If you had £3k to invest now for 2 years, what would you do with it? 11 November 2022 at 4:30PM in Savings & investments 17 replies 1.6K views

cricidmuslibale

Jacob_Jones said:

Split it between a few big tobacco stocks: 
BATS, IMB, JTI, MO, PM

Yes, they're up a bit. But the dividends are still good. 
And they're quite low volatility stocks price wise. 

I’m quite surprised and rather saddened tbh that big tobacco stocks are still doing so well at the end of 2022! We’ve all known about the massive health risks involved with smoking tobacco for so long now that I for one would have hoped that tobacco and big tobacco companies would have become a really poor investment long before now! Clearly there’s still a lot of work to do to get the message conveyed clearly in many parts of the world about what smoking does to one’s body over time and how many people’s lives are ended tragically and prematurely through smoking this terrible substance!

km1500

5% will get you £150 a year interest

You could consider premium bonds - you might get less than £150 or you might get lucky and get more - maybe even a lot more. It will be a bit of fun each month as well.

Squeezie

Thanks all. The original intention with the ISA was for it to be a long term investment but tbh, I don't really know what I'm doing with stocks and shares, and the rise in interest rates makes me nervous. I think I'd rather have the money safely tucked away in a high interest account while they're available. Premium bonds are an interesting idea! It might be fun to stick a couple of hundred pounds in and see what happens...

ColdIron

With £200 probably, very probably, nothing

https://www.moneysavingexpert.com/savings/premium-bonds-calculator/

Squeezie

ColdIron said:

With £200 probably, very probably, nothing

https://www.moneysavingexpert.com/savings/premium-bonds-calculator/

Thanks for sharing, so useful! Maybe I won't bother with Premium Bonds then

Millyonare

For me, I'd be aggressively shuffling that cash around investment platforms with free cashback, current accounts with free cashback, and cashback sites with finance offers of free cashback. Wealthify, Moneyfarm, InvestEngine, HSBC, Nationwide, Lloyds, First Direct, Topcashback, etc, etc. Deals will come and go. But, I reckon I could turn that £3,000 into £4,000 after 2 years, delivering a 40-70% pretax return.

Not advice. Dyor, etc.

Beddie

Squeezie said:

Thanks all. The original intention with the ISA was for it to be a long term investment but tbh, I don't really know what I'm doing with stocks and shares, and the rise in interest rates makes me nervous. I think I'd rather have the money safely tucked away in a high interest account while they're available. Premium bonds are an interesting idea! It might be fun to stick a couple of hundred pounds in and see what happens...

Hi, I'm sure that, long term, your investment ISA will do better than cash savings. However, no guarantees! So, do what's best for you. Perhaps you could reduce what you pay into the ISA and put some into savings as well? After all, you've been unlucky (as we all have) that 2022 has turned out to be such a stinker for investing. But I've been through other crashes going back over 20 years and overall it is worth staying investing, in my opinion.