I will be receiving money from a motorbike accident that happend in november 2007 in ~3 weeks time, I will be "treating" myself/my gf and my family with a few thousand as i've been in pain everyday since my accident and my family/gf have helped a lot.
I'm currently unemployed and renting a flat with my girl friend who is at uni, I could live on the money for a long time but my plan is to get a full time job that covers the bills and save the money for a house/mortgage, is the best idea or should I get into the property ladder asap?
I will be looking to save around £100k and I don't think I will need instant access so would an ISA be the best option for a some of that money. What do you recommend I do with the rest?
My dad is very keen on shares as he thinks if you sell them at the right time you can normally make the equivalent of 6% interest. I am not too sure though, i'd rather not take a risk of losing any of the money as it will help a lot when it comes to settling down somewhere once my gf finishes uni.
My mum raves about premium bonds, are they worth looking into and if so how much would you put into premium bonds?
I'm reluctant to talk to a financial advisor as I know they will take a huge commission.
So far people on MSE have recommended going for "Index-linked Savings Certificates"(http://www.nsandi.com/products/ilsc) but from what i've read I won't be able to put the entire amount into them. What do you recommend I do with the rest?
Any help would be appreciated.