£1000 for 4 years. What to do?
Discussion
sussexjob said:
ARM shares or if you really want to push the boat out Rockhopper.
Hardly a safe place for savings are they?Last time I looked the AA were offering the best instant access savings account, under 3% interest but im sure your already aware of that situation
Fixed rate bonds offer a slightly higher rate, but ofcourse being fixed rate if BOE put the base rate up in the next 4 years (big IF there!) then you wont get any benefit. Perhaps check out a site like money supermarket to see whats best for you?
I'm amazed at these jokers recommending single equity stocks - for a short-term investment where you want to protect capital as far as possible, a savings account is your only sensible option.
Do some research to find the best rate - yes, you won't make millions, but you will guarantee have £1,200 or so in 4 years' time.
Sidicks
Do some research to find the best rate - yes, you won't make millions, but you will guarantee have £1,200 or so in 4 years' time.
Sidicks
sidicks said:
I'm amazed at these jokers recommending single equity stocks - for a short-term investment where you want to protect capital as far as possible, a savings account is your only sensible option.
Do some research to find the best rate - yes, you won't make millions, but you will guarantee have £1,200 or so in 4 years' time.
Sidicks
Zero comprehension of risk. It baffles me as well. Do some research to find the best rate - yes, you won't make millions, but you will guarantee have £1,200 or so in 4 years' time.
Sidicks
My philosophy re investment is to maintain value.
Not as easy as it sounds.
ie Jr should be able to buy the same item in four years time that he could buy today.
The problem though is having a fixed date, nobody can gaurantee the state of things on his birthday
So I would suggest looking at a fund for two to three years, then put on deposit so you are not at the mercy of the market.
I'm not sure you can put 1k in a fund on its own, but you could add it to one you own yourself. (don't forget to add any reivested div to his original no of units
)
Not as easy as it sounds.
ie Jr should be able to buy the same item in four years time that he could buy today.
The problem though is having a fixed date, nobody can gaurantee the state of things on his birthday
So I would suggest looking at a fund for two to three years, then put on deposit so you are not at the mercy of the market.
I'm not sure you can put 1k in a fund on its own, but you could add it to one you own yourself. (don't forget to add any reivested div to his original no of units
)jeff m said:
My philosophy re investment is to maintain value.
Which makes sense given the OP's objective.jeff m said:
So I would suggest looking at a fund for two to three years, then put on deposit so you are not at the mercy of the market.
Which make zero sense given the OP's objectives, given the volatililty of equity markets at the moment!!?
Sidicks
sidicks said:
jeff m said:
My philosophy re investment is to maintain value.
Which makes sense given the OP's objective.jeff m said:
So I would suggest looking at a fund for two to three years, then put on deposit so you are not at the mercy of the market.
Which make zero sense given the OP's objectives, given the volatililty of equity markets at the moment!!?
Sidicks
Volatilty is often an op to be taken advantage.
We should be shot of Obarma and his version of helping the middle classes. Greece should have sold enough Gyros to cover its debt. Infrastructure in developing countries is on the move. Iraq and Afganistan could be settled etc etc. The one thing that will not change/dissapear is debt, and that will erode value in paper stuff.
I agree time period two to three years is short, but "Wocha gonna do
You can't wait until the market is up to buy, many do of course.
Deposit route would be a four year CD, with an anticipated rise in interest rates, but you can't get one for 1K
Edited by jeff m on Friday 8th October 14:40
jeff m said:
With respect on deposit in Sterling for four years will not maintain value, Swiss Franc maybe.
Volatilty is often an op to be taken advantage.
Not in real terms maybe, but you are guaranteed to have £1,040 or whatever in 4 years' time.Volatilty is often an op to be taken advantage.
jeff m said:
We should be shot of Obarma and his version of helping the middle classes. Greece should have sold enough Gyros to cover its debt. Infrastructure in developing countries is on the move. Iraq and Afganistan could be settled etc etc. The one thing that will not change/dissapear is debt, and that will erode value in paper stuff.
In addition to fees incurred, any overseas equities will pose currency risk as well as significant market risk, so i do not see this as viable for a 4 year investment.Sidicks
Edited by sidicks on Friday 8th October 14:32
sidicks said:
jeff m said:
With respect on deposit in Sterling for four years will not maintain value, Swiss Franc maybe.
Volatilty is often an op to be taken advantage.
Not in real terms maybe, but you are guaranteed to have £1,040 or whatever in 4 years' time.Volatilty is often an op to be taken advantage.
jeff m said:
We should be shot of Obarma and his version of helping the middle classes. Greece should have sold enough Gyros to cover its debt. Infrastructure in developing countries is on the move. Iraq and Afganistan could be settled etc etc. The one thing that will not change/dissapear is debt, and that will erode value in paper stuff.
In addition to fees incurred, any overseas equities will pose currency risk as well as significant market risk, so i do not see this as viable for a 4 year investment.Sidicks
Maybe we should all vote that he gives Jr the money now, it's the only sure fire way of beating loss of value.
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