hey where is the best place to put my money at the moment? pls help!

[liljonbon]

hey i have some spare money at the moment and just want to know where is the best place to put it, hopfully somwhere it can grow.... is it good to have an isa at halifax at the moment? or some kind of savings account? i jst dunno wht to do with it. thx

 

[elaine@cheapaccounting]

under the mattress

Do you want to save or invest?

Save - capital protected - maybe lower return, low risk

Invest - capital can be at risk - may be higher return, higher risk

Saving
If you are not using your ISA savings allowance go for that first then use one of the comparison web sites for the best rates

Investing
Place it all on black at the casino

 

[Cornish Steve]

If you're looking to invest in the long-term, now is the time to buy mutual funds. If you'll need the money within a couple of years, choose something less volatile.

 

[ServWise]

I would suggest investing in hosting companies with the words "Serv" and "Wise" in the name.

 

[Williams lester]

hey i have some spare money at the moment and just want to know where is the best place to put it, hopfully somwhere it can grow.... is it good to have an isa at halifax at the moment? or some kind of savings account? i jst dunno wht to do with it. thx

If you want to leave it with me, I am happy to look after it, though, could you ensure that it is in used notes only please.

 

[phgannon]

I have mine in Premium Bonds.

There's absolutley no risk, I can withdraw the money whenever I want, the money is paid straight into my current account when I withdraw, it takes about 5 days from sending in the "cashing in form" to having the money back in my bank account and I've won some prizes too.

Patrick

 

[davidshaw89]

I have mine in Premium Bonds.

There's absolutley no risk, I can withdraw the money whenever I want, the money is paid straight into my current account when I withdraw, it takes about 5 days from sending in the "cashing in form" to having the money back in my bank account and I've won some prizes too.

Patrick

Lucky you! mine has been sitting there for a few years! zilch!

Although it is no substantial amount so I am not that worried about the devaluing currency tbh. Still safer than the banks with their appauling interest rates.

 

[accountancyextra]

under the mattress

Was dying to say that myself

 

[DickM]

Buy gold, in futures ..........

http://www.hedgefundsreview.com/public/showPage.html?page=840502

I was thinking about it a few months ago when the price was around $700 per oz, .... now $968.20

 

[myles-at-icomplete]

Angles Den - spread it around a few startups, wait 3-5 years. Prob get 15+%

They are getting lots of savers ask them about it, the new VC's are just plain old savers.

Myles.

 

[UKSBD]

I've been looking at Scottish Widdows capital protected funds,
basicaly it is a way of investing in the stock market but you cannot lose
your initial investment.

You invest for up to 6 years, but the profits are capped at 50%
i.e if the stock market goes up 40% in 6 years you earn 40%
but if the stockmarket goes up any higher than 50% you only earn 50%
if the stock market goes down by 20% you get your initial sum back

I'm still thinking about it, so if anyone has any oppinions on this I would
appreciate hearing them.

 

[Robert Blake]

Somewhere very safe, my top 3 tips:

1) Northern Rock
2) lloyds TSB (inc HBOS)
3) Sir Allen Stanfords investment portfolio

best regards

Robert Blake

 

[puddycat]

hey i have some spare money at the moment and just want to know where is the best place to put it, hopfully somwhere it can grow.... is it good to have an isa at halifax at the moment? or some kind of savings account? i jst dunno wht to do with it. thx

It rather depends how much you have as to whre is the best place to put it

 

[myles-at-icomplete]

(your could get 25% pa on these if things turn ugly)

Treasury Inflation-Protected Securities (TIPS)

Treasury Inflation-Protected Securities, or TIPS, provide protection against inflation. The principal of a TIPS increases with inflation and decreases with deflation, as measured by the Consumer Price Index. When a TIPS matures, you are paid the adjusted principal or original principal, whichever is greater.

TIPS pay interest twice a year, at a fixed rate. The rate is applied to the adjusted principal; so, like the principal, interest payments rise with inflation and fall with deflation.

You can buy TIPS from us in TreasuryDirect and Legacy Treasury Direct through non-competitive bidding. Starting in January 2007, the 20-year TIPS is no longer sold in Legacy Treasury Direct, but it continues to be available in TreasuryDirect.

 

[Business News]

With the high rate that the £ is devaluing you may want to apply it to your walls or ceiling. You will then be able to keep an eye on it then and still gain enjoyment from it. I saw a restaurant papered in old broadsheets once - it was very effective. This would be a more exclusive covering - a guaranteed party talking point and lots of people do like to openly display their wealth.

 

[DickM]

Hold the wallpaper choice! as apparently Brown has a cunning plan to print another £100bn in notes
(I presume he means £ notes, and not a Brown IOU!).
So the worst scenario is that you could have an alternative wallpaper choice, as no doubt he'll have his ugly mug stuck on them as well, so he can keep he's beady eye on you

 

[davebrown]

It was suggested to me yesterday by a (trusted) IFA, as an alternative to a pension contribution, that I could invest in a Venture Capital Trust. That gives 30% tax relief on the money, whatever your tax rate, but is tied up for five years. Minimum investment is £5k, and you can get 'protected' VCT schemes, it seems. Don't know what the return is (apart from the capital), but 30% tax relief sounds not bad.

 

[deniser]

by a (trusted) IFA

Is there such a thing? Mine told me not that long ago to cash in everything and invest it all in a hedge fund.

 

[davebrown]

As I wrote that, I somehow knew that it was a dumb remark!