Hello, I'm about to inherit 15 000 pounds, and i'm wondering what to do with it. I'm in my 20s, and have neither significant savings (3000 in a cash mini ISA) or debts (just my student loan), so it seems to me that the best thing to do is to save or invest the money for the long term, as an emergency reserve, and as the core of a deposit for a house one day. Therefore, i'd like to find somewhere pretty secure to put the money; i'm planning to put it away for several years (i almost certainly won't be buying a house in the next five years), so i'm happy with something i can't get at immediately (like a bond) or something that's only reliable over time (like the stock market). Any advice on what i should do? My idea at the moment is to put it all in ISAs (over the course of a three years, keeping it in a normal savings account in the meantime) - half in a cash mini ISA and half in a stocks-and-shares mini ISA wrapping a FTSE all-share tracker. How does that sound? Also, what's the tax position on stocks and shares ISAs? I'd assumed they were tax-free, like cash ISAs, but i read references to tax on them - is that just on the income, rather than interest? I'm not after any income, so that shouldn't bother me, right? Thanks, tom

Property. There are plenty of properties available from around £25,000 upwards, so your 15 grand could go a long way towards securing one. Put in a tenant and you could be quids in over several years. Use RightMove to do searches and you'll be amazed. MM

What to do with 15 000 pounds

Apr 27, 2005 83 Replies

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john boyle 21 years ago

In message , Tim writes

That makes sense to me!

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Ronald Raygun 21 years ago

I didn't say they were synonyms. If mammals include pigs, cows, and monkeys, it means cows are mammals. Hence, if averages include means, medians, and modes, it means medians are averages.

It doesn't mean all averages are medians, nor all mammals are cows.

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Terry Harper 21 years ago

For the avoidance of doubt, for "average" read "mean" in my post.

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Tom Anderson 21 years ago

The word for this is 'hyponym' - 'median' is a hyponym of 'average'.

Just thought people ought to know that.

tom

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