PETER G
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Spread your investment - interest rates just got boosted, to anything tied to the BOE base rate is going to rise in value, but the property market shows no sign of tailing off. However, 70k is not a great deal of money and there's no point in just getting a two bed terrace in the middle of nowhere just for the sake of it.
Keep the money close at hand by investing in something which doesn't tie it up for too long. 1 - 3 year stepped rate savings bonds which allow you access to your money a set number of times per year are probably your best bet. Other than than, anything tied to the FTSE is going to have to rise faster than 9% per year in order to outperform fixed income products, so stick to managing a small portfolio if you want to rather than shoving the lot into shares.
If, after three years, you haven't spent a penny and you've got 77 - 80k, then you've done well. |
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giga_the_freaky_dragon
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invest in me and my future!! |
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lizzy b
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Wow, Id love a job like yours, got any vacancies? Joking apart investing the money will depend on what you enjoy. There are many types of investment. If it was me I would go to Monte *****, Slovakia or another Eastern European country and buy property to let. Not only will you reap the rewards of the rental market but the property would rise in value (in some cases doubling your investment over two/three years). But you have to want to be adventurous and be prepared to initially put in some effort. Once youve got one its only a matter of time till you get another etc. If you want to invest with someone else talk to friends and family/relatives etc, share the risk and burden. Otherwise there is always the stock market, the higher the predicted return the higher the risk etc. If you havent already got your own property invest in that, you cant go wrong! |
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Gman
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The best thing i think you should do is go and see a independant financial advisor. They will explain all the different options available and the gains and risks. It all depends on what you want to do with your money, ie keep it close incase you need it for anything ( counts a bond out as the money is gone for a set time). Property, can't really afford a property unless you got a mortgage for the rest and rented it out to pay the mortgage. When the mortgage is cleared you would have all the capital. this a very long time investment though.
Shares are good but risky, they go up and down and on that sort of money could either make you a lot of money or loose a lot!!!
Best off speaking to a IFA, may cost a little but will definately pay off in the long run.
Enjoy the money anyway and congratulations for the bonus, all i get is a bottle of wine for chirstmas! |
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Powerpuffgeezer
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stop bragging |
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b97st
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An ISA, stocks and shares or property. |
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Alan M
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If you still have it, speak to a financial adviser. They are qualified to answer that question. |
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Privatize
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Pay off debt, buy property, and stocks. |
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Kari
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go to http://sparklenenterprises.zoomshare.com to make a bit more and then get up there on the property ladder (you won't get much with £70000 with house prices the way they are now). If you need someone to refer you (though you should be able to afford £12.50) email me on rosiebelinda@yahoo.co.uk |
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english_monster
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If i were you i would invest it in a high rate icer with this the interest is very high and you could increase that amount massively if you don't need the money right now. If yo are in the UK i would use the CIS and get a financial adviser from there and they can tell you where is best to put your money.
Hope this helps! |
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George
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Independent financial advisors recommend people to pay off debts, keep some money in a savings account for emergencies, planned expenditure such as holidays,new car etc, then invest the rest in a diversified portfolio of assets to include cash, bonds, equities, and commercial property.
Avoid anything that seems too good to be true (such as returns of 12% a day or 300% in 1.5 years) it probably is. These will be scams.
You can learn about personal finance and investment on the BBC website; just look up Money Box.
Bestinvest, an independent financial advisor have a good website, www.bestinvest.co.uk, where you can learn the basics about investment and you can see which unit trusts and investment trusts they recommend, if you are prepared to invest over 10 years and accept some risk in return for a hihger return than cash (savings accounts) or bonds (government or corporate).
You will probably want to invest in a number of unit trusts and then investment trusts (where you can spread your investments internationally and across the various sectors of the economy within lots of different company shares so reducing the risk).
Unit trust and investment trusts can be bought within tax efficient wrappers, you can get a stocks and shares Indevidual Savings Allowance (ISA) where you can invest £7000 pa and a Self Invested Personal Pension (SIPP) where you can invest a lot more, but that is really long term and can only be used to buy a pension. Unit and investment trusts can be bought within ISAs and investment trust and unit trust groups offer some low cost ones. Alliance Trust Savings offer low cost self-select ISAs and SIPPs.
Residential property, commercial property and bonds (fixed interest IOUs) appear expensive right now.
But what do I know? I'm just a cute avatar whose spell check would not work. I get two arrows revolving clockwise, whatever that means.
I hope I have been of some use to you and when you have made your fortune you can give more away to reputable charities, tax efficiently, especially in your will. |
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ekleinert
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if you are young and still working i recommend stocks and bond (versify) however if you are older (retired) safer to put the money in a guaranteed CD where you have a fixed rate |
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Wibble
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The best way to use that money would be to pay off any form of debt that you still have, Credit Card, Mortgage, Car loans etc. they charge more interest than anything that you will recieve in any investment. If you still have a bulk left over, and you know nothign about stocks then buy in Index Funds or put some away in an IRA / Pension fund. the only other thing I can think of is to open a Call account or CD and find out what rates they're offering. |
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ticket2ride
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Property - tends to go up in value, and you get a good return through leasing. Commercial property is a good bet, if you can afford to borrow an additional 30K or so - as a long term investment, it should be well worth your while, as long as you get a good provenant and long lease: 10 or 25 year lease, with rent reviews every 3 or 5 years (where you can increase the rent due to you in line with the going rate at thet time...you could also buy land in a brownfield site and sit on it... |
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rjsh
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divide into four and then spend it as you wish |
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xron
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well you could invest in my future :P
nah you should invest some in premium bonds as then your money is safe and you have a chance of winning, some could be in a high interest ISA which you cant touch for ages which also safe guards it while earning you loads of money... other than that I dunno |
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rick_200565
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Hello Freind.. :) i could soon spend it for you..lol |
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Sir Sidney Snot
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Show off!!!!!!!!! Give some to charity and think about people less fortunate than you! |
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kissfromaroes
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let me hold on to it for you! |
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Roninja
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Invest!!! Are you mad? Bathtub full of chocolate mousse and 4 high class hookers over for the weekend, is one idea for you. |
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Silke
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Is that all? Must be a bad year.
Hardly worth investing, just blow it. |
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CrayzeeKat
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i want a job where you work to get a bonus like that. I would invest some and splash out with the rest. |
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Hibee
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Best start a window fitter business in Newcastle. |
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john k
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Dont know what to do with bulk of it but i would certainly invest a $ 3000.00 us dollar upgrade here , then a week later another $3000.
You can have 2 investments at a time . you get 12% per day on you investment for 12 days . then payed with in 7 days of expire .
$3000 = $4320 in about 19 days !
here is the link :
http://www.12by12daily.net/?ref=8364
You can purchase egold here :
http://www.goldex.net/r.php?ref=1500941
http://www.hornymatches.com/a6c5b666/86e983a5/
. |
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.
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chicken feed |
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Fu Manchu
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You can give it to me, I'll look after it... |
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robbief1999
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I have a bank account you can invest in... |
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Jose P
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I am currently involved in a great offshore investment called Swiss Cash. Your principle is guaranteed by Swiss Mutual Fund. You can earn 300% over 450 days. Start with the amount that you are comfortable with and see the enormous potential. You could literally earn millions with this program. Please check the details here. You can join the 14 day FREE trial and navigate through this incredible system. They do all their banking through the reputed Barclays. Here is the site. http://www.cash2prosperity.com
Please write to me if you have any questions.
Jose |
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michael b
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THAT'S ABOUT WHAT CHRISTMAS IS COSTING ME THIS YEAR...GOTTA GET MY GFRIEND A NEW CAR |
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Maldini
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Would you mind help me with $300000.00USD. i need you help, please be kind of me once. please send me a eamil.thank you! my email: lishan0415@yahoo.com |
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