where to put 350k for 6 months

McSaver

The way things are going at the minute. I would say... GOLD

superstar_2

McSaver wrote: »

The way things are going at the minute. I would say... GOLD

Buy GOLD, stock it into your van. Come back from holiday and it will be worth £400 000. So, that's 50 grand in 6 months. Any other better deals?

Aegis

How about something that doesn't have a very real chance of being caught in a bursting bubble and losing a significant part of its value in that time?

Phlik

Aegis wrote: »

How about something that doesn't have a very real chance of being caught in a bursting bubble and losing a significant part of its value in that time?

Plus you'd need a bloody big van, its not light that gold stuff you know...

Phlik

PS Have a good hol. Its something I wished i'd done on my bike, tour Europe with Mrs Phlik. Oh well, will have to wait until the boys are 18 now before I can turf them out.....

ukrv

one day I'm up and thinking how exciting, the next I'm worrying that we will never be able to afford another house. My worse fear is we sell up, travel around a bit then all the prices have gone up and we can't afford to buy again. I've never had money to invest or save for that matter. Gold would be good, I've heard thats always a safe bet in a dodgy market but not sure that I am up to it. The stress is just too much!

I really appreciate the time and advice you all are giving. Thanks so much! This is a great site.

Meltdown_2

ukrv wrote: »

one day I'm up and thinking how exciting, the next I'm worrying that we will never be able to afford another house. My worse fear is we sell up, travel around a bit then all the prices have gone up and we can't afford to buy again.

Doesn't seem likely ... More likely that your money buys a bigger house (or 2 - one in the UK and that nice little place you found on your travels ...)

One other point to consider regarding the banks. Are you going to a particular part of Europe, or not decided yet? If you know that you will concentrate on Scandinavia, say, then it might make sense to find a bank that has lots of branches there. Or if you are concentrating on major cities, then perhaps a big international bank (Citi?)
Just a thought.

Dolyrerw

The only safe place in the UK is the one bank that Mr Brown owns now Northern Rock, you get all your maont back from them ! 100%

Toastie

ukrv wrote: »

one day I'm up and thinking how exciting, the next I'm worrying that we will never be able to afford another house. My worse fear is we sell up, travel around a bit then all the prices have gone up and we can't afford to buy again. I've never had money to invest or save for that matter. Gold would be good, I've heard thats always a safe bet in a dodgy market but not sure that I am up to it. The stress is just too much!

I really appreciate the time and advice you all are giving. Thanks so much! This is a great site.

As said above it would be very unlikely. However is owning a home with 350K the be all and end all? Nope. You can always find a little rented accomodation to live in if (as i doubt -my own opinion) house prices rise.

There are always alternatives