I have 15k spare to invest? ?

Question

Should I put it to morgage on house which we owe 63000 or invest in shares etc... Thanks

Answer 1

It helps if private investors have a good understanding of the investment vehicles open to them. You are better off going into battle armed to the teeth.

I am currently putting together Investor Training Modules which give an in-depth insight into the many investment vehicles on offer.

http://investmentvehicles.blogspot.com/

Answer 2

Put it into an Instant Saving account. You earn the interest monthly, and you can withdraw at any time.

Alliance & Leicester: 6.50%

Post office: 6%

HSBC: 5.25%

http://www.financecomparator.co.uk/savin...

Answer 3

I'd put the money into the morgage - you'll be paying more in interest debts there than you're likely to make in the short-term in stocks or shares. They're risky - best to play it safe & also it's a great feeling paying off some debt :)

It might be worth putting some of the money into an ISA, just in case you want to make use of it in the next few years. This would be alot easier/cheaper than remortgaging the house if you need the money. You can put up to £7,200 p.a. into a stocks & shares ISA per year.

Answer 4

not a good time for stocks

pay down your debt, i'm sure there's no savings account that will give you a higher interest rate than what you're paying on your mortgage

Answer 5

well if you have the money, its up too you. i think you should probably put it on the house just to be safe.

Answer 6

If your not having any problems with paying your present mortgage.  Invest the money but put it somewhere short term with no risk involved.

Answer 7

depends what country you're in, if the share market is doing rubbish, i wouldn't advise it, it's so volatile at the moment and it's probably not the best time to invest. interest rates keep on going up, i say pay off the house, if **** hits the fan then at least you have a roof over your head. but as i said depends where you are.  

Answer 8

If you have no present problems with the mortgage, invest in some blue-chip stocks and bonds.

You can learn more about both here:

Investopedia: http://wwww.investopedia.com