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Anonymous
What should I put my savings into ? 2017-07-07 09:13:29 Post No. 2729530
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What should I put my savings into ? 2017-07-07 09:13:29 Post No. 2729530
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I have nearly £10k in my ISA.
Now this is supposed to be getting kept for a house which I will do up and resell(with a friend I work with,we are both in construction)
I had moe but because the isa is more easily accable I'Ve spent it(on good experiences so no regrets)
I want to put it into something sort of safe im mainly doing this so my moneys just locked away rather than for profit.
I have some premium bonds which I bought years ago.Ive "won" £100 from £500 but from what I have read there are better ways to invest your money with no risk of loss.
IM probably going to have this put away for another year
What would you recommend I do ?
Also do any of use use vanguards ? I was thinking of getting one instead of paying into a pension.
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>>2729530
I use Vanguard funds but I'm wary now of Irish domiciled funds, since Ireland only pays £20k compensation
anyway I am split 5 ways
FTSE 250
US total market
Global small cap
Asia Pacific
Emerging markets
My SIPP (aiming for 8% long term)
FTSE 250
Global small cap
If you're going to buy a house 12/24 months from now just stay in cash
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Why not a government home buy ISA if you can wait a few years.
Otherwise any zero risk fixed rate bank bond? Can't touch the money if it's in a bond.
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>>2729623
>My SIPP (aiming for 8% long term)
So that's just 8% profit on top of what you've put into it ?
What sort of extra profit do people expect to get from pensions ?
Im self employed and probably always will be so I need to start making moves on creating my own plan.
>>2729931
The home buy isa is only for a personal use right ?
Im hoping that my first couple of houses I buy(to renovate then resell) with my friend are for profit or so we can remortgage them and build from there.
Then I can buy my own house to live in.
Then hopefully have made up enough to start my own bar.
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