Best thing to do with an investment of 10K

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Desire tripled earlier this year, wish I was in those. My biggest regret was not getting in Gulf Keystone Petroleum, was tempted at 10p, they went up to 30p days later and then shot up to a quid.
MXP also worth a look.

 

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I didn't know the widowmakers were going for that cheap in the UK these days

If you start paying off the morgage with this, how much would you save in the long run? Some math involved of course ;) But yeah, keeping some of it as an emergency fund is important. I would try to pay off any loans/depts at an accelerated rate if I had some cash to spare.

 

When our first fixed-term period ended we paid an 8 grand lump sum off... and took six years off the terms. At the beginning of a mortgage it is financial suicide not to pay a lump sum off as regularly as you can afford to - we're now at the point where it becomes less financially beneficial to do so (last time out we reduced the terms by a further two years, but still paid more off than the first two times we did it.)

We started out with a standard 25 year mortgage 10 years ago, and now only have three years left on it. If you;re near the beginning of the mortgage and have the spare cash, it's a no-brainer. If, however, you're like me and have a bit of a fund set aside and don't have any reason to plow it into your property, then investing in companies that have taken a battering, but are always going to rise in the long-term is a very prudent way to make your money work for you - provided you go long on them and aren't looking to make quick cash. It's certainly better than saving your money - at 0.1% or whatever pathetic rate the banks are giving now.

I use Interactive Investor as well. Very simple, trading is a breeze and I know where their data centre is so they ain't ripping me off

 

Id say Pay for the exams you have down as WIP - this way its a good commitment to have

Also, if your gonna invest or save. Ignore the markets and saving and instead buy something which can only increase in value due to rarity or something. For example if you bought a rare 1st edition of a book and then kepted it safe, the value is really only gonna go up, and the advantage is - you cant go in comet and buy a TV with a book no matter what its worth, so your less likely to easily spend the money it is valued at......

 

The only SURE way to make money in the markets is slowly over LONG periods of time! Go with BosonMichael's advice and have a "rainy day" fund. If you really want to invest, the safest would be a Vanguard fund because they have probably the lowest fees in the industry. You can do it online to avoid a lot of fees. A broad Vanguard fund will not make you rich anytime soon but should avoid a lot of the risk you mentioned. It could be a good place to park the emergency fund. Remember that RISK=RETURNS and the market will always pretty much be smarter than you and I!

 

The thing is that i haven't even been working 2 years since completing my Bsc and have since completed multiple IT certs off my own back through self study and getting to a point where I'm not in a rush to complete lots of certs as they wont be relevant to the level of work I'm doing, hence committing to a part time (block learning) MSC, by which time I would have gained more experience and can more forwards into specialisation. I also think that I am progressing well with the self study route so not keen to spend hard earned cash on a Training provider!

 

Who is your online brokerage mate?

By the way an MOT here in Norfolk on the Vauxhall dealer is costing me £39.99... cheap I think...