allza
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Registered: 14th Jun 04
User status: Offline
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Basically as the title says really. I have got some money, about £15k to invest in something but dont really know what to do with it. There is nothing i really need the money for so any ideas of what people of done before or are currently investing in? Obviously there is no easy way to make money quickly or easily otherwise every one would be doing it but would like to do something other than just sit it in a bank. Anyone made any money from good investments? Shares are an idea but not really clued up enough to trust my judgement, especially in this finacial climate! Any ideas people?
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Matt L
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Registered: 17th Apr 06
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[cs reply] transfer it into my bacnk account and it will be spent wisely [/cs reply]
in all honesty atm i dont think id do shares unless its in some petrol company  (just my opinion though)
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JonnyJ
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Registered: 23rd Sep 05
Location: Scotchland
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Put it all on red 
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MJFF88
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Registered: 30th Apr 08
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You in your own house? That would be my obvious choice!
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Robbo
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Registered: 6th Aug 02
Location: London
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GOLD
shares are unsafe
property is unsafe
banks are unsafe/unprofitable
Gold is your best bet 
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allza
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Registered: 14th Jun 04
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Not in my own house but dont really want the commitment of a house just yet. And mortgage payments would wipe me out i think!
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Joe
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Registered: 20th Jun 04
Location: Hesketh Bank, Lancashire
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May sound kind of obvious, but just bank it. Its not really the time to be fucking about with money, especially if you have to ask on CS what to do with it.
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Robbo
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Registered: 6th Aug 02
Location: London
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Banks arent even safe at the mo tbh
GOLD is your best bet, safest thign out there bar NONE (get it?)
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Joe
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Registered: 20th Jun 04
Location: Hesketh Bank, Lancashire
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Gota be the safest option though?
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Robbo
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Registered: 6th Aug 02
Location: London
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Gold is safer than a bank
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Hammer
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Registered: 11th Feb 04
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Pay off a chunk of your mortgage or if you haven't got one use it as a deposit for a house.
Some thing's mean more than pounds, shillings and pence. A roof over your head for example.
Failing that do what Robbo did and convert it into pound coins and keep it in your vault to go swimming in.
[Edited on 02-12-2008 by Hammer]
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Joe
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Registered: 20th Jun 04
Location: Hesketh Bank, Lancashire
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Where would you put the gold though Robert?
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BluKoo
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Registered: 8th Apr 02
Location: Stonehaven (Scotland)
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I trust http://www.avaloninvestment.com/ with a lot of my money.
Can't remember what i'm invested in, but it normally does alright
I could tell you if i looked at my portfolio.
I lost about 5k (i think) this last quarter due to the 'credit crunch', but i'm still up a lot from the original investment.
Way better returns than i'd see from a bank.
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James
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Registered: 1st Jun 02
Location: Surrey
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quote:
Originally posted by Robbo
Gold is safer than a bank
Actually it's not. Bank deposits are covered up to £50k by the government. Theoretically gold could crash.
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205tom
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Registered: 1st Mar 06
Location: leigh nr wigan
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hasnt gold come down in price per ounce in the last 6 months?
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Robbo
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Registered: 6th Aug 02
Location: London
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quote:
Originally posted by James
quote:
Originally posted by Robbo
Gold is safer than a bank
Actually it's not. Bank deposits are covered up to £50k by the government. Theoretically gold could crash.
Yeah theoretuically, it wont though, esp not in the current climate 
Joe - you go through a company, ie you pay them and they alocate u some gold in a vault somewhere
bare in mind also that int rates are pathetically low right now
205tom, yes because they were massively high due to uncertainties in oil etc, they are relatively settled now tho
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Robbo
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Registered: 6th Aug 02
Location: London
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quote:
Originally posted by James
quote:
Originally posted by Robbo
Gold is safer than a bank
Actually it's not. Bank deposits are covered up to £50k by the government. Theoretically gold could crash.
PS Icesave  Could happen at anytime and u cud lose out if u didnt do ur homework
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Colin
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Registered: 4th Apr 02
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Great time to buy a house if you've got some cash to put down & can get a mortgage. Things should pick up again....it always has!!
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Bart
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Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
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quote:
Originally posted by Colin
Great time to buy a house if you've got some cash to put down & can get a mortgage. Things should pick up again....it always has!!
Agreed.
Building Societies with high interest rates if not. Building societies are safe because they are restricted on the amount they can loan out, they are restricted to 82% of the money they have invested within themselves unlikes banks which is why they have gone under.
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Colin
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Registered: 4th Apr 02
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Gold was the thing 3-4 years ago (around the time just after Gordy Brown sold all of the UK treasurys holdings) but now everyones getting into it so its not as lucrative as it was.
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Robbo
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Registered: 6th Aug 02
Location: London
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Yes but Gold is solid and is likely to give at least some return, whereas there is some risk in banks and the returns are poor!
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charlessurr
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Registered: 15th May 05
Location: Sheffield
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Buy 15k of premium bonds. Its 100% safe, yes you might not see a return, but with that amount, if you were one of the lucky ones youd be in for a nice windfall!
Otherwise I would open a couple 7K (2year term) ISAs and whack it in there.
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by Robbo
Yes but Gold is solid
Yes its a bloody good conductor too
I get what you mean, golds an option...a good one, although you dont know how prices of gold will go with the worldwide recession, if no ones buying the stuff then it could all go to faff, then your left with a few grams of shiny stuff. Ive always thought of a property to be a sound investment as anything else & even more so if its your sole property - ie your home. You can live in it, enjoy your freedom & move with the market instead of against it, if the arse falls out of it for a while just hold on, you'll always need a roof over your head & so long as you can keep paying the monthly payments your ok.
Just my tup'ence thrown in
[Edited on 02-12-2008 by Colin]
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by charlessurr
Buy 15k of premium bonds. Its 100% safe, yes you might not see a return, but with that amount, if you were one of the lucky ones youd be in for a nice windfall!
Otherwise I would open a couple 7K (2year term) ISAs and whack it in there.
Thats always an idea you cound invest 3600 now & 3600 on 7th April & stick the rest on PB's! Both you can get almost instant access too aswell uncase you need to spend.
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