2007-03-20 02:23:01 · 15 answers · asked by JAC1e36 1 in Business & Finance ➔ Investing
I'd say spread it around a little, for instance:
Stick £5000 of it on Premium Bonds
http://www.nsandi.com/products/pb/index.jsp
Lend out £1000 at ZOPA (online lending & borrowing exchange)
http://www.zopa.com/ZopaWeb/affiliate/?referral=duck1979
Here's where I first heard about it:
http://www.fool.co.uk/news/comment/2006/c060406d.htm
http://www.fool.co.uk/news/your-money/current-accounts/2006/10/24/better-than-banks-and-building-societies.aspx
The remaining £4000, I'd look into purchasing a few shares with it. Here's an article on "How to profit from shares" if you're unfamiliar with the process: http://www.fool.co.uk/school/2006/sch060130.htm
Perhaps doing it through HALIFAX SHAREBUILDER, so more of your money goes on Shares, and less on commission fees:
http://www.halifax.co.uk/sharedealing/sharebuilder.asp
As for which shares to buy, that's really for you to research yourself @ somewhere like http://quote.fool.co.uk but personally I'd look at "Royal Bank of Scotland" 'cos they pay a big dividend + they also own NatWest, who I had a little disagreement with in 2005/2006 (and with a bit of luck in a couple of months time I won't have to use the overdraft facility on my accounts at the Halifax I opened instead because of it as much as I have).
http://quote.fool.co.uk/Hop2Partner.aspx?page=forecasts&symbols=RBS
Admiral Insurance, HBOS + Aquarius Platinum have been showing potential lately too.
http://quote.fool.co.uk/Hop2Partner.aspx?page=forecasts&symbols=ADM
http://quote.fool.co.uk/Hop2Partner.aspx?page=forecasts&symbols=HBOS
http://quote.fool.co.uk/Hop2Partner.aspx?page=forecasts&symbols=AQP
2007-03-20 08:34:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Seriously ... invest in Premium Bonds. The money stays there and there are numerous prizes to be won - £50 up to £1 million each month
I invested £15k and over the last year have received nearly £800 in prize money ... better than I could get at a bank and it's tax free !
2007-03-20 02:42:17 · answer #2 · answered by caroline b 2 · 0⤊ 1⤋
What is "best" for one is bad for another. What is your time horizon (how long until you need) for the money? What is your risk tolerance? Do you have any other investments?
2007-03-20 02:27:43 · answer #3 · answered by gosh137 6 · 0⤊ 0⤋
Hi,
Why don't you want to stard forex trading yourself?
I could provide you with few trading books and could recommend broker that I use for several years.
If you don't want to trade yourself then you may invest with trader who accepts private funds.
Forex is probably most exciting and most profitable business in the world. Yes, it is risky but if you transact in smart way you'll succeed.
If you have any question please don't hesitate and contact me via e-mail or pm.
Good luck!
2007-03-20 04:33:36 · answer #4 · answered by VP 3 · 0⤊ 1⤋
By golly that's a bloody amount of weight to be lugging around good sir!
2007-03-20 02:44:34 · answer #5 · answered by rmcgee20002 3 · 1⤊ 0⤋
The bank of little ninny
2007-03-20 02:38:10 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Buy a small immovable property, if not enough, use it as a deposit on a bond.
2007-03-20 02:30:32 · answer #7 · answered by Peter V 5 · 0⤊ 1⤋
premium bonds you could win a million.plus you can get always get your money back in full
2007-03-20 02:36:32 · answer #8 · answered by seaview 6 · 0⤊ 1⤋
Spend it at my club "Jiggle",if you survive the night, you will have memory's that will last a life time...........I say
2007-03-20 02:29:34 · answer #9 · answered by Anonymous · 0⤊ 2⤋
Spend it on yourself.
2007-03-20 02:28:23 · answer #10 · answered by Mister 1 · 0⤊ 1⤋