PDA

View Full Version : Where to invest money?

Mark51
20th July 2009, 15:17
i have abit of spare cash that i want to invest in something safe so penny shares, gambling, etc.. is out of the question.
the obvious place to invest money atm would be with a savings account at the bank, can anyone think/recommend anywhere else?
Easty
20th July 2009, 15:25
I would say the safest bet is a long term cash ISA. 3-5 year job where you can't take your money out without paying a charge, it's a good incentive to leave it in there, and it pays higher interest rate than standard Mini Cash ISA. Although, nothings great at the minute....
Mark51
20th July 2009, 15:54
easty!!! where have you sprung from? lol

thats something along the lines of what i was thinking mate
Bickerton
20th July 2009, 15:59
ISA is about the only "safe" place to invest atm that will get you a return.
Karl
20th July 2009, 16:01
thought Bonds were a good shout?
Bickerton
20th July 2009, 16:04
thought Bonds were a good shout?

Premium bonds?

They the safest way but only return on that is almost lottery based
bullit
20th July 2009, 16:07
they elli0tyatesfund is w0rth a l00k
Karl
20th July 2009, 16:10
Premium bonds?

They the safest way but only return on that is almost lottery based

yeah, its still safe. you always get back what you put in,
and theres a chance to win shit.
kenny
20th July 2009, 16:20
Long term ISA is definatly the best option as you get a good interest rate plus its safe
MikeCracknell
20th July 2009, 17:26
ING Direct offers 3% and instant access at the moment.

Barnsley Building Society offers 5% AER on a 3 Year online bond

Skipton Building Society offers 5,5% AER on a 10 yr bond lol!
camTcar
20th July 2009, 17:29
icelantic banks:y:
Jazz
20th July 2009, 17:31
Abbey has a Super Direct ISA of 5.5% tax free if you put the same amount in a qualifying investment product.
saxowebby
21st July 2009, 05:31
premium bonds,

or a bloke at work bought £2000 worth of loyds tsb shares think they were 28p each when he got then 8 months ago, now there bout a £1 each, so hes loving it.
Mark51
21st July 2009, 06:55
shares can go either way. have a look at this link for a tippical share price flow

http://www.investorrelations.lloydstsb.com/ir/share_price_charting_page.asp
davidharvey
21st July 2009, 08:24
Abroad?

For example

Bulgaria

Not in an apartment, in a rural property. Cheap as chips and can only go up in value.

Also the interest rate there for savings accounts is 9%, much better than the 0.5% or whatever here
pr0xibus
21st July 2009, 08:50
Well i could invest it for you , time shares in florida, poppy fields in afghanistan, Weed factory in the dam all i need is monies please send me your Bank name, account number, sort code. damn fcuk that just send me monies lol

ISA's seem to be good at the moment or just a normal savings account