£15,000 to invest,, advise please - HotUKDeals
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£15,000 to invest,, advise please

huckerbee Avatar
1d, 1y agoPosted 1 decade, 1 year ago
Hello, I have got £15,000 to invest, I want and good rate of return and would consider a risky option. Has anyone good any suggestions?
huckerbee Avatar
1d, 1y agoPosted 1 decade, 1 year ago
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#1
Post Office bonds at 4.5%pa fixed.
£15k + 5 years = £18,118 (GOT YOUR NUMBER!)

or

Halifax ISA at 5% pa var
£15k + 5% a year = £750 profit per year
#2
Obviously, any posts here cannot be considered as financial advice. Please seek an independent financial adviser.

Whatever you do, wrap it in an ISA. An ISA means that you can invest £7,000 per person without paying tax (income tax or capital gains tax). So if you have a partner, use up both your allowances (gets you to £14,000).

I would consider investing in equities, e.g. through a tracker. Fidelity offer a tracker with 0.1% management charge, which seems to be popular at the moment.
#3
You could buy Sony PSPs or Apple iPods in bulk and sell on ebay, that would be more fun that watching a monthly bank statement, and i think you could make 10-40% profit

you supply the cash (to the supplier, not me!), i'll do all the hard work and we'll split it 50/50 :)
#4
LOL reaps!
#5
by the way i'm not suggesting 15000 all at once, you could do a minimum order around a grand or two
#6
buy 15000 worth of premium bonds while your deciding on what to do with it :)

You never know.....................
#7
If you've got a mortgage then you could pay off a lump sum - you'll struggle to find a better 'low risk' investment than this. Effectively you'll earn your borrowing rate (typ 5%) on your money tax free! (no £7K limit like there is with an ISA)
#8
Isn't there a limit to how much can be added to an ISA at one time?
#9
£7,000 per tax year (april to april) in a maxi isa.

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