Where would you invest £15k?

[ferring seagull]

I've managed to pay up my mortgage a little early and have around £15,000 to invest over 5 years or so. Do any money-savvy NSCers have any advice where I should invest? I have already used up this years ISA allowance and have a little extra set aside for emergencies.

Many thanks in advance

Keep an eye on NS&I deals !

Income Bonds or Index Linked NSCs

 

[Springal]

What are you look to achieve from it?

If you are unlikely to need it for a while, then stocks and shares ISA can be good.

 

[Springal]

Avoid Bonds too, I had about 10k in them for a year as a few recommended on here, and got very little back over the year.

 

[LlcoolJ]

Surprised this hasn't been mentioned yet.

The government is selling its Lloyds shares - 5% discount for UK nationals.

To submit your interest, click here: https://www.gov.uk/lloydsshares/location

Agree.

 

[Driver8]

"Independent " Finincial advise.

Does it really exist?

Well no but Independent Financial Advice does.

Unfortunately for the OP however however the rules and regulations that we all abide by make advising on sums below about £100k or so uneconomic so he will struggle to find any professional interested in helping. You can thank our regulators for that.

 

[theboybilly]

What are you look to achieve from it?

If you are unlikely to need it for a while, then stocks and shares ISA can be good.

Although interest is tax-free in ISAs I'm not too sure if these are the better bet. There are current accounts that offer better returns even after tax. I have an savings account that offers 6% but I can only invest £3,600 in a year and then have to make sure that the same rate is offered on the anniversary or move on.
As for the bigger sum, I'm just looking to get a bit more interest than the paltry rates that are available normally. I just thought I would ask on here to see if anybody had an inkling of a decent opportunity. Nothing is guaranteed in life, I realise that. A five-year investment would see me to 65 years of age. I'm not saving for anything in particular as I've been slowly and carefully getting my house in order both metaphorically and physically so that hopefully I can retire without too much worry. I'm not looking for anything high-risk....moderate at best for me I think.

 

[Bring back Bryan wade!!]

Rolex's sister range, Tudor seem to offer better value. As do Brietling and Heuer amongst others. That said Rolex will always have a strong following.
I wouldn't know where to begin though

A Tudor watch will not hold a return anywhere like face value after 3-5 years (at best a 60% return on a pre-owned Tudor, likewise a Tag or a Breitling) whilst a Rolex Submariner will continue to steadily increase in value over the same period of time. If you look after it and keep all original boxes/warranty cards you will see a decent return.

 

[theboybilly]

Well no but Independent Financial Advice does.

Unfortunately for the OP however however the rules and regulations that we all abide by make advising on sums below about £100k or so uneconomic so he will struggle to find any professional interested in helping. You can thank our regulators for that.

How true is that.....I started getting phone calls asking about my investment needs - as soon as I mentioned it was only £30-35k (at the time) they looked for ways out of the conversation.

 

[theboybilly]

A Tudor watch will not hold a return anywhere like face value after 3-5 years (at best a 60% return on a pre-owned Tudor, likewise a Tag or a Breitling) whilst a Rolex Submariner will continue to steadily increase in value over the same period of time. If you look after it and keep all original boxes/warranty cards you will see a decent return.

I'm not sure this is for me but out of interest where would you look to buy and sell quality watches? I really have no idea

 

[Driver8]

Although interest is tax-free in ISAs I'm not too sure if these are the better bet. There are current accounts that offer better returns even after tax. I have an savings account that offers 6% but I can only invest £3,600 in a year and then have to make sure that the same rate is offered on the anniversary or move on.
As for the bigger sum, I'm just looking to get a bit more interest than the paltry rates that are available normally. I just thought I would ask on here to see if anybody had an inkling of a decent opportunity. Nothing is guaranteed in life, I realise that. A five-year investment would see me to 65 years of age. I'm not saving for anything in particular as I've been slowly and carefully getting my house in order both metaphorically and physically so that hopefully I can retire without too much worry. I'm not looking for anything high-risk....moderate at best for me I think.

From next tax year the first £1,000 of interest p.a. is tax free (£500 if you are a higher rate tax payer) so unless you are using this elsewhere don't worry too much about the ISA wrapper.

 

[piersa]

Low,medium or high risk?

 

[theboybilly]

Low,medium or high risk?

I think medium over 5 years

 

[Goldstone1976]

1st growth Bordeaux from a decent vintage (or Screaming Eagle) - held in bond in a London bonded warehouse. Hold for 5 years. Double your money (at least) every time. Allegedly.

 

[LamieRobertson]

Without knowing your overall circumstances..appetite to risk etc surely its hard to offer any guidance....but best of luck

 

[Steve Foster]

Ask BHA if you can pre pay your season ticket for the next few years?

And yes I am an IFA

 

[mwrpoole]

I'd open an account with a broker such as Hargreaves Lansdown or BestInvest and invest it in Neil Woodford's Equity Income Fund. The fund started in June 2014 and was up about 18% in first year. So far in Year 2 it's about even but considering FTSE100 is down about 15% in last 3-4 months that's very good. You'll pay about 1% in fees per year.

 

[Wilko]

Spend it! I save up money then spend it all of travel. Reckless? Nah, not at all, I would say it is an investment.

 

[fat old seagull]

Where would you invest £15k?

Probably where I invested my last £15k. . . Bet365. Though be warned the interest paid can be low and intermittent. The upside is they do occasionally pay an unexpected bonus

 

[Diablo]

..you have a problem what to do with your money I have a problem with lack of money...Give it to me ...Both our problems solved.

 

[Tyrone Biggums]

I'd buy gold. It's as safe as it gets.