With 25-30,000 pounds you should be able to invest in a mutual fund or exchange traded fund, pegged to an index (an index fund) with low management fees and no up front charges on surrender charges (a no load fund). With interest rates set at such artifically low levels, the government is forcing you to be a more aggressive investor, but it is important to be diversified for safety. You get that sort of diversification from an indexed fund. Choose a fund that is tied to a broad swath of the market, not a more targeted fund, such as a technology fund. You can withdraw money out as you need, but I would keep some out for your more current needs and invest the rest, and then leave it alone. Some funds require you to keep the money in for the first 30 or 60 days before you can withdraw without a penalty, but this is usually not the case for the more broad based funds. I would not invest in bonds, as you could face huge loss of principle if and when the interest rate goes up (and it will, due to the printing presses running out more pounds). You may choose to invest in short term bonds, and ladder them in such a way as you have some maturing consecutively in time, but I'd stay away from longer term bonds. Not being from the U.K., I am sorry I could not be more specific.
Probably not a bad idea, but don't lock your money up for two long. If there is a 5 year lock up I would look around.
With ￡25/30k you could create your own bond fund and ISA it (someone like Hargreaves Lansdowne). Basically buy 5-6 diifferent corporate bonds (go for ones listed on ORB (Retail Bond Market of LSE). Hopefully yield about 5%. Bonds from Tesco, Prov Financial, London Stock Exchange etc.
But do you want income? You don't say if you are working or retired. If you have covered all other financial requirements (education, mortgage, family expenses, holidays, pension etc.) then maybe invest in portfolio of quakity equities. Or possibly an index ETF. It depends on your appetite for risk etc.
Personally I would have a chat with a stockbroker and get some proper, personal advice. Say you have about ￡50k to invest, that should get a broker interested and give you sound advice (in fact go to a couple of brokers!)
Also check many index stock funds like SPDR, Nasdaq QQQQ, and the IVYs. Problem with most mutual funds are those fees. Your fund can drop like a stone and they still make their money from the fees they charge to maintain your portfolio. If you go for a mutual fund, make sure they make their money like you, when the market rises.
You could on the internet and set up a margin account and do day trading. Not for the faint hearted or shy person, but can make a lot of money in short time. Also, with a margin account, you can buy more stock than you have cash to cover. You can also sell short (selling stock you don't own at a high price, betting it will decline, and when it drops, you buy it at the lower price and pocket the difference. Once I owned 100 shares of IBM stock and sold 1000 shares at $110.00 a share for $110,000.00, five days later I bought 1000 shares at $87.00 a share $87,000.00 giving me my original 100 shares and a tidy profit of $31,700.00 less commissions (sell and buy). My tax was 20% or $6,340.00. So you can say I made $25,000.00 in one week. Of course the market could have driven the stock up and then I would have lost money. But that is the market we deal with.
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Hi there..
Will be short.. let say i have 25/30.000 pounds.. savings..that at the moment sitting in bank and earn if im lucky 1%.. that is nothing.. considering inflation and what banks earn... even if bank offers 2/3% locked for 2-3 years.. not interested as i dont want not to be able to take money if needed.
So i though Im better of to invest.. cant buy any property with it.. unless outside of UK..
so thought of maybe investing it on bonds? as ive heard its safe and no loss guarantied.. a like forex and others shares ... so if im not mistaken its still earn some profit? and there is a lottery.. i might win some money.. I think its better then 100￡ from bank frm 10k a year.. unless i dont see/know of any term and conditions and cons of it.
any suggestions appreciated.. was thinking maybe open coffee shop or something.. :)
cheers
