Investing

[C C Csiders]

Have a word with TonyTheKray. See who he fancies to win Euro 2008 and put the whole lot on them.

See my post two above! That is the solution though. Would you suggest that that ESB lumps on with Ladbrokes?

 

[Uncle Leo]

See my post two above! That is the solution though. Would you suggest that that ESB lumps on with Ladbrokes?

The lesson here being read all other replies before you post a smart-ar$ed joke!

ESB, we at Ladbrokes would be delighted if you invested your funds on a TTK tip with us. Worry not if it loses, I'll get you a pack of cards and Ladbrokes pen.

 

[RobM]

Shares are, as stated, a big risk. I am lucky in that my employer runs a geat scheme (buy a share - get 3 free ones!) - it's like printing your own cash!

 

[Holy Joe]

All depends on the risk/return you want to take and how long it will be until you need the cash. Low risk -cash ISA's (although if you are a non taxpayer than any high paying interest account), inflation linked bonds (from the post office, better investment if you are a taxpayer as returns are tax free). If you are prepared to take a higher risk and have a longer time frame in mind then shares.

 

[BrettieAngell]

Shares are, as stated, a big risk. I am lucky in that my employer runs a geat scheme (buy a share - get 3 free ones!) - it's like printing your own cash!

I bought 50 shares recently with my company for £2.50 they are currently worth about £33 (last time i checked anyway), problem is I can't sell 'em for 5 years!

 

[Yorkshire Blue]

Thanks a lot, seems like a good plan... The only existing debts I have are my Student Loans, which i may just pay off the day I graduate with this money.

As others have suggested, check the interest rate the you are paying on your student loan first. I think student loans have changed since I was a student (I only just missed out tuition fees), but I took out the maximum amount of student loan (even if I didn't think I'd need it all) and whacked it in a high interest account, because I could the interest I was receiving was more than the interest I was paying.

On a similar note, if you are a student (or recent graduate) make sure you are taking advantage of your interest free overdraft by transferring the full amount of money up to your overdraft account into your savings account.

 

[Yorkshire Blue]

Shares are, as stated, a big risk. I am lucky in that my employer runs a geat scheme (buy a share - get 3 free ones!) - it's like printing your own cash!

The best thing being that when your employer announces a big round of job cuts, meaning you lose your job, the market reacts positively to the cost-cutting and the share price rises.

 

[Yorkshire Blue]

All depends on the risk/return you want to take and how long it will be until you need the cash. Low risk -cash ISA's (although if you are a non taxpayer than any high paying interest account), inflation linked bonds (from the post office, better investment if you are a taxpayer as returns are tax free). If you are prepared to take a higher risk and have a longer time frame in mind then shares.

I'd probably suggest a cash ISA rather than a high paying interest account even if he isn't currently a tax-payer, because whilst he may not currently be a tax-payer, he will presumably be fairly soon. Also, the limit of how much you can invest each year is quite low, so may as well utilise this year's allowance as you won't be able to go back and claim it in future years.

Also, as I suggested before, I'd recommend building up a cash cushion before moving into equities.

 

[londonblue]

The best thing being that when your employer announces a big round of job cuts, meaning you lose your job, the market reacts positively to the cost-cutting and the share price rises.

That may be the case, but in my experience, the reason for the redundancies is usually poor performance so the share price is rather subdued. This increase is unlikely to raise it sufficiently to compensate for the original fall.

 

[Lancashire shrimper]

I work in investments for one of the big 4 banks.

There has been some some good advive already posted.

Definitely go with a Cash ISA - taxpayer or not.

2 comments:

1/ Find an Independent Financial Advisor

Banks, Buidling Socities, Investment Firms will want to sell you something. I iinherited a lump sum a while back. The best investment I made was paying the £100 fees for the advice of 2 Independent Financial advisors.

Well worth it.

They'll explain the differences in everything from an OEIC to a Tranche investment. Regardless of all the fancy names it's tantamount to the amount of risk you are prepared to take.


2/ Take your time.

Would you invest in a house without a survey or buy a car without an HPC check? The same goes for investments, When you've decided make sure you know what you're investing in.

Good luck.

 

[Pubey]

As others have suggested, check the interest rate the you are paying on your student loan first. I think student loans have changed since I was a student (I only just missed out tuition fees), but I took out the maximum amount of student loan (even if I didn't think I'd need it all) and whacked it in a high interest account, because I could the interest I was receiving was more than the interest I was paying.

On a similar note, if you are a student (or recent graduate) make sure you are taking advantage of your interest free overdraft by transferring the full amount of money up to your overdraft account into your savings account.

good advice - just keep your eyes open for the letter that says they're going to start reducing your overdraft and charging interest!

 

[duncan bulgaria]

If you want to have a riskier option , i would suggest that you invest in the metal market at the moment , all i hear at work is how Base/ Previous metals are gonna go through the roof , just like i heard the same thing regarding Brent Crude oil last year . Shame i didn't go long of Brent this time last year like i was going too.:madman:

I would take them over shares all day long at the moment.

But at a more realistic option i'd go with an ISA all day long.

 

[Andyhsufc]

How about buying a few bradford and Bingley shares. At 55p, they are a bargain and once this credit crunch starts to fade, there will be a nice profit in it

 

[Davros]

FIB's over 7%..

http://www.moneysupermarket.com/savings/SavingsResults.asp