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I have £10,000 to invest

Ibz52007 Avatar
banned9y, 8m agoPosted 9 years, 8 months ago
Hi guys anyone got any idea how to invest £10,000 i don't want risky investment and a minmum of 10% profit?
Thanks in Advance:thumbsup:
Ibz52007 Avatar
banned9y, 8m agoPosted 9 years, 8 months ago
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banned#1
Any more info, i.e. length of time of investment?
#2
premium bonds
banned#3
No guarantee of the 10% profit though and you are not entered into the first month after you buy the bonds.
#4
JDeal
No guarantee of the 10% profit though and you are not entered into the first month after you buy the bonds.




whats your point? lol
#5
Premium Bonds will almost always lose in comparison to a decent savings account return. You might want to talk to an independent financial advisor if your intention is to invest the whole 10K and are looking for a low Risk - high Return investment.
banned#6
dunno
whats your point? lol


Nothing, I agree with you.

I think premium bonds are great, but only for some people.
banned#7
sintass
Premium Bonds will almost always lose in comparison to a decent savings account return. You might want to talk to an independent financial advisor if your intention is to invest the whole 10K and are looking for a low Risk - high Return investment.


Almost always lose, is a bit harsh. Especially for 10K worth, someone I know invested 1500 pounds in premium bonds and in the first three months got 100 pounds. Which at the time would have been about 15 pounds or less in a saving account. The inflation rate at the moment is about 3% I believe, so over a 12 month period on 10k will be 300 quid lost - plus prizes are tax free.

There is no way you would get 10% back in a year, so this is probably a long term investment. I would probably split it 50:50 in a savings account and premium bonds.
#8
JDeal
Almost always lose, is a bit harsh. Especially for 10K worth, someone I know invested 1500 pounds in premium bonds and in the first three months got 100 pounds. Which at the time would have been about 15 pounds or less in a saving account. The inflation rate at the moment is about 3% I believe, so over a 12 month period on 10k will be 300 quid lost - plus prizes are tax free.

There is no way you would get 10% back in a year, so this is probably a long term investment. I would probably split it 50:50 in a savings account and premium bonds.


I've had £6500 worth of premium bonds for just over two year and won... nothing. The bottom line is premium bonds are part investment and part gamble, not the sort of thing you want to be throwing £10k at unless you’ve got another £90k tucked up in an off shore account somewhere :lol:
#9
Premium bonds is not an investment.
Your investment should take into account your tax liabilities and risk factor also the length of time you can invest your money.
The new ISA season starts on the 4th of april you are allowed to invest £7000 tax free. If you want access to the money I would suggest a bank like icesave.com they will pay you 1% above the bank of england minimum rate.
Shares are also another way to invest either directly or through a tracker fund and can be included in your ISA.
In other words you have a lot of research before you should consider the way you invest as charges and tax can take a considerable chunck of your investment income but with a bit of research you can cut these. Have a look at www.iii.co.uk as a start
#10
Totally agree with you tonyd. Another site worth considering is:-

http://www.moneyfacts.co.uk/ who offer unbiased quick search details.

In all honesty, unless you are prepared to take a bit of risk you will not get 10% & if you are inexperienced I would also advise (as sintass does) that you go to an IFA, but make sure you chose one that charges by the hour as they sometimes lean towards products that they make the most commission from.
#11
Firstly I'd invest £3k in a the top interest earning cash ISA..see the MSE website for the top rates.....the best stocks/shares ISAs I have held in terms of steady returns and consistent performance have been Jupiter Income and Jupiter European...go to [url]www.chelseafs.co.uk[/url] who are an online investment supermarket who offer attractive discounts on the up front charge for buying into a fund...if you have not invested in any ISA's this tax year then you can put £7k into a stocks/shares ISA and then in the new tax year put the £3k into a cash ISA.

Also look at [url]www.moneyfacts.co.uk[/url]
#13
Another good site for all sorts is advice (not just investment):-

http://www.moneysavingexpert.com/
#14
I actually can't believe someone with £10k is asking on an Internet Forum where to invest it.

No or low risk with a minimum of 10% return? And you've only got £10k to invest? Good luck.
banned#16
Gaz
I actually can't believe someone with £10k is asking on an Internet Forum where to invest it.

No or low risk with a minimum of 10% return? And you've only got £10k to invest? Good luck.


It depends, if the bloke is looking to make his minimum 10% return over 10 years it is obviously pretty much guaranteed.

If it is over 1 year, it is very nearly but not quite impossible.
#17
sintass
low Risk - high Return investment.


depends what your meaning of "low" risk is - is there any such investment vehicle that has a 10% return with a low risk - I am sure many would be interested in that.
#18
give it to me ill go all out on the blackjack and hopefully i should double or triple it

ill give u 11k back and ill keep the rest!
#19
i have invested £11000 in the last year. I put £2000 in premium bonds (won nothing so far), £6000 in ISA (5.7% right now with BOS), and £3000 in a flexible websaver account (5% interest).

The ISA seems the best bet, but premium bonds is like playing the lottery every month without losing £1!
#20
JDeal
It depends, if the bloke is looking to make his minimum 10% return over 10 years it is obviously pretty much guaranteed.

If it is over 1 year, it is very nearly but not quite impossible.


Well, that's very true, if it's over 10 years then any standard bank account will get him that over 10 years. Won't make any profit though as inflation's higher than that :)

I work as an Investment Analyst for Prudential, and I've never seen a low or medium risk investment that offers 10% return per year.
banned#21
Hi guys thanks for all the good ideas i think i might just put the money in a high intrest saving account and leave it for 2 years minimum. What the highest intrest saving bank account?
Thanks
banned#22
Remember Tax on the interest rate.

Unless it is something like an ISA.
#23
stick it all on chelsea tonight at 21/20
banned#24
eyebaws
stick it all on chelsea tonight at 21/20


You have faith :thumbsup:
#25
Ibz52007
Hi guys thanks for all the good ideas i think i might just put the money in a high intrest saving account and leave it for 2 years minimum. What the highest intrest saving bank account?
Thanks

ICI or http://www.icesave.co.uk/
#26
Ibz52007
Hi guys thanks for all the good ideas i think i might just put the money in a high intrest saving account and leave it for 2 years minimum. What the highest intrest saving bank account?
Thanks


If you look on [url]www.moneysavingexpert.com[/url] you'll see articles relating to best interest rates so my advice is to check it out.
#27
eyebaws
stick it all on chelsea tonight at 21/20

:) there you go... i would have doubled your cash in 1 night :lol:
banned#28
Not at them odds!!!
#29
JDeal
Not at them odds!!!

HOW?
#30
at 8% tax free until may 2008. you have to put half in for a longer period of time. ie put it in for 3.5 years and guaranteed a return of 9% i think. leave it for 5.5 years and guaranteed return is 23%

put your allowance in for this side of the tax year and then straight away for the next tax year

the remainder put in simple high savings account
#31
eyebaws
HOW?



I THINK he'd have got £10,500 back including his stake, so you would have made him £500 :thumbsup:
#32
To save eyebaws the trouble, no, stake would be on top, so £10,500 profit. Plus of course, if you were really doing it, you'd go to a betting exchange rather than a bookie, so you'd expect at least £11k profit.

Even chelski wouldn't be attractive anywhere away at 1/20 odds, trust me.
#33
Betting exchange is an interesting concept actually. If you risked £1000 on a 1/100 shot you win a tenner so you only need to spot one of those of week (and for it to win) and you get 50% return on your money over the year...

Only problem is that 100-1 shots sometimes win, so not what you'd call low risk.
#34
Don`t forget you have 5% commission on top to pay the exchange
#35
sossidge
To save eyebaws the trouble, no, stake would be on top, so £10,500 profit. Plus of course, if you were really doing it, you'd go to a betting exchange rather than a bookie, so you'd expect at least £11k profit.

Even chelski wouldn't be attractive anywhere away at 1/20 odds, trust me.

thanks.. saved me typing that out :-D
#36
tonyd19565
Don`t forget you have 5% commission on top to pay the exchange


fair enough.

it's a nice little gamble sometimes, when there's a dull passage of play, laying a grand on no goal or whatever and settling it like 30 seconds later to make 1%. £9.50 pocketed but it don't half get the old ticker fluttering.

i guess some of us like to live on the edge...

:?
#37
Ah ok, thanks I understand now. Extremely risky but imagine how good you'd feel winning all that!
#38
Ibz52007
Hi guys anyone got any idea how to invest £10,000 i don't want risky investment and a minmum of 10% profit?
Thanks in Advance:thumbsup:


If you think a 'minimum of 10% profit' and no risk is acheiveable with base rates currrently at 5.25% then good luck to you.

If it were that easy do you not wonder why everyone isnt doing it?

Sounds like you really need to seek the help of an adviser. Either ask a friend to recommend one or try here

http://www.unbiased.co.uk/

Seek help and quickly before someone 'promises' you what you're looking for and it all ends in tears. :-D
#39
tonyd19565
Premium bonds is not an investment.
Your investment should take into account your tax liabilities and risk factor also the length of time you can invest your money.
The new ISA season starts on the 4th of april you are allowed to invest £7000 tax free. If you want access to the money I would suggest a bank like icesave.com they will pay you 1% above the bank of england minimum rate.
Shares are also another way to invest either directly or through a tracker fund and can be included in your ISA.
In other words you have a lot of research before you should consider the way you invest as charges and tax can take a considerable chunck of your investment income but with a bit of research you can cut these. Have a look at www.iii.co.uk as a start


New ISA season starts on 6 April once the current tax year ends on 5 April.

ISA's are not 'tax free'. Only the interest is free of income tax. If you die with an estate above £285000 including your isas and peps then you may be liable to Inheritance tax depending on the size of your estate. :-D
#40
dramaqueen
at 8% tax free until may 2008. you have to put half in for a longer period of time. ie put it in for 3.5 years and guaranteed a return of 9% i think. leave it for 5.5 years and guaranteed return is 23%

put your allowance in for this side of the tax year and then straight away for the next tax year

the remainder put in simple high savings account

Is this the Abbey product here?

http://www.abbey.com/csgs/Satellite?c=GSDetalleProducto&cid=1139301119707&idParent=1139301119515&pagename=Abbey%2FGSDetalleProducto%2FGS_DetProducto

Not that fantastic if the FTSE 100 index falls - that 9% over 3 years is a measly 3%. 23% over 5.5 years is a measly 4.1%.

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