How would you invest 10k

jazznut92

If you had 10k how would you invest? 

This is how much I have in my life savings, is their anyway to grow this? 

I don’t have any idea where to start with investing 

masonic

If this is your life savings, then at least some of it should be held in accessible cash savings as an emergency fund. Perhaps in premium bonds. Typically this would be 3-6 months living expenses. After doing that how much is left?

NannaH

Open yourself a Trustnet ‘portfolio’ or put funds you like the look of in a basket and use their comparison tools to get a feel for things,  it gives you the risk factor of all the funds which is very helpful. 
Drip feed it into a Stocks and shares ISA, something like a Global index tracker if it’s for the long term,  10 years+ ~ I use HSBC FTSE all world and Fidelity Index world :  if that is everything you have though,  I would keep £3-£5000 back in a savings account for emergencies. 

 For slightly shorter term savings 5 years + I use HSBC Global strategy balanced,  a mix of funds and bonds,  a bit less volatile but lower returns.  
People say that lump sum investing beats drip feeding but how would you feel if the next day, it dropped by 10/20/30%+ ? 

I had the misfortune of investing a £10k lump sum in November that dropped 5% almost immediately - I wish I’d drip fed it in at £800 a month to be honest, the only time I’ve ever done a lump sum.  

[Deleted User]

NannaH said:

I had the misfortune of investing a £10k lump sum in November that dropped 5% almost immediately - I wish I’d drip fed it in at £800 a month to be honest, the only time I’ve ever done a lump sum.  

Hi,

though could've gone up 5% in that time, it's only 3 months, hang on, don't panic.

sevenhills

jazznut92 said:

If you had 10k how would you invest? 

This is how much I have in my life savings, is their anyway to grow this? 

I don’t have any idea where to start with investing 

What is the reason you have saved it, for a house purchase of for your old age?

If you are over 40 years of age you should consider putting it in a pension and claiming the tax relief.

My pension is a self invested personal pension(SIPP), I have bought shares to the value of £1,000 in 10/15 different companies.

pjread

Situation really affects the 'right' answer to questions like these. 

e.g. if your username implies you were born in 1992, your objectives and needs are likely different to if it implies you're 92 years old... 

There are some fairly good principles - e.g. don't punt it all on one share if you can't handle the risk, and maybe look for a good low-fee passive fund, and try to always invest inside a tax wrapper (pension or ISA).  But even these could be 'wrong' if you need the cash in the next couple of years.