Investing 15k?

Author
Discussion

Liam79

Original Poster:

413 posts

257 months

Thursday 27th January 2011
quotequote all
I have been left around 15k off a relative who passed away. I was lookIng for some advice as what sort of bank and ISA etc to invest it in.
I don't need the money urgently but would be nice to have access to it in an emergency etc.
Basically just looking for some advice. Thanks.

Guvna

7,573 posts

186 months

Thursday 27th January 2011
quotequote all
Have a look at the self-select fund ISA's at www.h-l.co.uk

Lots of different fund investments to to choose from and you are free to spread it about

Don't work there by the way but happy with the service I have received so far

rog007

5,776 posts

230 months

Thursday 27th January 2011
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If I had a spare £15k that I wasn't going to spend on metal and fuel I'd purchase Premium Bonds. Good rate of return, in with a chance to win the million and nearly instant access. Downside of course is inflation.

fido

17,198 posts

261 months

Thursday 27th January 2011
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[quote=rog007Good rate of return
[/quote]
TBH it's quite terrible at the moment - though that hasn't stopped me from putting some emergency cash on the off-chance ..

BeefMaster9000

82 posts

230 months

Thursday 27th January 2011
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rog007 said:
..I'd purchase Premium Bonds. Good rate of return..
The return on Premium bonds is a joke tbh. If you owned every single premium bond that has been issued, therefore netting you the full prize fund every month, your return would only be 1.5% and the chance of any single bond winning the million pound top prize is 42 billion to 1.

But if you are into the whole 'safe gamble' thing, stick it in the best savings account you can find and then using some, or all of the interest, buy lottery tickets. (statistically better odds than premium bonds - almost a dead cert. at just 14 million to 1, plus the jackpot is usually much more than 1 million!)

rog007

5,776 posts

230 months

Thursday 27th January 2011
quotequote all
Tell that to a close relation of mine with £20k invested and his nearly double, not insubstantial, wins on what seems like most months. But I agree, due to the nature of the beast, that will be creating no wins for many others. Pays your money....

ringram

14,700 posts

254 months

Friday 28th January 2011
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ISEQ20 ETF... thoughts!?
Im in wink

auditt

715 posts

190 months

Friday 28th January 2011
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Art?