Oh, hai I'm taken
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Nothing is without risk.
It depends on the degree of risk you are prepared to take as to how you should invest the money.
In my experience, property is the best investment. |
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Rachellie
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under the floorboards until i find the time to go and spend it |
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beavis b
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My wallet. |
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David R
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30k buy maximum holding of Premium Bonds
20k pay off mortgage and sit in a house worth 60k
10k on other debt
10k change car
5k to sister
5k holiday |
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mmsh
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A cash deposit or CD is without risk. It is insured by the gov't. You can get one through a bank.
Money Market funds through major houses like Vanguard, T-Row price or Fidelity are also risk free. Vanguard's is called Prime Money market Fund. 0% risk. Money Markets funds do not have term commitments like CDs so your cash is availble anytime.
Treasury notes are guaranteed by the US govt and are risk free(they may fluctuate in price but they are guaranteed to be paid in full on maturity). I would look for this in Brittsh denomination to avoid currency risk.
Along the vane, GNMA'sare also Govt guaranteed and carry a higher interest rate(about 5.3% now) ... Vanguard and Fidelity have good GNMA and treasury funds.. I would look for this in Brittsh denomination to avoid currency risk. |
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budding author
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Yes I know 80k seems a lot of money! It's not really
.Without risk?
The only place I would recommend is the building society paying the most interest.
After tax you may get around 4k a year interest, but it has to be the safest bet.
If you want it all, or even some of it , out at any time you can get at it, no problems. |
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E
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a high interest bearing savings account which is FDIC insured like emigrantdirect.com or ingbank.com |
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mcwillbarota
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There is no such thing as a risk free investment, no matter what anybody tells you. In the UK the investments with the least risk of capital loss would be those guaranteed by the British government and marketed as National Savings but there is still a risk that the Government could default. Even if the British Government does not default, there can be a loss in real terms - £80k in premium bonds will always be £80k but its buying power will reduce over time because of inflation.
Consult an INDEPENDENT financial adviser (IFA) - one who specialises in investment and savings. (You can find a local one through www.unbiased.co.uk) Spend time discussing your requirements and objectives (which should include a discussion about your attitude to risk) and let the IFA make proposals based on the information you give him or her.
Also remember that deposits in banks and building societies are NOT 100% safe and if the deposit taker collapses you may not get back all your money. The current limits of the Financial Services Compensation Scheme for cash deposits in recognised, regulated UK institutions are 100% of the first £2,000 and 90% of the next £33,000 - £31,700 maximum per individual depositor. More information on that at www.fscs.org.uk |
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lulu
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Nationwide (Building Society) Guaranteed equity Bond - NO risk to your capital |
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sexypornstarsexypornstar
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in my movies ,,,mmmmmmmmmmmmmmm |
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saki
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i would put 30000 into premium bonds because its tax free.
the 20000 into gold tax free 30000 into high interest bank. |
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SD
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o defo the bank mate |
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burney
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First of all, keep at least 2 months of your net earnings somewhere they are immediately accessible, such as certain no notice ISAs or accounts, to serve as an emergency fund. This will reduce the risk that you will need to borrow, on expensive interest, should problems arise.
Next, consider: Is it absolutely essential to avoid all risk? 'No risk' investments can return a lower amount than more conventional ones, often to the extent of not keeping pace with inflation. Very few of us need to eliminate all risk from our lives, and the attempt can be self defeating. If such is still your priority, read some of the other replies.
Do you currently own a house, and have a mortgage on it? If so, overpaying the mortgage to the sum allowed without penalty is an excellent way to start, being tax efficient, certain, and usually providing a better return than other cash based investments.
Consider buying a property to let out. There are risks there relative to what you asked for, but risk-free investment is an unrealistic hope, and should be viewed with suspicion. Property balances its limited risks against potential gains very well.
Many thanks. |
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earth-angel
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behind the bar lol |
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BOUDICA !!!! (*) (*) (*)
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in the box under my bed s**t i have just told you where my stash is |
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Indy500
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Premium Bonds |
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alan g
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I would invest the money on a decent race horse or greyhound after doing a bit of investigating.Guaranteed good investment.Either that i'd get my self on the property ladder and start letting/renting. |
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eniles21
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Ok, that isn't that $80 American? lol Why not get savings bonds or put it into a 401K...investmenting could cost you all your pennies. |
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