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Where to save 80k

velo36
velo36 Posts: 1 Newbie
in Savings & investments
Hi, I have received 80k which I would like to invest for the future. I have considered a fixed bond, is this a good idea?

Comments

  • wmb194
    wmb194 Posts: 6,053 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 23 June 2023 at 12:03PM
    velo36 said:
    Hi, I have received 80k which I would like to invest for the future. I have considered a fixed bond, is this a good idea?
    Possibly but without knowing your circumstances who can say?

    https://moneyfactscompare.co.uk/savings-accounts/
  • ColdIron
    ColdIron Posts: 10,330 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    edited 23 June 2023 at 12:07PM
    velo36 said:
    I have considered a fixed bond, is this a good idea?
    It might be for some people but bad for others. Impossible to say for you without knowing more about your circumstances and objectives
  • retiringtoosoon
    retiringtoosoon Posts: 315 Forumite
    100 Posts Name Dropper Photogenic
    pensions probably
  • jimjames
    jimjames Posts: 19,263 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    velo36 said:
    Hi, I have received 80k which I would like to invest for the future. I have considered a fixed bond, is this a good idea?
    Also remember you don't need to do the same with all the money. You could for example put £20k into pension, £20k into S&S ISA, £20k into fixed rate account and £20k into instant access. Which works best for you depends on quite a few factors that only you know
    Remember the saying: if it looks too good to be true it almost certainly is.
  • TheMilkmansDad
    TheMilkmansDad Posts: 736 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    title of the thread is "Save" content of the message is "Invest" - which one is it?
  • Albermarle
    Albermarle Posts: 31,205 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Suggest you supply following info to get a better answer.

    Age? Employed? House/mortgage? Pension? Family ? Other savings /investments ?
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