I’ve got 70K in my current account that I need to do something with – and I want it to grow. Interest rates on savings are laughable at the moment, so . . . ideas please?

Sometimes it’s the whacky ones that win, but I draw the line at buying 70000 lotto tickets!

PISS OFF

i’ll have a transition covert please

thank you x

*pulls out emergency hob-nobs*

I sympathise. I still reckon there’s some value in property though. Prices are low at the moment and lots of folk are desperate to sell.

see how much of it you could shove up your a r se

ds +1
edit carbon +1 😀

Invest it in onions.

offset mortgage (presuming you have/need one)

or

http://www.ebay.co.uk/itm/2008-Peugeot-206-Petrol-/250893837969?pt=Automobiles_UK&hash=item3a6a702691

Invest in Government issued bonds, but to reduce risk, spread it between Greece, Italy and ireland

Tea anyone?

Buy a house.

I believe Jamie has an opportunity for some egg based investments. If it was me…..

😀

How the hell did you end up with 70k in your current account OP??

You need to speak to a financial advisor, pronto 🙂

Invest it in onions.

I hear they are crying out for investors.

Am off to hack you account.

If you’ve managed to get 70k in your account, I’m pretty certain you don’t need advice from strangers on an Internet forum.

OP is one of these two?

I hear they are crying out for investors.

He needs to get in quick or else the bulb’ill burst.

He needs to get in before the bulble bursts though.

Very true. Last thing he wants is the following scenario:

OP: What? Where is all my money?

Onion Guy: Sorry, the bottom fell out the market.

OP: So I only have £20 left? There must be more?!

Onion Guy: Sorry. That’s shallot.

Why all the haters.. There are plenty of reasons that a normal guy has 70K in his bank account and needs some advice. eg just sold a house, inheritance, cashed in a pension. But the nobs jump straight in with the abuse.

He needs to peel one layer off at a time to get to the heart of the matter.

Ta Dah

[video]http://www.youtube.com/watch?v=AHo2pXO_XAI&feature=related[/video]

1: If you have a mortgage pay it off
2: If you don’t, spend it on coke and prostitutes.

But the nobs jump straight in with the abuse.

I don’t think it is abuse really – it seems more like banter to me. I am sure most people will know it could be an inheritance or suchlike.

But if the OP has accidentally amassed £70k without quite realising until now, then he really can piss right off.

Why all the haters.. There are plenty of reasons that a normal guy has 70K in his bank account and needs some advice. eg just sold a house, inheritance, cashed in a pension. But the nobs jump straight in with the abuse.

To be fair, only 2 people were outright asshats.

haha some of these are really good 🙂

I do like the look of the Greek market at the moment – “Like when daddy invested heavily in Betamax based video hire shop”

Seriously, I’ve got a house and I don’t have/need a mortgage.

I know this sounds like a wind up, but it’s almost harder keeping hold of or growing a lump sum than it is getting it in the first place. And the government want to tax everything – interest on savings, profit on a 2nd house if I were to buy one and do it up.

And of course 70K isn’t actually enough to buy much of a property anyway.

Edit – and I didn’t steal in from little old ladies or orphans.

philconsequence – Member
i’ll have a transition covert please

thank you x

I already have one of those, its great, but can I swap for it 70k?

And of course 70K isn’t actually enough to buy much of a property anyway.

You can still buy a property for that in quite a few parts of the UK such as Middlesbrough and Doncaster for example.

The ‘Brough
http://www.rightmove.co.uk/property-for-sale/property-17054088.html

Donny
http://www.rightmove.co.uk/property-for-sale/property-30771925.html

And the government want to tax everything

And you’re helping them do just that by leaving it in your current account. That 70k is shrinking every day! Get some advice.

Seriously, I’ve got a house and I don’t have/need a mortgage.

Definitely not boasting.

And the government want to tax everything – interest on savings, profit on a 2nd house if I were to buy one and do it up.

Boohoohoo. 😥

And of course 70K isn’t actually enough to buy much of a property anyway.

I believe there’s a nice plot of land becomes available in Basildon on Friday. Nice Greenfield site and everything. No sitting tennants

And of course 70K isn’t actually enough to buy much of a property anyway.

A repossession might sneak under that amount.

30k worth of premium bonds, 30k worth of premium bonds in your partners name, 10k on a birthday present for me.

did i mention i’d like a covert please? 😛

30K of PB’s will earn me approx £800/year on £50 winnings. It’s one of the best options, because you’re unlikely to win nothing, but you might win a mint (well a mil anyway) 🙂

Binners – yes, a little bit of farmland? I heard there was a small problem with previos tennants, but I daren’t mention it on here!

70k Aye right

Firstly I find it very odd that you would tell the world what you have in your bank. But anyway stick some solar panels on the roof of your very large house.

My dad bought a wood for investment and enjoyment with a similar sum
(+ u can build mtb trails of your very own)
I believe they can be made quite tax efficient too

Buy a flat and rent it out?
Buy some woodland?
Invest in a business?
Buy a boat ,pay 10 years of mooring fees up front and hire it out.

Jeez, no imagination OP?

Gary_m +1

The father in law hs just invested in them, pretty much a guaranteed return for next 20years.

As a recently retired money man I listen to what he says..

Wow, a year ago you only had 12k.

http://www.singletrackworld.com/forum/topic/savingas-account-best-interest-rate-available