Investing 50k for next 5 years?

[user1468863258]

I have around 50k just lying in my bank and I would really like to go do something with it as I don't think I will be buying a house in the next 5 years. initially that was the plan but trying to come up with alternative scenarios.
Any advise on how I can invest my savings with minimal risk in current economy?
I have just moved my isa savings to hl And considering using their saver account?
I am also looking at fidelity as they seem to have lower price for advisers?
Any personal experiences with any of the platform and their advisers?

Minimal risk v investment returns doesn't really work.

You need some advice from an ifa

Premium Bonds? Good if you win, minimal risk.

You could take out an ISA that drip feeds into the market (monthly DD I think), so you spread the risk over time (rather than buying in a lump sum). Spread the ISA over various markets, bonds, funds, etc to further spread/diversify the risk. A well rated/managed global unit trust or investment fund would also be something to look at. If in doubt I’d speak to an expert/ifa etc first though. Oh and premium bonds aren’t a bad idea either I don’t think (I’ve a few too)!

Hmm sorry just realised my suggestions other than premium bonds aren’t absolutely “minimal” risk in the current environment, so really depends on your appetite for risk.

Can see premium bonds have been mentioned, this was my first thought too.

Zero risk to your capital but a high-risk gamble on the returns which you may do very well out of.

@DoubleDessertPlease

I would do this, or just wait awhile and see what happens.

If op has a five year horizon, drip feeding over the next year into a index tracking share ISA should be quite profitable.

But you could get losses in the short term.

No qualified to give advice of course.

The op has probably picked one of the best times to invest, but also one of the riskiest times.

@Newjez 100% agree. I don’t think there are any really safe options either atm, even savings accounts could be hit by inflation, but I’ll be taking this approach myself too, but with caution!

I will be investing into property. With the interests rates at the lowest for a long time, it isnt worth having money in savings currently. But nothing investment wise comes without risks.

premium bonds DO lose value, like all other cash investments - inflation is already over 3% and may well rocket soon.

for each investment platform, check charges. MN loves a couple of platforms that are expensive, not sure if that is lack of research or bots...