Where can I invest £4,000

Be_a_Beautiful_Soul

Hi All, can you suggest where I can invest 4K please? What’s the best way in the current climate to invest this? Don’t usually have this much cash to invest somewhere so need to be wise. 

RacingDriver

Do you have an emergency fund?  If not you may want to keep this in cash savings rather than investing, and find a high interest savings account.

If investing, what is your risk tolerance and over what time scale do you think you will need to access the money?

allegro120

Be_a_Beautiful_Soul said:

Hi All, can you suggest where I can invest 4K please? What’s the best way in the current climate to invest this? Don’t usually have this much cash to invest somewhere so need to be wise. 

If this is the only spare cash you have I'd suggest putting it into a well paying easy access savings account. 

Santander Edge Saver is a good one for £4k. Pays 6% for 1 year. https://www.santander.co.uk/personal/savings-and-investments/savings/santander-edge-saver
Need to open Edge current account to be eligible.

jimjames

Be_a_Beautiful_Soul said:

Hi All, can you suggest where I can invest 4K please? What’s the best way in the current climate to invest this? Don’t usually have this much cash to invest somewhere so need to be wise. 

Global index tracker in S&S ISA, pension? Do you actually mean invest or save? Answers could cover pretty much anything without giving more info.

Albermarle

There is no one size fits all answer, as it depends on lots of things, such as your age, your objectives for using the money etc
More details needed.

Sam_666

This must be  wind-up/bait post.

artyboy

Sam_666 said:

This must be  wind-up/bait post.

Let's not be too harsh. There were certainly wind up/bait posts from a short lived and now deleted user today (that also posted a load of nonsense about gold/silver/the great reset on this thread), but for some people, money, and especially finding a sudden amount of it in their lap, can be very daunting to manage...

I'd just add my agreement to putting it in a good easy access savings account, at least until/unless the OP comes back with more information/context.

dunstonh

Be_a_Beautiful_Soul said:

Hi All, can you suggest where I can invest 4K please? What’s the best way in the current climate to invest this? Don’t usually have this much cash to invest somewhere so need to be wise. 

Your criteria have a near infinite number of possibilities.   You need to narrow it down by giving more information.

Albermarle

Sam_666 said:

This must be  wind-up/bait post.

These types of posts, where they ask what to do with money, but give hardly any details, are a regular feature on the forum.
So probably not a wind up.