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Got £40k, what should I do with it?
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i would also say put it in a high interest account, have a look at https://www.ingdirect.co.uk if you would want to get to your money without any catches.
and spend the interest you make from it, on having a few nights out on the town lol0 -
Buy some nice shares... spread our portfolio in 4-5 companies. Share market is down and should give you back a good return in long term. But, you need to know what you are doing. And, you'll have to forget the money for few years.
Else, Web Saver instant access account (ICICI, etc.) is the other best option.0 -
I think that is the property equivalent of (was it?) George Bernard Shaw who said the worst thing to happen to you when you first go horse racing is that your first bet wins.Jorgan wrote:....Some people have ever only experienced a rising market, they think that property has always gone up in value & never drops.
If history ever repeats itself do you think we could have a "Tulip Buying, Renting, Selling and Bulb Prices" forum?:rotfl:
And to the OP, put it in a saving account and wait and see for a few years.A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
What's all this boring 'put it in a bank' rubbish?
Be creative with it and make it earn you more money.0 -
Out of favour and fashion, I know, but you could put £30K into Premium Bonds. The average return will be lower than a high interest account but, and it is a big but, what if you were one of the fortunate large monthly winners? Imagine how much more difficult the question and varied the answers would be if you had to ask "What should I do with £1,000,000?"
LOL, best of luck....and then the window licker said to me...0 -
Out of favour and fashion, I know, but you could put £30K into Premium Bonds. The average return will be lower than a high interest account but, and it is a big but, what if you were one of the fortunate large monthly winners?
Or put it in a proper investment and then buy lottery tickets with the growth in value. Its much the same thing as premium bonds
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
But don't premium bonds have a better chance of winning a prize?0
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ukmonkey wrote:But don't premium bonds have a better chance of winning a prize?
Depends on how many lottery tickets you buy.
Average payout on premium bonds is around 2.2% (ish). If you invested or just for the purpose of this post, stuck it in an account paying 4.5% net, you could keep 2.2% and use the rest to buy lottery tickets. Thats 76 tickets a month. Bound to get at least some £10 winners in there plus you kept 2.2% meaning you got the average return out that was present on premium bonds.
I wouldnt do it but I am highlighting that it is similar thing yet people would consider premium bonds but not the other. Or why not take the £1800 from the 4.5% return and spend it on Bingo or on the horses.
Premium bonds are just an excuse to lend money to the Gordon Brown on the cheap.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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