Muffleman

Mornin' all !

I currently have around £25k set aside for a project that is not now gonna happen for 6 months. I can't help but feel there is a smart thing to do with the cash for 6 months, but I don't know what !

It's got to be low risk, she'd murder me if I pi**ed it away

Oh, and no car suggestions - it pains me everyday to know that I could just go out and by various cars, but every car I buy loses me money !!! So I'd better steer clear of that one.

You need to be on-the-ball and in-the-know to deal in shares effectively, and I'm not - so that's out

Any suggestions ?

Cheers



Matt

TelBoy

Matt,

With respect, isn't a financial adviser, who can explore *all* your financial commitments in private, the way to go with this?

ProperCharlie

and where's the fun in that, Tel?

much better to post here and get the SN "fly to vegas and put it on black" type answers.

Muffleman

I know where you're coming from Tel, but he's simply gonna recommend putting it on the mortgage, or an ISA, or something equally as dull.

Just thought there might be something a little more interesting out there.

Cheers


Matt

davyboy

Tel, you know how it works on SN!

TelBoy

I sure do!

Booze, women, drugs, cars, hi-fi and round-the-world holidays it is then!!

Muffleman

Oh, and I will be chatting with my IFA aswell.

Just thought I'd post something that wasn't BNP\Islam\Allah\Hindu related


Matt

Hammy Hamster

Premium Bonds. No risk and a bit of fun.

TelBoy

Davyboy, wasn't it YOU that entered this particular theme on the Scoobynet book of... thread? If so, i'm chuckling at that as we speak. This smacks of that, in my opinion, if you know what i mean!

Faire D'Income

Absolutely agree. I've had money tied up in various investments over the last year or so and Premium Bonds have shown an excellent return of over 15%.

Safe as houses, you get what you paid in back and then there's a good chance of getting a nice cheque each month which could net you a decent return of around 12% which you won't get in a bank. With £25K you're just below the limit of £30K and the worst thing that could happen is that you don't win anything, in which case you get your £25K back.

davyboy

Tel - you got it!

Muffleman

Thanks Hammy\Faire D'Income.

Matt

Faire D'Income

No worries. It got to the stage where I recognised the envelope so there was always the rise in anticipation levels when I wondered if I had won the big one - a bit like getting the first four numbers on the lottery when you start to believe that your going to the Lamborghini dealership in the morning.

TelBoy

15% is outstanding though, let's be clear. I think you had about THREE people's winnings there...!!

ProperCharlie

also, don't you have to wait 3 months before your PBs start "earning"?

Faire D'Income

You may be right but my wife had some as well and she grossed around 5% which is still better than a savings account - and more fun.

lordharding

iTrader: (1)

£500 on P B

The rest on Booze /hookers /

Life can be so short .

scoobyster

I think PB yield about 1.5 - 2% on average, I'm on over 5% though. Have turned £5 I was given as a baby (1984) into around a grand by now ! Winnings are tax free too IIRC.

Jaybird-UK

Im surprised no one has yet to suggest 25,000 scratch cards....

suprabeast

they always say you need money to make money so do something useful with it!!

Muffleman

Exactly what I was thinking ! Just can't decide what

Matt

Nexuas

Buy a plot on the moon, sure that will be worth a bit in years to come?