have just come into £52grand whats the best way to invest or save so i can earn the max interest?

Question

am planning to use some of it to pay my mortgage off so it'll leave around £40grand for investing/saving

i'm a wuss and dont want to take any risks!! would also like to be able to use any interest i earn if needed

Answer 1

Pull the other leg !

Answer 2

I would pay off your mortgage first and them establish exactly how long you would like to leave your funds for, whether you are wanting an element of risk to your investment and if so what kind of risk. I wouldn't consult and IFA unless you are comfortable with an element of risk to your money.

First of all take advantage of you tax free allowance (Mini Cash ISA's) and you can check out the best rates at Moneysupermarket.com or Moneyexpert.com.
You have a cash allowance of £3,000 per year and it stops Gordon Brown getting his hands on your interest before you do.

In addition to this have a look on the same websites for bond either over 1,2,3 or 5 years, these give you a guaranteed rate of interest without the risk and hassle.

I hope this helps.
If you do need anyfurther info my Boyfriend works for a very popular high street building society woho specialise in investments, I would be more than happy to passyour details to him, he might be able to help.

Sarah xxx

Answer 3

1. Pay off your mortgage to have a safe roof over your head, come what may.

2. Pay off credit cards and any other debts.

3. Put $3000 in a Mini cash ISA and the same every year, either from your income or transferred from the a/c below. Leave any interest in, to compound. It will be tax free.

4. Put another £10,000 in a bank savings a/c.

5. Put the balance in the stock market, in good quality shares (called blue chips) in 5 or 6 different companies.

Enjoy!

Answer 4

Well darllin'----I am a very cautious Texan when it comes to the dollar deal---and seeing that you are evidently in the U K -- I'll just say this--- FIrst off---kudos on the pay the house off thing---very wise and one that will immediately see you saving outlay every month that can go to other things you will benefit from

On this balance to invest deal though---caution !!--- There are millions of "deals" but only a few solid foundations---My advice here would first be---don't be getting financial advice in THIS place !!! Next would be to send you searching for a trio of the absolute best Money Market Account Managers available in the U K----these guys (Companies) are usually required by law to be licensed and are held to a strict standard of operating procedures--talk with and listen to at least three of the very best you can find and hear / learn -- what they can do for you---set them against each other to COMPETE for your investment---get your own FEEL for which one works for YOU-- you'll know it in your gut when you hit the right thing---then DON"T put it ALL in any ONE thing---spread the margins to secure against losses from ONE BAD DEAL !!!!

HOPE THIS HELPS---and truly---Good Luck to You !!!!

Answer 5

Suggest your bank advises you on buying shares, you make money two ways - twice a year the company you invest in will pay you a dividend and your shares should rise in value. I am making 74% profit this year but that includes a free shares windfall. Discounting that, I am 30% up on the year. Shares can go down as well so you need professional advise.

Answer 6

Hi. This is probably not the best place for financial advice, you need an independent financial adviser. have a look at Martin Lewis's website its called Money Saving Tips. This has really good and independent info on lots of things. Saves a fortune! Just check moneysavingexpert.com before you do anything...

Answer 7

Hi,
You shouldn't put all your eggs into one basket. You should diversify it; put some money in low risk and some money in high return

I'm forex trader/analyst for 5 years. I accept private investments.
I pay at least 5% monthly for 12 months.
Reasonable investment amount from US$10000 (ten thousand). But minimum could be lower.

If you are interesting to join me please send e-mail or pm (click my name) with amount you are going to invest and I provide your with further details

Answer 8

I do not know if this is the best but it surely sounds interesting. Good luck!
http://www.justclap.com/?search=invest

Answer 9

Hi,

if you are interested in buying small one bedroom house in Croatia, at very nice location, popular turist place. Price is around £35k, let me know.

Best Regards,

D

Answer 10

open up an isa account at your bank, high interest rates if you dont touch it. if it was me id spend some on the house, myself and my children. its up to you really, depends what you really want o do with it.
good luck and congrats on the money

Answer 11

invest in cocaine,step on it and sell it on.Dont take it yourself,drugs are bad for you.YHou can expect to make at least £100k profit unless you get busted