Investment & Investing

i bought £70K worth of index bonds last summer when the FTSE100 was around 4750.. looks like they are heading back that way.. but with 4 years remaining still hoping for a good return (£23K)

Bump.

I've got no idea what any of this shit means. And I do freelance work for a business news channel. Probably why they're not returning my calls.

Anyway.

What could I do with 10 grand?

I'd like to buy a house one day. But equally, being self employed there's always the chance that I'd need to call on some of the cash at short notice.

Fixed Term Deposit or £5100 in cash ISA and £5100 in stocks&shares ISA.

£10,200 is max per year so you can up that after the first year. HSBC paying 2.4-2-6% on cash.

If you want to be certain of always having 10 grand and no less - cash ISA or premium bonds.
If you don't mind locking some away for a year or two (really could be a 5 years plus) - stocks and shares ISA.

To get a decent rate on cash ISA you need to commit to a year lock-in I think.

More or less what Hippy said.

Can one of you do it for me and just give me a call when I'm rich?

PM'd

Sure I'll take your money..

A guy here plays the markets a lot, shorting gold and all that kinda shit. He makes lots but I wonder how much he risks..

Is it wrong to post PMs?

*GREETINGS FROM ME TO YOU.I KNOW YOU DON'T KNOW ME. BUT PLEASE CAN YOU BE OF ASSITANCES TO ME. I GOT YOU CONTACT ADRRESS FROM THE INTERNET TO SEE IF YOU CAN HELP ME TO TRANSFER OUR FAMILY MONEY TO YOUR ACCOUNT IN YOUR COUNTRY. * *

          MY NAME IS MR OLLY398 (JNR). I AM FROM ZIMBABWE, MY FATHER WAS                KILLED DURING THE PRESIDENT ROBERT MUGABE SIZING OF LANDS FROM THE                FARMERS, MY FATHER WAS AMONG THE FARMERS THAT WERE KILLED, BUT BEFORE                HE WAS KILLED HE WENT TO SOUTH AFRICA AND DEPOSITED THE SUM OF $15.5                MILLION DOLLARS IN A PRIVATE SECURITY COMPANY. *
         *NOW I AM IN SOUTH AFRICA WITH MY FAMILY. PLEASE I WILL STOP                HERE, THEY IS NO NEED FOR TOO MANY STORY, I PROMISE YOU IF YOU CAN                HELP ME TO TRANSFER THIS MONEY TO YOUR COUNTRY I WILL BE GREATFULL.                ALL IT WILL COST IS 10,000 OF YOUR ENGLISH DOLLAR. AND FROM MY MILLIONS, YOUR PENCENTAGE WILL BE MAPPED OUT. WAITING FOR YOUR REPLY.*
         *GOD BLESS YOU . IF YOU HAVE ANY BODY WHO CAN HELP, PLEASE. MY                PHONE NUMBER IS ON TOP, SO PLEASE DO CALL ME. YOU CAN INCLUDE YOUR                PHONE NUMBER SO THAT I CAN CALL YOU AS WELL. *
         *YOURS FAITH FULLY, *
         *OLLY398** (JNR)*
         *
          (FOR THE FAMILY)*

Only I had a query... where you say 'mapped out', do you mean like... a treasure map?

Do it. Those guys make tonnes of monies..

Ha LOL etc

My ISA doesn't lock you in for a year, not many do. But if you have to withdraw money you do lose your allowance for that year. Basically, you can put ~£5k a year into a cash ISA, but if you take that £5k out at some point you can't put it back in until the next financial year. So I keep a normal savings account as a buffer and only move across what I know I won't need to the ISA.

If you have £10k and no ISA then you could open one now and pay £5k in, then in April pay the other half in.

That's the point - you can get your money out in an emergency but you'll lose the benefits. Same as a bonus saver but this is tax free and if you do get a fixed term one it will pay more than the variable option. Most banks offer both.

£5,100 into cash, £5,100 into stocks and shares, as I said above.

You don't have to put £5,100 in. You could put whatever you're comfortable locking down in. Have a bonus saver paying a little bit of interest (it all adds up) where you're only penalised a month's interest if you withdraw and have a normal account for spending. When this builds up enough transfer some into either the bonus saver or the ISA depending on how soon you might need it.

If you have £10k now that you definitely won't need, you could put 5,100 in cash ISA and the rest in stocks and shares ISA. Again a lot of banks will do both. Fidelity was mentioned earlier - guy at work reckons this is pretty good - you can choose the type and risk level of your portfolio.

I only did a cash ISA as I need to be flush to sort my EPO guy..

I don't see the point of a cash ISA at the moment unless you're going to leave it alone for 5+ years. And you have to be careful with funds, they can charge 1pc or 2pc management fees.

What's not to see? If you have a spare £5k in cash and don't want any risk a cash ISA is about the best you can do. You can leave it for 12 months or 50 years and you don't pay tax on the income which is a bonus if you're a higher earner.

What's your better alternative?

Funds charge fees but they often make more money. "Spend money to make money. "

Make money.... go shopping.

The Mall - Gangstarr - YouTube

What's not to see? If you have a spare £5k in cash and don't want any risk a cash ISA is about the best you can do. You can leave it for 12 months or 50 years and you don't pay tax on the income which is a bonus if you're a higher earner.

What's your better alternative?

I'm saying that Cash ISAs are the simplest, safest option for most people. You're asking me... what?

I don't see the point of a cash ISA at the moment unless you're going to leave it alone for 5+ years. And you have to be careful with funds, they can charge 1pc or 2pc management fees.

Ah, hold on, typo... I meant stocks and shares ISA...

I'm saying that Cash ISAs are the simplest, safest option for most people. You're asking me... what?

"I don't see the point of a cash ISA at the moment unless you're going to leave it alone for 5+ years."

Crossed wires. Sorry

Ah, hold on, typo... I meant stocks and shares ISA...

Ah, right. That makes more sense. Yes, a S&S ISA is something to leave alone.

My workmate's is basically his pension.

This has been both entertaining and helpful. Well done both.

*. *

I UNDERSTAND YOUR REPLY MAY BE DELAY BY THE HIGH WIND SPEEDS IN THE KINGDOM OF GREAT BRITAIN, HOW EVER I AWAIT FAITH FULLY. MY INVESTMENT OFFER IS A ONCE OF A LIFE TIME OPPORTUNITY TO ACQUIRE SIGNIFICANT MONIES AT NO RISK TO YOUR SELF. IN RETURN FOR THE ADVANCE OF THE SMALL SUM (TEN THOUSAND POUND) WHICH IS REQUIRED TO LIBERATE THE FORTUNE, YOU WILL BECOME VERY WEALTHY WITH A PERCENTAGE OF A $15.5M FORTUNE. THIS PERCENTAGE WILL BE MAPPED OUT, A PROCESS I KNOW YOU WILL UNDERSTAND WITHOUT QUESTION. PLEASE CALL ME TO ARRANGE THE TRANSFER. GOD BLESS YOU. OLLY398 (JNR)

Are these things STILL operating?

Mind you, they do appeal to peoples' greed...