£1000 pm

henryandmay

ghanchi wrote: »

Wished I had £1000 pm ...



Short = Is £1000 pm guaranteed ?

Medium = (1000 x 12 x 10 = £120000), therefore hit your £100k target

Long = retire at 55 - drawdown from investments ?


UK Share Investments alphabetically :
Aviva
BP
GlaxoSmithkline
HSBC
Lloyds
National Grid
Royal Dutch B Shares
Tesco
Unilever
Vodafone


Fund Investments :
Artemis Income
FP CRUX European Special Situations
Fundsmith Equity
Jupiter India
LF Woodford Equity Income
Lindsell Train Global Equity
Marlborough Multi Cap Income
LF Lindsell Train UK Equity
Newton Global Income
Stewart Investors Asia Pacific Leaders
First State Global Infrastructure

Having a grand a month to save/invest takes the utmost discipline.
My weekly walk round Tesco for instance; I could easily blow half of it if I'm not careful.
Impulse purchasing is a !!!!! and its what the entire retail sector is build on.
They want you in their store so they can sell you useless crap which you don't really need.
Anyway, that's just an example. We are just careful with money and respect how difficult it is to earn.
So how much do you save pm and tell me more about this random list you compiled.

henryandmay

EmilyG2010 wrote: »

Personally I save 1000pm as follows:


250 into my HSBC regular saver
250 into my M&S regular saver
250 into my Nationwide regular saver

300 into my First Direct regular saver

This gives me 5% on my money every month.

This is not a long term option and you will only get this rate for a year.

foxy-stoat

If it were me I would buy £1000 of Premium Bonds each month for a few years.

Report back when you decide what to do with your £1K

henryandmay

foxy-stoat wrote: »

If it were me I would buy £1000 of Premium Bonds each month for a few years.

Report back when you decide what to do with your £1K

Why would you buy premium bonds?

EmilyG2010

henryandmay wrote: »

This is not a long term option and you will only get this rate for a year.

well then you start over and put the proceeds in a fixed interest account.

henryandmay

EmilyG2010 wrote: »

well then you start over and put the proceeds in a fixed interest account.

But at the very best you'd get c. 2%

EmilyG2010

I was only trying to help Henry.



You could get 5% with P2P. I think Assetz capital or Ratesetter are safer options. Assetz are offering 5.1 on their 30 day notice account. Or get 4.1 instant access.


Alternatively fix your 12000+ interest in a 5 year cash account. I believe you can get about 2.7% at the moment

ValiantSon

henryandmay wrote: »

This is not a long term option and you will only get this rate for a year.

Nope. After maturity you just open a new regular saver.

badger09

ValiantSon wrote: »

Nope. After maturity you just open a new regular saver.

Or several;)

Flobberchops

henryandmay wrote: »

Why would you buy premium bonds?

The benefits of Premium Bonds are that they're government-backed, fairly liquid, and average a return of 1.4% with a chance to win £1million. Think of it as low-stakes gambling where you can get your stake back at any time.



I wouldn't buy JUST Premium Bonds but they would form a low risk part of your portfolio. You can buy them in chunks of £100.