I have got £200,000, what would be the best place to put it?

Question

I am not going to touch it for about 3 years and want a low risk option with as much income/gain as possible. Not willing to take any risks.

What is the best option?

Answer 1

In my wallet.

Answer 2

Speak to an Independant Financial Adviser. There are certain products on the market place that guarantee your original capital and provide income.

Yes you can buy property, but think about all the charges, solicitors fees, stamp duty, etc, etc.

You could stick it in the bank, but even with the best 30 or 60 day notice accounts you would still only get 5 or 6% GROSS per year interest.

The Guaranteed products were making 10 to 14% last year and your original capital is guaranteed and you are able to take an income upto 7.50% of the original investment.

Its a very difficult question to answer without knowing your full financial situation and attitude to risk, but i would seriously recommend you seek independent financial advice.

Answer 3

I would go to an Independent Financial Adviser for advice as I would say the best thing to do would be to spread your investment over a range of products rather than a single thing.

There is always a risk in any investment, including property, but things like government bonds, where you receive a guaranteed return, are worth looking at. A Financial Adviser would also be able to give advice on any tax implications as well - always worth thinking about with that sort of money!

Answer 4

The Canary Islands are identified to be the sunshine middle of Europe! See that sun with hotelbye . Canary Islands provide a moderate temperatures and a range of outstanding natural attractions. Five of its eight islands have already been reported a Biosphere Reserve, and the archipelago has four national parks. The absolute most outstanding attractions in Canary Islands would be the beaches since they are just ideal for comforting in sunlight or enjoying water activities such as windsurfing and scuba diving. In Canary Islands you may also be impressing by the inside appeal like: hiking, routine touring, climbing and also caving. Some of the very spectacular attractions of Canary Islands are: the volcanic scenery of Lanzarote, the beaches of Fuerteventura and Gran Canaria with their sand dunes, or the natural woods of La Palma and La Gomera.

Answer 5

The best option is to invest with the money and banked the remaining ones or buy a share,land or house and lease the house or land for about 10years u will be surprise when u see the interest in ur money.That is my advise 4 u.

Answer 6

PROPERTY! Seriously, invest in a property, rent it out and then in 3 years not only would the rent have almost paid the house off, but the value of the property would have increased so when you sell you will make a tidy profit. One that will probably allow you to buy the house you want to live in. Geeze, I wish I could ask this question!

Answer 7

You could purchase a property in Lanzarote, Canary Islands. The weather is very nice all year round. You can rent it out long term or holiday lettings. You can have a holiday home with income and you know that the value of the properties never comes done.

Answer 8

Property is your best investment all round.
Consider rental while your at it,

eg. 2 small flats at £100k each
3 years rental income @ £400 each/month = £28 800

Return upon sale at 5% increase per annum = £31 000

Total profit = £60 000

Answer 9

buy some properties

You will make up to 10% a year, you wont find those sort of returns anywhere else!

You could probably purchase a few houses on that, then sell them at the end. As long as you buy nice houses, try buying ones that are being built.

1. You will buy them at current market prices
2. Typically expect 15% off current market price
3. In the time it is being built you can make 5% on your investment
4. As soon as they are built, sell them at full price, making 20% on your investement

or just give it to me

Jamie

Answer 10

Open a Swiss Bank account that has no risks. Otherwise buy government bonds. Thirdly, look out for the largest IPO in China. The largest China bank is going to get listed soon. It's a sure bet.


Regards,

Edmund Ng
CEO, Founder
Infinique Technologies
http://www.infiniquetech.com
http://www.purchaseresume.com
http://www.itjobs.com.sg
http://groups.yahoo.com/group/SG_IT_Jobs

Answer 11

If your looking for a savings account then there are lots of internet accounts with good interest rates. Use the Yahoo money to find some of the best. Most banks have some form of account with higher interest if you agree to leave it there for a fixed term.