Where to invest £50k for a year to make the best return
Discussion
Hi,
Before speaking to an IFA, I thought i'd post the question on here to see what people have done / would do (from experience).
I've got £50k house deposit, however i'm not going to be in a position to buy for about 12 months (currently renting, work relocation etc) and am looking for where to stick it for a year to make the best return.
I appreciate that in 12 months it's never going to be amazing, but I'm guessing that by spreading it across several places (ISAs etc) I could make an OK amount.
I've got access to about 4 ISAs (me, o/h and parents) so that's (£3,600 x 4?) but where to stick the rest?
I was toying with putting £10k into Zopa as I've heard good things about that.
Anyone with some gems of wisdom would be greatly appreciated.
Cheers
Before speaking to an IFA, I thought i'd post the question on here to see what people have done / would do (from experience).
I've got £50k house deposit, however i'm not going to be in a position to buy for about 12 months (currently renting, work relocation etc) and am looking for where to stick it for a year to make the best return.
I appreciate that in 12 months it's never going to be amazing, but I'm guessing that by spreading it across several places (ISAs etc) I could make an OK amount.
I've got access to about 4 ISAs (me, o/h and parents) so that's (£3,600 x 4?) but where to stick the rest?
I was toying with putting £10k into Zopa as I've heard good things about that.
Anyone with some gems of wisdom would be greatly appreciated.
Cheers
Absolutely, however there are many safe options, where at the very worst, i'll end up with the same £50k at the end of the year.
I'm not going to buy a classic car, nor stick any of it on the stock market, but there are various fixed rate bonds, ISAs and so on where I can stick it for 12 months and get a return of some sort.
Just wondering if anyone's seen anything decent recently.
I'm not going to buy a classic car, nor stick any of it on the stock market, but there are various fixed rate bonds, ISAs and so on where I can stick it for 12 months and get a return of some sort.
Just wondering if anyone's seen anything decent recently.
funkyol said:
Absolutely, however there are many safe options, where at the very worst, i'll end up with the same £50k at the end of the year.
I'm not going to buy a classic car, nor stick any of it on the stock market, but there are various fixed rate bonds, ISAs and so on where I can stick it for 12 months and get a return of some sort.
Just wondering if anyone's seen anything decent recently.
Nowt decent really in terms of stock savings - we we're in a similar position in needing somewhere to stick our savings for a year or two before buying a house - I'm not going to buy a classic car, nor stick any of it on the stock market, but there are various fixed rate bonds, ISAs and so on where I can stick it for 12 months and get a return of some sort.
Just wondering if anyone's seen anything decent recently.
ended up getting a couple of ISAs (as in one each) with one solid and one risky fund and a couple of 1 & 2 year fixed rate bonds for the rest of the cash.
not risk free - but shouldn't tank too far on aggregate...
hopefully
Scooby_snax said:
V8VKK said:
Hi please pm me we are looking for funds to add to our own and will pay up to 12% pa using your solicitor and security given as a first charge on property
How are you able to offer a 12% return in todays market
"This is your bank sir... We have your monies..."
funkyol said:
Scooby_snax said:
V8VKK said:
Hi please pm me we are looking for funds to add to our own and will pay up to 12% pa using your solicitor and security given as a first charge on property
How are you able to offer a 12% return in todays market"This is your bank sir... We have your monies..."
“Now madam what are your bank account details!”
V8VKK said:
We work with a small group of very experienced property traders who are taking advantage of the current market conditions, in fact business is booming hence the requirement for more funds.
“Now madam what are your bank account details!”
Wouldnt it be cheaper to borrow from a Bank“Now madam what are your bank account details!”
Then you wouldnt need to pay 12%
Scooby_snax said:
V8VKK said:
We work with a small group of very experienced property traders who are taking advantage of the current market conditions, in fact business is booming hence the requirement for more funds.
“Now madam what are your bank account details!”
Wouldnt it be cheaper to borrow from a Bank“Now madam what are your bank account details!”
Then you wouldnt need to pay 12%
V8VKK said:
Scooby_snax said:
V8VKK said:
We work with a small group of very experienced property traders who are taking advantage of the current market conditions, in fact business is booming hence the requirement for more funds.
“Now madam what are your bank account details!”
Wouldnt it be cheaper to borrow from a Bank“Now madam what are your bank account details!”
Then you wouldnt need to pay 12%
Cash ISAs all the way!
Between the 4 of you in the next 5 months you can get £37,800 into them (if in laws are over 50 now). Look in Wednesdays Daily Mirror for the best rates - Money section. Should be able to get >3.5% Net
The remainder, stick into an instant access account, or go for a play on zopa!
Between the 4 of you in the next 5 months you can get £37,800 into them (if in laws are over 50 now). Look in Wednesdays Daily Mirror for the best rates - Money section. Should be able to get >3.5% Net
The remainder, stick into an instant access account, or go for a play on zopa!
I think the 12% offered is a fair rate, I'm sure if they could pull in funds a 10% they would.
US R.E. investments are also doing quite well, despite the cloud over commercial letting.
Active trading in US RE shares can esily get one 10%/month. Although Nov is a little more tricky
Nobody can foresee the next 12 Months, but it appears there are very few people here that take a global approach with their funds.
Latin America funds, example fund PRLAX
Asian sans Japan, example fund PRASX
Both up around 100% YTD.
These examples are not ones plucked from the top of the performance tables, they are TRP funds ( a major fund manager.)
These funds are US domociled, but I'm sure there are UK equivalents.
Sterling is quite strong at present (1.68)so a foreign investment could work well.
US R.E. investments are also doing quite well, despite the cloud over commercial letting.
Active trading in US RE shares can esily get one 10%/month. Although Nov is a little more tricky
Nobody can foresee the next 12 Months, but it appears there are very few people here that take a global approach with their funds.
Latin America funds, example fund PRLAX
Asian sans Japan, example fund PRASX
Both up around 100% YTD.
These examples are not ones plucked from the top of the performance tables, they are TRP funds ( a major fund manager.)
These funds are US domociled, but I'm sure there are UK equivalents.
Sterling is quite strong at present (1.68)so a foreign investment could work well.
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