10 Grand

[petesgrayz]

If you had 10 grand to invest, how would you invest it.

[spacechimp]

Premium bonds, to make Alan Sugar happy.

[bricro]

It must depend on personal circumstances but...

ISAs offer you various opportunities say �3K in a mini cash ISA and �4K in shares say RBS & HSBC. With the remaining �3K put into an account on fairly short term notice at the best rate going for a good name institution.You can invest in an ISA (total�7K) in this tax year and then on April 6th another �7K(if you have it and Chancellor permitting) Any investment in shares carries a higher risk.

For rates see financial press or internet.

[bricro]

In Google type in"Best Rates for ISAs" click UK tab.

Good luck

[WendyS]

I would pay off any debts first. Otherwise I'd take advantage of this year's �7,000 ISA allowance, and �3000 worth of next year's ISA allowance by investing in a good Equity Income Unit Trust, with all income being reinvested to provide growth. (That is on the basis that units trusts are for the longer term (5+ years) so can ride out any short-term market volatility.)

If I were a more cautious investor, I would stick �3000 in a Cash ISA this tax year (ending April 4th), �3,000 in a CASH ISA next tax year, and the remainder in a high interest savings account, switching to Cash ISA's every year until it was all transferred over. (By which time Gordon Brown will probably have abolished all tax free savings anyway).

[Se7en]

Bung it all on the Red in Vegas!

[WoWo]

All good advice so far, the general flow should be...

Pay off debt - credit cards, loans etc
Pay of mortgage (if you have one).
Use your full Mini Cash ISA allowance (as suggested due to being near the financial year end you can add in the max this year and next year in effectively one hit)

After all that it comes down to what you want, i.e. higher returns or easier access.

[katietab]

NO NO NO NO NO buy shoes and handbags all the way! That my personal preference anyways!! LOL