Where can I put £157,000...to give me max income?

Question

My solicter has contacted me, to tell me to move your savings to a more secure and better interest rate....

I just want to invest the whole lot in one go so that i get a lump-sum every year......I need

Highest interest.......very secure....risk free....No ISA (max is only £15,000)

i keep thinking post office income bonds....but you can only invest £100,000

what do u recommend

zack

Answer 1

Invest in overseas properties, because GBP157,000 is nothing in the UK but like in Malaysia it is about RM1,200,000!

Like all countries, there is always some growth areas where property prices are growing steadily. Usually a return on investment of 20% per annum is not a problem.

In fact, if you are serious; I am willing to provide you a guaranteed investment income of 15% per annum as a joint venture partner to exploit the current opportunities available in the Malaysian property market with a minimum investment of GBP100,000.

So contact me at [e-mail]

Answer 2

Contact a financial adviser. But as a novice, first off, invest the max you can in ISA so the full £15k. you seem to be interested in risk free saving so I'd say you've got to stick with savings. The next, invest in the next highest interest rate, though you'll have to pay tax.

Or you can give it all to me and let me worry about it all.

Answer 3

Generally the higher the interest rate, the higher the risk. Lower risk investments pay less. So you'll first have to decide how much of it you could afford to lose, before you even start!

If the answer is "0%" then bank certificates of deposit are one of the safest things around. Also US Treasury Bills. The interest rate will not knock your socks off for the T-bills, but actually here in the US, bank certificates of deposit are hitting 6% - the highest they have been in years.

Good luck!

;-)

Answer 4

Important property prices can drop as well as increase.
You should be able to able get about 5% from a bank/building society. It is slighter safer to spread them round several businesses.

Riskier but higher return is property. I would buy several small properties in different new Europe Countries. A slovakian ski lodge/walking in summer for instance. Then mortgage them ( no more than 50%) and buy some more.
Free holidays, income from rentals and capital appreciation what could be better

Answer 5

Interest return in U.K is very low and the returns banks make is in the U.K is also low. Thats why Barclays bought ABSA Bank in South Africa.

I would recomend you Invest in South African Government Bonds their secure, low risk and offer higher interest rate. If you did not know about the South African Financial system is meets and beats 1st world standards and our Stock Exchange system is the same as in the U.K.

To invest in Bonds otherwise called Gilt funds you can contact Barclays, Standard Bank of South Africa or Investec in the U.K.

Answer 6

What is your age, very important information. Older you don't need to worry so much about inflation over 30-40 yrs.

Younger, you must factor in your present needs, earning ability,
and, inflation!

We are all living longer if we stay on the right tract, so income will be important, are you working.

These and many other factors must be weighed. Seek a
professional, remembering, bankers want the money, brokers
want the money, as do other "advisors".

Talk to Insurance representatives thinking deferred income growth, maybe annuities with guarantees.
or annuity funds.

Answer 7

You can't go wrong with a rental property. A duplex or apartment building is your best bet. You'll do better to hire a property management company to handle all the mundane tasks and all you have to do is receive the profits. People will always need a place to live.

Answer 8

You need to check out a superb website called Martin Lewis's Money Saving Tips. He covers all aspects of saving and is non profit making. This man is superb. Good luck!

Answer 9

Log onto HSBCdirect.com. They pay 5.05% int. with no min. and no required holding period. You can put the money in and take it back out when ever you want and it's free! That's 8 times the national average. I recommend it to all my clients.

Answer 10

Invest in large corporations. Petroleum should be doing good for a while.