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Have recieved a huge bonus of 70K - how best to invest? Property? right time to invest here?
Shares? dont know anything about them
Premium bonds? no chance
Anything else? Never heard of it.....

Help please...

2006-11-09 00:38:25 · 31 answers · asked by Mr 1 in Business & Finance Investing

31 answers

Spread your investment - interest rates just got boosted, to anything tied to the BOE base rate is going to rise in value, but the property market shows no sign of tailing off. However, 70k is not a great deal of money and there's no point in just getting a two bed terrace in the middle of nowhere just for the sake of it.

Keep the money close at hand by investing in something which doesn't tie it up for too long. 1 - 3 year stepped rate savings bonds which allow you access to your money a set number of times per year are probably your best bet. Other than than, anything tied to the FTSE is going to have to rise faster than 9% per year in order to outperform fixed income products, so stick to managing a small portfolio if you want to rather than shoving the lot into shares.

If, after three years, you haven't spent a penny and you've got 77 - 80k, then you've done well.

2006-11-09 00:46:11 · answer #1 · answered by PETER G 3 · 1 0

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2016-02-16 15:02:15 · answer #2 · answered by Anonymous · 0 0

DUDE!!!! You finally won.. better jump on the band wagon before they leave you behind. Send them what they want and collect your money. If they dont follow through with what they have said then take them to court and sue them for it and more. Make sure you read the little teenie weenie fine print on the whole page you were sent and understand what it is saying first though. And look for words like (possibility) and phrases like (for a chance). These are sure give aways that you haven't actually won, but have the possibility to do so in whatever oncoming mail that will continue to come your way from them. You giving them your information is just a way of them knowing that your email address is active and there is someone that will respond. This is known as a bait and trap situation before they dump everything else on you..

2016-03-19 05:44:39 · answer #3 · answered by Anonymous · 0 0

The best way to use that money would be to pay off any form of debt that you still have, Credit Card, Mortgage, Car loans etc. they charge more interest than anything that you will recieve in any investment. If you still have a bulk left over, and you know nothign about stocks then buy in Index Funds or put some away in an IRA / Pension fund. the only other thing I can think of is to open a Call account or CD and find out what rates they're offering.

2006-11-09 07:57:42 · answer #4 · answered by Wibble 4 · 0 0

If i were you i would invest it in a high rate icer with this the interest is very high and you could increase that amount massively if you don't need the money right now. If yo are in the UK i would use the CIS and get a financial adviser from there and they can tell you where is best to put your money.

Hope this helps!

2006-11-09 00:47:37 · answer #5 · answered by english_monster 2 · 0 0

The best thing i think you should do is go and see a independant financial advisor. They will explain all the different options available and the gains and risks. It all depends on what you want to do with your money, ie keep it close incase you need it for anything ( counts a bond out as the money is gone for a set time). Property, can't really afford a property unless you got a mortgage for the rest and rented it out to pay the mortgage. When the mortgage is cleared you would have all the capital. this a very long time investment though.

Shares are good but risky, they go up and down and on that sort of money could either make you a lot of money or loose a lot!!!

Best off speaking to a IFA, may cost a little but will definately pay off in the long run.

Enjoy the money anyway and congratulations for the bonus, all i get is a bottle of wine for chirstmas!

2006-11-09 00:55:51 · answer #6 · answered by Gman 2 · 1 0

THAT'S ABOUT WHAT CHRISTMAS IS COSTING ME THIS YEAR...GOTTA GET MY GFRIEND A NEW CAR

2006-11-09 00:41:38 · answer #7 · answered by michael b 5 · 0 3

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2016-05-01 08:11:33 · answer #8 · answered by ? 3 · 0 0

My advice is that you should think about VCT or EIS investment. These have beneficial results according to your investment amount.
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2014-01-26 20:04:37 · answer #9 · answered by Frank 1 · 0 0

Property - tends to go up in value, and you get a good return through leasing. Commercial property is a good bet, if you can afford to borrow an additional 30K or so - as a long term investment, it should be well worth your while, as long as you get a good provenant and long lease: 10 or 25 year lease, with rent reviews every 3 or 5 years (where you can increase the rent due to you in line with the going rate at thet time...you could also buy land in a brownfield site and sit on it...

2006-11-11 03:21:31 · answer #10 · answered by ticket2ride 2 · 0 0

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