Back in the spring I had all of the above ready to invest into equities. Due to a sudden change in circumstances I just didn't have the time to sit down and go through the paperwork to make this go ahead. I'm now absolutely kicking myself as the markets have got up very well and I would be a good deal richer if I had gone ahead and invested when I planned to.
I'm looking to invest the above funds (SIPP, stocks & shares ISA and cash deposit into equities when the market (has hopefully fallen). In the meantime I'm at a loss as to what to do with the money.
I've moved my cash deposit into a high interest online account with ING (3.3%). The cash I'm holding within the SIPP and stocks and shares ISA I'm not sure what to do with it as the rate of interest on cash in the HL online account pays next to nothing.
I've been looking through all of the Hargreaves Lansdown Funds and I thought one of the Money Market funds would be most suitable i.e. Henderson Cash, Premier Money Market. Another option would be to put the money into fixed interest but I know next to nothing about how fixed interest works and whether it is suitable for a short term investment.
Any comments or suggestions would be welcome. (I've made my mind up not to invest into equities until the market has dipped). This isn't too important with the pension as I'm taking a long term view on that but when investing my cash deposit I will try and get in at the right time