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If your timescale is a maximum of two years you shouldn’t really be looking at anything other than cash or cash equivalent investments. The best thing to do is look at one of the numerous price comparison websites to get a feel for what is on offer. You should be able to get around 6% p.a. in the current climate.
If you have a mortgage, why not consider paying some or all of this money off your mortgage. I don’t know your tax position but let’s say that you are a higher rate taxpayer. If you invest £18,000 in a savings account and get 6% interest, after 40% tax that reduces to 3.6% p.a. or £648. If you were paying mortgage interest of 6%, by paying down the mortgage you would effectively be getting an “investment” return of 6% net. That’s around £432 p.a. better than saving in cash in this example.
I hope that helps. Have a look at the investment section of our website www.evolvefp.com for an independent look at investment portfolio construction.
Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and IFA please call 0800 085 3250 or go to http://www.unbiased.co.uk. |
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smoovealx
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Northern Rock - Safe as Houses. |
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kevin friend
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why not have a bit of fun with premium bonds, you never lose your money but you could possibly become a millionaire with the draws |
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paddypower69
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give it to me, i will invest it in a deposit for a house for me and my good lady! |
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invest
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http://fxcapital.info/
A group highly professional traders have been offering our services in the field of management of financial actives in international currency market Forex. Profitableness from 7 -11% per one month. |
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NotEckyBoy
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Buy gold. We are heading into the biggest economic depression since 1929 |
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juicer33
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Buy premium bonds. You dont gain any interest but at least you can win £million. |
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colin
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Dont invest in anything that sounds to good to be true ok. you do not state if you want income or long term gains . premium bonds are tax free and you could win still tax free . |
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recycling
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my company is offering shares, (ahem) only joking, but be careful what you reveal to people on the internet!!!! |
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Paul M
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American tax lien investing- it may yield you anywhere from 18%-36% depending on the state. They are government insured. Illinois tax lien auctions begin at 34-36%. Downside is they are not long term. Aussie bonds will give you 10% and Aussie money market account will give you 7%, but you may have to be Aussie. Don't buy gold or any other commodities. Honestly though.... with 18k pound, I would put it down on a 60-100k pound real estate investment property that is already rented out to someone at atleast a 10% cap. This way the renter will pay your mortgage and you can keep the spread between your rent revenue and mortgage interest. Reinvest your dividends from letting the property into another property, or the stock market. |
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Forex I
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Hello,
I also had a similair problem as you have.
I had a good amount of money, and wanted it to grow.
So I looked around on the internet to find something that is:
1) giving me great returns towards a relatively small risk
2) Professional people who know what they where doing with my money.
I'm glad to say I finally found a moneymanager who is capable of giving me good returns and give me a great support.
On this blog you can follow up all the results that he is making:
http://my-robottrader.blogspot.com/
My money is working for me, in Four months time I already have a ROI of 123%.
So you don't hear me complaining!
Annyway if you would like to get in touch with my moneymanager to have some more information feel free to contact me you can send an email to me at derrekmay at gmail.com.
Then I'll give you the email adress of my moneymanager
Hope this has helped you! |
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taz man
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This would largely depend on your income and tax position. I would not put all my money in to gold as has been suggested. This would put all your money into one sector. This was the advice of many advisers during the property boom and now property funds have fallen in value by 20%. Remember no one can accurately predict what is going to happen. The best was to invest is to build up a portfoloi investment in a bond or unit trust (again depending on your tax posstion) Then depnding on risk you can spread your invesment accross. Cash, Fixed interst, Gilts, Uk stocks European stocks, american stocks far east stocks, Property and yes if you want even gold. The bennefit of this is that it spreads your risk. I have often compaired investments to moving accross ice. The wider you spread the investmnet the less likely it is that it will fall through. Speak to an independant financial adviser who will guide you to the best investment for your money. remeber most advisers offer a free consulataion meeting. What have you got to loose by talking to one.
Good Luck |
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Let me tell u something
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Go for gold |
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humanidee
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Put your money into a high interest earning term deposit. Leave it there to grow. Don't go for risky investments or ventures.
Dee xx |
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