Best place for large sum of money?

Jonbvn

SilverStandard wrote: »

Silver bullion.

The best investment for large or small amounts.

Again very risky and irresponsible advice.

The main issue that the OP is looking for is capital preservation.

Consider the nationalised banks (Northern Rock) or NS&I for 100% protection of the complete amount.

cashbackproblems

xathras wrote: »

Hi Jude,
A good way to make a good investment at the moment is with stocks. The prices of shares is low is the current climate and the only way is up.

Two years ago i was in debt, now i've paid of my debt and have 10 grand saved up, ya me. Shares didn't clear my debt, following advise on her did!!!

I started off with 2k and bought in with Llyods, sounds like a risk, but the biggest loss of share value is the banks. I bought in around 50p and the shares have done nothing but rise, the current price of the share is 109.17p

I've managed to pay it well by Day trading and gaining a good tidy profit daily by keeping up with current affairs.

Shares does sound like a risk, but there are many tools provided by your broker to minimise risk e.g. sell your shares automatically at a certain price.

I set mine to sell at 10-15% is they plumit, considering i am up 69p per share, a loss of 10p from its current value is still a profit to me.

This has worked for me, i recommend you read up first before taking the plunge.

All the best

I fully agree with the above sentiments! Beaware there are a lot of people on this board who just want to to save money in a nice safe bank (which is fine) and the word shares to them portrays the worse case scenario i.e. shares losing value, when in fact the majority benefit not through others losing out but company growth/profits and dividends. I also bought into Lloyds but at 72p however am still making a 30% profit in the space of a few months and it is a long term buy, during 2011 they should even be paying dividends so increase in share price and tht makes it a double bonus!

Now however i invest in aim companies as there is alot of short term profits to make, one long term company people are heavily getting into at the moment is serious exploration (sxx) which is a future provider of alternative energy sources, i bought in at 6p and doubled my money in 2 weeks (sp is currently 13p), however these are much more risky and require research of the sector and industry, stick to the ftse 100/250 to start with.

opinions4u

cashbackproblems wrote: »

I fully agree with the above sentiments! Beaware there are a lot of people on this board who just want to to save money in a nice safe bank (which is fine) and the word shares to them portrays the worse case scenario i.e. shares losing value, when in fact the majority benefit not through others losing out but company growth/profits and dividends. I also bought into Lloyds but at 72p however am still making a 30% profit in the space of a few months and it is a long term buy, during 2011 they should even be paying dividends so increase in share price and tht makes it a double bonus!

Now however i invest in aim companies as there is alot of short term profits to make, one long term company people are heavily getting into at the moment is serious exploration (sxx) which is a future provider of alternative energy sources, i bought in at 6p and doubled my money in 2 weeks (sp is currently 13p), however these are much more risky and require research of the sector and industry, stick to the ftse 100/250 to start with.

There are times to save and times to speculate.

I like to do both.

But I am not foolish enough to speculate with funds that need to be put to one side ahead of a planned house purchase.

The key phrase in the original post is "We have just sold our house but not managed to find anywhere to buy yet". That basically leaps out to say safe, short term and boring.

cashbackproblems

opinions4u wrote: »

There are times to save and times to speculate.

I like to do both.

But I am not foolish enough to speculate with funds that need to be put to one side ahead of a planned house purchase.

I certainly wouldnt invest the full amount, maybe 15-20% max once your confident in buying/selling, the rest id put in a fixed 1yr bond.

ed123_2

....I would put it all in frozen orange juice & pork belly's......

Primrose

I certainly wouldn't put your house proceeds into equities. You could lose a lot of money in the short term if the market dipped. Equities are generally recommended for five years and longer. Your only sensible option seems to be an Easy Access Account as your ideal house could suddenly appear out of nowhere in a month's time and you'd be kicking yourself if you couldn't buy it because your money was tied for for a lengthy period. If you're taxpayers and haven't used up your Cash ISAs for this tax year, this might be an option for a very small portion of it, but otherwise, checking around for the best paying instant access account seems the only wise option. But do bear in mind the £50,000 maximum compensation limit for any one institution (or £100,000 for a joint account).