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Q&A » Investments
Hey everyone new to Lovemoney and hoping someone can throw some ideas my way. I have £10,000 to invest but no idea what my options are or where to begin so any help would be greatly appreciated. I am looking preferably for short term investments but im open to ideas.
Tia
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If you are interested only in short term investment, you are restricted to Cash investments unless you are prepared to gamble.
The questions then are: is it a lump sum or is there a monthly element? how soon would you need it? Some should be in Instant Access unless you have some of that already which hasn't been included. At least 3 months net pay should be held in Instant Access accounts. What is your age/marital/family status? Different circumstances would lead to different investment strategies.
If you haven't got ISAs already then the £10k should be in Cash ISAs. £5.1k could be invested before 5 April and the rest afterwards.
Best advice would vary from person to person according to individual circumstances.
Mike
Posted on 13 March 2011 |
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