Knee deep in current accounts. Go for more, or increase investments?

enthusiasticsaver

Temrael wrote: »

That's interesting, thanks for that. If you don't mind me asking, what's your thinking behind having as much as that in cash at the moment?

Is it simply that with some fairly attractive rates about on those savings accounts, you don't feel the need to risk your capital in investments (for the chance of a slightly higher return if markets behave)?

Yes, that is partly the reason. We are only a few years off retirement and have recently started investing so at the moment I am only prepared to risk half our capital as our monthly income will be decreasing significantly in 2018. That is the formula I have set is half our savings go into cash (although I am running out of cash options) and the other half is invested in my Stocks and Shares isa. At the moment I am seeing no return from the stocks and shares, in fact it has gone down which I know should be a cue to buy more but as a new investor I am not happy to risk that at the moment. On the other hand I am getting 3, 4,5 and 6% in cash savings

TattyBear

Been in Ratesetter for just under two years, and have so far done nicely out of it, especially as a non tax payer. Been getting an average of 5.9% on a high 5 figure investment. It's not to everyone's tastes, but I was only quoted 7% pa by the IFA at HSBC who wanted a lifetime management fee of £1000 for an S&S ISA.

I'm looking to pull back on my P2P if I can find somewhere else to put the money, but only because I have too much in there for comfort.