AE N
 |
8 thousand pounds of what?
Banannas -an Ice Cream Store
Paper - a crayon factory
Diamonds - a Tropical Island
Gold - your own country
Manure - a Fertilizer company
Water - a swimming pool
Wood - a fire place
British Pounds - some Euros or Gold |
|
GB
|
Fun |
|
GSGREEN1978
 |
£8000 doesnt go that far! I'd use some for christmas, birthdays, valentines with my gal and our holiday to New York together next Christmas! |
|
casinoman_1999
|
8 thousand pounds of what... |
|
Hot Pink - yummy mummy to be
|
id put it towards a mortgage, well that would be the sensible thing!! |
|
robinwhale
 |
Depends how long you want to "lose the money".
Short term (less than 5 years) there are some quite good bank saving accounts which will give you 3%-4% return.
Long term (5+ years) I would put the bulk (£7,000) into an Stocks and Shares ISA invested in a Managed Fund or UK Equities. The rest into a Unit Trust (ditto investment options) and then transfer it into a tax free ISA after next April.
There are web sites that give comparison rates for various ISAs and Unit Trusts (search Google), but best is to get advice from an Independant Financial Adviser.
There are many other variables to take into account such as your age, current tax status, how much tax allowance you have left and so on.
If you are young enough and have enough space to do so, a couple of thou lump sum put into a pension fund and then forgotten until you retire could be the best thing you ever do.
This is not really that simple a question.
Get professional advice unless you are aware of all the options and current tax laws. |
|
Ev-ian
|
I would buy property in China. I think you could by one or even more small flats in some cities with that money. Chinese property just has to go up in value, eh? Mind you I don't know the legality of doing that.... |
|
Pooja G.
 |
i'd rather donate some of it to charity |
|
Steven N
|
Property. 8k isn't a huge amount, but easily enough to fund the 20% amount required for a flat in somewhere north of cambridge.
Doesn't need to be a local flat, heck, you can buy a flat in hull for about £40k and do it up, then rent it out. You won't make a mint instantly, but the rent should pretty much cover the mortgage for the place, and in ten years time, you'll have probably quadrupled your money, well ahead of inflation.
Get a reputable management company in and |
|
jerod_gavel
|
A trip to the PI or Thailand. |
|
cosmicmoon
 |
I have a quarter of that at the moment. I saved up for a long time!
I've put it into a high interest savings account.
To be honest, I feel like spending it on one huge party. But it wouldn't be very responsible, would it? |
|
gordonmother
|
ISA (maxi) and the diff in an ISA (mini) in my partners name.Tax free. |
|
Phil McCracken
|
Beer |
|
banananna
|
If say for example you were looking to not use the money for a few years and could handle a moderate fluctuation in the value up or down I would recommend investing it into two managed balanced mutual funds. Two popular options that have averaged about 10% a year over the past ten years are the Franklin Income Fund and American Capital Income Builder fund. These funds cost the same whether you buy them through an advisor or on your own so I would recommend calling an advisor so they can evaluate your full situation and give you a tailored reco. If you don't want to work with an advisor another fund that has done particularly well and is no load is the Bruce fund. If you want to do some research on your own go to a mutual fund finder on marketwatch or yahoo finance and search under balanced or mixed funds over a ten year time frame. The benefit to a balanced managed mutual fund is if you forget about it for a few years there is still a team of experts keeping an eye on it and keeping the allocation in check. If you plan on using the money within the next three years I would shop around for the best cd rate and park it there as the market is very volatile right now and you don't want to risk having to sell it on a down day. Good luck! |
|
chris7907
|
sex |
|
Evil Ned
|
Managed funds. Best return for low risk investments. |
|
Evie
|
Depends how old you are. Cash ISAs - look on Chase de Vere website to find the best. NOT beer!! |
|
psychoalan27
|
donate it to me :) |
|
| |
|
Homepage 
Financial
Forum 
Business & Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
