Where or wot should i do?

[janisl]

Hi i have some money that i dont need for five years, can anyone help. i want to make as much on it as i can,

[Wop/tpo]

Depends on the amount you have to invest. Usually the higher the rate of interest, the greater the risk. A cash ISA
would give you 5/6% tax free, and be very secure.

[janisl]

i have thirty thousand, thanks for your reply, anybody else got an opinion?

[anniebird]

Look in the weekend papers. On Saturday and Sunday papers such as Mail - Telegraph have Financial Supplements and they list the best savings rates currently available. You can check the rates for fixed term investments and instant access. This will give you a guide as to where you can put your money for the best return. If you have not already used your ISA allowance that would be a good start as the returns are tax free.

[janisl]

thank you,

[BigMac]

If you don't need it for 5 years you could tie it up in a term account that pays a higher rate - but you won't be able to get at it at all for the five years.

Make sure you're not carrying debts costing you interest (paying off debts is always a good idea) or pay off some of your mortgage or off-set your mortgage - if you have one.

Make sure you and your partner (if you have one) have used your ISA allowances for this year.

Over five years, you can afford a bit more risk; if you have maxed your ISA contributions for this year, hold off until April 6 and then put �7,200 in a maxi stocks and share ISA (protects gains from tax; choose a fund that matches your appetite for risk) for 2008-09; your partner (if you have one) could do the same; that would leave say �16k to invest....
If you have children and want to save for their futures, you could set up stakeholder pensions for them - the money would be tied up until they are at least 55 so they couldn't squander it in their teens!

Just some ideas. NB - I am NOT a qualified financial adviser; THE BEST THING TO DO is talk to an INDEPENDENT financial adviser who operates on a fee basis (like consulting a solicitor) and NOT on a commission basis. Ask family/friends/workmates for personal recommendations.

Hope this helps.

[ACoordinator]

Hedge fund can be safe and quite profitable. Any investment has risk. While a hedge fund might not be your answer, its worth looking in to. Best regards.


http://www.hedgefundfaq.com/answer.php?q=what- is-the-best-investment-for-a-highly-conservati ve-investor