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Post by stokiemac on Jan 18, 2008 10:32:19 GMT
question for anyone who knows more than most, whats the best way to invest about a grand that is fairly spare, everytime i search it on the net it talks to me about bonds,shares FSA,ISA and they tell me they are all the best p.s can we limit nigerian buisnessman jokes if possible or "lend it me mate"
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Post by mumf14 on Jan 18, 2008 10:36:04 GMT
Put a tin under the bed...!
It's not worth worrying about....that's why I'm so rich...I've got no money to worry about.!
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Post by stokiemac on Jan 18, 2008 10:37:23 GMT
those last two lines were either very philosophical or just not thought through
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Post by mumf14 on Jan 18, 2008 10:41:45 GMT
It was thought through alright...try the Alliance and Leicester (12%) monthly saver...Drip feed £250 a month....
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Post by mumf14 on Jan 18, 2008 10:42:42 GMT
Double drat.
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Post by ceejays on Jan 18, 2008 15:52:01 GMT
Alliance and leicester 12% actually works out at 6% p.a - work it out.then of course that is gross.net 4.68%
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Post by dadofsam on Jan 18, 2008 16:29:14 GMT
Premium Bonds - you might get lucky and you don't lose your money
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Post by followyoudown on Jan 18, 2008 16:52:15 GMT
question for anyone who knows more than most, whats the best way to invest about a grand that is fairly spare, everytime i search it on the net it talks to me about bonds,shares FSA,ISA and they tell me they are all the best p.s can we limit nigerian buisnessman jokes if possible or "lend it me mate" it all depends on how long you can spare the cash for. bonds will generally pay better than savings accounts but you may have to leave you cash in them for a year or face penalty charges which may wipe out any interest you've earned. isa's cash or shares are tax free so if you put the money into a mini cash isa you'd probably get £15-£20 extra interest over the year, shares isa would all depend on the stock market. even if you choose an isa you might be better off picking one where there are no early withdrawal penalties and you can get instant access to your cash. check out themoneysupermarket.com which shows the best rates available depending on how much you have to invest
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Morg72
Youth Player
Posts: 252
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Post by Morg72 on Jan 18, 2008 16:57:07 GMT
Another good site is moneysavingexpert.com , ;D
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Post by armitagestokie on Jan 18, 2008 20:54:39 GMT
To be honest with just a grand I'd buy premium bonds and take a chance on winning.Best fixed rate ISA's over a year will normally pay 6% that's £60 on your grand--I'd take a punt on PB's and then nextyear buy a season ticket. good luck.
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Post by algor on Jan 18, 2008 21:42:29 GMT
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Post by Mason_Stokie on Jan 19, 2008 22:11:07 GMT
well i seem to remember a couple of months ago someone advising us all to plough our money in to northern rock shares...
great bit of advice that...
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