My bank account has just gone over £50.000...and the interest rates are increasing all the time...how should I invest my money?
2007-01-13 22:40:43 · 13 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Lock your money away in a Bond over 2,3,4 or 5 years...you get great returns!!!
2007-01-13 23:11:17 · answer #1 · answered by Anonymous · 5⤊ 1⤋
Well it sounds like you just came up on that amount somehow. With that much.. I'd pay off all debt first. I'd put away about 3 to 6 months of you're monthly salary away in case of emergencies or loss of job. Then I would start investing. Divide it up into mutual funds and money market funds depending on what your financial goals are. You should look into getting an investor to help you put your money where it belongs. Save about 10K for a house too... that would be a nice down payment.
2007-01-14 06:48:26 · answer #2 · answered by qwertyness85 2 · 1⤊ 0⤋
Find some investments that pay high interests. Some of these companies include certain shipping companies.
2007-01-14 06:49:44 · answer #3 · answered by Benvenuto 7 · 0⤊ 0⤋
Invest it in property. Im the owner of my own property development business. I tell you what. give the money to me and forget about it for a couple of weeks. That should give me enough time to flee the country.
2007-01-14 06:49:01 · answer #4 · answered by Bruce P 1 · 1⤊ 0⤋
See a financial adviser that does not charge. He makes his money from the commission paid by the accounts he tells you to open.
2007-01-14 06:45:16 · answer #5 · answered by ANF 7 · 0⤊ 0⤋
Invest in your investment education, then you'll be able to multiple your return on investment exponentiallly.
2007-01-14 06:51:23 · answer #6 · answered by Muga Wa Kabbz 5 · 0⤊ 0⤋
If you're in the UK, have you checked out zopa.com? I'm here in the US and loan money on Prosper.com, a person-to-person lending site. I understand zopa.com is similar there.
2007-01-14 06:49:18 · answer #7 · answered by Anonymous · 1⤊ 0⤋
care to share the love? LOL. I don't know how much 50,000 pounds is in AUD
2007-01-14 06:48:35 · answer #8 · answered by ♤ 5 · 0⤊ 0⤋
property is still the way to go, but only if you can buy in cash.
2007-01-14 06:43:59 · answer #9 · answered by gina 5 · 0⤊ 0⤋
Deposit on a house or flat or whatever you can afford.
2007-01-14 06:44:02 · answer #10 · answered by Anonymous · 0⤊ 0⤋