I've got £90,000...?

Question

Whats the best way to Invest this money ? guessing low risk with max return over 12 Months, anyone got any Ideas ? and what can i expect to get back if I just forget about it for the year ? ...Thanks

Hey deadman.. a FA would take 4% of anything that MY money earns plus a consultation fee ! Why should i pay him when i can ask here for free ? perhaps I'm looking for a FA here ? is that a good enough question for you ?

Answer 1

Cant imagine how one of your answers came up with a g'teed return of 12%?? over a short period of 12 months.
Even if you get into a 5 year investment tax free which means you pay no tax at all on your interest you wont clear any where near to 12% a year.
Investing that amount for a just year I would say you would be very lucky to 'clear' 6% so after a full year you would have a grand total of £95,540, assuming that there is no significant change in the UK tax rate!
Oh yes these 'poor' people just dont understand the problems we rich folk have trying to resolve our problems!

Answer 2

Simple - the timescale is 12 months and you want maximum return. I would therefore research rates for 12 month fixed term deposits. You could probably get 6% gross p.a. or more (bear in mind the interest is taxable as savings income at 0%,10%.20% or 40% depending upon your income tax status). Put £3,000 into a cash Mini ISA to get gross interest. Don't withdraw the money early or you'll suffer interest penalties.

Avoid Premium Bonds - the average return is a measley 2% p.a. which means in real terms you will be poorer in 12 months time.

Answer 3

Whatever you do, do not use a FA or stockbroker.
First, place your money with the group deposit office in a bank such as Natwest (GDO) this will give you generally a better rate & will give you time to research.
You could put up to £30,000.00 in Premium Bonds this could earn as much as 10% p.a tax free also a chance of winning £1m each month.
Look at stock market, choose wisely, exploration & mining may be good to watch. Remember dont work on stockbrokers advice they want to offload shares.

Answer 4

I was advised by my bank recently for investments of £300,000
Premium Bonds. Updating your Property. National Savings. & a proportion invested over five years in a building society. All safe and tax free arrangements. There are a lot of investment experts out there but they gamble with your money, and you can loose out badly!

Answer 5

First of all put it in a high-interest bank account so it will make money for you without you needing to worry about it. Then buy an appartment or a small house in a developing area eg. Northern Ireland and sell it on for almost £30,000 profit in a year. My house increased in value by £100,000 in the past year alone, so it's definately worth looking into.

Answer 6

fill your ISA's for this year and next which is 14k. Look in the FT or MONEYFACTS at the best performing corporate bonds or a low risk investment. I am a financial advisor but I suggest you contact one face to face.

Answer 7

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Perhaps it’s true when it comes to traditional stocks trading but definitely not true in the case of binaries. You don’t have to be an expert to predict the movement of certain assets.

Answer 8

holy crap! yeah but u could consider putting it in a c.d. if you could manege not touching it for a while. the have low risk and great returns. i think 12 months would get a 12% return???

Answer 9

If you really had £90k to invest you would be speaking to a financial advisor, instead of asking here.

Go away and have a think about a proper question to ask.

Answer 10

Premium bonds, my other halfs old man has £25k worth and wins min £1k a month and you can take it out when you want!