Best way/place to invest 15k? - no risk

[Sash]

Its the government not the FSA that are the baileroutters lol
The FSA are just the regulatory body.

The risk of the bank accounts etc is the loss of real value due to inflation

 

[jamief]

War - entire government and all authorities within being dissolved.
Or anarchy (with the same effect).

Granted, it's a very small risk, but still there

Anyway, the FSA aren't obliged to bail out their banks are they?

The FSA don't bail out banks.

They do guarantee (through the FSCS http://www.fscs.org.uk/) depositors money (upto £50k per individual FSA licence).

 

[SkeeterUK]

You can deposit it in my account, it will be used wisely as upgrade pc money.

 

[Dj_Jestar]

You cannot invest without risk.. that's why there is reward. If there were a free way to make money, we'd all be doing it.

 

[Sash]

@OP do you have a partner? If so, get her to take out a cash ISA also and thats £7,200 together in each cash ISA.

You cannot invest without risk.. that's why there is reward. If there were a free way to make money, we'd all be doing it.

But what about the "ABSOLUTELY NO RISK" easy way to make money schemes online??!!?!

 

[Aod]

What is the risk involved with putting the money into a bank which has FSA protection?

the government and treasury collapse, along with your bank? frankly, i think we'd have bigger things to worry about it that happened, but your money would be gone

 

[V4NT0M]

the government and treasury collapse, along with your bank? frankly, i think we'd have bigger things to worry about it that happened, but your money would be gone

Yea, like who's going to host the party?

 

[jamief]

You cannot invest without risk.. that's why there is reward. If there were a free way to make money, we'd all be doing it.

Other than the Apocalypse, investing in a FSA FSCS backed savings account is NO RISK.

 

[Aod]

Yea, like who's going to host the party?

more like where the food's going to come from

 

[jamief]

more like where the food's going to come from

The corpses of your fallen countrymen, roasted over open fires and served on a table made from bones....

Well, it would be the apocalypse after all

 

[Sash]

Other than the Apocalypse, investing in a FSA FSCS backed savings account is Low Risk.

Fixed

 

[jamief]

Fixed

Please explain the risk.

 

[Sash]

Please explain the risk.

The risk of the bank accounts etc is the loss of real value due to inflation

Its not as relevant just now, but if inflation was to increase more than the interest rate the real value of your money decreases.

 

[Basher]

As has been said no risk = no reward.

I'd suggest maxing our this years ISA and putting the rest into the highest interest savings you can find. Then dripping the money into ISA's as we enter new years.

moneysavingexpert.com will help lots

You can deposit it in my account, it will be used wisely as upgrade pc money.

Did you read the post?

 

[Sash]

As has been said no risk = no reward.

I'd suggest maxing our this years ISA and putting the rest into the highest interest savings you can find. Then dripping the money into ISA's as we enter new years.

moneysavingexpert.com will help lots

As will www.moneyfacts.co.uk

 

[Basher]

As will www.moneyfacts.co.uk

Yup, another great site.

 

[killari]

As has been said no risk = no reward.

Not true. Arbitrage opportunities do exist. They are just extremely difficult to find as forces of supply and demand close them off very quickly.

 

[Dj_Jestar]

Other than the Apocalypse, investing in a FSA FSCS backed savings account is NO RISK.

A bit like investing in Northern Rock that was FSA FSCS backed, eh?

 

[Sash]

A bit like investing in Northern Rock that was FSA FSCS backed, eh?

The Northern Rock incident caused the £50k compensation scheme.

 

[Energize]

Just dump it all in a ftse all share tracker, you need risk to reap reward. There's no tax to pay either because it's capital gains.