30k in Premium Bonds which i want to reinvest

clear_blu

Hey.............Thats £800 in just 7 months...........thats over 4.5% TAX FREE.......and you still have the chance to win a million................Whats wrong with that.........:D

Bisoy

uk_steve wrote:

yeah thats what i am doing just waiting for that draw to come

thats the list in pounds sorry it shows like that without showning my p-bond numbers.......

100 November

50 November

50 November

50 November

50 November

50 October

50 October

100 August

50 August

50 August

50 June

50 June

50 June

50 May

I think you've done really well and more fortunate than others who hold same value of bonds.You never know you will hit the jackpot just before you thought that you're taking it out.;)

I do have some premium bonds worth £200 but so far has been unlucky and not planning on putting more. I have concentrated on my ISA, regular saver accounts and any excess on easy access accounts such as ICICI and ICESAVE.:D

jamesd

uk_steve, have you used up the 4000 equity ISA allowance or only the 3000 cash ISA allowance?

Easy starting point for you: read the article on regular saver accounts and put 250 a month or whatever they allow into 3 or 4 that pay 6% or more, so the final total equals 10000. Worth staggering the starting dates of these so you don't need 3000 in all of them at the same time but instead have some ending while others are starting. This can be the totally safe part of your money for the next year to two years, since those are the limits on how long you can have the accounts.

Beyond that, some equities at whatever risk level you choose seem likely to be good given your indicated risk level.

Worth a chat with an IFA like donstonh who is seriously involved in investment business for their clients. One advantage: if their advice is wrong you're entitled to redress. This does not apply to the performance of investments. That is, so long as they were correct in judging the suitability, they can say you should buy X and if X loses all the money put in it, you don't get redress for that.

To get you started it's probably a good idea to pay the fee for advice, while you continue learning and practicing with fake money, seeing how you do compared to the pro. Then you can take over whenever you're doing as well.

uk_steve

clear_blu wrote:

Hey.............Thats £800 in just 7 months...........thats over 4.5% TAX FREE.......and you still have the chance to win a million................Whats wrong with that.........:D

yeah it looks good the last mths draws,but before there was nothing and £50s was the maxi so the maths dont really tally up if you look at the long picture with my premium bonds....

its just that gamblers chance you may win the mill?!?!?!?! i rather play it safeand move on to another savings,or bonds

uk_steve

jamesd wrote:

uk_steve, have you used up the 4000 equity ISA allowance or only the 3000 cash ISA allowance?

Easy starting point for you: read the article on regular saver accounts and put 250 a month or whatever they allow into 3 or 4 that pay 6% or more, so the final total equals 10000. Worth staggering the starting dates of these so you don't need 3000 in all of them at the same time but instead have some ending while others are starting. This can be the totally safe part of your money for the next year to two years, since those are the limits on how long you can have the accounts.

Beyond that, some equities at whatever risk level you choose seem likely to be good given your indicated risk level.

Worth a chat with an IFA like donstonh who is seriously involved in investment business for their clients. One advantage: if their advice is wrong you're entitled to redress. This does not apply to the performance of investments. That is, so long as they were correct in judging the suitability, they can say you should buy X and if X loses all the money put in it, you don't get redress for that.

To get you started it's probably a good idea to pay the fee for advice, while you continue learning and practicing with fake money, seeing how you do compared to the pro. Then you can take over whenever you're doing as well.

i have used my cash isa i will read this equity isa now and see