If you had £25k...
Discussion
Postage stamps. They go up April 1st. A roll of 10000 stamps is now £3900, willl be £4100 1/4/10.
Buy £25K worth of 1st class at the curent price, and sell them on when the price has gone up. We are still using stamps I bought when a 1st class was 30p (now 39p) and going up to 41p on 1/4/10 (a gain of 5.13% day 1).
I obviously have no idea how to sell them at 41p.
Buy £25K worth of 1st class at the curent price, and sell them on when the price has gone up. We are still using stamps I bought when a 1st class was 30p (now 39p) and going up to 41p on 1/4/10 (a gain of 5.13% day 1).
I obviously have no idea how to sell them at 41p.
depends how long for ...if its under a year, which is around £600 interest in the bank, Id put them in premium bonds too, and gamble the £600 interest....look at it like putting a tenner every week on the lottery for free, with worse odds of a big one....chances are you should win a few £25 or £50 as a minimum
you cant win a big one, if you dont have any after all ......
I always have some, have won £50 a few time, but I have friends that have won £50K, £100K, and £10K in the last 5 years on them ...some of them with far less money in them than myself
..its just luck after all......
..and when you do get that envelope through with the postmark on it you get to feel like Charlie in the Chocolate factory opening it up ...much more fun than £600 of interest for a year LOL
you cant win a big one, if you dont have any after all ......
I always have some, have won £50 a few time, but I have friends that have won £50K, £100K, and £10K in the last 5 years on them ...some of them with far less money in them than myself
..its just luck after all......
..and when you do get that envelope through with the postmark on it you get to feel like Charlie in the Chocolate factory opening it up ...much more fun than £600 of interest for a year LOL
swerni said:
Ash 996 GT2 said:
birdcage said:
Premium bonds, if you aren't fussed about possibly not getting a stunning return but need it to be safe, you might win a million..
Bingo, currently returning 3%, not bad and the money is safe.They seem to "adjust" the payout to under half of what the banks pay.
Yes, you could win the £1M but you could win more than that for £1 IF you are lucky.
of course its luck 
if you want more risk, go in a casino and stick it on red, if you want less risk, leave it where it is on a 2.5% cash ISA
and with hindsight, of course you can get a much better return on xxx stock if you know which way its going
if you just want to have a bit of fun with the interest from your cash for 3, 6 or 12 months then it dosent really matter, as I cant think of any safe bets that will give you high returns in short time periods (please tell me if you know of any!)
if you want to GROW your money in a long term investment for 30 years, then premium bonds are not the answer.....simple as that really isnt it...after all, you dont read of the minority whove had £5K or £50K cheques drop through the post complaining, just the rest of us whove never had more than £50
if you want more risk, go in a casino and stick it on red, if you want less risk, leave it where it is on a 2.5% cash ISA
and with hindsight, of course you can get a much better return on xxx stock if you know which way its going
if you just want to have a bit of fun with the interest from your cash for 3, 6 or 12 months then it dosent really matter, as I cant think of any safe bets that will give you high returns in short time periods (please tell me if you know of any!)
if you want to GROW your money in a long term investment for 30 years, then premium bonds are not the answer.....simple as that really isnt it...after all, you dont read of the minority whove had £5K or £50K cheques drop through the post complaining, just the rest of us whove never had more than £50
swerni said:
Ash 996 GT2 said:
birdcage said:
Premium bonds, if you aren't fussed about possibly not getting a stunning return but need it to be safe, you might win a million..
Bingo, currently returning 3%, not bad and the money is safe.Put some of it into shares in RBS, I would if I had the money, 6 months ago the shares were at 19p each, now they are about 44p ish each, so over doubled in 6 months, sure they fluctuate massively throughout the day and over a few days, but they are on the up and soon they will boom. You dont have to listen but think if they do the same in the next 6 months 10k could become 20k
Hope this helps.
J
Hope this helps.
J
I can't remember the figures exactly but Barclays, which weren't hit by the credit crunch particularly, but had their shares hit by the general bank backlash. Shares dropped to 30p and then bounced back to £1.70 (again, not the actual figs). One investor bought £100K at the low point. Nice money, think he made £400K in 6 weeks doing nothing!!
Frimley111R said:
I can't remember the figures exactly but Barclays, which weren't hit by the credit crunch particularly, but had their shares hit by the general bank backlash. Shares dropped to 30p and then bounced back to £1.70 (again, not the actual figs). One investor bought £100K at the low point. Nice money, think he made £400K in 6 weeks doing nothing!!
A banker friend of mine put his joining-on bonus from his new employer ( £160K) and redundancy payment (a similar amount) from the previous employer into RBS when they were at the bottom. It did all feel a bit perverse that he made money from a crisis he helped to create but he did buy me a beer.
A lot of people have made and lost a lot money recently investing in equities because of the recent downturn. Some were unlucky, some were lucky and some new what they were doing. The lucky ones who bought cheap and sold higher are soon going to realise that if they carry on trading with that strategy they will get burnt.
If you want risk free don't invest shares.
If you want risk free don't invest shares.
stneville said:
A lot of people have made and lost a lot money recently investing in equities because of the recent downturn. Some were unlucky, some were lucky and some new what they were doing. The lucky ones who bought cheap and sold higher are soon going to realise that if they carry on trading with that strategy they will get burnt.
If you want risk free don't invest shares.
Yep.If you want risk free don't invest shares.
Ash 996 GT2 said:
Bingo, currently returning 3%, not bad and the money is safe.
Yeah, except the average return on premium bonds is currently 1.5% and the chances of a £1 bond winning a prize is 24000:1. I can never understand why people hold premium bonds, Stick it in a decent saving account and get better interest, using £1 per week of the interest to play the Lottery. Alternatively, invest it into some more exciting areas and make some proper returns (providing you have the time and appetite for risk).Gassing Station | Business | Top of Page | What's New | My Stuff