How To Best Invest Lump Sum

Andrea75

Hi All, some advice please. Just sold a property and have £50K lump sum. Really don’t know what’s best; save or invest? This money will be used to invest in a future home so want to maximise savings. There is so much information out there about how to best invest that I’m totally lost. Appreciate any advice you can offer. Thank you.

Linton

When are you planning to buy? Investments as opposed to cash savings are considered unsuitable for 5 years or less as there is a chance that the value would temporarily drop and not have time to recover.

xylophone

https://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html

Andrea75

Linton wrote: »

When are you planning to buy? Investments as opposed to cash savings are considered unsuitable for 5 years or less as there is a chance that the value would temporarily drop and not have time to recover.

Planning to buy in 18 months to 2 years.

NedS

Andrea75 wrote: »

Planning to buy in 18 months to 2 years.

Then you want to save the money, not invest it.

Look at best rates for 1-2 year savings products.

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