£80000 to invest or save.

Sulverfox1264

Hi,

Shortly I'll have £80000, To save or invest. I might be wanting to move if the right house comes up so I don't really want to have it tied up for to long.

Just wondering what the best saving or investment is best.

Thanks

SonOf

In which case you do not wish to invest. You wish to save.

Investing typically means terms closer to 10+ years.

badger09

Sulverfox1264 wrote: »

Hi,

Shortly I'll have £80000, To save or invest. I might be wanting to move if the right house comes up so I don't really want to have it tied up for to long.

Just wondering what the best saving or investment is best.

Thanks

Start here

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#easyaccess

Albermarle

Investment means taking risks ( on the stock market for example ) . The best route if you can leave the money along for many years .
If you need quick access within a year or even less then a low interest easy access savings account is then main option.
Premium bonds are another possibility . Safe -accessible with a short delay, but average return is low .

Flobberchops

The "best" thing to do with your money COMPLETELY depends on your plans and the timescale.



If you have an upcoming house purchase then your money needs to be safe and accessible. At best you'll be getting around 1.5% interest on that kind of arrangement.


If you were investing £80k long term, looking to maximise returns with no immediate plans to cash out - that would be a very different kettle of fish.

MaxiRobriguez

Before everyone jumps the gun, consider if you're actually going to use the £80,000 on the house purchase. It might be the case you don't actually need it, if for example you're getting deposit capital from the sale of your current house.

In that case, it might be more worthwhile to have a bigger mortgage whilst interest rates are low, and invest the difference.

We need to know more about your circumstances to be able to give you the best advice.
- Age
- Salary
- Debts
- Current investments (including pension)
- Spouse/Children situation
- Expected value of new house and equity/sale price in current house.

Might sound like prying but until we know that no one can give you an accurate steer.

Thrugelmir

Park £50k in premium bonds while you mull matters over.