What to do?!

informant5

Hi, I am to come into approximately 100k from the sale of a house soon and i have just secured an expat assignment which will cover my living expenses for three years (rent, utilities and travel all paid for). The assignment means i can save almost all my wages for the duration of the assignment with a view to buying a house when i return. Where should i put the 100k and wages during my stint away? Leave in my bank account, invest or buy bonds?
Any advice would be appreciated!

Francie Barrett

informant5 wrote: »

Hi, I am to come into approximately 100k from the sale of a house soon and i have just secured an expat assignment which will cover my living expenses for three years (rent, utilities and travel all paid for). The assignment means i can save almost all my wages for the duration of the assignment with a view to buying a house when i return. Where should i put the 100k and wages during my stint away? Leave in my bank account, invest or buy bonds?
Any advice would be appreciated!

Since you have a short timeline and know nothing about investing, you're best off just sticking it in the bank.

http://www.askaboutmoney.com/threads/term-deposits-fixed-lump-sum-savings.101813/

Sabre Man

Francie Barrett wrote: »

Since you have a short timeline and know nothing about investing, you're best off just sticking it in the bank.

I agree with Francie. With such a short timeline a bank account (or prize bonds?) is the best option.