2007-10-26 02:14:06 · 7 answers · asked by Stacey C 1 in Business & Finance ➔ Investing
If you've got that much money and you're asking on yahoo answers where to invest it then you don't deserve the money
2007-10-26 02:18:11 · answer #1 · answered by Anonymous · 0⤊ 1⤋
People with that kind of money do really have a variety of options than simple bank deposits. Though most financial advisors would advise mutual funds and other stock picks, you have to know that they get paid by the funds to bring them business. Hence their recommendations may not be the best advise afterall. However, there are other options which you can look into yourself and make a decision.
For example, there are Fund Managers who can give you almost the same security as a bank, but higher returns, about 20-30% per year. These investments are available to High Net worth investors and completely transparent. These funds are regulated and audited by some top firms, so you know that you are dealing with genuine fund managers.
If this is something you would be interested in, buzz me here on yahoo.
Regards
2007-10-27 15:30:38 · answer #2 · answered by fx_invest74 2 · 0⤊ 2⤋
I HOPE no-one would be foolish enough to hold £1.5 million in a regular savings account in a bank! The bank's insurance does not cover that much in a regular "interest-bearing" account, so you could lose it all (but a few hundred thousand), quite apart from which, with that much money, inflation will far outpace ANY plain interest-payment rate!
£1.5 million should be in a brokerage account, or in Treasuries or CDs if you are ultra-conservative...
2007-10-26 02:36:05 · answer #3 · answered by Anonymous · 1⤊ 0⤋
The Bank of Scotland will give you an annual 6.35% interest rate on your 1.5 million, though i would advise shopping around.
Banks will want your money, though it may be worth inlisting some "professional help" if your looking to make a real sound long term investment with your money.
Happy hunting!
2007-10-26 02:28:47 · answer #4 · answered by D.W 6 · 0⤊ 0⤋
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2016-02-15 19:59:26 · answer #5 · answered by ? 3 · 0⤊ 0⤋
Try Northern Rock... they might give you a very decent rate for that much money !!
2007-10-26 02:23:13 · answer #6 · answered by Sam G 5 · 0⤊ 0⤋
You suggest you have £1.5m, are female and reveal your eMail address in your profile ...
... I wondoer how many guys will be crushed in the queue to scam you out of it ??
2007-10-26 06:10:06 · answer #7 · answered by Steve B 7 · 0⤊ 0⤋