what should I do?

atypical

ok364125247 wrote: »

Does anyone remember what was the rate on a similar offer before the crash of 2008?

Kaupthing Edge offered 7.15% for 3 years. State Bank of India offered 7.5% for 5 years. Notice the number of people saying 5 years is too long to fix for here. Ahh, the value of hindsight.

atush

I had 7.1% on aone year with KE. but in the end, I got 5% (even after it closed).

ok364125247

12tonelizzie wrote: »

Maximising your ISA allowances and index-linked NS&I certs are both no-brainers. I also am averse to the labour-intensiveness of the British obsession, buying to let.

But it sounds like you don't need the whole sum in 5 years time? Do you mean you're going to start living off it then? My point is that 5 years is generally thought of as too short a time-horizon for stocks & shares investments, but that (depending on any other pension provision and your lifestyle) mightn't this lump sum last you much longer?




Well we thought we would start for five years but the aim is to keep it invested for the rest of our life actually, so 10 to 20 years all being well!

What we are looking for is an income from it, but we have sufficient funds to keep us going for the next 5 years or so.

But then again should we place these funds in the investment as well if we can earn a return from it directly????

ok364125247

atush wrote: »

I had 7.1% on aone year with KE. but in the end, I got 5% (even after it closed).

5% How come?

Isn't it 20% tax?

chesky369

If you opt for the third - DON'T make it Manchester. The north is full of blocks of new-build flats that nobody wants to live in. London is a better option, but very pricey.

atush

ok364125247 wrote: »

5% How come?

Isn't it 20% tax?

Because the bank was wound up? After the UK froze their assets because the parent company in Iceland went belly up?

The KFS was actually technically solvent until the UK froze the assets. but i got all my cash back and 5% of intrest as they ut a cap on the amt of interest that could be claimed under the scheme.

ok364125247

Anyone got feedbacks or experience on ICICI Bank, they offer a 9.25% fixed deposits on 990 days?

Ark_Welder

ok364125247 wrote: »

Anyone got feedbacks or experience on ICICI Bank, they offer a 9.25% fixed deposits on 990 days?

The curreny for these deposits is Indian Rupees

ok364125247

12tonelizzie wrote: »

You're richer and I think a bit older than me, but otherwise your position isn't that different, and I've been trying to find out similar answers through reading and the web. So I hope some of the more experienced investors here comment on what I say.

It won't do any harm to read Tim Hale's book Smarter Investing to get various things clear, including your goals.

As I understand it, 10-20 years is a suitable time horizon for investment. You could put a proportion of your assets in a 'growth' basket of equity index funds like these (bearing in mind of course that their value will rise and fall; growth is a long-term probability, not a certainty). Tim Hale's book has a range of portfolios; his portfolio number 3 has a minimum time horizon of 10 years and puts roughly 30-40% into growth funds. A lot of people seem to think that the big growth over the next 10-20 years will come from 'emerging markets' (e.g. Brazil, Russia, India, China), so you might want to include a fund or two like Aberdeen Emerging Markets in this basket.

As I understand it, it's sensible to keep a chunk of your assets in accessible cash (the highest-rate instant-access saving accounts you can find). 20% rule of thumb??

There are assets that pay fairly reliable income. Some people believe in a 'High Yield Portfolio' of big-company shares that pay decent dividends, like National Grid. Others say that it's not worth the trouble and you'll get results at least as good by simply investing in a good 'equity income' fund; Invesco Perpetual Income is often mentioned in this context. You could put money into one (or maybe several) of these funds, let the income accumulate for the next 5 or 6 years while you live on your cash, then start to draw it.

Remember that I'm not merely an amateur, I'm a near-beginner. I hope others comment on this!

Thank you for your input, you have obviously done some serious research and quite interested in the subject.

I, personnally have no knowledge of that world, and find it pretty dificult to understand!

Could anyone share how much time on average one needs to spend in order to look after their investement per week or month?

So what you are doing for yourself is the job of an IFA, I guess, so that you can control all your moves!?

Would anyone like to share how much does an IFA takes to look after ones treasure?

is it an initial fee or do they take a wage ect....

atush

IFAs work 2 ways. fee based (you agree a fee in advance) or commision based (you don't pay them but they take commissions form the investment companies).

Get an IFA (try word of mouth or unbiased.co.uk) then get some ideas and quotes. Self investment isa committment and takes time and efort to learn. Personally i'd start now with a fantasy portfolio, or do one of thos alongsode a small one.

From what you have told us I don't think you are immediately ready to manage your own portfolio. But if you stick to come cash based and other conservative assests, I see no reason why you couldn 't play the market with say 10% of your funds?.