ed
Member
Registered: 10th Sep 03
User status: Offline
|
I have just inhereted a decent ammount of money from a reletive. Though I get the impression it would be stupid to spend it on finishing my car off  
Could anyone recomend a good way of investing it. I have an ISA, but I would rather not put it in there as the returns are pretty small. I was thinking premium bonds?
|
gianluigi
Member
Registered: 9th Mar 05
Location: Ipswich, Suffolk
User status: Offline
|
Bonds are a lottery. Buy and sell shares, in the london stock exchange, buy low, sell high.
|
Jules
Member
Registered: 26th Nov 04
Location: Ipswich, Suffolk Status: Happy
User status: Offline
|
Premium Bonds as it's a no risk investment, the worst you'll do is get back what you put in - you can't lose anything but the chances are you will win money - correct me if I'm wrong but I read somewhere a while ago that premium bonds have the best return of all saving accounts/ISA's etc etc
EDIT: If it was my money I'd put them in bonds.
[Edited on 03-05-2006 by Jules]
|
Pablo
Member
Registered: 3rd Feb 03
Location: Milton Keynes
User status: Offline
|
online savings account! then u can watch it grooooooooooooooooooooow
|
Deano_sxi
Banned
Registered: 10th Apr 05
User status: Offline
|
buy property
|
ed
Member
Registered: 10th Sep 03
User status: Offline
|
quote:
Originally posted by Jules
Premium Bonds as it's a no risk investment, the worst you'll do is get back what you put in - you can't lose anything but the chances are you will win money - correct me if I'm wrong but I read somewhere a while ago that premium bonds have the best return of all saving accounts/ISA's etc etc
EDIT: If it was my money I'd put them in bonds.
[Edited on 03-05-2006 by Jules]
I thought that. I know that I could get nothing back, but then I could also get £1,000,000 back. Not sure how to calculate the interest on the ISA's, but I know it wouldn't be worth much for the ammount I would be investing.
|
ed
Member
Registered: 10th Sep 03
User status: Offline
|
quote:
Originally posted by Deano_sxi
buy property
I haven't got that much
|
psycho sport
Member
Registered: 27th Mar 03
Location: Guildford Surrey Drives: Vauxhall Monaro
User status: Offline
|
I would say premium bonds aswell, stock market is not for people who dont know what they are doing! risk is high and returns tend to be low.
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
your asking off day where to invest your money...you do want to make money on it right?
Get intouch with an independant financial advisor, they'll give you the best info.
|
ssj_kakarot
Member
Registered: 29th Apr 03
Location: hartlepool
User status: Offline
|
depends how much money you have, if its not to much best in premium bonds as you wont lose anything and may win something.
if its a lot more could stick it in intrest bonds which pay a set ammount every month based on intrest.
as some one mentioned property but its obviously risky
or a high intrest savings account im sure theres one kicking about thats 9% for the first year or something.
OR best idea yet spend it all on scratch cards.
|
ed
Member
Registered: 10th Sep 03
User status: Offline
|
I don't think I would go into the stock market... Too much work, not enough time.
|
Deano_sxi
Banned
Registered: 10th Apr 05
User status: Offline
|
quote:
Originally posted by ed
quote:
Originally posted by Deano_sxi
buy property
I haven't got that much
off to the bookies for you then
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
the majority of people who keep a stock portfolio dont look after it day to day. They just put a stock broker incharge and they'll advise you when to change and what he thinks to. Thats what my dad does.
|
gianluigi
Member
Registered: 9th Mar 05
Location: Ipswich, Suffolk
User status: Offline
|
did you have to pay inherritance tax?
|
gianluigi
Member
Registered: 9th Mar 05
Location: Ipswich, Suffolk
User status: Offline
|
quote:
Originally posted by Cosmo
the majority of people who keep a stock portfolio dont look after it day to day. They just put a stock broker incharge and they'll advise you when to change and what he thinks to. Thats what my dad does.
i own a 1980's style stipey shirt....i call it my stock broker shirt 
|
Deano_sxi
Banned
Registered: 10th Apr 05
User status: Offline
|
quote:
Originally posted by gianluigi
quote:
Originally posted by Cosmo
the majority of people who keep a stock portfolio dont look after it day to day. They just put a stock broker incharge and they'll advise you when to change and what he thinks to. Thats what my dad does.
i own a 1980's style stipey shirt....i call it my stock broker shirt
your an idiot jose
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
quote:
Originally posted by gianluigi
did you have to pay inherritance tax?
everyone does is the estate is worth more than £285k, his share obviously isnt this much (as not enough to buy property) but it all together might be if it included a house!
|
ed
Member
Registered: 10th Sep 03
User status: Offline
|
It's £1k so not a lot for investing, hence the reason for asking peoples opinions on things likr premium bonds. I think I might give them a go for a year or so and see if I like it... Who knows.
|
Matt H
Member
Registered: 11th Sep 01
Location: South Yorkshire
User status: Offline
|
Just get drunk Ed 
|
dna23
Member
Registered: 1st Nov 04
Location: Northamptonshire
User status: Offline
|
depends how much your willing to risk. you could either play safe and go with a low risk investment option which is likely to yield little returns...
or you could play it a bit risky, go high risk and effectively yield a lot more in return (but also risk a lot more)!
So the question is are you willing to lose the money or do you want a safe option?
If it's safe invest in Gold maybe or put it into property or bonds.
As Cosmo said, your best off finding a financial advisor who will know whats best in terms of the money you have, timescale and various other things 
|
--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
|
@ Luigi. Stock market is a little more complicated than that mate.
Depends how much you have really. I would seriously consider opening up on of them Barclays 10% interest accounts. Think the maximum you can put in is £2000. At the end of the year you have £2200. Rinse and repeat. Might be worth looking into.
Otherwise I would suggest Premium bonds
|
Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
|
Bonds, but your best bet is to ask a financial advisor instead of a bunch of pre pubescent fannies on an internet site
boom boom
 
|
JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
|
quote:
Originally posted by Matt H
Just get drunk Ed
Strippers
|
vibrio
Banned
Registered: 28th Feb 01
Location: POAH
User status: Offline
|
how much have you got
|
Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
|
I got £200 intrest on my ISA 
|
