Spare money

[Sir peace frog]

Get on united to win the league, if we fuck up you'll be laughing, win win

 

[117 M34]

How long until you will need to spend it?

 

[Magicpole]

Does anyone have a financial background that might be able to advise me what to do with a chunk of money? Got about £20k that I need to put a side but the banks interest rates are pitiful at the moment.

Any ideas where best to park it?

I hate to say it, but purely on return, investing a chunk of it in Amazon is a good bet. Shares have increased four fold in the last six years and continued growth 8s almost certain. Notice I say almost no investment is fullproof.

Failing that, could I interest you in funding my Magic Beans, venture. Growth through the roof, golden geese a cert and running from a giant to keep you fit. What more do you want? PM me and we will get this show on the road.

 

[BerkshireBlue]

Premium bonds, decent return ( they reckon 1.5% ), possibilty of the biggy, easily accessible. Ideal and easy to stash it there whilst looking for something better, if indeed there is at the moment.

used to be but it was slashed in December

 

[sir baconface]

My stock reply: whisky and women.

Beats 0.00006% in the Cotswold & Didsbury 30-day access account.

 

[SWP's back]

Premium bonds, decent return ( they reckon 1.5% ), possibilty of the biggy, easily accessible. Ideal and easy to stash it there whilst looking for something better, if indeed there is at the moment.

It’s 1.5% across the population of premium bonds and given some people win £1m, that means the average distribution is hugely below CPI/RPI.

There will always be the odd person that gets lucky and makes more than inflation but the vast majority won’t. No serious investor ever says “yeah premium bonds are good”.

How long are you wanting to put the money to one side? If it’s under 3-5 years then do a cash isa in a term deposit with a bank and you’ll make around about inflation. If longer then go for an equity ISA and a nice balanced portfolio and you should do 5-9% pa. Vanguard Lifestyle 60:40 fund is dirt cheap and has done very well.

 

[dickie davies]

Spread it about the places suggested , include biscuit tin, shoe box, under floorboards

 

[Eccles Blue]

Please understand that I am not complaining here but this is a true story:

On the week that Premium Bonds were first introduced 65 years ago I bought one..... I have never won a penny on it... was it a good investment for me!! :-)

I bought some for my children as they were growing up and my daughter won £50.

I know if I had bought more I might have won something but hey ho. It makes people laugh when I tell them. It makes me laugh as well because I could have cashed it in and tried again but what's the point? :-)

 

[Two Gun Bob]

Please understand that I am not complaining here but this is a true story:

On the week that Premium Bonds were first introduced 65 years ago I bought one..... I have never won a penny on it... was it a good investment for me!! :-)

I bought some for my children as they were growing up and my daughter won £50.

I know if I had bought more I might have won something but hey ho. It makes people laugh when I tell them. It makes me laugh as well because I could have cashed it in and tried again but what's the point? :-)

The fun that pound has given with a faint sniff of hope. Is your number still in the draw?

 

[Del_Bosque]

Buy to let property, if you can be arsed with the hassle of renting to low income families etc nothing else really comes close to the returns