Where to invest - please help

Discussion in 'Money makeover' started by FionaOK, Dec 9, 2016.

  1. FionaOK

    FionaOK New Member

    Posts:
    1
    Hi All
    Love this forum and would appreciate your advice.

    I have 70K I want to invest for 2 - 3 years or up to 5 years max.

    No dependants, no credit card debt . In addition I have 30K that I want to keep liquid as Emerg Fund.

    Mortgage is 550 per month, on tracker. Salary 70k basic and 10k bonus.

    Where will I put, have no idea re stock markets etc

    I want to also put 1k Per month away and 350 PM into Pension
     
  2. aristotle

    aristotle Frequent Poster

    Posts:
    644
    2-3 year timeframe for an investment in equities is too short and probably not worth the risk. Even 5 year is an absolute minimum, you need to be thinking up to 10 years at least IMO.

    Stick to cash if your timeframe is 2-3 or 5 years.

    But I would max pension contributions if you don't need the money.
     
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