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corsa.in.boro

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Registered: 30th Aug 02
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8th May 06 at 20:32

Think its time to invest for the future, something that will grow over the years??

Any of you invest?

Robin

Premium Member

Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
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8th May 06 at 20:33

a decent ISA

corsa.in.boro

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Registered: 30th Aug 02
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8th May 06 at 20:33

whay kind of growth do they have?

Jamie Walby

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Registered: 15th Nov 04
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8th May 06 at 20:34

what Robin said, I have an Isa, and although it doesnt seem you ae putting much away, it soon builds up.

Just set up a direct debit for the 1st of every month perhaps.

I have one with Halifax and i get good interest!

corsa.in.boro

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Registered: 30th Aug 02
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8th May 06 at 20:35

what kind of interest

Jamie Walby

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Registered: 15th Nov 04
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8th May 06 at 20:36

people always ask me about it

not sure what the interest rate is but I got over £150 this year

Robin

Premium Member

Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
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8th May 06 at 20:38

for £50 a month you arent gonna get massive amounts of money coming in, but you can probably get 5% or thereabouts

have a look on the big banks/ building society websites, they all compete with eachother, so their rates get better

also, an ISA is safer than some other investments

JadeM

Premium Member

Registered: 9th Feb 06
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8th May 06 at 20:38

Pension...never too early to start one

SVM 286

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Registered: 13th Feb 05
Location: pain
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8th May 06 at 20:39

quote:
Originally posted by corsa.in.boro

Think its time to invest for the future, something that will grow over the years??

A lovely Beer belly.

Will need more than 50 quid a month though.

Ry_B

Banned

Registered: 1st Dec 05
Location: Solihull, W Mids Drives: 45BHP beast!
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8th May 06 at 20:39

Premium bonds? I know my parents seem to love them anyway.

Jamie Walby

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Registered: 15th Nov 04
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8th May 06 at 20:40

quote:
Originally posted by JadeM
Pension...never too early to start one

I have one of them too

Robbo

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Registered: 6th Aug 02
Location: London
User status: Offline

8th May 06 at 20:40

Pension, premium Bonds, Stockmarket

Robin

Premium Member

Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
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8th May 06 at 20:41

premium bonds are not guaranteed return on the investment. £50 a month isnt really enough for bonds anyway

Jamie Walby

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Registered: 15th Nov 04
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8th May 06 at 20:43

robbos an accuntant correct?

Jules S

Premium Member

Registered: 24th Dec 03
User status: Offline

8th May 06 at 20:43

quote:
Originally posted by JadeM
Pension...never too early to start one

A few (like 10-15) years ago i would have agreed with that, but to be honest throwing money at a pension before a house is plain daft IMO.

In 50 years time I can't see most people retiring full stop. My best guess is that folks will work as long as they can (doesn't bother me one bit) and when you can't work downsize the house and live off the profits until you snuff it

Jamie Walby

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Registered: 15th Nov 04
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8th May 06 at 20:44

I dont put my own money into my pension

it comes out my shops account weekly.

Robbo

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Registered: 6th Aug 02
Location: London
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8th May 06 at 20:46

quote:
Originally posted by Jules S

quote:
Originally posted by JadeM
Pension...never too early to start one

A few (like 10-15) years ago i would have agreed with that, but to be honest throwing money at a pension before a house is plain daft IMO.

In 50 years time I can't see most people retiring full stop. My best guess is that folks will work as long as they can (doesn't bother me one bit) and when you can't work downsize the house and live off the profits until you snuff it

Not really, one of my pensions has £4500 in it and grows ata rate of £500 every 6 mths as it is invested in good places, like to see you make £1k a yr in an ISa etc

Robin

Premium Member

Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline

8th May 06 at 20:46

accuntant Jamie?

he might be, i dont know.

Robbo

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Registered: 6th Aug 02
Location: London
User status: Offline

8th May 06 at 20:47

quote:
Originally posted by Jamie Walby
robbos an accuntant correct?

Yesh

Robbo

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Registered: 6th Aug 02
Location: London
User status: Offline

8th May 06 at 20:49

I pay 5% of my salary, approx £110, a mth into my pension (+ get tax benefits) an company pay in 15% of my salary so thats good ++ company share schemes are great... i pay £30 a mth into ours which usually buys me 1 share and the company give me 1 share for every 1 i buy so its vbasically free money

Jules S

Premium Member

Registered: 24th Dec 03
User status: Offline

8th May 06 at 20:58

Each to their own.

I undersand where you are coming from though

Personally I prefered to spend my money enjoying myself when i was younger, since the investment (even with interest) is going to be pretty insignificant in 50 years time.

I now find myself in a position where I earn substantially more than I can spend...and can invest at will.

Believe me im very happy I didn't spend my early years worrying about pensions and saving

Robbo

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Registered: 6th Aug 02
Location: London
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8th May 06 at 20:59

Think about property then

if you can geta nice buy to let... think about Glasgow and Belfast.. Glasgow likely to get Commonwealth gam,es so prospects there and Belfast getting a huge urban regeneratoin project!!

Jules S

Premium Member

Registered: 24th Dec 03
User status: Offline

8th May 06 at 21:07

quote:
Originally posted by Robbo
Think about property then if you can geta nice buy to let... think about Glasgow and Belfast.. Glasgow likely to get Commonwealth gam,es so prospects there and Belfast getting a huge urban regeneratoin project!!

Hmmmmm, better.

But I seriously fear that the Govt (whatever colour) is going to tax your lilly arse for buying to let in the future...

Prob tax anything and everything else though

Personally im going to buy somewhere abroad as a nest egg. Not infallable I know, but im going to kick my feet up in the sun, whilst living off the UK stuff.

I might add my game plan involves never being married and no kids though

Robbo

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Registered: 6th Aug 02
Location: London
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8th May 06 at 21:09

Perhaps think about less exotic places where tourism is increasing, places in Croatia for example...

Or theres always places like Cyprus, Turkey et al

Jules S

Premium Member

Registered: 24th Dec 03
User status: Offline

8th May 06 at 21:25

quote:
Originally posted by Robbo
Perhaps think about less exotic places where tourism is increasing, places in Croatia for example...

Or theres always places like Cyprus, Turkey et al

Exactomundo mate.

If its got a beach, a bar, and no chavs that will sort me out no problem

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