investing

Eco_Miser

Unless your name is Chris Diddy, you are completely anonymous and anything you reveal about your circumstances cannot be linked to the real you.

When you say "£10,000 to invest or save, over 10 years," do you mean you have £10,000 now that you won't need for the next ten years, or do you mean saving £1000 a year for the next ten years?

The relevance of income, assets and pensions is that the best way to save depends on what you have and for how long.

In the right circumstances adding to a pension is the best way to save, in other circumstances it is a terrible way.

What to do with £10k whan you've got a million in other assets is a very different question to what to do with £10k when it's all you have. Your original question didn't even specify the £10k.

To avoid just getting bland generic suggestions further information is required.

Saving in any FSCS protected account is completely safe insofar as you are guaranteed to get your money back, plus the contracted rate of interest, up to £85k. However over 10 years this will probably buy less than it would now.

Investing in mainstream FCA regulated investment schemes is safe in that you will get the value of the assets invested in, but risky in that the assets may not be worth as much in the future as they are now.  However there are a lot of people expecting that mainstream collective investment schemes will give a return over ten or more years of at least 4% per year over inflation.

eskbanker

chris_diddy1 said:

You might get more specific advice on here if you clarify how much money you're talking about, when you're likely to need access to it, the rest of your financial circumstances (income, other assets, property, pensions, family, etc) and so on....

OK thanks, but that really is far too much personal information I am prepared to publish at this stage. I don't see the relevance to my income, pensions or assets, when all I am asking is the best way to save money.

Entirely your prerogative not to share more than you're comfortable with, but the point I was making was that if you share more details then posters can offer more tailored guidance.  With all due respect, your knowledge does seem pretty sketchy ('saving' and 'investing' aren't interchangeable terms for a start, so your title and post content are inconsistent), but if you're confident enough that you know enough about what you need then you're implicitly accepting the risk of missing the 'best' answer, whatever that may be, so read up on savings from the supplied link and take it from there....