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By (user no longer on site) OP   
over a year ago

What would be the most beneficial way of investing £5000 please?

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By (user no longer on site)
over a year ago

Convert it into euros

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By (user no longer on site)
over a year ago

A good idea would be to invest in oil, loads can be made there. I heard

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex


"What would be the most beneficial way of investing £5000 please? "

I have a special account you could put it in .

Seriously though some people say premium bonds, some an ISA, some pay off any bills it's a minefield in my opinion.

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By *icketysplitsWoman
over a year ago

Way over Yonder, that's where I'm bound

Just give it to me and I'll sort it out for you. It will be most beneficial to me.

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex


"Convert it into euros"

Yes and wait for the rate to come back down and convert it back, I've heard of a few people doing that.

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By *lanwoodMan
over a year ago

Alton

If you have a mortgage, use the money to reduce it.

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By (user no longer on site) OP   
over a year ago


"If you have a mortgage, use the money to reduce it."

No mortgage

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By (user no longer on site) OP   
over a year ago


"Just give it to me and I'll sort it out for you. It will be most beneficial to me. "

I was expecting better advice lickety

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By *trawberry-popWoman
over a year ago

South East Midlands NOT


"If you have a mortgage, use the money to reduce it."

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property?

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By (user no longer on site)
over a year ago

Have a look at the Money Advice Service website. It's impartial and may help clarify your thoughts on the time you wish to invest it, penalty fees, tax free savings etc depending on your circumstances

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By (user no longer on site) OP   
over a year ago


"What would be the most beneficial way of investing £5000 please?

I have a special account you could put it in .

Seriously though some people say premium bonds, some an ISA, some pay off any bills it's a minefield in my opinion."

I know that's why I'm asking the help of you lot

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By (user no longer on site)
over a year ago


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property? "

A property for £5000?

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By *lanwoodMan
over a year ago

Alton

It will also depend on whether this is the only money you have to invest. If it is, then you need to keep it safe, which means very little return. If you've already got millions stashed away somewhere, then the world's your oyster.

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By *ourbonKissMan
over a year ago

a land up north..... of leicester

I would suggest talking to a financial advisor, most are happy to give a little free advice

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By (user no longer on site)
over a year ago


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property? "

With 5000? Crikey where in the country is that cheap?

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By *trawberry-popWoman
over a year ago

South East Midlands NOT


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property?

A property for £5000?"

Well, that would just be stupid. But £5k is a good deposit in some parts of the country, and the point of buy to let is for the rent to pay the mortgage.

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By (user no longer on site)
over a year ago


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property?

A property for £5000?

Well, that would just be stupid. But £5k is a good deposit in some parts of the country, and the point of buy to let is for the rent to pay the mortgage. "

Good deposit? A bank wouldnt lend on that

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By (user no longer on site)
over a year ago

Depends quite massively on your situation and goal.

One thing I can state without know the above is that interest rates on savings accounts and even ISA's aren't worth a damn. An ISA is only really a good idea if you want some liquid asset but your money is usually better elsewhere (stocks and savings account such as Vanguard or put towards paying off your mortgage).

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By (user no longer on site)
over a year ago

See an ifa. No one here knows your situation so couldn't advise you on what is best for you.

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By (user no longer on site) OP   
over a year ago


"It will also depend on whether this is the only money you have to invest. If it is, then you need to keep it safe, which means very little return. If you've already got millions stashed away somewhere, then the world's your oyster."

It's all I have, apart from pension, hence why I want to find a good investment for it.

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By *trawberry-popWoman
over a year ago

South East Midlands NOT


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property?

A property for £5000?

Well, that would just be stupid. But £5k is a good deposit in some parts of the country, and the point of buy to let is for the rent to pay the mortgage.

Good deposit? A bank wouldnt lend on that "

In some parts of the country you can buy a house for less than 30k...

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex


"What would be the most beneficial way of investing £5000 please?

I have a special account you could put it in .

Seriously though some people say premium bonds, some an ISA, some pay off any bills it's a minefield in my opinion.

I know that's why I'm asking the help of you lot "

Well I say premium bonds. The return on a safe investment is small but guaranteed, the return on premium bonds is not guaranteed but possibly millions and your stake is safe.

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By (user no longer on site) OP   
over a year ago


"I would suggest talking to a financial advisor, most are happy to give a little free advice "

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex


"It will also depend on whether this is the only money you have to invest. If it is, then you need to keep it safe, which means very little return. If you've already got millions stashed away somewhere, then the world's your oyster.

It's all I have, apart from pension, hence why I want to find a good investment for it."

ISA with four grand and premium bonds with one thousand.

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By (user no longer on site)
over a year ago


"Well I say premium bonds. The return on a safe investment is small but guaranteed, the return on premium bonds is not guaranteed but possibly millions and your stake is safe."

Sorry but I disagree, premium bonds are a terrible investment.

OP, as you mention it being your only saving other than a pension, I assume you are looking to save to the future. If you can afford to pump an extra hundred or two a month into a Vanguard account I'd highly recommend it.

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By *lanwoodMan
over a year ago

Alton


"It will also depend on whether this is the only money you have to invest. If it is, then you need to keep it safe, which means very little return. If you've already got millions stashed away somewhere, then the world's your oyster.

It's all I have, apart from pension, hence why I want to find a good investment for it."

In that case, you cannot afford to risk it. Premium Bonds is a good suggestion. You can't lose the capital and any winnings are tax free.

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By (user no longer on site)
over a year ago

Stocks definately. Speak to brokers or someone who has experience. Bank rates are gash all round at the moment.

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By (user no longer on site) OP   
over a year ago


"Well I say premium bonds. The return on a safe investment is small but guaranteed, the return on premium bonds is not guaranteed but possibly millions and your stake is safe.

Sorry but I disagree, premium bonds are a terrible investment.

OP, as you mention it being your only saving other than a pension, I assume you are looking to save to the future. If you can afford to pump an extra hundred or two a month into a Vanguard account I'd highly recommend it."

I've never heard of Vangurad account-at you explain please?

Yes future savings.

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By (user no longer on site)
over a year ago

Buy 5000 pairs of £1 knickers from Primarni. Sell them for £5 each on Flea bay. £25,000 made. Voila.

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By (user no longer on site)
over a year ago


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property?

A property for £5000?

Well, that would just be stupid. But £5k is a good deposit in some parts of the country, and the point of buy to let is for the rent to pay the mortgage.

Good deposit? A bank wouldnt lend on that

In some parts of the country you can buy a house for less than 30k..."

Really? Where? And if so at that price you would have to pay cash. A bank wouldnt give a mortgage for probably much less than 100,000 it wouldnt be worth it to them

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex


"Well I say premium bonds. The return on a safe investment is small but guaranteed, the return on premium bonds is not guaranteed but possibly millions and your stake is safe.

Sorry but I disagree, premium bonds are a terrible investment.

OP, as you mention it being your only saving other than a pension, I assume you are looking to save to the future. If you can afford to pump an extra hundred or two a month into a Vanguard account I'd highly recommend it."

no need to be sorry I'm no expert.

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By (user no longer on site)
over a year ago

No brainer buy into bloodstock thats what I do. Long term and fun too..

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By (user no longer on site)
over a year ago

Party like there's no tomorrow. Money,Money, Money.. Is the root of all evil..

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By (user no longer on site) OP   
over a year ago


"It will also depend on whether this is the only money you have to invest. If it is, then you need to keep it safe, which means very little return. If you've already got millions stashed away somewhere, then the world's your oyster.

It's all I have, apart from pension, hence why I want to find a good investment for it.

ISA with four grand and premium bonds with one thousand. "

Can you lose on ISA's?

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By (user no longer on site) OP   
over a year ago


"Buy 5000 pairs of £1 knickers from Primarni. Sell them for £5 each on Flea bay. £25,000 made. Voila. "

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By (user no longer on site)
over a year ago


" no need to be sorry I'm no expert."

Me neither, and I have the bank account to prove it!

I do read a lot of finance stuff though in the vain hopes that one day if I ever get some, I'd know what to do with it (it also helps knowing how it all works anyway).

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By *trawberry-popWoman
over a year ago

South East Midlands NOT


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property?

A property for £5000?

Well, that would just be stupid. But £5k is a good deposit in some parts of the country, and the point of buy to let is for the rent to pay the mortgage.

Good deposit? A bank wouldnt lend on that

In some parts of the country you can buy a house for less than 30k...

Really? Where? And if so at that price you would have to pay cash. A bank wouldnt give a mortgage for probably much less than 100,000 it wouldnt be worth it to them"

Hull is a prime example. 2 bed terraced house for 28k. And actually, minimum mortgage you can get is 25k.

I know this, purely because i'm in the fortunate position where I have a big fat deposit and only need to borrow a relatively small amount.

A few years ago I was looking at a potential investment in glasgow. A 2 bed flat for 18k. It will have gone up now, but it would have been worth it. I only didn't buy it because I decided I'm too tight to pay an agent to look after it for me. That would have been cash of course, because the min mortgage is 25k!

Anyway, OP, def best advise it to speak to an independent financial advisor, or look at MA if you don't want to pay someone to tell you what to do with your money.

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By *ourbonKissMan
over a year ago

a land up north..... of leicester


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property?

A property for £5000?

Well, that would just be stupid. But £5k is a good deposit in some parts of the country, and the point of buy to let is for the rent to pay the mortgage.

Good deposit? A bank wouldnt lend on that "

there's parts of Nottingham where you can buy houses that are ideal for letting for £40-50k. It can't be the only place like that in the country

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By *mmabluTV/TS
over a year ago

upton wirral

For lond term,an Isa linked to the stock exchange,works well as stock exchange keeps rising over time

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By (user no longer on site)
over a year ago


"Hull is a prime example. 2 bed terraced house for 28k. And actually, minimum mortgage you can get is 25k."

That's fine and all but properties cost money on top of that. When the boiler dies you need the money to fix it. Plus that fact you need to manage the property (be in a reasonable vicinity) AND deal with estate agents ripping you off. It's not for everyone (NB most people).

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By (user no longer on site) OP   
over a year ago


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property?

A property for £5000?

Well, that would just be stupid. But £5k is a good deposit in some parts of the country, and the point of buy to let is for the rent to pay the mortgage.

Good deposit? A bank wouldnt lend on that

In some parts of the country you can buy a house for less than 30k...

Really? Where? And if so at that price you would have to pay cash. A bank wouldnt give a mortgage for probably much less than 100,000 it wouldnt be worth it to them

Hull is a prime example. 2 bed terraced house for 28k. And actually, minimum mortgage you can get is 25k.

I know this, purely because i'm in the fortunate position where I have a big fat deposit and only need to borrow a relatively small amount.

A few years ago I was looking at a potential investment in glasgow. A 2 bed flat for 18k. It will have gone up now, but it would have been worth it. I only didn't buy it because I decided I'm too tight to pay an agent to look after it for me. That would have been cash of course, because the min mortgage is 25k!

Anyway, OP, def best advise it to speak to an independent financial advisor, or look at MA if you don't want to pay someone to tell you what to do with your money. "

MA?

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By (user no longer on site)
over a year ago

Buy a plot of land

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By (user no longer on site)
over a year ago


"Buy a plot of land "

Indeed! Then apply for planning permission, get denied, wait 10 years to eventually get it, then sell it.

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By *icecouple561Couple
Forum Mod
over a year ago

East Sussex


"It will also depend on whether this is the only money you have to invest. If it is, then you need to keep it safe, which means very little return. If you've already got millions stashed away somewhere, then the world's your oyster.

It's all I have, apart from pension, hence why I want to find a good investment for it.

ISA with four grand and premium bonds with one thousand.

Can you lose on ISA's?"

I don't think so no.

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By *oddyWoman
over a year ago

between havant and chichester

go on homes under the hammer bargains to be had if you dont mind getting your hands dirty

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By *cltdCouple
over a year ago

moira/belfast


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property?

A property for £5000?

Well, that would just be stupid. But £5k is a good deposit in some parts of the country, and the point of buy to let is for the rent to pay the mortgage.

Good deposit? A bank wouldnt lend on that

In some parts of the country you can buy a house for less than 30k...

Really? Where? And if so at that price you would have to pay cash. A bank wouldnt give a mortgage for probably much less than 100,000 it wouldnt be worth it to them"

That's not true. You can certainly buy a property for 30 40 or 50k in Northern Ireland. Although they would not be great houses they will generate 5k

Crowd funding will work though

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By (user no longer on site)
over a year ago

Blow the lot on a holiday

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By *trawberry-popWoman
over a year ago

South East Midlands NOT


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property?

A property for £5000?

Well, that would just be stupid. But £5k is a good deposit in some parts of the country, and the point of buy to let is for the rent to pay the mortgage.

Good deposit? A bank wouldnt lend on that

In some parts of the country you can buy a house for less than 30k...

Really? Where? And if so at that price you would have to pay cash. A bank wouldnt give a mortgage for probably much less than 100,000 it wouldnt be worth it to them

Hull is a prime example. 2 bed terraced house for 28k. And actually, minimum mortgage you can get is 25k.

I know this, purely because i'm in the fortunate position where I have a big fat deposit and only need to borrow a relatively small amount.

A few years ago I was looking at a potential investment in glasgow. A 2 bed flat for 18k. It will have gone up now, but it would have been worth it. I only didn't buy it because I decided I'm too tight to pay an agent to look after it for me. That would have been cash of course, because the min mortgage is 25k!

Anyway, OP, def best advise it to speak to an independent financial advisor, or look at MA if you don't want to pay someone to tell you what to do with your money.

MA? "

The government's Money Advise service.

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By (user no longer on site) OP   
over a year ago


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property?

A property for £5000?

Well, that would just be stupid. But £5k is a good deposit in some parts of the country, and the point of buy to let is for the rent to pay the mortgage.

Good deposit? A bank wouldnt lend on that

In some parts of the country you can buy a house for less than 30k...

Really? Where? And if so at that price you would have to pay cash. A bank wouldnt give a mortgage for probably much less than 100,000 it wouldnt be worth it to them

Hull is a prime example. 2 bed terraced house for 28k. And actually, minimum mortgage you can get is 25k.

I know this, purely because i'm in the fortunate position where I have a big fat deposit and only need to borrow a relatively small amount.

A few years ago I was looking at a potential investment in glasgow. A 2 bed flat for 18k. It will have gone up now, but it would have been worth it. I only didn't buy it because I decided I'm too tight to pay an agent to look after it for me. That would have been cash of course, because the min mortgage is 25k!

Anyway, OP, def best advise it to speak to an independent financial advisor, or look at MA if you don't want to pay someone to tell you what to do with your money.

MA?

The government's Money Advise service. "

Thanks

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By (user no longer on site)
over a year ago

Bit of a different idea and probably not worth the risk for you to do somethin like this but a couple of years ago my sister bought a painting by Ronnie Wood of the Rolling Stones for £2000. Its worth a fair bit more now

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By *mmabluTV/TS
over a year ago

upton wirral


"Buy 5000 pairs of £1 knickers from Primarni. Sell them for £5 each on Flea bay. £25,000 made. Voila. "
Good idea might work,try £100 first you never know

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By (user no longer on site)
over a year ago

Don't go into stocks and shares unless you know what you are doing and are happy with potentially loosing some or all of it.

ISA is a tax free savings account. Every bank has them, better interest rates than normal savings accounts. Most are instant access should you need the money at any time. However some available with slightly higher rates are tired up for say 3 years or whatever. Importantly these are non-risk, so are guaranteed to Increase each year. Most now also do isa transfers which means each year you can transfer it to a different bank to get a better interest rate.

-any financial advisor worth their salt would always advise to fulfill the ISA allowance each year, before looking to do anything else. Basic sound financial advice.

There are also stocks and shares isa's, but again you need to be prepared to leave it there for a long time (especially in current financial market) and be prepared and happy for the money to loose value and potentially get less back than what you put in.

Premium bonds. Hit and miss. Actually in terms of "winning", it's coming in at about the equivalent of a standard ISA at the moment per anum. People like them because they like the win, and £10 in one go each year, seems more than £10 over the course of a year.. But you could win nothing. Or you could win more. Not something to look at if you want to make consistent gains.

Investments... With £5k, you won't get anything massive, especially as you will be seen as an new investor with no prior knowledge. anything high risk, linked to shares, with large potential, won't be suitable for you under the new financial rules.

Another option id look at is a Bond, bank based, not stock market based. Tie the money up for as long as you like with a guaranteed return.

Basically. Go for an isa or a bank bond. Look to see which has the best rates.

Oh, I'm a IFA.

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By (user no longer on site)
over a year ago

Absolutely no point in a ~2% saving ISA in this situation.

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By (user no longer on site)
over a year ago

Give it to charity.Your good deed will have exponential returns on your soul.

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By (user no longer on site) OP   
over a year ago


"Don't go into stocks and shares unless you know what you are doing and are happy with potentially loosing some or all of it.

ISA is a tax free savings account. Every bank has them, better interest rates than normal savings accounts. Most are instant access should you need the money at any time. However some available with slightly higher rates are tired up for say 3 years or whatever. Importantly these are non-risk, so are guaranteed to Increase each year. Most now also do isa transfers which means each year you can transfer it to a different bank to get a better interest rate.

-any financial advisor worth their salt would always advise to fulfill the ISA allowance each year, before looking to do anything else. Basic sound financial advice.

There are also stocks and shares isa's, but again you need to be prepared to leave it there for a long time (especially in current financial market) and be prepared and happy for the money to loose value and potentially get less back than what you put in.

Premium bonds. Hit and miss. Actually in terms of "winning", it's coming in at about the equivalent of a standard ISA at the moment per anum. People like them because they like the win, and £10 in one go each year, seems more than £10 over the course of a year.. But you could win nothing. Or you could win more. Not something to look at if you want to make consistent gains.

Investments... With £5k, you won't get anything massive, especially as you will be seen as an new investor with no prior knowledge. anything high risk, linked to shares, with large potential, won't be suitable for you under the new financial rules.

Another option id look at is a Bond, bank based, not stock market based. Tie the money up for as long as you like with a guaranteed return.

Basically. Go for an isa or a bank bond. Look to see which has the best rates.

Oh, I'm a IFA.

"

I'm happy to not touch it for years. However I'd rather not lose any of it.

Is that my only option? Putting it somewhere but to make money on it I risk losing some of it?

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By (user no longer on site) OP   
over a year ago


"Give it to charity.Your good deed will have exponential returns on your soul. "

I do enough for charity

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By *at69driveMan
over a year ago

Hertford


"What would be the most beneficial way of investing £5000 please? "
It will depend on your attitude to risk. I would probably select five shares in the FTSE 250 and invest £1000 in each . However you must remember that any investment in shares must be long term as they can go both up and down. A ten year period should be sufficient to give you a good return. Anyone who invested £1000 in Fidelity Special Situations fund in 1979 would now have a return in in excess of £150,000.

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By *at69driveMan
over a year ago

Hertford


"What would be the most beneficial way of investing £5000 please? It will depend on your attitude to risk. I would probably select five shares in the FTSE 250 and invest £1000 in each . However you must remember that any investment in shares must be long term as they can go both up and down. A ten year period should be sufficient to give you a good return. Anyone who invested £1000 in Fidelity Special Situations fund in 1979 would now have a return in in excess of £150,000. "
Anyone investing in shares for the long term is unlikely to lose money . Those who lose are those who attempt to second guess the market and try to nip in and out when shares rise or fall. There are two types of investor , those who cannot predict the future and those who do not know that they cannot predict the future .

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By (user no longer on site) OP   
over a year ago


"What would be the most beneficial way of investing £5000 please? It will depend on your attitude to risk. I would probably select five shares in the FTSE 250 and invest £1000 in each . However you must remember that any investment in shares must be long term as they can go both up and down. A ten year period should be sufficient to give you a good return. Anyone who invested £1000 in Fidelity Special Situations fund in 1979 would now have a return in in excess of £150,000. "

My parents have money in shares- for years- yes I I think? They are t doing so well

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By *oward1978Man
over a year ago

Rotherham


"What would be the most beneficial way of investing £5000 please? "

Book an expensive holiday. Invite me along. Best decision you'll ever make. Sorted!

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By (user no longer on site)
over a year ago

You could always invest in a way to transport me down to you

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By *innamon!Woman
over a year ago

no matter

I have premium bonds and win most months .. but I imagine 5000 needs to go somewhere specific. look at martin lewis online. Put in an Isa perhaps. need to search for the best interest and he is good with that advice.

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By *at69driveMan
over a year ago

Hertford


"It will also depend on whether this is the only money you have to invest. If it is, then you need to keep it safe, which means very little return. If you've already got millions stashed away somewhere, then the world's your oyster.

It's all I have, apart from pension, hence why I want to find a good investment for it.

ISA with four grand and premium bonds with one thousand.

Can you lose on ISA's?

I don't think so no. "
Share based ISA's can go up and down .All an ISA does is package the investment inside a tax wrapper..

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By (user no longer on site) OP   
over a year ago


"What would be the most beneficial way of investing £5000 please?

Book an expensive holiday. Invite me along. Best decision you'll ever make. Sorted! "

If only

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By (user no longer on site) OP   
over a year ago


"You could always invest in a way to transport me down to you "

Again if only

As someone once said... If you really want to see someone money and distance is not worry.

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By *oward1978Man
over a year ago

Rotherham


"You could always invest in a way to transport me down to you

Again if only

As someone once said... If you really want to see someone money and distance is not worry."

Indeed. I'm working on it!

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By (user no longer on site) OP   
over a year ago


"You could always invest in a way to transport me down to you

Again if only

As someone once said... If you really want to see someone money and distance is not worry.

Indeed. I'm working on it! "

Believe when I see it

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By (user no longer on site)
over a year ago


"What would be the most beneficial way of investing £5000 please? It will depend on your attitude to risk. I would probably select five shares in the FTSE 250 and invest £1000 in each . However you must remember that any investment in shares must be long term as they can go both up and down. A ten year period should be sufficient to give you a good return. Anyone who invested £1000 in Fidelity Special Situations fund in 1979 would now have a return in in excess of £150,000. Anyone investing in shares for the long term is unlikely to lose money . Those who lose are those who attempt to second guess the market and try to nip in and out when shares rise or fall. There are two types of investor , those who cannot predict the future and those who do not know that they cannot predict the future . "
I disagree with that. For instance if you were to have invested with one of the major banks when they were on their arse, at about 15p a share at one point, you could have sold them within a couple of days at 89p... If you had invested thousands, this is a massive mark up. Quick money right there. It all depends on how you invest and what type of companies you go for. The kinds of fact files we have to do when anyone invests, and in view that she is a single mum, renting, this is her only capital (I assume), without investment knowledge, she would be classed as an extremely high risk client. No one in their right mind would suggest she invest in the market if this is her only nest egg.

The little of what she has said would suggest although she wants a return on her money, at the very minimum she would like the £5000 at the end of whatever term she chooses. No less.

Circumstances may change at any time, and unless you are prepared to loose all of it, then unless you have other capital to play with, stay away from the stock market, at least until you aren't bothered if you loose a few quid.

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By (user no longer on site)
over a year ago

I have some money in a ISA account but I can take it out at anytime, low interest but better then a standard bank account

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By *at69driveMan
over a year ago

Hertford


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property?

A property for £5000?

Well, that would just be stupid. But £5k is a good deposit in some parts of the country, and the point of buy to let is for the rent to pay the mortgage.

Good deposit? A bank wouldnt lend on that

In some parts of the country you can buy a house for less than 30k...

Really? Where? And if so at that price you would have to pay cash. A bank wouldnt give a mortgage for probably much less than 100,000 it wouldnt be worth it to them

Hull is a prime example. 2 bed terraced house for 28k. And actually, minimum mortgage you can get is 25k.

I know this, purely because i'm in the fortunate position where I have a big fat deposit and only need to borrow a relatively small amount.

A few years ago I was looking at a potential investment in glasgow. A 2 bed flat for 18k. It will have gone up now, but it would have been worth it. I only didn't buy it because I decided I'm too tight to pay an agent to look after it for me. That would have been cash of course, because the min mortgage is 25k!

Anyway, OP, def best advise it to speak to an independent financial advisor, or look at MA if you don't want to pay someone to tell you what to do with your money. "
The downside of buying in a cheap area is that you are going to be very restricted in your choice of tenant , if you can find any at all. You are likely to be only able to let to problem tenants . If you are a landlord you are on call 24 / 7 in order to be able to resolve any problems . Should a tenant have no hot water or electricity , they will expect it to be fixed instantly .

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By (user no longer on site)
over a year ago

ISA stands for Individual savings Account. Everyone in the UK is entitled to save each tax year without paying any tax. Simple as that. The term ISA scares people as they think it's something complicated. It's not. Just higher interest than a regular savings.

I've just had a quick look to compare, 3 year ISA is about 2.5% per anum. Money in safe, guaranteed return. At the end of the 3 years the money will still be tax free and you are free to move it wherever you choose.

A 3 year bond is about 3%, but after tax its negligible. at the end of the 3 years the money will continue to be taxed.

In view of the current market, I'd suggest to tie up in a 3 year isa, and look at the market again in 3 years. Highly likely to have higher rates available by then. Bear in mind 10 years ago, ISA's were around 10%.

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By *trawberry-popWoman
over a year ago

South East Midlands NOT


"If you have a mortgage, use the money to reduce it.

Always got to be the best option. Throw as much money as you can at your mortgage! That's what I intend to do when I eventually get one!

Could you also maybe consider a buy to let property in a cheap part of the country? Or crowd funding a property?

A property for £5000?

Well, that would just be stupid. But £5k is a good deposit in some parts of the country, and the point of buy to let is for the rent to pay the mortgage.

Good deposit? A bank wouldnt lend on that

In some parts of the country you can buy a house for less than 30k...

Really? Where? And if so at that price you would have to pay cash. A bank wouldnt give a mortgage for probably much less than 100,000 it wouldnt be worth it to them

Hull is a prime example. 2 bed terraced house for 28k. And actually, minimum mortgage you can get is 25k.

I know this, purely because i'm in the fortunate position where I have a big fat deposit and only need to borrow a relatively small amount.

A few years ago I was looking at a potential investment in glasgow. A 2 bed flat for 18k. It will have gone up now, but it would have been worth it. I only didn't buy it because I decided I'm too tight to pay an agent to look after it for me. That would have been cash of course, because the min mortgage is 25k!

Anyway, OP, def best advise it to speak to an independent financial advisor, or look at MA if you don't want to pay someone to tell you what to do with your money. The downside of buying in a cheap area is that you are going to be very restricted in your choice of tenant , if you can find any at all. You are likely to be only able to let to problem tenants . If you are a landlord you are on call 24 / 7 in order to be able to resolve any problems . Should a tenant have no hot water or electricity , they will expect it to be fixed instantly ."

Sorry, I disagree. That's a sweeping generalisation. Just because a property is cheap or in a cheaper part of town does not mean you will have bad tenants. My mother has been a landlord for years-over 40. She's owned quite a few properties in cheap areas and only ever had 1 bad tenant.

Your rent would cover the mortgage and provide an income provided you do the sums properly. This income should be saved to use for maintenance on the property. As for being on-call-thats what lettings agents are for.

Everyone seems to be focused on the rental income-but that's not what investing in property is about-its the long term investment of having bricks and mortar. Everyone needs a home, and even the shittiest of properties are being snapped up at the moment because the market is sooo competitive. And unless the government start building 500,000 new homes a year, the housing shortage ain't gonna stop any time soon!

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By (user no longer on site) OP   
over a year ago


"ISA stands for Individual savings Account. Everyone in the UK is entitled to save each tax year without paying any tax. Simple as that. The term ISA scares people as they think it's something complicated. It's not. Just higher interest than a regular savings.

I've just had a quick look to compare, 3 year ISA is about 2.5% per anum. Money in safe, guaranteed return. At the end of the 3 years the money will still be tax free and you are free to move it wherever you choose.

A 3 year bond is about 3%, but after tax its negligible. at the end of the 3 years the money will continue to be taxed.

In view of the current market, I'd suggest to tie up in a 3 year isa, and look at the market again in 3 years. Highly likely to have higher rates available by then. Bear in mind 10 years ago, ISA's were around 10%. "

Where is the best ISA? Or do you just get one with who you bank with? I'm clueless!

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By *innamon!Woman
over a year ago

no matter

Go to martin lewis on line

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By (user no longer on site)
over a year ago


"ISA stands for Individual savings Account. Everyone in the UK is entitled to save each tax year without paying any tax. Simple as that. The term ISA scares people as they think it's something complicated. It's not. Just higher interest than a regular savings.

I've just had a quick look to compare, 3 year ISA is about 2.5% per anum. Money in safe, guaranteed return. At the end of the 3 years the money will still be tax free and you are free to move it wherever you choose.

A 3 year bond is about 3%, but after tax its negligible. at the end of the 3 years the money will continue to be taxed.

In view of the current market, I'd suggest to tie up in a 3 year isa, and look at the market again in 3 years. Highly likely to have higher rates available by then. Bear in mind 10 years ago, ISA's were around 10%.

Where is the best ISA? Or do you just get one with who you bank with? I'm clueless!"

Google "fixed term isas" and there will be lots of comparison sites. Martin Lewis is one of them, I think his site is moneysavingexpert". Don't just go with your bank. It might be crap rate.

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By *at69driveMan
over a year ago

Hertford


"ISA stands for Individual savings Account. Everyone in the UK is entitled to save each tax year without paying any tax. Simple as that. The term ISA scares people as they think it's something complicated. It's not. Just higher interest than a regular savings.

I've just had a quick look to compare, 3 year ISA is about 2.5% per anum. Money in safe, guaranteed return. At the end of the 3 years the money will still be tax free and you are free to move it wherever you choose.

A 3 year bond is about 3%, but after tax its negligible. at the end of the 3 years the money will continue to be taxed.

In view of the current market, I'd suggest to tie up in a 3 year isa, and look at the market again in 3 years. Highly likely to have higher rates available by then. Bear in mind 10 years ago, ISA's were around 10%.

Where is the best ISA? Or do you just get one with who you bank with? I'm clueless!

Google "fixed term isas" and there will be lots of comparison sites. Martin Lewis is one of them, I think his site is moneysavingexpert". Don't just go with your bank. It might be crap rate. "
Over five years £1000 invested in Fidelity UK Smaller Companies became £2918 and in Neptune UK Mid Cap £2793

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By (user no longer on site) OP   
over a year ago

Ok Thankyou

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By (user no longer on site)
over a year ago


"ISA stands for Individual savings Account. Everyone in the UK is entitled to save each tax year without paying any tax. Simple as that. The term ISA scares people as they think it's something complicated. It's not. Just higher interest than a regular savings.

I've just had a quick look to compare, 3 year ISA is about 2.5% per anum. Money in safe, guaranteed return. At the end of the 3 years the money will still be tax free and you are free to move it wherever you choose.

A 3 year bond is about 3%, but after tax its negligible. at the end of the 3 years the money will continue to be taxed.

In view of the current market, I'd suggest to tie up in a 3 year isa, and look at the market again in 3 years. Highly likely to have higher rates available by then. Bear in mind 10 years ago, ISA's were around 10%.

Where is the best ISA? Or do you just get one with who you bank with? I'm clueless!

Google "fixed term isas" and there will be lots of comparison sites. Martin Lewis is one of them, I think his site is moneysavingexpert". Don't just go with your bank. It might be crap rate. Over five years £1000 invested in Fidelity UK Smaller Companies became £2918 and in Neptune UK Mid Cap £2793 "

I agree that shares have the capacity to give great rewards. That's how I make my living!

BUT, in view of her circumstances, it would be stupid to risk it. And that is exactly what the stock market is. RISK. More so in this current climate. I stand by my advice that she should wait until the economy is better, particularly in view of the Europe referendum coming up, the problems in Greece etc. and the pure fact that this is her only capital. She's not in a position to risk it all. Simple as that.

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By *erfectlyPervertedCouple
over a year ago

Bristol

I would be inclined to put the money into an ISA that will allow you to then invest directly in stocks, shares and investment trusts.

As the investment is held within an ISA you can choose to re-invest dividends within the chosen stock without paying over the 20% rate, even if you are a higher rate tax payer.

I would be inclined to split the investment into £1000 blocks; this spreads the overall risk as some shares may fall.

You can have fun choosing your own investment stock but I would be unhappy if you fail to double your portfolio value every five years.

PM me if you want any further general information.

I'm not a financial advisor but I have been investing since 1983; stocks, shares, fine wine, Port, art and watches.

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By *eneral HysteriaMan
over a year ago

Newcastle


"What would be the most beneficial way of investing £5000 please? "

If you have any debt at over 5% you could play safe and pay some of that off.

You'll struggle to get over 5% somewhere like an isa.

A bit riskier...

You could try unit trusts: USA trusts hit 30% in that last 12 months.

Some UK and European trusts hit 14%-17%

Past yield is no guarantee of future performance.

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By *at69driveMan
over a year ago

Hertford


"I would be inclined to put the money into an ISA that will allow you to then invest directly in stocks, shares and investment trusts.

As the investment is held within an ISA you can choose to re-invest dividends within the chosen stock without paying over the 20% rate, even if you are a higher rate tax payer.

I would be inclined to split the investment into £1000 blocks; this spreads the overall risk as some shares may fall.

You can have fun choosing your own investment stock but I would be unhappy if you fail to double your portfolio value every five years.

PM me if you want any further general information.

I'm not a financial advisor but I have been investing since 1983; stocks, shares, fine wine, Port, art and watches.

"
. Good advice . As current interest rates are so low , you can hardly afford not to invest in stocks and shares .

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By *ere-for-my-convenienceWoman
over a year ago

West Midlands

Shares in the shops you use the most

Not only will you get a dividend cheque regularly

But you'll regularly recieve money off vouchers to shop where you do already

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By *ts smeeeeMan
over a year ago

Liverpool

Stay single

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By *ophieslutTV/TS
over a year ago

Central

Clear any debts.

Isas are a beneficial tax free savings tool this year only. Overall most savings rates are very low in isas and savings accounts.

The higher the risk youre prepared to take, the greater the potential gains or losses. Safe bet is a bank or equivalent thats secured by the government, but rates will likely be close to 5% max.

There are also sites that pair you with borrowers, for potentially bigger returns. Some risk involved though.

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By (user no longer on site)
over a year ago

Buy property in Greece... Prices can't go lower than they already are...

(13 years of experience on real estate and construction in Greece..)

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By *iamondjoeMan
over a year ago

Glastonbury

Blow it on a trip to Burning Man

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By (user no longer on site)
over a year ago

Red or black on a roulette wheel

Fortune favours the brave

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By (user no longer on site)
over a year ago

Invest it in Mr n Mrs Naughty get rich quick enterprises Inc' LTD PLC DEa

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By (user no longer on site)
over a year ago

Coming out with us

Her

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By (user no longer on site)
over a year ago

You could give 1p to 500,000 people and change a whole lot of people's lives

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By *at69driveMan
over a year ago

Hertford


"Buy property in Greece... Prices can't go lower than they already are...

(13 years of experience on real estate and construction in Greece..)"
But are they likely to go any higher?. What would someone do with a property in Greece ..Is there a viable letting market for holiday let's and how would this be managed ? How would people know that prices will not go even lower?

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By (user no longer on site)
over a year ago


"Convert it into euros"

Don't do this!

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By (user no longer on site)
over a year ago

Usually I am getting paid for the details but no.. It can't go lower than that..

Plus, the gigantic investing companies wouldn't take the risk to buy over 16.000 properties in the last 4 months. It's Greece you know, not Zimbabwe! They will stand on their feet again..

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By *illwill69uMan
over a year ago

moston

Put it into property...

Use it as a mortgage deposit to buy a cheap 2 up 2 down in a depressed area, spend the minimum on making the pace habitable and rent it out long term (5 year contracts available) to one of the companies that supplies accommodation to asylum seekers.

The income will be enough to cover your mortgage, maintenance, insurance, end of contract refurb costs (the place will need it) plus a small income. Then in 5 years you can either cash in and take your profits or repeat maybe adding another property or 2 along the way.

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By *iamondjoeMan
over a year ago

Glastonbury

Get up to your knees in hookers and gin

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