how to invest £15-20k

[ofcorsa]

Due to circumstances im selling my house and relocating for my fiances job, After our holiday and few other treats il have about 15-20k to "save" probably towards a deposit when we buy again.

What are my options?

[mxdi]

www.pistonheads.co.uk/gassing/topic.asp?t=160996&f=141&h=0

[danhay]

In answer to both threads...

www.zopa.com/ZopaWeb/

I haven't tried it, but it sounds reasonable?

[Size Nine Elm]

I've got this project which is guarranteed to make money, unfortunately I can't tell you about it, but the returns will be great - its to do with small-scale fluid inflation in the antipodean Pacific...

[ofcorsa]

Size Nine Elm said:

I've got this project which is guarranteed to make money, unfortunately I can't tell you about it, but the returns will be great - its to do with small-scale fluid inflation in the antipodean Pacific...

well your suggestion is just above the zopa site for now

was just gonna stick it in a high interest account but just wondered wat was open.

keep ideas coming though

thanks

[Pies]

If its short term why not buy premium bonds

[ofcorsa]

ooh pies that was one of our ideas too, the chance of winning is nice but would we not be loosing out on interest if we left it for up to 18 months?

[Pies]

If you invest for 18 months 5% gets you £1k

The odds in premium bonds are pretty good if you buy the max, yep you might lose interest but you could win £1m.I'll dig out some stats

[Pies]

With £30,000 you can expect 15 prizes a year though most will be £50

The amount of money used to determine the total amount of prizes is currently equivalent 4.25% a year interest.


All winnings are tax free

[ofcorsa]

tax free eh? well that may of swung it, thanks for the numbers

[Size Nine Elm]

Pies said:

With £30,000 you can expect 15 prizes a year though most will be £50 The amount of money used to determine the total amount of prizes is currently equivalent 4.25% a year interest. All winnings are tax free

Note that a substantial proportion of that 4.25% goes to the large (£1m) winners - overall it might be 4.25%, but your expected winnings will be much less.

[srebbe64]

ofcorsa said:

Due to circumstances im selling my house and relocating for my fiances job, After our holiday and few other treats il have about 15-20k to "save" probably towards a deposit when we buy again. What are my options?

Buy a TVR Griff - they're beginning to get "classic" status. Okay, it won;t go up in value but you could have some real fun for a few months and it'll only cost you a few quid depreciation.

[Pies]

Size Nine Elm said:

Pies said: With £30,000 you can expect 15 prizes a year though most will be £50 The amount of money used to determine the total amount of prizes is currently equivalent 4.25% a year interest. All winnings are tax free Note that a substantial proportion of that 4.25% goes to the large (£1m) winners - overall it might be 4.25%, but your expected winnings will be much less.

£18k in a bank account over 18 months at 5% gross would get about £1k (if my sums are correct of which there is no guarantee )

£18k in PB IF you get the number expected winnings of 13 all being the lowest payout of £50,would get you net £650.Obviously there is NO guarantee ANY of your numbers come up.But there is the chance you could win more.

You pays your money you takes your chance,but your capital is secure