What would you do with your £20k

Darnhall123

I have £20k to invest on Monday when the new ISA tax year begins.

I’m unsure whether to put it in my existing Shawbrook 5.22% 5yr cash ISA (this will be year 4) with a guaranteed return in 2028 when it matures, or open a stocks & shares ISA taking advantage of the current market whilst it’s down.

I don’t have any real knowledge of S&S so would probably just put it in an S&P500 or something similar.

I’m not investing for the long term, so any advice given please, based on the best return (in your opinion) over 2-3 years….

So, what do you think I’d be best doing….. 5.22% guaranteed, or buy into a S&S ISA now while prices are down?

Thank you in advance!

bioboybill

S&S ISA should really be for an absolute minimum of 5 years, preferably 10. The stock market could easily fall another 30%. The shocks from this Trump war have only just started.Your 5.22% is a very good rate. If you're looking at a further 2 years I'd go for that.

jackieblack

If you're only looking 2-3 years ahead, I'd stick it in the existing cash ISA

Vitor

I’m not investing for the long term - that automatically rules out S&S ISA

Darnhall123

https://forums.moneysavingexpert.com/discussion/comment/81949606#Comment_81949606

Thank you. I think I just needed someone to validate what I’d pretty much decided to do anyway. 👍👍

Darnhall123

https://forums.moneysavingexpert.com/discussion/comment/81949609#Comment_81949609

Thank you 👍

Darnhall123

Thank you for your reply.
I took the 5.22% with Shawbrook a few years ago and have maxed out each year since.
Now that the £120k FSCS protection is in place, it continues to be a very attractive option.

Next year I’ll be limited to putting £12k in, but i’ll still hold over £100k at 5.22 till September 2028.