Should I begin investing?

callumchip

Thanks everyone for your input, I hadn't realised that there were savings accounts giving the interest some have quoted - I should have checked - as my current savings account is substantially lower. 

Also, I am very much aware that investments are volatile and have every chance of losing money. 

I think I will look to find a decent savings account and utilise that, probably until I have made the next move then look into longer term investments from there. 

Thanks again! 

Albermarle

jay_ftw said:

If by investing the OP perhaps means a fixed rate cash isa, echoing the other comments I'd go for that given the better rather than paying off the other two options. Or if he means a S&S ISA or just a general investment account that's just a gamble only you can decide on making.

https://open.spotify.com/episode/7C4cLv4rH0J0zE3Vp8h6UU?si=622dfdda2c104f21
This recent podcast episode, talks about pretty much the exact same scenario. Question is covered from 10:30mins in, worth a listen.

I think it is fair to say that if you invest in diversified mainstream investments for the long term, it is not gambling as the odds are so heavily stacked in your favour, the longer you keep the investments.