Investment?

[Two Acres]

I wanted to keep some money back just incase owt goes bang e.g trick chipper

 

Thats an emergency pot rather than an investment pot I'd say. It means fast access is key so you can't tie up the cash long term. You may have to settle for the best interest rate you can find on a savings account. Alternatively an offset mortage could be just the thing if you're very financially disciplined, which it sounds like you are

[oldwoodcutter]

If his prudential return is above 500 per month im all ears;)

 

I started a prudential private pension in 1972,i remember the salesman telling me at the time that i could retire in luxury, which they started paying out to me last year.

It is so derisory that it isnt enough to keep my grandchildren in sweets for the month.

[Two Acres]

I started a prudential private pension in 1972,i remember the salesman telling me at the time that i could retire in luxury, which they started paying out to me last year.

It is so derisory that it isnt enough to keep my grandchildren in sweets for the month.

 

Could be worse - a mate of mine, and his wife, had pensions with Equitable Life ........

[Tree Lc]

I wouldn't invest such a lump in premium bonds as it you don't win, you get zero interest on your original investment.

Why not invest in ISA's and look at other interest accounts, I believe there are some at 5% if you look around.

Of course you could do as a friend of mine is doing and invest £30,000 in a buy to let property and obtain a greater return that way.

Tree LC

Tree specialist Horsham

[hamdogg]

I wouldn't invest such a lump in premium bonds as it you don't win, you get zero interest on your original investment.

 

Why not invest in ISA's and look at other interest accounts, I believe there are some at 5% if you look around.

 

Of course you could do as a friend of mine is doing and invest £30,000 in a buy to let property and obtain a greater return that way.

 

Tree LC

 

Tree specialist Horsham

 

 

5%??? Really

[eggsarascal]

5%??? Really

 

If there are I can't find them.

[hamdogg]

If there are I can't find them.

 

 

That's what I thought!!!

[Tree Lc]

I haven't really checked accurately, it's roughly what I thought, here is a link showing a 6% and some 4%

Regular savings accounts: 6% online - MoneySavingExpert

 

Tree LC

[spudulike]

Forget cash ISAs, they are for old people as they are very low risk and with low risk, you get low returns.

 

ISAs are great investments, they started as PEPS in Maggies day and then changed. They were a way of getting normal bods to invest in UK companies and support the home markets.

 

They have relaxed the ISA criteria and you can now invest in a number of funds in different countries.

 

Investing a lump in UK companies - large to mid in times of difficulty, small to mid in growing markets is a good first step.

 

I have seen 20-30% in a year before, don't expect this every year but once in a while, typically after a few years of flat growth, the markets soar and that is where you make the money.

 

Just google the best performing ISA - Isa fund tips: best UK growth funds - Telegraph

 

Gives you a flavour - it is a waiting game and should be viewed as a 10 year + investment and not a dip in and out type scheme.

 

The only issue is that we have had a couple years of fantastic growth in the UK and US stock markets, let the markets drop and then buy or do a regular drip feed...or both!

 

Oh yes - the gains are tax free.....did I mention that:sneaky2:

[TTS North]

Invest it in your own education and training. Best return you'll ever get. Unlike most other investments, an education is the one thing you can never lose and no-one can ever take from you.