elfoolio wrote:Hello, I'm semi-literate at investing and looking to learn more here. Thanks to the guys running the site, there's a superabundance of things to read about here.
One specific thing I'm wondering is, what to do with the proceeds of a house sale if I have a gap between selling and buying (say six months or so)? I guess nothing is guaranteed to stay with inflation but what sort of options are the least bad? If there's another forum that's better to ask on, let me know! Thanks!
You have 6-month fixed rate savings bonds at 1.75%. 9 months at 2.0% https://www.youinvest.co.uk/cash-savings#list
Variable at 1.35% https://monzo.com/features/savings/
I guess it all depends on the context and your own circumstances. With inflation anywhere between 10 and 12%, those rates are peanuts any way.
Maybe stick some in savings and spend some on expensive stuff for the new house now, before inflation gets to work?