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"Vanguard - look at their ISA offerings and make a choice. Can place your money in and let it grow. " Look at vanguard and don’t try to time the market, even professionals who try to time the market usually fail. Over a long enough period most actively managed funds fail to beat the index. Even Warren Buffet has said for most people, the best thing to do is own the S&P 500 index. | |||
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"Vanguard - look at their ISA offerings and make a choice. Can place your money in and let it grow. " Does it give a distribution or an income? | |||
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"Vanguard - look at their ISA offerings and make a choice. Can place your money in and let it grow. Look at vanguard and don’t try to time the market, even professionals who try to time the market usually fail. Over a long enough period most actively managed funds fail to beat the index. Even Warren Buffet has said for most people, the best thing to do is own the S&P 500 index. " Great Advice | |||
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"All depends on what sort of amount you are talking about. For some people a windfall of a few thousand can be life changing, other people might not even notice anything below half a million. At the low end, you might be best to at least partially pay off any loans you have, and put the remainder into a balanced selection of ISAs and high interest accounts. At the high end, you should be finding an independent financial advisor (not the guy in your bank, who will just tell you to put it into stuff run by his bank, but someone who is properly independent, who will find what is actually best for you); with some consideration given to clearing your mortgage, putting some into a balance of long term global investments, some into very safe funds that won't give massive returns but will hold their value through any short to medium term market upsets, and some into an easily accessible "emergency" fund. If you want to have a "flutter" maybe take a small part of it and do something really risky, that might pay out big but might crash and burn - but never ever go into debt for anything risky, assume that you'll lose this bit but might get a bit of enjoyment out of the process, and if it does happen to make a few quid then that's a bonus. More than anything, you need to think about what's right for your own circumstances OP. " Good Advice.. | |||
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"Any financially minded people in the forum? I have money to invest but not sure where to put it. I want it to work and not sit in the bank! Any suggestions?" Can't recommend premium bonds enough. I've been very lucky so far this year, and it's fun to imagine being 1 of the 2 monthly million pound winners | |||
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"Vanguard - look at their ISA offerings and make a choice. Can place your money in and let it grow. Does it give a distribution or an income?" You can set it to either reinvest your profits back into your fund or as income. Personally, I’d set it to reinvest and then top up and let compound interest work its magic. | |||
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"Premium Bonds. You can't really go wrong if you have got a substatial amount in there and keep buying more with your winnings. I've not yet heard them say that they've lost anyone's money. However, it was a bit sneaky halving the minimum payout. Haven't forgiven them for that. If they'd kept it at £50 I would be really happy with my returns by now but as things are I'm still not complaining." And this is what I mean by NOT taking anyone's advice. EVERYONE loses money on Premium Bonds, everyone. As soon as you put money in, that very day, inflation eats away at the value of your investment. The number remains the same but what you can buy with it decreases daily. | |||
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"Do NOT ever, ever listen to anyone regarding investing. I have invested for decades and have fell in to the trap. Everybody, absolutely everybody, has an agenda. This doesn't apply just here, it applies everywhere. If it was that good a deal then they would not be telling the likes of you and me." The problem is, unless you've got £100k nobody's interested unless it's a high st bank. | |||
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"Do NOT ever, ever listen to anyone regarding investing. I have invested for decades and have fell in to the trap. Everybody, absolutely everybody, has an agenda. This doesn't apply just here, it applies everywhere. If it was that good a deal then they would not be telling the likes of you and me." I know what you mean buddy... They are all after something and your interests isn't necessarily taken unconditionally. But if you seek advice and info it could pay dividends. | |||
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"Premium Bonds. You can't really go wrong if you have got a substatial amount in there and keep buying more with your winnings. I've not yet heard them say that they've lost anyone's money. However, it was a bit sneaky halving the minimum payout. Haven't forgiven them for that. If they'd kept it at £50 I would be really happy with my returns by now but as things are I'm still not complaining. And this is what I mean by NOT taking anyone's advice. EVERYONE loses money on Premium Bonds, everyone. As soon as you put money in, that very day, inflation eats away at the value of your investment. The number remains the same but what you can buy with it decreases daily." Not EVERYONE as in the last 12 months I've made 7% tax free plus there's always the chance of a substantial win. It's just one of a spread of investments worth considering. | |||
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"Premium Bonds. You can't really go wrong if you have got a substatial amount in there and keep buying more with your winnings. I've not yet heard them say that they've lost anyone's money. However, it was a bit sneaky halving the minimum payout. Haven't forgiven them for that. If they'd kept it at £50 I would be really happy with my returns by now but as things are I'm still not complaining. And this is what I mean by NOT taking anyone's advice. EVERYONE loses money on Premium Bonds, everyone. As soon as you put money in, that very day, inflation eats away at the value of your investment. The number remains the same but what you can buy with it decreases daily. Not EVERYONE as in the last 12 months I've made 7% tax free plus there's always the chance of a substantial win. It's just one of a spread of investments worth considering. " Apart from its not an investment…… There will always be a random person or two on the internet who makes a fortune on them just like people who get paid to eat pies or click links BUT. what’s important is the facts …… the returns statistically are far worse than most guaranteed instant access savings accounts | |||
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"Premium Bonds. You can't really go wrong if you have got a substatial amount in there and keep buying more with your winnings. I've not yet heard them say that they've lost anyone's money. However, it was a bit sneaky halving the minimum payout. Haven't forgiven them for that. If they'd kept it at £50 I would be really happy with my returns by now but as things are I'm still not complaining. And this is what I mean by NOT taking anyone's advice. EVERYONE loses money on Premium Bonds, everyone. As soon as you put money in, that very day, inflation eats away at the value of your investment. The number remains the same but what you can buy with it decreases daily. Not EVERYONE as in the last 12 months I've made 7% tax free plus there's always the chance of a substantial win. It's just one of a spread of investments worth considering. Apart from its not an investment…… There will always be a random person or two on the internet who makes a fortune on them just like people who get paid to eat pies or click links BUT. what’s important is the facts …… the returns statistically are far worse than most guaranteed instant access savings accounts " Yes was extremely disappointing that with reducing the dividend amount. Has anyone hit the jackpot? | |||
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"Invest in property if u have enough for the deposit.HMOs my suggestion" HMO? | |||
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"Any financially minded people in the forum? I have money to invest but not sure where to put it. I want it to work and not sit in the bank! Any suggestions?" crypto a coin called bonk and leave it for at least one year. Thank me later | |||
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"Invest in property if u have enough for the deposit.HMOs my suggestion HMO?" House in multiple occupation | |||
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"Invest in property if u have enough for the deposit.HMOs my suggestion HMO? House in multiple occupation " Like a House Share | |||
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