£10000 to save invest

jamesd

TRUSt_NO_1, what you are suggesting is not guaranteed to beat inflation. It is guaranteed to be volatile.

The auction rate securities are conservative long term investments, of minimum purchase price about twelve thousand Pounds, that have generally been resellable at regular auctions. Banks no longer want to hold them because they want short term liquidity and can't be certain that they can sell them, so they are leaving the current owners holding them instead of being a buyer at the auctions. No surprise when liquidity is limited. If you want short term money, don't buy long term assets and hope that you'll be able to sell them during a credit crunch.