What would you do with £14,000 in the short to medium term? - HotUKDeals
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What would you do with £14,000 in the short to medium term?

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I have just been given £14,000 and wondering what to do with it in the short to medium term!? (say 1 year to 18 months) Disclaimer * No, i wont give you any * No, im not just gonna blow it * No,…
JayBird Avatar
8y, 1m agoPosted 8 years, 1 month ago
I have just been given £14,000 and wondering what to do with it in the short to medium term!? (say 1 year to 18 months)

Disclaimer
* No, i wont give you any
* No, im not just gonna blow it
* No, i wont give any to charity
* etc etc
JayBird Avatar
8y, 1m agoPosted 8 years, 1 month ago
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banned#1
premium bonds
#2
sassie
premium bonds


yeah good bet. You get opportunity to be a millionaire and considering the ISA rates available at the moment, prob not best thing to put them in there lol.

Have you any debt?
banned#3
sex, drugs, and alcohol (don't need the rock 'n' roll when you hear voices in your head)
#4
36 Red :)
#5
invest in something, 1k a month?
#6
mhh1981

Have you any debt?


No :thumbsup:
#7
I would probably put £3600 into an ISA then the rest in a one year bond as they tend to offer the best interest.
#8
shosie
invest in something, 1k a month?


You mean the stockmarket?
#9
fist step of housing ladder, if not , a better car, pay off a bit of mortgage, and a big treat
#10
sassie
premium bonds


ditto...
#11
blackpeppa
fist step of housing ladder, if not , a better car, pay off a bit of mortgage, and a big treat


Yeah, well, i am looking to buy a house in the next few months, but i have the finances all sorted for that, deposit and whatnot.

This is kinda extra that i wanted to save for a rainy day, but hopefully make it work hard whilst im at it
banned#12
my friend has 30.000 in bonds (most you can have) in the last year she has won over 2.000, so not a bad return whilst still having the chance of winning big money whilst the interest is so low
#13
JayBird
You mean the stockmarket?


yeah, invest in 14 different things what ever tockles your fancy
banned#14
Withdraw it all from the bank in £5 notes keep it under your bed, till everyone else has suffered from the recession (as theyre too cheap to buy anything... only way out of a recession is to buy your way out, not be cheap tramps...)

Then when everyone else is poor, wave the wad of cash at them :)

Or buy shares, buy in Poundstretcher, their shares are really good, or CPW... or if you want something stable then just good old gold and silver, you wont get a huge return from gold or silver though...

I personally would just keep it under my bed :)
#15
Well after the heist was finished.........
#16
invest in gold!
#17
sassie
my friend has 30.000 in bonds (most you can have) in the last year she has won over 2.000, so not a bad return whilst still having the chance of winning big money whilst the interest is so low


Problem is if the interest rates are lower then the number of premium bond prizes also falls.

14,000 premium bonds have a 3% chance of making you at least £500 in 1 year. Always a small chance of a big win though :)
#18
gold is the best bet in the current climate-doubled in a year.
#19
barky
gold is the best bet in the current climate-doubled in a year.


How do you go about buying gold?
#20
as mentioned jay bird, i would probably opt for premium bonds.......most ppl see a good return in them and uve got a chance to be a millionnaire also!

however i wud hold back £1k and get aload of this deal

http://www.hotukdeals.com/item/316552/kfc-deal-of-the-century-only-12-99/
#21
mhh1981
invest in gold!


Ditto.
#22
JayBird
How do you go about buying gold?


ARGOS
banned#23
jaybird always remember buying something like gold could mean you lose out as well as gain, thought you where looking for a safe investment, gold is good to buy now, just make sure you get rid when its good
#24
JayBird
How do you go about buying gold?


http://dvdclub2u.com/osc/images/191CDM.jpg


amazon do it :thumbsup:
#25
ants97
ARGOS


:lol: :lol: :lol: :lol: :lol:
banned#26
ants97
ARGOS


pmsl
#27
sassie
jaybird always remember buying something like gold could mean you lose out as well as gain, thought you where looking for a safe investment, gold is good to buy now, just make sure you get rid when its good


Yeah, understand all that.

I have already got stock market investments, and yes, i am lookign for more of a safe option, as i will probably put this money towards decorating the house i buy this year. I already have finances for the house buy, and the decorating, but no doubt i will end up spending more than budgeted, so this might be a nice little buffer down the line, just didnt really want the money sat in a low interest rate account in the meantime

Having said that, i have been eyeing up the 5 Series M Sport, but the other half would kill me if i blew it all on that :oops:
#28
JayBird
How do you go about buying gold?


cheap flight to amsterdam-take american dollars and buy it wholesale.
#29
£14,000 invested here http://www.coventrybuildingsociety.co.uk/savings/fixedbonds.aspx for 12 months will earn around £530 interest. Not a lot but could do worse :)
banned#30
Wouldnt trust building societies or banks right now.... lol...

You can buy gold and silver bars from metal merchants, even on ebay, silver keeps its value just like gold but is a lot cheaper, I bought some silver bulion a while ago on ebay :) cost £980 for 10 bars, sold for £1100, only made the profit as I managed to get the bars cheap as the seller didnt use a reserve and no one else was looking, hehe
#31
I'm in the same situation myself, with much the same amount of cash and no real thoughts on what to do with it. I had been saving towards getting an ISA, but I'm not convinced they're worth bothering with now, since you're basically only earning £100 at the end of a year of locking £3.6k away, which is barely worth anything, considering the benefits an instantly-accessible £3600 could bring you. It's a safe option, yeah, but a practically worthless one.

Me, I'm thinking of spending at least some of the money on dealing in second hand musical instruments. There are big profits to be made, but you do need to be extremely knowledgable.
#32
I would avoid premium bonds and gold like the plague.

Gold is very over valued at the minute, and in a year to 18 months I can see it dropping considerably.

premium bonds will offer much lower (real interest) than a isa account + savers account. although there is a very very slim chance of hitting it big,(you have a much better chance of hitting the lottery 2 weeks in a row though).

For me I would wait for the ftse to drop to around the 4100 mark, and invest it in a ftse tracker with a guaranteed minimum growth.
#33
MobilePhonez
Wouldnt trust building societies or banks right now.... lol...

You can buy gold and silver bars from metal merchants, even on ebay, silver keeps its value just like gold but is a lot cheaper, I bought some silver bulion a while ago on ebay :) cost £980 for 10 bars, sold for £1100, only made the profit as I managed to get the bars cheap as the seller didnt use a reserve and no one else was looking, hehe



Gold and silver do not keep their value at all, this is a common misconception.
banned#34
Be like me and put it under you bed with the rest of your stash! No point in giving it to a bunch of bankers to use for their bonuses!
#35
I buy gold..... get it all from here http://www.goldavenue.com/Bullion.aspx?CALL=353837

pamp gold offers a lot more kudos than other refineries
#36
sven256
Gold and silver do not keep their value at all, this is a common misconception.


:lol: you belong in this thread http://www.hotukdeals.com/item/202642/just-thought-about-this-online-bett/showthread.php?t=202642
banned#37
I'd spend the lot, cant take it with you. Not saying blow it, but to spend on something you would benefit from, round the world trip etc
#38
#39


I think you do, if you are stupid enough to think it does not.

Gold and sliver prices go up and down all the time. You only need to look at graph prices over the past 20+ years

http://www.ltadvisors.net/Info/Reserves_files/image007.gif
banned#40
nice holiday then save the rest - god ull need it the way jobs are going at the moment!!

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