2006-10-13 00:25:44 · 29 answers · asked by Pattythepunk 3 in Business & Finance ➔ Investing
Markets are looking pretty strong at the moment. It maybe worth the investment but there could be a downward correction in the Spring, in which case you have bought in near the top.
Of course the risk is yours, but if you are feeling conservative maybe some government bonds? At least their prices should be more appealing at this time.
Otherwise there are plenty of accounts giving 4-5% gross.
In any case it would be worth having some professional advice on the matter. £27900 isn't a vast fortune in todays terms, but a figure like that you can build up a nice nest egg. What your longer term strategy should be is to identify a share which is giving a good yield, and invest the whole lot in it, taking the dividend as additional shares. But, as I said earlier, it has to be but in at the right price (ie. when the share is at or nearly at its lowest). Compounding the interest over 20 years could really set you up nicely for retirement.
2006-10-13 00:54:30 · answer #1 · answered by 13caesars 4 · 0⤊ 0⤋
I don`t know what a quid is ?
Take the remaining money and put 20% and put it into a bond fund. Then take 10% into a CD then 40% into an equity income fund and lastly put the rest into a health care fund .
Healthg care is going to be big in the year 2010 and growing from there . After you invest LEAVE IT ALONE until you want to retire !!!!!!!
2006-10-13 07:38:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Great, that is actually how I feel I have profited so well . I give 10% of my income and sow more seed into good soil. A while ago I decided to invest in a Great business opportunity that allowed me some freedom and the luxury of traveling where I want while making money too. I've never looked back. Check this out go to shahansdestinations.com , I LOVE THIS BUSINESS!
2006-10-13 11:31:10 · answer #3 · answered by Laura S 4 · 0⤊ 0⤋
Make an appointment to see a financial adviser. They will be able to tell you where is best to invest it. That way, you may even be able to get a monthly income from it. It won't be enough to retire on, but will make your life even sweeter. Oh, and don't tell any of your friends about it. Gold diggers are everywhere and you will find yourself lending out money you never see again.
2006-10-13 07:29:39 · answer #4 · answered by Emma W 4 · 3⤊ 0⤋
Send some on a really good hoilday and then but the rest in the bank and dont worry for a few years or but it towards a house. send all on boze and lose women and drugs
2006-10-13 07:28:35 · answer #5 · answered by Ben 3 · 0⤊ 0⤋
charity never ends. create something like a old age home, where you can spend your last days. only when the end nears, people understand that they shall not carry anything to the otherworld, other than other's love and peaceful end. the old age home will be charity *** investment for one's own containment.
2006-10-13 07:46:27 · answer #6 · answered by sarjan 3 · 0⤊ 0⤋
Buy a car go to disneyland in florida do all your xmas shopping take me out tonight and put the rest in a savings account.x
2006-10-13 07:28:58 · answer #7 · answered by *DB* 3 · 0⤊ 0⤋
Invest in the company ARG Ltd, I work there and we are just about to be purchased by a very large company, share price will go through the roof, don't tell anyone else though.
2006-10-13 07:36:49 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Lucky you, if I had the good fortune of inheriting £31.000 quid, I would add a tenner to it and pay off my debts
2006-10-13 07:48:39 · answer #9 · answered by Savant 4 · 0⤊ 0⤋
Invest in my jewel craft designs =) ..I am sure I could make your money grow more.. Then, like you, I could also give to charity thru earning from the jewelry business.. We can help each other =)
2006-10-13 07:37:20 · answer #10 · answered by Bev 2 · 0⤊ 0⤋