

You need to tell us how long you want to save or invest it and what your attitude to risk is. Would you be prepared to risk losing some of it in the hope of getting good returns ?

united_road_68

I have no time restrictions but would prefer to be tied in for max 12 months. I am willing to invest in medium/high risk ventures

fbs_4800

united_road_68 wrote: »

Looking for some super advice please, i have 20k at my disposal what shall i do with it?

I'm high risk. Give it to me. :rotfl:

nats3006

fbs_4800 wrote: »

I'm high risk. Give it to me. :rotfl:

:rotfl: :rotfl: :rotfl:

united_road_68

fbs_4800 wrote: »

I'm high risk. Give it to me. :rotfl:

High maintenance more like :eek:

wombat42_2

united_road_68 wrote: »

I have no time restrictions but would prefer to be tied in for max 12 months. I am willing to invest in medium/high risk ventures

That is much too short a timeframe to mess with shares ( 5 years minimum) . Stick it all in hi interest savings accounts (Sainsburies, ICESAVE, ICICI etc) and a cash ISA.

fbs_4800

wombat42 wrote: »

That is much too short a timeframe to mess with shares ( 5 years minimum) . Stick it all in hi interest savings accounts (Sainsburies, ICESAVE, ICICI etc) and a cash ISA.

Or on failing that I have a GUARANTEED system that'll win on roulette! Seriously! Nothing like it has ever been seen before! Obviously, I COULD be rich if I just stuck to the system myself - but I'm a caring sharing guy.

Give it to me.

[Deleted User]

If your lazy - buy some good funds into a mini isa at 4K a year. The rest in good savings accounts. discount broker - https://www.h-l.co.uk

If your not lazy, research the stock market and pick companies that are either just starting or undervalued that you believe will have a strong future. - this is probably the most profitable thing you could do.

jamesd

Provided you're willing to either accept the risk of some capital loss or willing to leave the money invested during a recovery, investing in equities via your stocks and shares allowance is one option. You aren't tied in but you do risk a loss if you're forced to sell during a downturn, so it's best for money where you can start rearranging it into less volatile investments with a few years notice. The shorter your notice, the greater the risk involved. If you're not expecting to use the money for a few years this is likely to give you better returns than savings accounts. Money beyond the ISA limit can go into unit trusts and OEICs held outside the ISA and they can be transferred in later years.

High interest savings accounts including regular saver accounts are options that don't run a risk of capital loss but overall they don't stay far ahead of inflation.