Putting money to work

DJMK4 said:
Can you do this in the short term (6 months), low risk and take the money back out after 6 months if needed? I guess you can still have a help 2 buy ISA along the side of it.
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Yes you can. I opened a medium risk investment isa two weeks ago with Lloyds. There is a low risk one as well. I put 5k in that and so far it been going up everyday quite nicely. It's basically a fund so everything is done for you so very easy. There is no need to pick shares.

If you want to get your money out it takes 4 days and you will have to pay a fee so you need to make enough profit to cover that. Really these are better for long term investing. If the stock markets crash you could lose money so that is why a long term view is better.
 
Basher said:
Just bear in mind that when ISA rates do go back up, you won't be able to put all that capital back in.
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I know; but even tax free the rate is so utterly feeble since 2008 that longer term I think it will probably give me a better return. Unlike most I absolutely want interest rates back to the halycon days of 6/7%.
 
NinjaSeb said:
Yes you can. I opened a medium risk investment isa two weeks ago with Lloyds. There is a low risk one as well. I put 5k in that and so far it been going up everyday quite nicely. It's basically a fund so everything is done for you so very easy. There is no need to pick shares.

If you want to get your money out it takes 4 days and you will have to pay a fee so you need to make enough profit to cover that. Really these are better for long term investing. If the stock markets crash you could lose money so that is why a long term view is better.
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Not sure if its a wise idea, this money is being used as some savings for house deposit, so, I need to know that I am not going to lose money, and have the ability to take it out within as mentioned something like 6 months without a massive sting.

If its not a viable option or too risky, I may leave it sat in premium bonds.
 
DJMK4 said:
Not sure if its a wise idea, this money is being used as some savings for house deposit, so, I need to know that I am not going to lose money, and have the ability to take it out within as mentioned something like 6 months without a massive sting.

If its not a viable option or too risky, I may leave it sat in premium bonds.
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You are probably better off opening one of these new Tesco savings accounts with 3% guaranteed for 2 years. 100% safe and can get money out anytime. Not sure how that compares to premium bonds.
 
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