Investing in something...
Discussion
Evening all,
In the next month or so, I will have an amount that could be from £14000 to £19000 put into my account as inheritance from my Great Uncle.
I am wanting to invest this in something that could make me some money, but I could get the minimum amount I put in back, should I need it. Is there any suggestions that you chaps have, or am I best to go and buy a load of premium bonds in the hope that I win something?!
I'm looking for something that is low-risk, but may give me a decent return over the course of say, a year. I do understand that low-risk is not generally going to give any massive returns, but even if it could earn £1000 or so over a year, then that would be good. I may have over exaggerated the £1000 over a year, but there must be something that will give a return.
In the next month or so, I will have an amount that could be from £14000 to £19000 put into my account as inheritance from my Great Uncle.
I am wanting to invest this in something that could make me some money, but I could get the minimum amount I put in back, should I need it. Is there any suggestions that you chaps have, or am I best to go and buy a load of premium bonds in the hope that I win something?!
I'm looking for something that is low-risk, but may give me a decent return over the course of say, a year. I do understand that low-risk is not generally going to give any massive returns, but even if it could earn £1000 or so over a year, then that would be good. I may have over exaggerated the £1000 over a year, but there must be something that will give a return.
expensivegarms said:
Evening all,
In the next month or so, I will have an amount that could be from £14000 to £19000 put into my account as inheritance from my Great Uncle.
I am wanting to invest this in something that could make me some money, but I could get the minimum amount I put in back, should I need it. Is there any suggestions that you chaps have, or am I best to go and buy a load of premium bonds in the hope that I win something?!
I'm looking for something that is low-risk, but may give me a decent return over the course of say, a year. I do understand that low-risk is not generally going to give any massive returns, but even if it could earn £1000 or so over a year, then that would be good. I may have over exaggerated the £1000 over a year, but there must be something that will give a return.
If you can find something low risk that will return 14% - 19%, or even half off that let me know. In the next month or so, I will have an amount that could be from £14000 to £19000 put into my account as inheritance from my Great Uncle.
I am wanting to invest this in something that could make me some money, but I could get the minimum amount I put in back, should I need it. Is there any suggestions that you chaps have, or am I best to go and buy a load of premium bonds in the hope that I win something?!
I'm looking for something that is low-risk, but may give me a decent return over the course of say, a year. I do understand that low-risk is not generally going to give any massive returns, but even if it could earn £1000 or so over a year, then that would be good. I may have over exaggerated the £1000 over a year, but there must be something that will give a return.
Had timing been on your side something like a Tesco bond (over subscribed and now closed) which was 5% a year (£950 for your £19k)
If you are willing to take some risk then perhaps a ftse tracker...returns for the virgin bond and gilt over the last 5 years
30/06/2007 to 30/06/2008 1.1%
30/06/2008 to 30/06/2009 4.3%
30/06/2009 to 30/06/2010 9.5%
30/06/2010 to 30/06/2011 3.1%
30/06/2011 to 30/06/2012 9.9%
If you are willing to take some risk then perhaps a ftse tracker...returns for the virgin bond and gilt over the last 5 years
30/06/2007 to 30/06/2008 1.1%
30/06/2008 to 30/06/2009 4.3%
30/06/2009 to 30/06/2010 9.5%
30/06/2010 to 30/06/2011 3.1%
30/06/2011 to 30/06/2012 9.9%
expensivegarms said:
Evening all,
In the next month or so, I will have an amount that could be from £14000 to £19000 put into my account as inheritance from my Great Uncle.
I am wanting to invest this in something that could make me some money, but I could get the minimum amount I put in back, should I need it. Is there any suggestions that you chaps have, or am I best to go and buy a load of premium bonds in the hope that I win something?!
I'm looking for something that is low-risk, but may give me a decent return over the course of say, a year. I do understand that low-risk is not generally going to give any massive returns, but even if it could earn £1000 or so over a year, then that would be good. I may have over exaggerated the £1000 over a year, but there must be something that will give a return.
There's a number of financial products available with a capital guarantee option - in other words, your original investment amount is guaranteed. Suggest you speak with an independent financial adviser (see unbiaised.co.uk) and you will need to pay a fee for the services. In the next month or so, I will have an amount that could be from £14000 to £19000 put into my account as inheritance from my Great Uncle.
I am wanting to invest this in something that could make me some money, but I could get the minimum amount I put in back, should I need it. Is there any suggestions that you chaps have, or am I best to go and buy a load of premium bonds in the hope that I win something?!
I'm looking for something that is low-risk, but may give me a decent return over the course of say, a year. I do understand that low-risk is not generally going to give any massive returns, but even if it could earn £1000 or so over a year, then that would be good. I may have over exaggerated the £1000 over a year, but there must be something that will give a return.
Edinburger said:
There's a number of financial products available with a capital guarantee option - in other words, your original investment amount is guaranteed. Suggest you speak with an independent financial adviser (see unbiaised.co.uk) and you will need to pay a fee for the services.
Brilliant, thanks very much for that. I shall get in contact with a few local ones tomorrow!What does everyone else do for investments, if it's not being too nosey, and what have come of your decisions, good and bad?
You can invest in a cash ISA, which will give you tax free interest and is near zero risk, you might be able to squeeze 4% if you shop around. Problem is you can only invest £5760 in a financial year. So you need your inheritance soon, so you can invest before April 4th and again after, that will get rid of about £12K.
Premium bonds don't return much more than 1% on average.
Premium bonds don't return much more than 1% on average.
Turbodiesel1690 said:
Buy shares in Taylor Wimpey if you want a decent return in 12 months, they're currently 73p each. I'm up nearly 40% since early/mid last year. Please note this does not constitute advice, always do your own research before dealing in shares
At the current sp I personally think that boat has been missed for large growth. Dividends on the other hand are what I'd be looking at. Find a good solid share with a good div history and the compounded interest will add up nicely over the years also with the potential of sp increase. OP. do some research if you're thinking of investing. Read up all you can on any company and split your money into a good diverse portfolio. You don't have to go mental with 15 different shares. 5 or 6 would be good with maybe an index fund thrown in there too. Invesco High Income accumulator is quite a popular pick although I'm betting it with my own shares picks at the moment.
You'll get next to nothing in a savings account. If you're willing to invest time into this you could do well for yourself. Go into it half hearted and you can get bitten.
I didn't notice the maths was wrong either! I'm a bit embarrassed! I suppose it's a bit of a tricky one, invest in something risky and potentially lose it all or do very well out of it, or play it safe and definitely not make a lot on it! Definitely need to look more in depth in good ways of investing it. Anyone a financial advisor?!
If you want a no risk investment, remember you could use your isa limit for this year now, and then use next years in april, im guessing 3% should be easy to achieve, possibly more for a 90 day notice account.
The risky option would be a stocks and shares isa, as thats £11k per year you could get everything in, however remember the old saying "the only way to make a small fortune on the stock market is to start with a large one"
Ive managed a decent return, but its hard and risky as hmv/jjb/game shareholders will agree.
The risky option would be a stocks and shares isa, as thats £11k per year you could get everything in, however remember the old saying "the only way to make a small fortune on the stock market is to start with a large one"
Ive managed a decent return, but its hard and risky as hmv/jjb/game shareholders will agree.
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