Author Topic: Investment fund advice or deposit for house - UK expat in Kuwait  (Read 892 times)

todd89

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I'm currently working in Kuwait and saving around 2000 each month. Next June I am thinking to get a buy to let mortgage with about 20,000 deposit. Rather than this money being placed into my bank account each month, is it wise for me to put this 2000 into an investment fund via an ISA and going with Cavendish for example and seeing how it gets on until June?

There's no exit fees etc and I am thinking of Vanguard Lifestrategy just because some people recommended it, but I don't really know why. Someone said 50% in the 100% equity acc and 50% in the 80% acc fund.

Any advice is welcomed.
« Last Edit: October 21, 2016, 12:15:10 PM by todd89 »

milb

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Re: Investment fund advice or deposit for house - UK expat in Kuwait
« Reply #1 on: October 21, 2016, 05:32:55 PM »
No. Money in stock market is for long term, a few months is exposing your self to a lot of risk for little upside.

cerat0n1a

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Re: Investment fund advice or deposit for house - UK expat in Kuwait
« Reply #2 on: October 21, 2016, 10:55:44 PM »
Stock market should be for money you don't need to touch for years. You have a clear target sum of money in , a clear date in mind and your income is in . So don't mess about trying to second guess stock market or currency fluctuations, just find somewhere that will pay you a bit of interest and keep the money safe.

shanghaiMMM

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Re: Investment fund advice or deposit for house - UK expat in Kuwait
« Reply #3 on: October 26, 2016, 05:07:18 AM »
What they said.

What if Trump gets in and the market tanks? Could do, and could take a long time for your stocks to recover.

Cash > bank in this case.