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Best way for high returns investing £20k???

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Old 15 January 2007, 06:17 PM
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Poor Guy
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Question Best way for high returns investing £20k???

I have some moneys just lying around doing nothing in 6 months bonds in the bank. a £20k bond has just matured and im getting like 4% return.
Is there any better way i can invest this money to get a higher return over a period of up to say, 3 years?
Old 15 January 2007, 06:29 PM
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LG John
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Poor Guy looking for advice on investing £20k that is lying around - does anyone else see the irony?
Old 15 January 2007, 06:32 PM
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AFRIKANZ
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Buy USD then wait and sell later.................
Old 15 January 2007, 06:34 PM
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LG John
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When the hell is USD going to recover - I've got UDS's sitting on poker accounts that I don't want to transfer back over yet because of the pathetic exchange rate!
Old 15 January 2007, 06:36 PM
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Buy Premium Bonds - there is 5 £MILLION prizes in June
Old 15 January 2007, 06:37 PM
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Or buy TESCO shares and forget about them for 3 years
Old 15 January 2007, 06:38 PM
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premium bonds, tax free
Old 15 January 2007, 06:51 PM
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mattvortex
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Save it for when they introduce pay-by-mile- that 20k should cover about-oh- 6months charges!
Old 15 January 2007, 07:19 PM
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Sticking a chunk with Alliance and Leicester (once the paperwork comes through)- 5.64% APR.
Old 15 January 2007, 07:20 PM
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Go to the casino and stick it on red
Old 15 January 2007, 08:28 PM
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Petem95
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3k - mini cash ISA - 5.8% from National Savings (tax free)
17k into ICICI at 5.65% (no penalty to withdraw until A&L)

Watch interest rates rocket over the next 3 years, sit back and watch the interest flow in!
Old 15 January 2007, 08:58 PM
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Originally Posted by Petem95
3k - mini cash ISA - 5.8% from National Savings (tax free)
17k into ICICI at 5.65% (no penalty to withdraw until A&L)

Watch interest rates rocket over the next 3 years, sit back and watch the interest flow in!

Then watch labour introduce a 10% winfall tax on anyone with over £20k in the bank
Old 15 January 2007, 09:00 PM
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Matteeboy
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Pete - Heard a few dodgy things about ICICI so sticking with someone I know (sort of).
Right hassle to open an acount though with all this anti money laundering cr4p.
Old 15 January 2007, 09:19 PM
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Petem95
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Originally Posted by Matteeboy
Pete - Heard a few dodgy things about ICICI so sticking with someone I know (sort of).
Right hassle to open an acount though with all this anti money laundering cr4p.
Apparently its not as bad as it was. Saying that Icesave - 5.45% AER easy access online savings account should be matching their rates anytime, and Bradford and Bingley should be upping theirs from 5.35% to 5.6% soon too.
Old 15 January 2007, 09:21 PM
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Pete - Still not committed but don't know if I can be bothered to go through the ID checks again!

Looked at Icesave but again, wasn't 100% confident.
The "non drawing out" penalty at A&L might actually be quite handy tbh!
Old 16 January 2007, 12:13 AM
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Put it on Lucky Lad in the 3:15 at Epsom or if you prefer the dogs "I`m in front" always wins
Old 16 January 2007, 08:50 AM
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pslewis
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Go down to the Bookies and put £20k on the Winner ........ you simply cannot fail

I did this once in a Bookies - I asked the girl behind the desk if I could put £10 on the Winner please .... she said of course sir - which race?

I said 'any' ...... at which point the manager stepped in and stopped me mopping up
Old 16 January 2007, 08:53 AM
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Originally Posted by Saxo Boy
Poor Guy looking for advice on investing £20k that is lying around - does anyone else see the irony?
Yup
Old 16 January 2007, 09:24 AM
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How about investing it in £20ks worth of hookers, you will be broke at the end but hell what a ride it will be
Old 16 January 2007, 09:30 AM
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GrahamG
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Originally Posted by pslewis
Go down to the Bookies and put £20k on the Winner ........ you simply cannot fail

I did this once in a Bookies - I asked the girl behind the desk if I could put £10 on the Winner please .... she said of course sir - which race?

I said 'any' ...... at which point the manager stepped in and stopped me mopping up

Guess you would never bet on boro then........
Old 16 January 2007, 09:31 AM
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Originally Posted by GrahamG
Guess you would never bet on boro then........

Bet it on the toon to win the uefa cup Mr lewis
Old 16 January 2007, 01:30 PM
  #22  
pslewis
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Originally Posted by kingofturds
Bet it on the toon to win the uefa cup Mr lewis
I see ........ last year when BORO were in the UEFA CUP FINAL all you Toons said it was a useless cup to win and didn't count for chicken ****!!!

So, did BORO do REALLY well last year then?? Is it now a Cup worth winning??

Well, Toons ........ answer that one
Old 16 January 2007, 03:52 PM
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MoneySavingExpert: Consumer Revenge - Credit Cards, Shopping, Bank Charges, Cheap Flights and more
plenty of tips on how to invest but will require a bit of shuffling of your funds to get the best rate
Old 16 January 2007, 03:56 PM
  #24  
andy97
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If you want high risk, high gains, then pop over to Afghanistan, buy £20K of herion, smuggle it back into the uk and sell on the street for millions
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