£50000 to invest

robatwork

MC-cwm wrote: »

To be honest I would not mark as a spam somebody without even know the product
I know that such an hight return can be considered IMPOSSIBLE but it's all true and GUARANTEED

I thought I would save this comment before the posts get deleted as spam and the poster disappears never to be heard of again.


Oh and OP - probably the best place to keep your 23k until April is a Santander123 account - 20k of that will earn 3% and a nationwide flex direct will earn 5% on the extra 3k

Onawingandaprayer

MC-cwm wrote: »

To be honest I would not mark as a spam somebody without even know the product
I know that such an hight return can be considered IMPOSSIBLE but it's all true and GUARANTEED

qwite rite. good poynt, well argude

mjv1986

I'm no expert, and I don't have that kind if money to reinvest, but if you fancy a "gamble" outing the maximum amount in premium bonds could be a "risk free" opition!

I only say as my dad has recently invested in these with some money as he wasn't impressed with interest rates!

Though don't do it half heartedly though, I would just put the maximum amount in which I think is £30k?

There are prizes every month etc and you can pull it out whenever you want!

Suppose it's down to personal choice but you could win anything from £1m to £25 a month!
If you say out £30k in, you would be missing out on £600 interest on a 2% Isa (can you even still get them that high?)

So really it's just a gamble of £600, but you should get on average at least £25 a month if you invest near the max so that would be £300! As I said, if you can "afford" to gamble the £600 interest, it may be worth doing as you could get a bigger prize one month and thats more than the interest for the whole year! Also it's tax free like isa interest!

eskbanker

Yes, although the overall mathematical (mean) average return on premium bonds is 1.3% (see http://www.nsandi.com/savings-premium-bonds), this is skewed by the large prizes, so the median figure (i.e. the most likely) is less than this - according to http://www.moneysavingexpert.com/savings/premium-bonds-calculator you should expect to get £350 from £30K with average luck.

Archi_Bald

mjv1986 wrote: »

Suppose it's down to personal choice but you could win anything from £1m to £25 a month!

You are slightly wrong there - the minimum monthly "win" is £0. I can assure you these happen regularly, including on full £30K deposits.

Whirlybird65

Hi
I agree with all of the above, from most of the posts.

In an ISA is the first part. Cash ISA is safer, but stocks and shares are going to give more chance of gains. As it is long term, with the correct shares probably the better option. But, do research, learn about what you invest in. Dont buy on others recommendation without research. Its great fun to learn, but would you really hand money over to someone in Africa who is mining for gold ?? Remember you would be owning part of a company, not just buying bits of paper, make sure the company you are buying into has something worth buying.
I have premium bonds, wouldn't bother until you have used up all allowances and CGT etc. Good fun, a bit of excitement, but thats all.
Good luck

puk999

Whirlybird65 wrote: »

stocks and shares are going to give more chance of gains. As it is long term, with the correct shares probably the better option. But, do research, learn about what you invest in. Dont buy on others recommendation without research. Its great fun to learn, but would you really hand money over to someone in Africa who is mining for gold ?? Remember you would be owning part of a company, not just buying bits of paper, make sure the company you are buying into has something worth buying

What about funds (e.g. index trackers, etc) in the S&S ISA rather than individual companies?

Whirlybird65

puk999 wrote: »

What about funds (e.g. index trackers, etc) in the S&S ISA rather than individual companies?

Indeed, safer. I suppose everything depends on how much work you want to do, how much risk you want to take etc

pip895

I think you are going along the right lines with maximizing your S&S Isa's. Cash Isas are a waste of time at current interest rates. I would invest in a range of funds not shares. A mixture of index trackers and specialist managed funds may be appropriate.

HiToAll

thank you all for your advice. i think i am going to maximise our ISAs this financial year and next, and you have given me some good food for thought re stocks and shares ISAs. I just now have to work out how to invest in the S&S ISAs, which are the best for the novice investor.

and then have a discussion with the other half on what to do with the £4K left:-) some electrical equipment and a holiday (my idea) versus some sort of sofas and cushions and a holiday (not my idea).