Bearing in mind 'coke & hookers' isn't an investment & the 1st person to mention it gets the 'Mr Predictable of the Year Award' You also get a Mr Predictable award if you say 'give it to me, I'll look after it' (etc etc etc)
Anyway, we've got 30K doing very little in the way of making more so what's a good choice? (can tie it up for a year or so if necessary)
Use as deposit to buy a flat/house in a nice town with good demand and rent it out.
buy a buy to let
Channel it into a fund if not familiar with managing your own portfolio. If you fancy sending it into a small FTSE portfolio, BantaSanta's financial forecast would recommend: Diageo, BHP, BP, Rio Tinto and Imperial Tobacco all in equal value.
Coke Hookers and a Go Pro and enter the special interest video market 😉
can tie it up for a year or so if necessary)
Thats probably ruling out property then.
HSBC offshore account
Buy to let could be a faff if your only looking to tie it up for a few years. Still the best way to go though IME long term.
I hope the BTL recommendations are joking 🙁
Yep hope they are, the amount you will lose in Stamp Duty, Fee's and the rest in 2 years then gamble on the price rise means a savings account could turn out better.
Buy a plot of woodland...learn how to develop* it...and get free wood for your wood burner.
*by develop it, I mean as a plot of woodland rather than create a car park.
Renty houses are out, already got 2.
Bantasanta may be talking sense, the money came from an uncle who had over £1.3 million in shares, lots of which were with Diageo (& others, obviously)
I only know cos I he used to show me his reports from Brewin Dolphin.
Can you tell I'm crap with money, I even bought an Orange 5!
brooess - Member
I hope the BTL recommendations are joking
POSTED 16 MINUTES AGO # REPORT-POST
Not where I live.
you could try the personal finance industry
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As much as you can into an ISA.
Diageo, BHP, BP, Rio Tinto and Imperial Tobacco all in equal value.
You'll need to be OK with getting money from people addicted to a drug that will leave them gasping for breath and will ultimately kill them.
Yep and BHP/Rio are very dependant on China and world commodity markets. They don't seem to be getting talked up down here in Oz as much.
Watch out for charges on things like unit trusts.
BHP/Rio are very dependant on China and world commodity markets.
Yep, as by their nature. If I was advocating either share I would probably argue that BHP is protected from fluctuating mineral commodity markets partially by their assets in oil & gas and Rio, while dependant on China (is that a particularly bad thing in today's market?), is a share which - with skilful management - can be exploited to make fast cash due to the impact fluctuating currencies have on Rio's earnings. xx
Channel it into a fund if not familiar with managing your own portfolio. If you fancy sending it into a small FTSE portfolio, BantaSanta's financial forecast would recommend: Diageo, BHP, BP, Rio Tinto and Imperial Tobacco all in equal value.
Even when the footsie is at a all time high?
Robz - Member
Use as deposit to buy a flat/house in a nice town with good demand and rent it out.
Work colleague has 3 properties currently empty, cash flow is a wee bit of a worry atm!!
Even when the footsie is at a all time high?
It isn't. Currently 6940.640, 52 week high of 6949.730. And yes, although the market is pretty buoyant right now, that's no reason to hold back from moving capital into potential growth areas [i]within[/i] the FTSE.
Buy a boat*
[*] I have one for sale.
Funding Circle? 'Little and often'
Buy a boat*
Got one of those as well.
Ok so it's an open canoe, so what! 8)
RBS shares
and or Lloyds
Easy, put 15k on red and 15k on black.
Buy a nice convertible sports car, sit on it for two months and stick a few grand on the price
Fund my patent if you like.
Open a savings account in a Greek bank! 😉
Lloyds Banking Group Shares are only going to rise over the next 5 years.
Gold peaked at over $1800 not long ago and is currently trading around $1200. In fact in the first four weeks of 2015 god went from $1201 to $1271 before falling back again.
As with all shares and commodities do not treat them as a deposit account. They need managing and you need to get in and out at the right time. If you are not able to manage your investments start looking at ISA's.
30k will get you no where in buy to let, you need far more capital than that to ride the peaks and troughs of letting. Those property porn TV shows are very misleading with their "yield" figures as they always leave out the myriad of expenses that Landlords incur.
By Oil as a commodity.
Premium bonds. You may win nothing, you may win a lot. Inflation is low so you won't lose a lot.
I maxed it a few years ago and won... 200 quid 🙁
Honda NSX, old style. When the new one comes out they'll be a [i]bona fide[/i] classic. It's likely we'll see the older ones hitting £40k+ sometime soon.
Invest it with the HSBC in Monaco and Switzerland.
I take it you are already mortgage free and have maxed this years ISA? These guys look good for a fixed term... 3 years at 4%
https://info.castletrust.co.uk/landing/dtc/frb-02/?ct_source=google&ct_medium=cpc&ct_term=castle%20fortress%20bond%20%3E%20 [exact]&ct_content=brd&ct_campaign=1_Brand_CT_Products_Fortress_Bond_Exact&gclid=CJWY9tXGi8QCFS7MtAodUVsAlg
Pay off debt.Passive managed equity Isa. Some more in an is a next tax year ( a few months away). Keep some in cash, a few thousand as liquid funds. Try a p2p lender like zopa. If you are a higher rate tax payer then consider putting some in your pension. If you have kids set up a junior is a for them.
I have just started dabbling with Zopa which is a peer to peer lending setup. I would not stick the whole 30k in there though.
Maybe max ISAs, 10k in Premium Bonds and the rest in something like zopa?
Not sure the world really needs any more buy to let landlords.
Stick it in two bestinvest ISAs, assuming you're married and trust your wife (apologies as have not read whole thread).
Serious answer? Buy 6 lots of 5k in different shares. Choose companies that you have some sort of interest in or knowledge, not that you are going to always pick winners but it keeps you interested. Next time you have a spare 5k (if ever) do another one, etc. You can deal cheaply via various on-line brokers, I use first direct cos we already bank with them.
Or go with a tracker and pay 1% per year for someone else to do slightly worse than average with your money...
By Oil as a commodity.
This. Buy a WTI ETF (US oil tracker) or bent crude (North sea oil tracker), the price is only going to go up from these levels medium\long term.
You could even trade it, WTI went up over 3% yesterday, sell at highs then buy back. Easier to just buy and check at weekly intervals.
Could buy Shell shares (RDSB) they are low at the moment due to low oil price and US strike, the strike talks are resuming tomorrow so price could start to rise. Good cash flows and paying divis (at the moment).
I had the same situation 12 months ago. Invested it all into stocks and shares ISA split between me and the Mrs, advised on the fund by HSBC. It's gone up in value 10% in that time. I'll likely lob some more in this coming tax year.
Edit: I should also have said I'm invested in a "fund of funds" so essentially you don't need to worry about researching individual stocks, the fund manager does that.
Maybe a simple option , but , how about opening a Santander 123 account.
Pays 3% on balances up to £20,000.
Do you wawnt to do something fun, or something sensible
Sensible would be split between ISA and investment account
Fun would be a classic car. A nice old 911, or something similar, will only go up in value.
Invest it in you and your family. Go [b]DO[/b] something that you will remember for the rest of your life.
It's only money.
Rachel
2x Porsche 996. (Carerra 2 and 4)
leaves enough for a pot for keeping nice.
Once the world gets over the IMS shenanegans, I reckon they will give a good return.
Buy gold, it's pretty low at the mo, and it is always good when economies are unstable and with £30k you can buy enough to notice small fluctuations. If you buy UK coins you escape VAT and some tax (capital gains i think?) since its currency.
I'm watching silver closely as I have less to invest and am buying on individual basis, but silver is at a real low at the moment, but looks to rise if technology stays using it in micro electronics and solar panels. However manufacturers will be aware of that and may look to non precious metal alternatives to avoid being trapped by an investors market.
"can tie it up for a year or so if necessary" and "investment" don't really go hand in hand unless you are willing to risk losing lots/all of the capital.
Cash - RateSetter for a year will give 4% or so.
Shares - half decent funds or individual equities should give similar return and possibly some capital return as well. Plenty funds that aren't unit trusts - inv. trusts are possibly a better bet.
As you know there are 2 answers
One risk it. That's shares etc. You might get more you might get less
Be safe and basically know what you have in a years time
I'm surprised how many people said risk it
Feed back from people who the risk payed off for isn't much help
If you can only tie it up for a year or so then a cash deposit of some sort would be your best bet but you won't get much of a return. If you are comfortable with tying it up for a bit longer then investing in shares/funds (or pension if you want to minimise your tax bill) is probably your best bet.
As you know there are 2 answersOne risk it. That's shares etc. You might get more you might get less
Be safe and basically know what you have in a years time
Answer 3, split the amount between Answer 1 & Answer 2.
Hold back what you might need in short term and invest the rest, Oil, India stock market(NII), OIEC (unit trust), Investment Trust or tracker.
Thanks for the myriad of replies!
Buy to let is out anyway, we have 2 renty houses & don't want any more.
Cars? Never, nowhere to keep it & little interest in driving apart from necessary journeys + you've got all the usual upkeep.
Maybe I should've said 'short term investment'. Looks like the ISA type option as we're not risk takers. (you'd know this if you've seen me on the bike!)
[url= https://farm9.staticflickr.com/8576/16515756380_21742bd7c1_z.jp g" target="_blank">https://farm9.staticflickr.com/8576/16515756380_21742bd7c1_z.jp g"/> [/img][/url][url= https://flic.kr/p/raryYm ]ftse[/url] by [url= https://www.flickr.com/people/7615885@N08/ ]John Clinch[/url], on Flickr
I'd say a year looks to short for the stock market
Some good advice here re above, 2 years is too short for the stock mkt. Its all about time not timing, my portfolio of similar companies listed above is yielding c 5% on the dividends & the capital is c 3-4% pa.
Diversification is the key - my max on any 1 stock is 5k - picked up some real winners (Imperial, Shell, National Grid) but some real dogs (Centrica, Sainsburys). The net result is +ve & the capital is increasing year on year.
I like the quarterly payers - ULVR, RDSB. Reinvest the divis & forget all about them.
BTL is the future but you need 300k now for a decent Londonish 1 bedder.
Premium bonds, could add a little excitement. (very small)Potential to win a life changing amount. The only risk you would be taking is losing the value that you would get in interest, or if the UK gov goes Greek.
India!
Funding Circle? 'Little and often'
Good headline figures but once you have factored in charges and bad debts the returns are pretty ordinary. In fact I would say the same for Zopa as well although they appear to manage bad debts better and that is reflected in the slightly lower headline returns.
I'd say a year looks to short for the stock market
Yes but it depends on when you start your year!!
Also that doesnt reflect the reinvestment of dividends whcih would increase your returns.
I havent read all of the above:
I would invest in a stocks and shares ISA. If you havent used your allowance you can tie £15k up today and £15k in the new tax year. If you want a "relatively" low risk one I would recommend Fundsmith and you can withdraw in a year with the possibility of some growth. They are not short term investments and past performance etc but last year saw around 28% growth.
Fundsmith really does look good - thanks Surfer for the tip. But funny how they don't let you see their performance data prior to 2010. Assume they made a boo boo
The fund only started in 2010. It was started by Terry Smith. He has quite an interesting and straightforward approach to investing which makes a lot of sense to me. If you look for him on on Youtube he is quite a good speaker
Fundsmith started in November 2010, terry smith was in the industry for along time before that though.
Edit: As above. (Posted at same time)
Thanks - that explains it!
For comparison, my Bestinvest ISA returned 7.8% last year. OP could do a lot worse than Fundsmith, then. Particularly as they are not that exposed to the 'toppy' FTSE 100 (see chart a few posts above)
Particularly as they are not that exposed to the 'toppy' FTSE 100 (see chart a few posts above)
I'm surprised that anyone invests in a cash ISA given the trivial returns. Investing in a fund either directly or via a platform is so accessible and given that they can be traded quickly means if you manage it carefully the risks are very small.
I'm surprised that anyone invests in a cash ISA given the trivial returns. Investing in a fund either directly or via a platform is so accessible and given that they can be traded quickly means if you manage it carefully the risks are very small.
Probably because of the usual message always trotted out about losing lots or all of your investment:-
"can tie it up for a year or so if necessary" and "investment" don't really go hand in hand unless you are willing to risk losing lots/all of the capital.
It's like people don't realise there are lots of of different options available depending on your time span and risk tolerance. True all investing carries some risk, but with rates where they are now you need to look a bit long term.
The 'go for a tracker or don't bother investing brigade' don't help matters, some people might want a lower risk multi asset or Abs Return fund to give less sleepless nights!
Campervan with canoe & bike racks?