£15,000 in savings - How to utilise it?

Hey guys,


I have some in an ISA currently. I don't want to add the rest into an ISA purely because I like having "financial security", if anything goes wrong I want to have some money available, so ISA's are out of the window.

Hey guys,

Apologies - I'm sure this type of post is written almost weekly, just thought I'd explain my situation and see what opportunities are available.

I'm currently on a placement year at IBM, I'll be starting my final year in September. Over the years I've been able to accumulate around £15k in savings and I'm really unsure what to do with it. I hate knowing it's just sitting in my bank as opposed to earning some interest/profit.

I'm fairly business-minded, always thinking of ways to invest, profit etc etc. I gave Ebay/Facebook/Craigslist arbitrage a go but didn't find it sustainable - Yeah, I made a bit of money... but it wasn't worth the hours I spent searching through websites.

I've had a few ideas to create a blog/website and profit via affiliate links, Clickbank etc however I don't have the time to create content at the moment, so that's kinda out of the window.

I have some in an ISA currently. I don't want to add the rest into an ISA purely because I like having "financial security", if anything goes wrong I want to have some money available, so ISA's are out of the window.

Any proven methods guys? - I'd love to toy with shares but I'm not too clued up. I've also heard that £15k isn't going to make much money, so it comes down to whether the risk is worth the reward! (if any)

I'm sure I'll get a few people say "parents money" so I'll state now that I've earned this all through jobs. I've been working since I was 16.

Thanks guys, I look forward to hearing your thoughts.

Connor

It depends really. Save a nice sum over in the event of a rainy day but if you're gonna spend some of it, why not invest a little in a relatively safe stock(Microsoft springs to mind) and ride out the markets for a year. You'll get some dividends for each share you hold and if you feel they're peaking, sell them off. Check the 52 week performance on a stock to check its likely trajectory(not guaranteed as stocks are volatile). Buy low, sell high. Spend maybe £1000-£2000 and then save £7500 for a rainy day and do what you want with the rest. But its your money at the end of the day. My advice would be to grow its value so it makes you some nice returns

you re covered for 83k per bank so i wouldnt worry about financial security i have the same amount in an isa myself and have been considered putting a little into a stocks and shares isa but can never decide if the risk is worth it for me.

invest it in property. My mum is a property developer and people invest money so give her say £10k and she buys a house with money also from other investors too and rents it out. she gives 5% interest each year but is very competitive compared to the banks, so find an investor and invest it

Football accumulators

spend some time watching the stock markets before you invest and read articles about companies to invest in to get some knowledge of the stock market

then invest some of your money in relatively safe companies. don't put it all in one company, in case for some reason the price of shares in that company suddenly drop (such as the price of bp shares did after the gulf of mexico oil spill) it'll allow you to get to know the stock market and experiment a bit while (hopefully) making some money

if you decide you like watching the markets and anticipating which companies' share prices will soar and guessing when to sell, then perhaps invest some of your money in more risky investments.

If i had that much, I'd just put a deposit down for a house

If i had that much, I'd just put a deposit down for a house

Premium bonds / ISA. Keep it safe and you've got a solid start on the deposit on a house, or buy yourself a car, or whatever. No need to chase big returns on it, just keep it from losing value.