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15000 to invest
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# 1
android
Old 24-07-2007, 3:11 PM
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Join Date: Mar 2004
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Smile 15000 to invest

I am to be made redundant in 6 weeks time,i will get redundancy pay of 27500 .i am spending 12000 on a conservatory.500 to pay bills then the rest of the money to invest.i have a job sorted so i will stil be earning .come on please help
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# 2
boyse7en
Old 24-07-2007, 3:15 PM
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knock 12k off your mortgage, or if you haven't got one knock 12k off my mortgage
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# 3
dunstonh
Old 24-07-2007, 3:21 PM
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i wouldnt knock it off the mortgage but thats my preference.

Keep enough back for your emergency fund. Then decide how much you can put aside and for how long. If 5+ years, then look to ISA. If that is not likely to be an option, then stick with cash/deposit based products.
I am a Financial Adviser. Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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# 4
android
Old 24-07-2007, 4:12 PM
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Default 15 000

i already have 10000 in bank account now,just want to know how best to invest it???
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# 5
dunstonh
Old 24-07-2007, 4:44 PM
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There are about 20,000 areas you can invest in. Where is best will depend on your risk profile, tax position (both now and future), timescale, how and where you want to invest (if you have a preference), what sort of investments you want to use, what you particular investment strategy is etc.

So, not enough info to go on at this stage.
I am a Financial Adviser. Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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# 6
amcluesent
Old 24-07-2007, 6:58 PM
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Yep, mortgage or NS&I index-linked 3 years. I'm very bearish at the mo, everything looks like an asset bubble with inflation/stagflation hitting in 2008.
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# 7
thetrader
Old 05-01-2011, 4:24 PM
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Join Date: Jan 2011
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Solar Power!
It's the only way forward, giving you around 8%, index
linked, guaranteed by the government for 24 years, plus
free electricity. Oh, and its tax free.
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# 8
dunstonh
Old 05-01-2011, 4:50 PM
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I'm not sure if 42 months is a record for thread revival but it has to be up there.

I am a Financial Adviser. Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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# 9
mikey72
Old 05-01-2011, 5:03 PM
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It didn't go well, whatever it was.
Last post from the op two years later.

Quote:
Originally Posted by android View Post
i have abbey account to which i am overdrawn.they have reduced my overdraft limit,so now i have done overdrawn illegally.i really cannot get to my reduced limit at all.what can i do please help
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# 10
thetrader
Old 05-01-2011, 5:21 PM
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That's what happens when you neglect to look at the dates!!! Hands up, my fault!
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# 11
diable
Old 05-01-2011, 5:24 PM
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Quote:
Originally Posted by dunstonh View Post
I'm not sure if 42 months is a record for thread revival but it has to be up there.

Ha Ha classic.................

most probably invested all the cash in property.........
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# 12
Primrose
Old 05-01-2011, 5:26 PM
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Whoops - have deleted my post. I hadn't realised the time lag involved here.

Last edited by Primrose; 05-01-2011 at 7:46 PM.
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