Where do I put my money from house sale?
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belicia
Apprentice
Joined: 25 Dec 2005
Posts: 4
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 Posted: 08/31/09 - 10:48 Post subject: |
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| Hi people. I have recently sold the house I shared with my ex. Now I have moved in with my sister and we are having such a great time together. I don't want to move out any time soon. We made quite a profit from the sale. This money is currently sitting around in my current account. But something tells me that this is not the wisest possible place for that purpose... Where should I put the money? |
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everett
Apprentice
Joined: 28 Mar 2006
Posts: 5
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| Posted: 09/29/09 - 23:03 Post subject: |
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| Hi. You have several options. If you are not planning to reinvest the money into property, you should think very carefully. I hope that you think it through. Perhaps a cash ISA is the best option. Here your money can work for itself. It will gather interest rapidly. And what's more, these ISA accounts are not taxable. But it is only one suggestion. Talk it through, think about it. You will find the best option for you. |
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