Help with an investment please guys

[cazzer]

Could I have some help from some of you financially astute members please.

My risk averse father is looking at investing 12k somewhere.
He's looked on moneysupermarket.com and has seen the rates offered by ICICI bank.
But as he's never heard of them and is a bit wary after the icelandic bank issues etc.
So does anyone know anything about them and how safe how they?

[unrepentant]

Plenty of banks offering 2.5-3.0% for internet accounts, esp for over 50's. With £12k the difference between accounts is going to be pretty minimal in terms of interest earned. What rate are these people offering?

[cazzer]

4. something for a 2 year fixed bond

[Jasandjules]

cazzer said:

4. something for a 2 year fixed bond

Bonds are good for the risk averse.

[NoelWatson]

Jasandjules said:

cazzer said:

4. something for a 2 year fixed bond

Bonds are good for the risk averse.

What type?

[NoelWatson]

cazzer said:

Could I have some help from some of you financially astute members please.

My risk averse father is looking at investing 12k somewhere.
He's looked on moneysupermarket.com and has seen the rates offered by ICICI bank.
But as he's never heard of them and is a bit wary after the icelandic bank issues etc.
So does anyone know anything about them and how safe how they?

According to the market, they have a ~22% chance of defaulting in the next 5 years.

[cazzer]

That will send my dad runnin

[unrepentant]

cazzer said:

4. something for a 2 year fixed bond

If he wants to tie it up. It's only another £120 less tax PA and he doesn't get any upside of rates increases?

If I were him I'd get some coke and hookers and waste the rest.

[jeff m]

Cazzer,
I know you said risk averse but even on deposit you are taking a sterling bet.
I'm in the States so a bit out of touch with UK but this was always a fairly conservative fund ....http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=ITFRCL&univ=T....
Has consistantly paid a div.
Currently at 8% discount and should give hime a little inflation protection.
50% maybe.

[jeff m]

NoelWatson said:

Jasandjules said:

cazzer said:

4. something for a 2 year fixed bond

Bonds are good for the risk averse.

What type?

International maybe.....just check it doesn't hold too many Latvian bonds
Managements cost are critical.

[Martial Arts Man]

People in general in this country are just going to have to get used to the fact that their money will not work for them to the tune of 5%+ , with no (or very little) risk involved, like recent years gone by.

If anyone comes up with a way, please let me know!

[jeff m]

haworthlloyd1 said:

jeff m said:

Cazzer,
I know you said risk averse but even on deposit you are taking a sterling bet.
I'm in the States so a bit out of touch with UK but this was always a fairly conservative fund ....http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=ITFRCL&univ=T....
Has consistantly paid a div.
Currently at 8% discount and should give hime a little inflation protection.
50% maybe.

dunno about a sterling bet if he lives in the UK and invests in the UK?

Well I'm in the US but have less than 15% of my funds in the US markets, I do have 20% cash in US$ but always on the lookout to park it elsewhere

Maintaining value is the criteria I use when investing. The US like UK import many of the things I buy, if I just sit in the $, or in your case Sterling, hard earned wealth (I wish) will gradually lose value.

Of course everybody has a different way of seeing stuff, if you happy in cash then the ING suggestion is sound.

[cazzer]

I think I should just tell him to stick it in the Abbey National...he'll worry too much about anything else.

[johnfm]

crude oil ETF

Edited by johnfm on Friday 19th June 16:48

[cazzer]

Waiting for the first person to say....


"One word....Plastics"

[jeff m]

haworthlloyd1 said:

appreciate what you say but that's a little too technical for an older guy that just wants to put £12k in a savings account!! l

I am an older guy