Best way to invest 15000

ShandyAndy_2

I currently have 15000 I would like to invest into something, I was looking at opening an ISA but looking at rates of 0.6% it would only make around £90 a year interest, I already own my own house / car, been looking at shares but don’t know much about them and want minimal risk. 

csgohan4

the best way to invest your money is to invest in understanding what investing about. There is no risk free investing, Investments go up as well as down. If you want risk free, premium bonds or cash isas would be a reasonable approach.  But your money will be eroded by inflatation over time given the low interest rates at this time

Monevator does a good article on passive investing

If your new to investing, please don't touch shares. Index linked Funds are more suitable at your stage.  Individual companies are much more riskier if you don't know what your doing. A good example would be EQT, such volatility would drive some people insane. 

AlanP_2

It 's a bit pedantic but a Cash ISA (paying interest) is saving, whilst a Stocks & Shares ISA (capital fluctuation and dividends) is investing.

What are your objectives and timescales for the money?

Do you have a pension, as most pensions nowadays are invested in S&S?

Albermarle

All investments have some risk attached but this can be reduced by having a mix of investments as opposed to just one or two company shares for example. You do not have to buy each investment yourself, you can buy funds that already contain them , which makes it simpler . However investing is a long term project however you do it.
https://www.moneysavingexpert.com/savings/investment-beginners/

_theinsider

Do you have 3 or more months of emergency savings already put aside? Any debt to pay off? Look at those first. Then, as above, define your objectives for the money and timescale for investment and choose the appropriate vehicle and level of risk. Although you may be better off with a savings product if you want "minimal risk".

DiggerUK

You don't make  it clear if you are mortgage free. Are you making repayments on your car or anything else. Thanks..._

ShandyAndy_2

AlanP_2 said:

It 's a bit pedantic but a Cash ISA (paying interest) is saving, whilst a Stocks & Shares ISA (capital fluctuation and dividends) is investing.

What are your objectives and timescales for the money?

Do you have a pension, as most pensions nowadays are invested in S&S?

I don’t really have an objective, I just want to have some financial security for the longer term, I already have a stocks & shares ISA which is slowly building and I have a workplace pension. I’m looking to retire reasonably early, about 60, I’m mid thirties now. 

ShandyAndy_2

DiggerUK said:

You don't make  it clear if you are mortgage free. Are you making repayments on your car or anything else. Thanks..._

Not mortgage free, looking to move or improve in the next year or so, yes car paid, I have a strict policy of nothing on credit apart from the mortgage. 

DiggerUK

Clearing a chunk off the mortgage is always good in my book. If you do remortgage for a new home then a lower LTV will do you no harm, neither will lower repayments hurt the bank balance in the here and now.
Best of fortune..._

Alexland

ShandyAndy_2 said:

Not mortgage free, looking to move or improve in the next year or so

So would overpaying your mortgage be likely to get you access to lower interest rates on the remainder due to the reduced LTV? Once you own enough to get the best interest rates (and assuming you have a good employment prospects and cash buffer for emergencies) then if the mortgage is affordable you might consider putting more into S&S ISAs.

ShandyAndy_2 said:

I’m looking to retire reasonably early, about 60, I’m mid thirties now. 

Can you contribute more into your workplace pension especially if you could benefit from extra employer matching, higher rate tax relief or salary sacrifice (to save the national insurance). Also worth considering a S&S Lifetime ISA which provides the same 25% uplift as basic rate tax relief but no tax/penalty on withdrawal from age 60.

JohnWinder

ShandyAndy_2 said:

I don’t really have an objective, I just want to have some financial security for the longer term,

That sounds 'objective-ish'. You might want one of these to direct and guide your thinking:

https://www.bogleheads.org/wiki/Investment_policy_statement