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Money to invest...

Discussion in 'Personal' started by Marshall, Dec 7, 2019.

  1. Marshall

    Marshall Star commenter

    ...do I do it now or wait until after the general election?

    Opinions please!
  2. Jude Fawley

    Jude Fawley Star commenter

    Wait until February.
  3. catmother

    catmother Star commenter

    Sorry,no advice. I'm such a coward with money and would rather have it in an ISA earning little but where I can see it. Investments and the fear of losing money scares me. However,that's just me.

    Do you know what type of investment you are after,@Marshall?
    chelsea2 and Jamvic like this.
  4. ajrowing

    ajrowing Established commenter

    I'd invest in a troll factory, given the burgeoning number of them...
    magic surf bus, burajda and Marshall like this.
  5. mothorchid

    mothorchid Star commenter

    Everything depends on how risk-averse you are. I'm very risk averse, so I'd go to something like an ISA or Premium Bonds. You might be able to pop it into a slightly higher interest account, which has either no notice necessary or 30 days' notice. Then you can wait and see.
    MoneySavingExpert.com is worth a look. Other sites are available...
    Jamvic likes this.
  6. blazer

    blazer Star commenter

    How much? get in touch with Wesleyan, got a couple of products with them (invested my lump sum) and have done pretty well.
    Marshall likes this.
  7. Ivartheboneless

    Ivartheboneless Star commenter

    If you want to get an ISA there are tax year rules. Look at Martin Lewis website for all info on investments. Interest rates are absolutely pathetic at the moment (so that anyone with a bit of money to invest can pay for quantitative easing, to still keep those lovely bonus-grabbing banks afloat and rich). Premium bond maximum is 50K, but payout depends on chance. Nothing you do will even get you a return at the rate of inflation.
    Marshall, Jamvic and Morninglover like this.
  8. blazer

    blazer Star commenter

    Or pm me. I have an outstanding investment opportunity in Nigeria waiting for you;)
  9. blazer

    blazer Star commenter

    3 years ago we put £36K in a Wesleyan Bond. Cashed it in recently because we needed a deposit for our new house. Got £54k back! Well chuffed. Tax free as well
  10. Marshall

    Marshall Star commenter

    It's the waiting bit I want to know about!

    I am getting a rubbish rate of interest on my savings account - as is everyone else.

    I want a mix of safe and growth.

    My gut reaction is to put some into an ISA (not cash) in order to use my tax allowance for this year and then leave the rest.
  11. Marshall

    Marshall Star commenter

    I have looked at Martin Lewis and I am guided by him at the moment. Don't want to pay for 'advice' as I have 'some' experience in this area.
    emerald52 and mothorchid like this.
  12. lanokia

    lanokia Star commenter

    Have you though about going to Citizen's Advice or finding an Independent Financial Advisor?

    After many years I've finally managed to get saving... doing it online through Hargreaves Landsdown. Not going too badly so far.

    edit: just saw post #11. We have some money with Virgin Money at 1.5%... my dad says we can get more if we invest in property funds... but I'm quite there yet.
  13. catmother

    catmother Star commenter

  14. Kandahar

    Kandahar Lead commenter

    I would second premium bonds. Depending on your age, I believe that Saga have a good ISA at 4%.
    lindenlea and Lara mfl 05 like this.
  15. catmother

    catmother Star commenter

    Do they give advice on such matters? I can't imagine sitting in the waiting room with someone who has just been made redundant and is fearing losing their home,when you are waiting to hear about investing spare money.
    lanokia likes this.
  16. blazer

    blazer Star commenter

    That's what we thought!

    Still got a couple of their products with about 70K in them.
  17. foxtail3

    foxtail3 Star commenter

    I’d just like to have some savings. :(
  18. lanokia

    lanokia Star commenter

    Aye true... might be I'm thinking about it wrong...
  19. mothorchid

    mothorchid Star commenter

    I have never heard that CAB give investment advice.
    They may have a list of independent financial advisors, but even then I'd be a little surprised. Most of their clients are not really rolling in cash. Of course some may be and be asking for information on boundary disputes or how to go about whistle-blowing, or something like that, rather than debt counselling and support. But debt problems make up a very major part of what they do these days, I understand.
  20. magic surf bus

    magic surf bus Star commenter

    Best investment I ever made was a small business venture, but obviously one needs to put time into something like that.

    The rest of the time I just stick to ISAs and high interest current accounts. I'm not a gambler.

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