Hi All,
I have my emergency fund (3 months ~10k) completed. On top of that I have another 10k sitting.
I'm wondering whether it's best to move this ~20k (or most, and keeping 1/2 months emergency in savings still) into a SS ISA (which I currently have with 4k in). Worth noting this is split into 2 ISAs - my wife's & I so we'd be under the annual threshold.
We're contributing £500pm each pa - so I could just top up our ISAs with whatever amount would get us to/or closest to our ISA threshold.
That said, it feels a 'good' time to invest as we're seeing some growth on our existing ISA investments (VWRP LSE (not crazy gains, but like £100 in unrealised gains - which is what we're getting in interest monthly on our 20k in savings.
I say all of this to say, does it just feel convienient to invest now - considering the market seems to be on an upturn (which I know isn't necessarily a good thing, considering we'd be buying at an 'inflated' cost).
Anyway, if you can't tell. Wrestling with a great deal of decision/analysis paralysis.
I'd appreciate any thoughts!