Hector-8 Posted February 12, 2007 Report Share Posted February 12, 2007 without risk of loss,good intrest etc......,any ideas? Quote Link to comment Share on other sites More sharing options...
Ari Posted February 12, 2007 Report Share Posted February 12, 2007 If you have a mortgage, pay £25K off your mortgage and save £25K worth of interest a year, probably more than you can make investing it with no risk of loss. Quote Link to comment Share on other sites More sharing options...
Daz Posted February 12, 2007 Report Share Posted February 12, 2007 Send it over to me and I will get you 25% on it in my very secret investment fund Quote Link to comment Share on other sites More sharing options...
skifly Posted February 12, 2007 Report Share Posted February 12, 2007 i can offer you 22% again in a very secret investment fund... in fact so secret nobody will ever be able to find it again... Quote Link to comment Share on other sites More sharing options...
danksy Posted February 12, 2007 Report Share Posted February 12, 2007 Icesave yields 5.7% gross, or try a charity bank that gives tax relief at 40% for high rate tax payers, thus effectively paying approx 8% net Quote Link to comment Share on other sites More sharing options...
danksy Posted February 12, 2007 Report Share Posted February 12, 2007 details on charity banks here http://www.charitybank.org/2006/savings-and-deposits/just-interest/just-interest.html check they are FSA regulated and are covered by the banking industry compensation scheme before piling in Quote Link to comment Share on other sites More sharing options...
hashluck Posted February 13, 2007 Report Share Posted February 13, 2007 Premium Bonds? Quote Link to comment Share on other sites More sharing options...
Chrisg Posted February 13, 2007 Report Share Posted February 13, 2007 trouble with premium bonds -- no guaranteed interest but as £30k is maximum holding you should find that the annual winnings add up to most general interest rates - and may be higher if Quote Link to comment Share on other sites More sharing options...
Chrisg Posted February 13, 2007 Report Share Posted February 13, 2007 [ QUOTE ] Send it over to me and I will get you 25% on it in my very secret investment fund [/ QUOTE ] I could be tempted but what would I do when you roll up in a new R8 Quote Link to comment Share on other sites More sharing options...
Ari Posted February 13, 2007 Report Share Posted February 13, 2007 If he bought it with your £20-25K, then ask him where he got it of course! Quote Link to comment Share on other sites More sharing options...
Will22 Posted February 13, 2007 Report Share Posted February 13, 2007 That would be an even bigger discount than I'm getting Quote Link to comment Share on other sites More sharing options...
chrisan Posted February 13, 2007 Report Share Posted February 13, 2007 That will buy you a small Bulgarian flat/villa. I did this last year, before they joined the EU. Prices per square metre have already risen by >10% and I'm getting rental fees as well Quote Link to comment Share on other sites More sharing options...
Soulboy Posted February 14, 2007 Report Share Posted February 14, 2007 A few questions just to start with........... Do you require growth or income? How much risk are you willing to take? What term are you looking at? Would you need access to any of the money short/medium term? Would you be will ing to accept a loss for the chance of greater returns? What is your Income Tax position? If you are married - whats your wifes Income Tax position? Any Capital Gains Tax issues? Have you used your allowances for ISAs etc? Whats your pension position? Quote Link to comment Share on other sites More sharing options...
Sponge Posted February 14, 2007 Report Share Posted February 14, 2007 Image you had £45k left on your mortgage and a car loan of £20k. You came into money, £35k. Would you pay off the car loan in full and use what's left to reduce the mortgage? Or would you use the lot on the mortgage? Quote Link to comment Share on other sites More sharing options...
Calm Chris Posted February 14, 2007 Report Share Posted February 14, 2007 Sponge, You'd pay off the higher interest loan- More likely the car loan. The exception being that if the car loan is fully budgeted and your covering the debt correctly, then it might be wiser to kill the longer term debt- the mortgage. £25k, I'd buy blue chips 25% Tesco 25% BT / Voda or Colt 25% ICI or BP 25% Astra Zeneca or Galaxo About 3.5% divi and work on 8-15% growth as a constant for next 5 years. Quote Link to comment Share on other sites More sharing options...
Sponge Posted February 14, 2007 Report Share Posted February 14, 2007 [ QUOTE ] Sponge, You'd pay off the higher interest loan- More likely the car loan. [/ QUOTE ] That's what I told my dad. But he wants to clear (if not all, a large %) of what remains of his mortgage. He's concerned about interest rates rising. Even if they do, it'll still be lower than the car loan APR. Furthermore, if he pays off the car loan, he'll immediately be £500 pm month better off, which he can use to overpay his mortgage. He's also said he wants to invest some of it. But I told him it wasn't worth investing if the interest on what he owes is higher than the interest on any investment. Well, that's how I see it anyway. Quote Link to comment Share on other sites More sharing options...
bullett Posted February 15, 2007 Report Share Posted February 15, 2007 always pay off debts before investing or saving as any interest you get from the savings are are more than wiped out by the debt. Quote Link to comment Share on other sites More sharing options...
Ari Posted February 15, 2007 Report Share Posted February 15, 2007 [ QUOTE ] [ QUOTE ] Sponge, You'd pay off the higher interest loan- More likely the car loan. [/ QUOTE ] That's what I told my dad. But he wants to clear (if not all, a large %) of what remains of his mortgage. He's concerned about interest rates rising. Even if they do, it'll still be lower than the car loan APR. Furthermore, if he pays off the car loan, he'll immediately be £500 pm month better off, which he can use to overpay his mortgage. He's also said he wants to invest some of it. But I told him it wasn't worth investing if the interest on what he owes is higher than the interest on any investment. Well, that's how I see it anyway. [/ QUOTE ] I'd say that was spot on. Quote Link to comment Share on other sites More sharing options...
Wallachie Posted February 15, 2007 Report Share Posted February 15, 2007 Hector, with the property market going at the rate it is just now in Northern Ireland, get a friend in and invest with yoy in a new build property, to turn. Buy a new build, pay your 20% deposit and just before you complete get it on the market. You may have to draw down your mortgage, but if you have any contacts in a bank they may offer you an interest roll up. Easy money. Quote Link to comment Share on other sites More sharing options...
Hector-8 Posted February 15, 2007 Author Report Share Posted February 15, 2007 yeah,iv decided to invest in a little house.using it as deposit.will go for a little cheap one then fix her up and rent.thats the plan. S3 and RS4 were so tempting! Quote Link to comment Share on other sites More sharing options...
Wallachie Posted February 15, 2007 Report Share Posted February 15, 2007 [ QUOTE ] yeah,iv decided to invest in a little house.using it as deposit.will go for a little cheap one then fix her up and rent.thats the plan. S3 and RS4 were so tempting! [/ QUOTE ] It's always tempting to spend house money on a car. I keep them completely seperate, hard as it is to do sometimes. As for buying, fixing and renting, no need to tie yourself in like that. Turn it as quickly as possible and move on, the market is so hot you need to move your money around a bit and it will work more for you like that, rather than tied up in a wee place that will just about pay for itself. Quote Link to comment Share on other sites More sharing options...
drpellypo Posted February 15, 2007 Report Share Posted February 15, 2007 [ QUOTE ] That will buy you a small Bulgarian flat/villa. I did this last year, before they joined the EU. Prices per square metre have already risen by >10% and I'm getting rental fees as well [/ QUOTE ] Watch out for the Bulgarian Mafia though. No really. Quote Link to comment Share on other sites More sharing options...
drpellypo Posted February 15, 2007 Report Share Posted February 15, 2007 If you can get it at the right price, buying to rent can be a cracking investment. Mum and dad started off with 11k, and now have more properties than I can count. They were poor as poor could be - but have just been clever (and sensible) and made a mint. Trick is to find something that really does need a lot of work - one that's not desirable, so you can get it dirt cheap. Then just clean it up and rent it. Be prepared for not being paid rent on regular occasions though. You can lose a lot of money. Quote Link to comment Share on other sites More sharing options...
Woppum Posted February 15, 2007 Report Share Posted February 15, 2007 [ QUOTE ] without risk of loss,good intrest etc......,any ideas? [/ QUOTE ] Cavendish is the company I use. They have done very well. from what I can remember over the last 3 yrs they have trebled most peoples funds. I have only been with them for a couple of years, but my little piggy bank has done very well. Quote Link to comment Share on other sites More sharing options...
drpellypo Posted February 15, 2007 Report Share Posted February 15, 2007 [ QUOTE ] [ QUOTE ] without risk of loss,good intrest etc......,any ideas? [/ QUOTE ] Cavendish is the company I use. They have done very well. from what I can remember over the last 3 yrs they have trebled most peoples funds. I have only been with them for a couple of years, but my little piggy bank has done very well. [/ QUOTE ] They're a kitchen company up this way. Quote Link to comment Share on other sites More sharing options...
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