What to put my money in to?

Question

I'm in the middle of selling my house and in the fortunate position I have a buyer which in today's market is pretty lucky .I don't know exactly how much I will be left with after fees but it will probably be between 30 and 35 thousand pounds ,which I know isn't exactly a fortune but to me and my family it is a good sum of money .We are planning to rent a house so we are not reinvesting in the property market so apart from sticking it in some high interest account what could I invest in ,preferably not to high a risk

Answer 1

mutual funds, real estate, gold maybe?(the value doesn't change very often so it's pretty safe but you won't make alot just a lil bit) or just open a certificate of deposite (CD)<- last one takes awhile.

Answer 2

Like you i was verry lucky to sell my house recently. i had a lot more to invest but did not want to put it all in one bank, as if the banks did go down you are only garenteed £35000.

One of the best accounts offering good rates of interest is the post office. if you can invest for a year the rate is really good. i have opened an account but only for 6 months and the interest rate is still good. Also the halifax. they beat any high street bank. Hope this is usefull

Answer 3

invest in mutual funds.....

Answer 4

bonds  and  mutual  funds....but  why  are  u  selling  ur  house....the  house  prices  are  at  a  low  at  the  moment,  so  even  if  u  didnt  hav  a  house,  it  would  be  a  good  time  to  invest.

good  luck

Answer 5

mutual funds.

Answer 6

Would recommend reading the article below on "inflation bustings savings accounts" as most people don't realise that with RPI at 5% today most savings are being eroded by inflation.

http://www.carpetbagging.co.uk/id6.html

Answer 7

Go into your bank and ask for the money desk rate.

Answer 8

You are moving backwards by selling a home and then renting. You need to be absolutely sure of what you are doing in this situation. You would be very wise to stay in the property market because real estate trends tend to rise constantly with inflation.

Rent the house out instead and use that income along with your job to buy another house somewhere.  

Answer 9

The way the world is going I would suggest Canned food, guns and ammo.