I am a Brtish woman working in NL (Holland) I have been on the internet actively in the past weeks - on this site in particular. I have been very fortunate to have been left a small ammount of money by a relative. I have always been in the red so it is a real godsend that I now can afford a few little luxuries.
I am very hesitant in spending any more and would like to invest this money wisely. Any ideas would be more than welcome. Thanks in advance
2006-07-11 23:54:56 · 6 answers · asked by insearchof... 1 in Business & Finance ➔ Investing
Thank you for your prompt replies. I have looked into the ISA's. What happens to it after the one year. I have two boys one 20 and one aged 17 can I also have ISA's for them. One more question what is the best an annual high interest account or one that I can tie up for maybe five years.
2006-07-12 00:55:12 · update #1
Lucky you! Pay off absolutely all your debts first - then you have a clean slate. You have the opportunity now to NEVER be in the red again! If you have any sort of mortgage in NL or UK, think about paying some of it off - it will reduce the term or make the payments less. If you have more than one credit card, get rid of all of them, but keep one - Visa preferably. Make sure you pay off the whole balance every month!! Put £3000 in a mini cash ISA or £7000 in a stocks and shares ISA - these are tax free. I would recommend Hargreaves Lansdowne (sp?). Depending on how much it is after paying into the ISA, Premium Bonds aren't a bad idea as the winnings are tax free too. Good luck!
2006-07-12 00:04:48 · answer #1 · answered by trimtautterrific 4 · 0⤊ 0⤋
Nationwide Building Society, eSavings account.
online transactions
NO commission on foreign currency exchanges, use a cash card in NL and just get charged the business rate. Other banks charge over 2.5%
2006-07-12 12:59:20 · answer #2 · answered by XT rider 7 · 0⤊ 0⤋
Ever since I step into the concept of using money to make more money. My various life expectation is higher. I managed to gain a consistant 5 Figure income after 2 mths.
This is not an advert, just sharing with you guys.
More info, you can see my personnal website http://www.cashcowsinc.com
Regards
Patrick
cashcowsinc@gmail.com
2006-07-12 07:53:03 · answer #3 · answered by Ryan Patrick 1 · 0⤊ 0⤋
Im not sure about you living in NL, but if you were in the UK I would say first of all use your ISA allowance (£3k cash, £7k stocks & shares) as this is tax free
2006-07-12 06:58:27 · answer #4 · answered by OriginalBubble 6 · 0⤊ 0⤋
I agree with sun M, put in in a high interest account until you find something you really want. Most good banks dont charge you for withdrawing your money whenever you want.
2006-07-12 06:58:57 · answer #5 · answered by CrayzeeKat 3 · 0⤊ 0⤋
put it in a high-interest account. no point taking silly risks.
2006-07-12 06:56:57 · answer #6 · answered by Anonymous · 0⤊ 0⤋