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    31. How to best utilise 5k GBP

      Ask (advice)
      Hey everyone, as a goal for this coming year I’d like to better put to use the small amount of savings I have. My first idea is: 3k emergency fund in a NS&I Government insured account. 2k in a...

      Hey everyone, as a goal for this coming year I’d like to better put to use the small amount of savings I have.

      My first idea is:

      • 3k emergency fund in a NS&I Government insured account.
      • 2k in a Vanguard index fund.

      A few questions:

      1. Is this sort of setup the best use for such a sum?

      2. If so, with the impending brexit, does it makes sense to move the money out of the U.K?

      3. Is there much maintenance with an index fund or is it sufficient to let the money sit? I’m aware anything of this nature is essentially a gamble.

      4. How do you calculate a worthwhile amount to invest considering the on-running service costs?

      5. Does anyone have experience with ethical index funds? If so which? And how have they performed for you?

      Any help is most appreciated.

      11 votes