What to do with £30k??

brasso

trollopscarletwoman wrote: »

I reckon they fiddle it, giving you regular £25 pay outs, to ensure you keep your stake in.

Any evidence for that? Just the tiniest scrap?

No, I thought not.

trollopscarletwoman

ColdIron wrote: »

The 3% accounts mentioned would pay £144 after tax on £6,000, if you have done better than this you are in a minority of less than 4% of people who have. Most people would only get £75

Plug the numbers into the PB Calculator
http://www.moneysavingexpert.com/savings/premium-bonds-calculator/

I'm like the rich and corporations-I don't find it necessary to pay tax!

Well I do=indirect tax. Always the elephant in the room when people attack those on benefits.

Mind you, returns seem to have dried up the last 6 months or so.

I got my mrs to invest in pb's and she ain't happy.

Ernie or Archie, whatever the name of the robot seems to be letting us down.

ColdIron

trollopscarletwoman wrote: »

Mind you, returns seem to have dried up the last 6 months or so.

You got lucky

trollopscarletwoman wrote: »

I got my mrs to invest in pb's and she ain't happy.

I'm not surprised, unless she gets lucky returns are very poor

trollopscarletwoman wrote: »

Ernie or Archie, whatever the name of the robot seems to be letting us down.

No ERNIE is just doing what it has always done. If you are a higher rate taxpayer PBs are just about acceptable if you like a gamble but any savings account paying better than 1.8% will beat them hands down. If you pay no tax they are one of the worst places to put your money - unless you get lucky, which most of the time you won't

trollopscarletwoman

brasso wrote: »

Any evidence for that? Just the tiniest scrap?

No, I thought not.

I would never have thought that John Major was screwing Eggwina Currie.

But the dirty dog was!

EXTRAPOLATED benefit fraud by ONS suggests 0.5% fraud. Yet few on MSE seem to accept it.

Horses for courses!

trollopscarletwoman

ColdIron wrote: »

You got lucky


I'm not surprised, unless she gets lucky returns are very poor

No ERNIE is just doing what it has always done. If you are a higher rate taxpayer PBs are just about acceptable if you like a gamble but any savings account paying better than 1.8% will beat them hands down. If you pay no tax they are one of the worst places to put your money - unless you get lucky, which most of the time you won't

I got lucky.

That's all you need.

Seems to have run out lately, though. Thinking of taking them out.

atush

If she wants to make money/income from it, equal or greater than inflation, she will have to accept some risk on some portion of the 30K.

Risk is guaranteed if she keeps it in cash, as it will lose ground to inflation. So in effect, she will lose some of her money.

If she invests a portion (even just her S&S ISA allowance) into equity income funds, or some other collective investments, she might gain over inflation. And if you invest for income, and the income stays the same, it doens't matter so much if the pot value falls a bit.

For instance, say you had 10K and you invested in income funds that paid 10% (this is higher than now, but I am using this over 6% etc for easy maths). She gets 1K per year.

This income is made up of dividends, that are related to company profits- NOT share price. So if the market/pot fell 10%, the Stake/pot would go down to 9K, but the income would still remain 1K (unless there were reasons the company w as making less money).

So it would not matter, if you didn't need the cash but did the income) the fact the value went down (temporarily) 1K, as it could then rise 1K or more over the next year.

greenface

itch_for_a_glitch wrote: »

The story I heard was a Texan, half a million on red, he won and was treated like a king, next year a million on red, he won and was treated like a king, following year a million on red, he lost and was treated like a king.
He was still up on the game and had three nice weekends in Vegas.

Seriously ? £30k, safely ? I'd put it in premium bonds, she should get a small cheque most months.

Didnt he then finish half a million down ? How much did your MIL inherit ? what % is the 30k ? has she got back up and a current stream of finance. What does she fancy doing and how risky would she go . Could she loose most of it ? lots of questions . 30k isnt much on its own . PAy any debts is what i would do 1st