23 and no idea what to do with my savings

RandomisedGoose_

I've recently graduated uni and while living at home I've got a total of £14k in savings and I'm now at the point where I feel I should be looking at investing it. l have some of it in a help to buy ISA which I'm looking at moving to a L-ISA but I feel as though I should be putting some money towards investing but I don't know where to start. 

Kim_13

£14K is a reasonable amount to keep in cash - you don’t want to invest and then be forced to sell on a dip as something pops up that you don’t have enough cash for. 

You might consider Premium Bonds - then if you don’t win, you can still get the amount you put in back. 

You’re probably best off using the money to fund several Regular Savers: https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/

You can spread the maturity dates out, e.g. open the 6 Month Principality account and a 12 month account somewhere else; you can have a combination of some fixed accounts that you can’t withdraw from before the end of the term and some that you can withdraw from if needed. This thread should be helpful and will also point you in the direction of where to go to get some interest on the money while it is waiting to go into Regular Savers in future months: https://forums.moneysavingexpert.com/discussion/6576962/the-top-regular-savers-discussion-thread/p1

You could then start investing with what you can afford to put aside from your income going forward, or split that into investing and Regular Savers. Whatever you choose to invest in beyond a Lifetime ISA and pension, you should use a S&S (Stocks and Shares) ISA so that the returns are free of tax now and in future years.

george4064

Stick all the £14k in a easy access savings account and drip feed as much as you feel comfortable with into regular saver(s).

It's good to be thinking about investing so early on, which you may want to do in small amounts but suggest you really ramp up the investing when you start working.

ZeroSum

Personally in your position, I'd be concentrating on getting onto property ladder. As long as you've got a work place pension then you're already investing (unless you're public sector & have a DB pension which is even better)

enthusiasticsaver

In  the early years while you  are living with parents I would be focused on building up a nest egg for a property deposit and starting a pension.  If you invest and then want to buy in a few times if the market is in a dip you will be  forced to sell at a loss.  A HTB ISA is a good start.  Regular savers usually pay good interest and you can look at cash term deposits.  I think you should leave investing for now. That is more for long term savings.