1-2 Investments

derek007

Hi, I have recently inherited £40k and would like to invest it for at least one year, perhaps two. Any suggestions would be welcome

Alistair31

Do you mean save, rather than invest ?

Albermarle

As you have given almost zero details about you and your circumstances, then difficult to offer any guidance.
What you could is locate the search facility at the top , type in 'inheritance ' and search 'this board'
Your will find numerous threads on the same subject , so would be good to read some of those.

eskbanker

derek007 wrote: »

Hi, I have recently inherited £40k and would like to invest it for at least one year, perhaps two. Any suggestions would be welcome

As above, there's a distinction between saving and investing, the former typically being used to describe depositing money in capital-protected accounts with banks or building societies, while the latter refers to buying non-cash assets such as shares, funds, properties, etc, where there is risk of capital loss but also better growth if holding a sensibly-constructed portfolio for many years.

Your reference to looking for somewhere for your money for one or two years means that it wouldn't be sensible to invest it as such, so use savings instead. Plenty of info on this site, with the two main articles being:

http://www.moneysavingexpert.com/savings/which-saving-account
http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

Aminatidi

Just to ask the basic question:

You put £40K into "something" now and come back in 2 years.

Do you want to be 100% sure that there is still at least £40K there?

DrSyn

As has already been stated

Saving:- means placing your money in a bank or building society account, where you expect to get back at least what you put in.

Make sure the bank/society is covered by the FSCS protection which present has an upper limit of £85000.

https://www.thisismoney.co.uk/money/article-1621507/Best-savings-rates-Fixed-rate-accounts.html


Investing:- Is long term gambling with your money, in the hope to get out more than what you put in, but this is not guaranteed.

The longer term the better (a minimum of 5 years).