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£40k to invest short term - ideas please

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  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Spam by jackpalm88 reported.

    Edit: and it's gone
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • pandora205
    pandora205 Posts: 2,939 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thanks jamesd.
    I think I need to do some research and think about this sort of investing (hope I've got the right word!)
    I only started saving (through an ISA) and increasing my pension via AVCs during the last couple of years, so still learning!
    somewhere between Heaven and Woolworth's
  • re whether to pay down the mortgage or invest a lump sum from cashing up shares and redundancy etc. My fixed rate is 4.74% so pretty good I think and I object to having to pay approx£2k fine for making an early repayment. I am looking at a fixed rate bond for a year. The sum invested will eventually go towards paying down the mortgage at the end of the fixed term so I can't afford to take any risks on it. As long as I earn more than the interest I would be saving by paying it down I think I should come out on top. But still am feeling a tad confused of the best way to go.

    BTW am new to these forums but they are such interesting reads :D
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