What to Do with £5k or what to invest it in

Rroff said:
E Savers are rubbish atm... not even close to 2% think mine got around £3 last year in interest with a not inconsiderable amount in there - I've just moved most of my money into a cash ISA which is about as safe as you can get atm with any kinda return (about 3%).
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Actually the post office esaver is 2.9%, which is useful if you use the ISA allowance. For a deposit I would reccomend a fixed rate ISA which are 3.2% atm.
 
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Well I gave up reading all the squabbling so it's probably been posted already.

Banks can kiss my ass @ 0.5% interest.
I now treat my share trading account as my bank account.
Stocks and shares ISA is the first place to start..
Actually, no it isn't. Paying off any debts that are charging you interest is the first step but I digress.
So, stocks and shares ISA, that pretty much covers your 5K as you can have just over10K in there pr year.
Within that ISA I'd have a mixture of stuff to stave off any risk you might be worried about. Various solid FTSE100 stocks, a fund or two (see Hargreaves and Lansdown), gold, mining companies, energy companies and emerging technologies, especially green/ renewables.. etc. etc..

Make sure you make it a regular investment ISA and drip feed the account over the coming months as you research the different stocks, that way you will pay massively reduced trading/commission costs. (£1.50 vs £8.95)

Pays your money, takes your choice
 
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Buy yuan (Chinese currency) it is going up sooner or later (good for you), the speculation helps appreciate the yuan (good for the economy by rebalancing exchange rates to correct unfair competition practices).
 
I would stick it in an ISA or a saving acc if your ISA is full, there might be more money in riskier investing, but that depends on wether you want to risk your future deposit. Or you could put 4k safe and risk 1k on something else etc.
 
ohhbass said:
I would stick it in an ISA or a saving acc if your ISA is full, there might be more money in riskier investing, but that depends on wether you want to risk your future deposit. Or you could put 4k safe and risk 1k on something else etc.
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I'd argue that putting any money in an ISA is a waste of time given current inflation levels. Buy a gilt if you have to, but cash is only going to depreciate just now.
 
What other decent options are there? most e-saver accounts are paying out pence in interest atm even with several grand in there, other schemes are mostly tied into the economy and its looking pretty grim atm, and no guarantee you will end up better off in the future.
 
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Rroff said:
What other decent options are there? most e-saver accounts are paying out pence in interest atm even with several grand in there, other schemes are mostly tied into the economy and its looking pretty grim atm, and no guarantee you will end up better off in the future.
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Not sure why mine is paying out £50 per month at the moment then?
 
Off the top of my head you'd need considerably more than 20 grand in savings to be making £50 a month from the best e-saver account available atm and most of them seem to pretty quickly drop back to <1% unless you keep changing accounts.
 
£5K?
Travel the world for 5 months whilst not having to live like a pauper.

Trust me .. for the next 30 years you'll look back and think it's the best thing you ever decided to do!
 
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