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£80,000
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By (user no longer on site)
over a year ago
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"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
Real estate .
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"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
1 bed or studio to rent.
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If go get advice from an advisor but the likelihood will be real estate (by to let or student properties) or index funds.
If you put the whole sum in an account your FSCS protection only covers 85k with with compound which you’d exceed after two years of interest compounding.
Get formal, qualified advice and good luck  |
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By *iguyyy OP Man
over a year ago
whitstable |
"If go get advice from an advisor but the likelihood will be real estate (by to let or student properties) or index funds.
If you put the whole sum in an account your FSCS protection only covers 85k with with compound which you’d exceed after two years of interest compounding.
Get formal, qualified advice and good luck "
Thank you, I did seek professional advice but it was very complex they wanted to take a cut of the profits but couldn’t give an exact percentage I didn’t feel confident to go with them |
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By *iguyyy OP Man
over a year ago
whitstable |
"I'd import some classic cars tidy them up re sell them make a profit and zero tax on profit, wouldn't invest it in banks housing or anything traceable "
That isn’t a bad shout at all… only if I knew what the hell I was doing but I like the idea of keeping it untraceable |
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Depends on your overall position and how much risk you wish to take along with your income. The £20k pa of tax free ISA gives plenty of options. Property also gives an option ona partly mortgaged 'buy to rent' property although property prices don't seem likely to give any immediate returns in most cases. |
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By *iguyyy OP Man
over a year ago
whitstable |
"I can't stress enough the importance of taking advice from a registered professional over and above people you done know on the net. "
Totally appreciate that I have spoken to one but didn’t feel confident at all so I’m looking for some inspiration |
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"I can't stress enough the importance of taking advice from a registered professional over and above people you done know on the net.
Totally appreciate that I have spoken to one but didn’t feel confident at all so I’m looking for some inspiration"
What makes you lack confidence in the professional? |
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By *iguyyy OP Man
over a year ago
whitstable |
"I can't stress enough the importance of taking advice from a registered professional over and above people you done know on the net.
Totally appreciate that I have spoken to one but didn’t feel confident at all so I’m looking for some inspiration
What makes you lack confidence in the professional?"
No set percentage per year and they want to take a 3% cut off the profits… |
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By (user no longer on site)
over a year ago
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Just for a reference on real estate it fluxes accordingly. We bought a house 4 years ago for 70k. The market went up drastically. Sold it for 190 k. Even if we didn't sell we still had income for the rental prior to the sale. |
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By (user no longer on site)
over a year ago
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Stick it all on red..... No wait I mean black.... No red....
Maybe best to speak to a professional? Someone different to who you spoke to before and didn't like  |
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Definitely seek advice from a professional again. I know you already have, but seek one out that has a reputation locally and provides their services for a fixed flat fee.
You really need tailored advice if you’re not confident to make the choice yourself, so that your investment strategy matches your goals and is suitable for your broader financial situation. |
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By *tead88Man
over a year ago
nine elms |
"You can get a BTL house for about 50-60k in some towns with a 9% ROI
Good luck finding one of those that doesn't need the same again spending on it!"
There’s plenty around if you know where to look, i know of at least 5 places in the north east for under 70k in good nick that are up for sale as investments with long term tenants |
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Stick £50k in premium bonds while you're thinking about it as there's no risk and you can get a steady flow of small tax free wins plus the possibility of larger wins. You can draw it out again if you find a better investment but my gains in the last 12 months have been just over 7% tax free. |
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"Stick £50k in premium bonds while you're thinking about it as there's no risk and you can get a steady flow of small tax free wins plus the possibility of larger wins. You can draw it out again if you find a better investment but my gains in the last 12 months have been just over 7% tax free."
I was going to suggest premium bonds too. Depends how much of a risk taker people are I guess. |
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"You can get a BTL house for about 50-60k in some towns with a 9% ROI
Wow where is this?"
Been there done that and the Tennant's and area your buying houses in for this price are dumps and you end up with nothing but hassle and a wrecked house that ends up costing you more in the long run than interest in the bank. To be honest I put 50 grand of my money in premium bonds and I had a 500 and 2 00 and 50 20 pay out in the first year |
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By (user no longer on site)
over a year ago
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Premium bonds
Stainless steel rolex sub mariner , brand new uf you can get one, and second hand, buy from a reputable jeweller, have a look at Parkers in Sheffield
I bought a second hand sub in 2009 for 3250, sold it for 5000 in 2014,now going for 9k |
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By *irthandgirthMan
over a year ago
Camberley occasionally doncaster |
"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
Are you looking at liquid cash interest, or an investment you cam sell?
80k is a decent deposit for a rental, which could net you a decent return (and you can sell later).
I believe whisky is a good investment purchase, decent growth/returns. |
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"Go and speak to a different advisor.
There are plenty of people who will willingly separate you from your money.
Absolutely, that’s the feeling I got from that so called professional…"
Find someone FCA registered and speak to them. They'll charge a fee, nobody works for nothing. I've had very good financial advice that way |
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"Stick £50k in premium bonds while you're thinking about it as there's no risk and you can get a steady flow of small tax free wins plus the possibility of larger wins. You can draw it out again if you find a better investment but my gains in the last 12 months have been just over 7% tax free."
I was going to suggest this. You can only put £50k in but that leaves you £30k with which you can diversify and maybe treat yourself to gold/watches or invest in shares etc.
Premium bonds are very safe, you won’t lose any money and, whilst winning isn’t guaranteed, £50k investment usually means you’ll get prizes like the poster I’m quoting.
I went into property but have paused the business for the time being. Mortgage rates on buy-to-let are crazy which means the stress testing by lenders is unviable right now. Factor in tax (which you now have to pay on all rental income), repairs, letting agents fees, annual necessities such as gas safe certification etc, you’ll be left with very little income. And if you do it through a business, corporation tax is going up from 19 to 25%.
The upside is you’ll be left with a property at the end of your venture which you can sell. Property usually appreciates long term, but it won’t for the next two years. Factor in also that, if your mortgage is interest only (most BTL properties are) you’ll still have the full capital to repay. |
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By (user no longer on site)
over a year ago
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"I have an uncle in Uganda. He's a prince and makes great investments. I could give him your details. You won't regret it."
You liar!! Your uncle is from Nigeria. I know, I have already invested in his business and he tells me I have won the Nigerian national lottery and will receive £100 million when I send him the "20k admin fee |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
Safest option is your 4% you can do a bit of admin and get a little higher with 5-10k pots like Barclays today day pays 5.12 now.FSCS will protect £85K per bank so it’s 100% safe from
Losses, other than the impact of inflation. 6,9,12 month fixes and those with notice periods or fixed numbers of withdrawals look to be the best ones right now.
I’m still using p2p and getting average 6.5% on 50K but it’s not completely risk free, Returns are around 9% , fees, losses, recoveries bring it to 6.5% tax is removed by an IFISA wrapper |
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By (user no longer on site)
over a year ago
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Get advice.
I've skimmed through the thread and noone seems to have asked you about your wider financial circumstances. Or what your financial goals and concerns are.
It's immediately how to invest.
Eg putting it all in single property is not a great idea imo of you have no other emergency funds. Property is illiquid, fairly volatile and high transaction costs.
If you have no retirement savings (but want to retire) and can afford to lock it away, a pension can give you a day one boost through tax reliefs. But dont put all 80k in if you may need it early.
I get that ppl don't like paying for advice. But the costs of doing the wrong thing can be a lot higher. Rewind a few years and someone would have suggested some crypto. Today flavour of the month seems to be precious metals. Tomorrow will be something else. Free advice (including this!) is worth every penny you pay for it.
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"Get advice.
I've skimmed through the thread and noone seems to have asked you about your wider financial circumstances. Or what your financial goals and concerns are.
It's immediately how to invest.
Eg putting it all in single property is not a great idea imo of you have no other emergency funds. Property is illiquid, fairly volatile and high transaction costs.
If you have no retirement savings (but want to retire) and can afford to lock it away, a pension can give you a day one boost through tax reliefs. But dont put all 80k in if you may need it early.
I get that ppl don't like paying for advice. But the costs of doing the wrong thing can be a lot higher. Rewind a few years and someone would have suggested some crypto. Today flavour of the month seems to be precious metals. Tomorrow will be something else. Free advice (including this!) is worth every penny you pay for it.
"
Honestly unless you have at least a few hundred k to invest it’s not worth paying for advice unless you really need it.
IFA’s are like mortgage advisors in estate agents , they know less that many on here , they can tell you what your ISA allowance is if you don’t know it but aren’t even allowed to to tell how to reduce HR tax with pensions unless they are a registered tax accountant. They can’t tell you how to use an IFISA or how to declare losses on p2p loans , they can’t advise which vanguard life strategy product is best for you.
If you has limited financial knowledge to need an IFA for 80K , then you are paying them to explain martins blog to you |
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By (user no longer on site)
over a year ago
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"I checked out flats etc they are like £160,000/£200,000 here  "
You can still buy terraced houses up north for 50k and spend 20k fixing them, 10k contingency and return you around 600 PCM, less expenses that a 10% yield and an asset that will only appreciate in value. |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"I checked out flats etc they are like £160,000/£200,000 here
You can still buy terraced houses up north for 50k and spend 20k fixing them, 10k contingency and return you around 600 PCM, less expenses that a 10% yield and an asset that will only appreciate in value."
Nope- Gross revenue isn’t net profit. You now pay tax on the whole 600 so that’s more like 300pcm, 5% yield max, equivalent to high st savings accounts, with the added risk of losing it all and the stress of a massive project…. |
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I’ve put £20K across several investment portfolio’s in Vanguard. Advice comes in handy, but you have to be specific as to what you are asking.
What do you want to actually achieve with it? Additional income? Early retirement? Dividends etc? Also what’s your risk profile? Are you more tolerant of higher risks? If not, you’ll want to stay away from certain products.
First thing first is to get yourself a risk profile done, understand your tolerance to it, you can then make more informed decisions based off that. |
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By *oodmessMan
over a year ago
yumsville |
"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
I've no real clue about finances so take this with a pinch of salt. If you're looking for steady returns, yorkshire building society has an ISA at 4% for members or 3.5% for non members. I'm not sure if you could open a £1 savings account then an isa the week after? As far as I can tell it's one of the highest around.
Nationwide do saver bond accounts at 5% for 2yrs though you can't touch the money, and you may have to declare income tax
A stocks and shares isa might be an option if you really don't need to touch it - holding only a few good named (growth/income) companies and leaving them to accumulate. Trying to predict markets is near impossible but good funds always help ease any single name company falls. So if you buy 3 large UK companies, diversify with funds in say s&p 500, mid-caps, global small-cap. (though buy in price reflects in your returns & shares usually drop after April isa uptake until late Oct). Much as you have to keep your account active, you really do have to leave them alone for 5yrs unless you see a massive spike, but it will be in an isa.
Property values are supposed to come down though have crept back up, over time as people say, buy on a good street as there are never enough houses.
Start a business you understand or a passionate about but weigh if there is a need in the area? |
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By (user no longer on site)
over a year ago
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"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
If we're lucky.
Some of us are lucky to get 2.5%
Interest rates can be a double edged sword.
We want them to be low when we're borrowing, but high when we're saving.
I've had a bit of a double blow.
When I had a mortgage, Interest rates were around 13.5%
Now that I have savings, they're pitiful |
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"You can get a BTL house for about 50-60k in some towns with a 9% ROI
Wow where is this?"
Loads, Midlands up.
Coastal Cumbria is a good shout with the decommissioning of Sellafield. That'll take decades. Lots of professionals are being drawn to area for work, engineers etc. Massive, massive project. Bound to drive housing prices. At the moment incredibly cheap. My friend got a beautiful 6 bed Victorian house for less than my 2 bed flat in Greater London |
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By (user no longer on site)
over a year ago
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"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
£40k in shares of GSK and £40k in shares of Lockheed Martin |
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"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
Half in a stocks and shears ISA 20k ASAP 20k after April 5th
The other half find a independent financial adviser and get the to tell you.
Do you have a pension.
I'm doing the same sort of thing PM if you want it gets completed are you PAYE or have you got your own limited company. |
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"Just for a reference on real estate it fluxes accordingly. We bought a house 4 years ago for 70k. The market went up drastically. Sold it for 190 k. Even if we didn't sell we still had income for the rental prior to the sale. "
So did you pay 60k In capital gains tax. |
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"I can't stress enough the importance of taking advice from a registered professional over and above people you done know on the net.
Totally appreciate that I have spoken to one but didn’t feel confident at all so I’m looking for some inspiration
What makes you lack confidence in the professional?
No set percentage per year and they want to take a 3% cut off the profits…"
That's normal and makes them work they get 3% of profits no profit no income so they work harder with you money to make them and you as much as possible. |
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By *litterbabeWoman
over a year ago
hiding from cock pics. |
I would put 20000 in an ISA this year (probably with vanguard asset management) and then as the ISA allowance renews April, I would put another 20 grand in then. All proceeds received from there are completely tax free.
The other 40000 I probably would buy premium bonds with, I know it's a low interest rate, but lots of people do win prizes every couple of months and you stand a chance of winning a million.
Also if you want to withdraw your money you can get it within a week.
I'm not a financial advisor this is just what I would do with it! |
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"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
I have rentals put in the bank they can be hard work for little returns.
Law/Tax changes all the time pushing up costs so pushing up rent's the Gov has a definite plan to push out private landlord business and create Big business opportunities in this sector just like shops. |
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By *iguyyy OP Man
over a year ago
whitstable |
"Stick £50k in premium bonds while you're thinking about it as there's no risk and you can get a steady flow of small tax free wins plus the possibility of larger wins. You can draw it out again if you find a better investment but my gains in the last 12 months have been just over 7% tax free.
I was going to suggest premium bonds too. Depends how much of a risk taker people are I guess. "
My premium bonds are already maxed out… I win between £100/£200 a month but that’s still below the 4% I could get at the bank but the chance of winning bigger lures me in haha |
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By *iguyyy OP Man
over a year ago
whitstable |
"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…
£40k in shares of GSK and £40k in shares of Lockheed Martin "
Why would you chose those in particular? |
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By (user no longer on site)
over a year ago
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"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…
£40k in shares of GSK and £40k in shares of Lockheed Martin
Why would you chose those in particular?"
GSK already give great dividends, large pharmaceutical is always going to be up there. Lockheed Martin are the largest arms supplier in the world and very much think we are heading for another war so pretty much every country will start ramping up their military spending. |
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By (user no longer on site)
over a year ago
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"I can't stress enough the importance of taking advice from a registered professional over and above people you done know on the net.
Totally appreciate that I have spoken to one but didn’t feel confident at all so I’m looking for some inspiration
What makes you lack confidence in the professional?
No set percentage per year and they want to take a 3% cut off the profits…
That's normal and makes them work they get 3% of profits no profit no income so they work harder with you money to make them and you as much as possible."
sounds off imo. 3pc of profit feels very low. Hedge funds typically take 2pc of investment plus 20pc of profit for context. Noone can guarantee year on year profit... Even when inventised. |
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By *oodmessMan
over a year ago
yumsville |
"I can't stress enough the importance of taking advice from a registered professional over and above people you done know on the net.
Totally appreciate that I have spoken to one but didn’t feel confident at all so I’m looking for some inspiration
What makes you lack confidence in the professional?
No set percentage per year and they want to take a 3% cut off the profits…
That's normal and makes them work they get 3% of profits no profit no income so they work harder with you money to make them and you as much as possible.sounds off imo. 3pc of profit feels very low. Hedge funds typically take 2pc of investment plus 20pc of profit for context. Noone can guarantee year on year profit... Even when inventised. "
Have to ask - where do you get 20% from? Are you talking the like of MS, JPM, GS? SPY & VUSA are two of the largest funds following the s&p and have ongoing costs of 0.09% and 0.07%, B3X1NT0 (I think it is) has 0.3% (£3 for £1000 invested), VWRL is 0.22. Actively managed can go upward of 1.5% maybe 2% but there's a good number around 0.5 - 0.9% and even those are considered expensive.
I agree there's no guarantees of returns, or that the larger the % the harder they work. |
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By (user no longer on site)
over a year ago
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"I can't stress enough the importance of taking advice from a registered professional over and above people you done know on the net.
Totally appreciate that I have spoken to one but didn’t feel confident at all so I’m looking for some inspiration
What makes you lack confidence in the professional?
No set percentage per year and they want to take a 3% cut off the profits…
That's normal and makes them work they get 3% of profits no profit no income so they work harder with you money to make them and you as much as possible.sounds off imo. 3pc of profit feels very low. Hedge funds typically take 2pc of investment plus 20pc of profit for context. Noone can guarantee year on year profit... Even when inventised.
Have to ask - where do you get 20% from? Are you talking the like of MS, JPM, GS? SPY & VUSA are two of the largest funds following the s&p and have ongoing costs of 0.09% and 0.07%, B3X1NT0 (I think it is) has 0.3% (£3 for £1000 invested), VWRL is 0.22. Actively managed can go upward of 1.5% maybe 2% but there's a good number around 0.5 - 0.9% and even those are considered expensive.
I agree there's no guarantees of returns, or that the larger the % the harder they work. "
that's not percentage of profit tho but pc of fund value.
The OP said
"No set percentage per year and they want to take a 3% cut off the profits…"
Your example is spot on normal for a fund. It's a set percentage every year.
What the OP had been told is not the same sonsets alarm bells off for me. |
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By *oodmessMan
over a year ago
yumsville |
"I can't stress enough the importance of taking advice from a registered professional over and above people you done know on the net.
Totally appreciate that I have spoken to one but didn’t feel confident at all so I’m looking for some inspiration
What makes you lack confidence in the professional?
No set percentage per year and they want to take a 3% cut off the profits…
That's normal and makes them work they get 3% of profits no profit no income so they work harder with you money to make them and you as much as possible.sounds off imo. 3pc of profit feels very low. Hedge funds typically take 2pc of investment plus 20pc of profit for context. Noone can guarantee year on year profit... Even when inventised.
Have to ask - where do you get 20% from? Are you talking the like of MS, JPM, GS? SPY & VUSA are two of the largest funds following the s&p and have ongoing costs of 0.09% and 0.07%, B3X1NT0 (I think it is) has 0.3% (£3 for £1000 invested), VWRL is 0.22. Actively managed can go upward of 1.5% maybe 2% but there's a good number around 0.5 - 0.9% and even those are considered expensive.
I agree there's no guarantees of returns, or that the larger the % the harder they work. that's not percentage of profit tho but pc of fund value.
The OP said
"No set percentage per year and they want to take a 3% cut off the profits…"
Your example is spot on normal for a fund. It's a set percentage every year.
What the OP had been told is not the same sonsets alarm bells off for me. "
Ahh, so if the whole amount was handed over to be managed..? |
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By (user no longer on site)
over a year ago
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"I can't stress enough the importance of taking advice from a registered professional over and above people you done know on the net.
Totally appreciate that I have spoken to one but didn’t feel confident at all so I’m looking for some inspiration
What makes you lack confidence in the professional?
No set percentage per year and they want to take a 3% cut off the profits…
That's normal and makes them work they get 3% of profits no profit no income so they work harder with you money to make them and you as much as possible.sounds off imo. 3pc of profit feels very low. Hedge funds typically take 2pc of investment plus 20pc of profit for context. Noone can guarantee year on year profit... Even when inventised.
Have to ask - where do you get 20% from? Are you talking the like of MS, JPM, GS? SPY & VUSA are two of the largest funds following the s&p and have ongoing costs of 0.09% and 0.07%, B3X1NT0 (I think it is) has 0.3% (£3 for £1000 invested), VWRL is 0.22. Actively managed can go upward of 1.5% maybe 2% but there's a good number around 0.5 - 0.9% and even those are considered expensive.
I agree there's no guarantees of returns, or that the larger the % the harder they work. that's not percentage of profit tho but pc of fund value.
The OP said
"No set percentage per year and they want to take a 3% cut off the profits…"
Your example is spot on normal for a fund. It's a set percentage every year.
What the OP had been told is not the same sonsets alarm bells off for me.
Ahh, so if the whole amount was handed over to be managed..?"
I don't follow. They would be handing over the while amount. But this person says they will only take a (very) small percentage of the carry/profits. Theyd make a few hundred bucks at most on very good years, and nothing in poor years. Really ? Smells dodgy AF. |
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By *litterbabeWoman
over a year ago
hiding from cock pics. |
"Gold sovereigns.. Still legal tender so no taxes when the gold price goes up, and always easy to sell. "
That is really interesting. I presume though they would cost more than the weight of scrap gold, so maybe scrap gold would be a better investment apart from, I guess, the tax implication mentioned above |
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By (user no longer on site)
over a year ago
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This thread is utterly scary.
Seek independent advice. The first exploratory meeting is (should be!) free, speak to at least 3.
You will have to pay (fixed or percentage). They are qualified professionals.
DIY investing can go horribly wrong unless you know what you are doing.
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"You can get a BTL house for about 50-60k in some towns with a 9% ROI
Good luck finding one of those that doesn't need the same again spending on it!
There’s plenty around if you know where to look, i know of at least 5 places in the north east for under 70k in good nick that are up for sale as investments with long term tenants"
You know Warrington amd Widnes aren't in the North East right? |
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As everyone said seek professional advice. Also keep in mind how liquid you want the cash to be ie how easily it is to get the physical money back if you need it, especially if invested in an asset like a property, where it can take several months to sell before you have the capital again. |
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By (user no longer on site)
over a year ago
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"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
Casks of whisky are a good investment
Mrs |
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By (user no longer on site)
over a year ago
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Option 1:
Deposit it in a bank in Ukraine for 25% interest. 
Option 2:
Buy a property by leveraging 10yr Egyptian Bonds at 21% yield with a 5yr Fixed mortgage rate of about 4% here.
I would advise that you do not take my advice. |
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By *iguyyy OP Man
over a year ago
whitstable |
"Option 1:
Deposit it in a bank in Ukraine for 25% interest.
Option 2:
Buy a property by leveraging 10yr Egyptian Bonds at 21% yield with a 5yr Fixed mortgage rate of about 4% here.
I would advise that you do not take my advice. "
Haha I’ll take your advice;) |
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It's a difficult one and not something to be taken lightly. Trouble is £80,000 isn't going to get you much of a property around the south of England and I don't think anything at the moment will get you a quick return. Long term id say gold as that will always increase in value and would certainly give you a decent profit over time.... |
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By *litterbabeWoman
over a year ago
hiding from cock pics. |
"I checked out flats etc they are like £160,000/£200,000 here
Doesn’t have to be near you. Parts of the north east you can get a three bed terrace for £80k"
If you buy property that's not close to you though, isn't it very hard to get any work done or quotes or anything. You would need a guest quite a full-on management agency to take care of absolutely everything unless you were going to pop up there frequently |
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By *litterbabeWoman
over a year ago
hiding from cock pics. |
"It's a difficult one and not something to be taken lightly. Trouble is £80,000 isn't going to get you much of a property around the south of England and I don't think anything at the moment will get you a quick return. Long term id say gold as that will always increase in value and would certainly give you a decent profit over time...."
Where would you buy that kind of gold from? You want it really without having to pay fashioning charges for it to have been made into jewellery so do you buy a gold bar or something? |
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"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
I'm making a average % profit per day of 35% at the moment doing trading of football matches on Betfair.
I have made anything up to 500% in one day. Sports trading life on the YT has loads of examples of how to do it, but a bit of knowledge on the sport and the league or cup etc helps make some decisions. As does in play love stats. |
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By *iguyyy OP Man
over a year ago
whitstable |
"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…
I'm making a average % profit per day of 35% at the moment doing trading of football matches on Betfair.
I love football but it is just betting isn’t it…
I have made anything up to 500% in one day. Sports trading life on the YT has loads of examples of how to do it, but a bit of knowledge on the sport and the league or cup etc helps make some decisions. As does in play love stats. "
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"It's a difficult one and not something to be taken lightly. Trouble is £80,000 isn't going to get you much of a property around the south of England and I don't think anything at the moment will get you a quick return. Long term id say gold as that will always increase in value and would certainly give you a decent profit over time....
Where would you buy that kind of gold from? You want it really without having to pay fashioning charges for it to have been made into jewellery so do you buy a gold bar or something?"
Coins gold coins small and tradable easily.
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By (user no longer on site)
over a year ago
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"I'd import some classic cars tidy them up re sell them make a profit and zero tax on profit, wouldn't invest it in banks housing or anything traceable
That isn’t a bad shout at all… only if I knew what the hell I was doing but I like the idea of keeping it untraceable "
Isn't money always traceable in a bank account? |
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By (user no longer on site)
over a year ago
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The last time I asked about selling gold they only wanted to give me scrap value which was fuck all compared to what they were asking for the same rings and chains in shops.
I thought about renting out but a friend of mine did it and he couldn't find anyone decent to rent the property. Most of them were there for a couple of months and moved on and others destroyed the property. One even turned his house into a cannabis farm.
When he eventually got them out he sold the property and lost money in it. |
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By *xhib12Man
over a year ago
Blyth |
You can get a decent two bed terraced property where I am for 80k. You can rent them out for £500 per month minimum depending on condition.
A local agent will manage it for you for 10% of the rent and they can arrange for any repairs should they be needed.
I bought two of these a few years ago so have had an income of 12k a year less fees & taxes, and the properties have gone up in value by around 5% per year. |
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By (user no longer on site)
over a year ago
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"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
I’d get some wealth management advice from a professional. They do all the hard work for you. |
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"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…
I'm making a average % profit per day of 35% at the moment doing trading of football matches on Betfair.
I love football but it is just betting isn’t it…
I have made anything up to 500% in one day. Sports trading life on the YT has loads of examples of how to do it, but a bit of knowledge on the sport and the league or cup etc helps make some decisions. As does in play love stats. "
It's kinda betting but its an odds game an if you know or can predict how a game will play out there are plenty markets where there is value. For instance, man city being fav to beat say Brentford, but laying the over 2.5 goals. The odds on O2.5 drift out quite a bit in the first 15 mins. |
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By (user no longer on site)
over a year ago
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"Now is not the time to invest in watches or gold. I’d look closer to home. Ie your own mortgage if you have one. "
I was thinking this too. Always good to pay a mortgage off soon as possible. |
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By *iguyyy OP Man
over a year ago
whitstable |
"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…
I'm making a average % profit per day of 35% at the moment doing trading of football matches on Betfair.
I love football but it is just betting isn’t it…
I have made anything up to 500% in one day. Sports trading life on the YT has loads of examples of how to do it, but a bit of knowledge on the sport and the league or cup etc helps make some decisions. As does in play love stats.
It's kinda betting but its an odds game an if you know or can predict how a game will play out there are plenty markets where there is value. For instance, man city being fav to beat say Brentford, but laying the over 2.5 goals. The odds on O2.5 drift out quite a bit in the first 15 mins. "
Very true but the odds aren’t great at all.. pop me a message with some ideas I’ve done a fair bit of betting in my time so be good to see how you do it mate |
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By *iguyyy OP Man
over a year ago
whitstable |
"Now is not the time to invest in watches or gold. I’d look closer to home. Ie your own mortgage if you have one. "
I’ve already cleared the mortgage and maxed my premium bonds just have no idea what I should do with the rest to make as much as possible so I can drop days at work with a bit of luck |
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By *rMonkeyMan
over a year ago
Somewhere |
It all depends on how much risk you want to take. Loads of options out there and some financial advice would be advisable.
As an example though, 20k invested each year for 4 years and then left for another 16 years would yield the below from a stocks and shares ISA assuming consistent returns.
At 5% ~£200k
At 10% ~£450k
At 15% ~£1.1 million
Mine are spread across different risk levels, the most risky has averaged 12% over the last 5 years, 17% over 10 years. The lower risk 4.5% over 5 years, 8.1% over 10 years. |
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By *iguyyy OP Man
over a year ago
whitstable |
"It all depends on how much risk you want to take. Loads of options out there and some financial advice would be advisable.
As an example though, 20k invested each year for 4 years and then left for another 16 years would yield the below from a stocks and shares ISA assuming consistent returns.
At 5% ~£200k
At 10% ~£450k
At 15% ~£1.1 million
Mine are spread across different risk levels, the most risky has averaged 12% over the last 5 years, 17% over 10 years. The lower risk 4.5% over 5 years, 8.1% over 10 years."
That’s awesome, where can I get those returns? |
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By *litterbabeWoman
over a year ago
hiding from cock pics. |
"Now is not the time to invest in watches or gold. I’d look closer to home. Ie your own mortgage if you have one.
I’ve already cleared the mortgage and maxed my premium bonds just have no idea what I should do with the rest to make as much as possible so I can drop days at work with a bit of luck"
If you haven't an ISA I would personally invest the maximum this financial year and then after the 6th of April you can put in the maximum for next year, £20,000 each year then it's just the other half you need to work out what to do with. |
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By (user no longer on site)
over a year ago
|
"I checked out flats etc they are like £160,000/£200,000 here "
You don’t have to buy one in your area, buy where you can afford l, rent it ten years you will have doubled you money, get a letting agent to do all the work for you, might be an idea to sit tight wait for prices to drop even more, property is still king when it comes to investing |
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By *iguyyy OP Man
over a year ago
whitstable |
"I’ll do you a favour OP. Transfer it over to be and I’ll take care of it for you.
This definitely isn’t a scam. "
Haha I’m sure we could make something work be business partners if you have the ideas? |
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By *iguyyy OP Man
over a year ago
whitstable |
"I checked out flats etc they are like £160,000/£200,000 here
You don’t have to buy one in your area, buy where you can afford l, rent it ten years you will have doubled you money, get a letting agent to do all the work for you, might be an idea to sit tight wait for prices to drop even more, property is still king when it comes to investing "
Ok I understand I definitely need to look into this but can’t seem to find much for my money to be honest… |
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By *iguyyy OP Man
over a year ago
whitstable |
"Now is not the time to invest in watches or gold. I’d look closer to home. Ie your own mortgage if you have one.
I’ve already cleared the mortgage and maxed my premium bonds just have no idea what I should do with the rest to make as much as possible so I can drop days at work with a bit of luck
If you haven't an ISA I would personally invest the maximum this financial year and then after the 6th of April you can put in the maximum for next year, £20,000 each year then it's just the other half you need to work out what to do with."
That sounds decent and pretty much the plan I already have an issue for this year though so will wait a couple of weeks to put some more in unless I find something better |
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By *iguyyy OP Man
over a year ago
whitstable |
"Chancellor this week has increased the annual pension contribution allowance to 60k, plus another 20k on 6th April
For a basic rate taxpayer, before any interest or growth your 80k is worth 96k "
Oh really? When will I get my 16k? |
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By (user no longer on site)
over a year ago
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"Chancellor this week has increased the annual pension contribution allowance to 60k, plus another 20k on 6th April
For a basic rate taxpayer, before any interest or growth your 80k is worth 96k
Oh really? When will I get my 16k?"
most pension schemes get it added automatically. You can't access it until 55 (maybe 56) tho. The tax is an incentive to lock it away. |
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By *iderbyMan
over a year ago
derby |
"Premium bonds
Stainless steel rolex sub mariner , brand new uf you can get one, and second hand, buy from a reputable jeweller, have a look at Parkers in Sheffield
I bought a second hand sub in 2009 for 3250, sold it for 5000 in 2014,now going for 9k"
My experience also, wish I bought two or three at the time ! |
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By *iguyyy OP Man
over a year ago
whitstable |
"Premium bonds
Stainless steel rolex sub mariner , brand new uf you can get one, and second hand, buy from a reputable jeweller, have a look at Parkers in Sheffield
I bought a second hand sub in 2009 for 3250, sold it for 5000 in 2014,now going for 9k
My experience also, wish I bought two or three at the time !"
Where can I buy all of them? :D |
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By *iguyyy OP Man
over a year ago
whitstable |
"I checked out flats etc they are like £160,000/£200,000 here
You don’t have to buy one in your area, buy where you can afford l, rent it ten years you will have doubled you money, get a letting agent to do all the work for you, might be an idea to sit tight wait for prices to drop even more, property is still king when it comes to investing "
Any areas you can recommend? |
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Property can be a huge risk, you get a bad tennant and you could easily be much worse off, it's not as simple as just buying a house and renting there's a lot of management and regulations you need to meet. I'm investing in funds within a stocks ISA, tax free and on average will by far beat any bank account interest rates. Last year was bad for markets but averaged over a long period they outperform anything that doesn't require constant management. Picking the right funds for you takes a bit of work and you want a good spread but you obviously want to do some research into selecting funds. |
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"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
buy a house in north west spain or south italy, bring in 150 a night airb&b, after a few years your 80k is back in the bank, do it again, do it a 3rd time retire.
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By *iguyyy OP Man
over a year ago
whitstable |
"Pension account for when you retire "
I get that but I kind of begrudge paying for that now when I can enjoy more things now.. when I’m 60+ will I really be able to do all the things I can now on a holiday for instance |
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"Pension account for when you retire
I get that but I kind of begrudge paying for that now when I can enjoy more things now.. when I’m 60+ will I really be able to do all the things I can now on a holiday for instance "
but you'll need an income when you are 60+ |
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By *iguyyy OP Man
over a year ago
whitstable |
"Pension account for when you retire
I get that but I kind of begrudge paying for that now when I can enjoy more things now.. when I’m 60+ will I really be able to do all the things I can now on a holiday for instance but you'll need an income when you are 60+"
Sure, I pay a pension but I wouldn’t want to pay extra. Years after 60 are limited. |
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By (user no longer on site)
over a year ago
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"I can't stress enough the importance of taking advice from a registered professional over and above people you done know on the net.
Totally appreciate that I have spoken to one but didn’t feel confident at all so I’m looking for some inspiration
What makes you lack confidence in the professional?
No set percentage per year and they want to take a 3% cut off the profits…"
Well they don't do it for free, financial advisors need to earn a living.
If you put it in places that you don't know what you're doing you may well loose money |
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By *iguyyy OP Man
over a year ago
whitstable |
"I can't stress enough the importance of taking advice from a registered professional over and above people you done know on the net.
Totally appreciate that I have spoken to one but didn’t feel confident at all so I’m looking for some inspiration
What makes you lack confidence in the professional?
No set percentage per year and they want to take a 3% cut off the profits…
Well they don't do it for free, financial advisors need to earn a living.
If you put it in places that you don't know what you're doing you may well loose money"
Absolutely but it’s a very fishy guide, 3% off my profit? Say I made £5000 in the year they will only take like £150? They wo t pay them much of a living per year unless they work with 100’s of millions which I don’t imagine they do |
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By (user no longer on site)
over a year ago
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"I can't stress enough the importance of taking advice from a registered professional over and above people you done know on the net.
Totally appreciate that I have spoken to one but didn’t feel confident at all so I’m looking for some inspiration
What makes you lack confidence in the professional?
No set percentage per year and they want to take a 3% cut off the profits…
Well they don't do it for free, financial advisors need to earn a living.
If you put it in places that you don't know what you're doing you may well loose money
Absolutely but it’s a very fishy guide, 3% off my profit? Say I made £5000 in the year they will only take like £150? They wont pay them much of a living per year unless they work with 100’s of millions which I don’t imagine they do"
They earn a wage and commission, your 80 bags is quite a small amount |
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By *iguyyy OP Man
over a year ago
whitstable |
"I can't stress enough the importance of taking advice from a registered professional over and above people you done know on the net.
Totally appreciate that I have spoken to one but didn’t feel confident at all so I’m looking for some inspiration
What makes you lack confidence in the professional?
No set percentage per year and they want to take a 3% cut off the profits…
Well they don't do it for free, financial advisors need to earn a living.
If you put it in places that you don't know what you're doing you may well loose money
Absolutely but it’s a very fishy guide, 3% off my profit? Say I made £5000 in the year they will only take like £150? They wont pay them much of a living per year unless they work with 100’s of millions which I don’t imagine they do
They earn a wage and commission, your 80 bags is quite a small amount "
Sorry big boy |
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"Pension account for when you retire
I get that but I kind of begrudge paying for that now when I can enjoy more things now.. when I’m 60+ will I really be able to do all the things I can now on a holiday for instance "
Don't begrudge it, best to start as early as you can. Small regular pension contributions now will mean you will be able to retire and still have holidays. I started late which means I'll be working longer. You'll thank me when you get there although I'll be dead by then. |
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"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…"
What I’d do with it is…not take financial advise from Fab! (No offence, fellow forumites)
I recommend making an appointment with an independent financial adviser and have a detailed chat about your entire financial circumstances. Only by taking into account your personal situation with regard to other outgoings/incomes/debts/assets/remaining years before retirement etc will you be able to decide exactly what is right for you.
While you may have to pay the IFA for their expertise, it’s well worth it. A couple of years ago I did this; his services cost me a total of £500 but it netted me a £200/month reduction on my mortgage alone, so it’s been worth every penny. |
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By *oodmessMan
over a year ago
yumsville |
"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…
What I’d do with it is…not take financial advise from Fab! (No offence, fellow forumites)
I recommend making an appointment with an independent financial adviser and have a detailed chat about your entire financial circumstances. Only by taking into account your personal situation with regard to other outgoings/incomes/debts/assets/remaining years before retirement etc will you be able to decide exactly what is right for you.
While you may have to pay the IFA for their expertise, it’s well worth it. A couple of years ago I did this; his services cost me a total of £500 but it netted me a £200/month reduction on my mortgage alone, so it’s been worth every penny."
This has always confuses me as the advice you receive from one 'specialist' would be completely different to another 'specialist' you may actually need.
Independent Financial Advisor, Non Independent Financial Advisors, Financial Advisor, Financial Planner, Wealth Manager/Asset Managers, Pension Planners.
Qualifications range from Diploma up to Chartered within finance, so unless you understand or they disclose, they could be advising having few to little qualifications, just qualified or with vast knowledge.
Advisors exist in realms that are taken as red when other more certified or appropriate services could be sought, though finding which is suitable or which you feel comfortable with means paying each time you see them. |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"If you had £80,000 where would you put it to return steady interest? I’ve looked at lots of bank accounts/savers the best I can seem to find on a bigger sum is about 4%…
What I’d do with it is…not take financial advise from Fab! (No offence, fellow forumites)
I recommend making an appointment with an independent financial adviser and have a detailed chat about your entire financial circumstances. Only by taking into account your personal situation with regard to other outgoings/incomes/debts/assets/remaining years before retirement etc will you be able to decide exactly what is right for you.
While you may have to pay the IFA for their expertise, it’s well worth it. A couple of years ago I did this; his services cost me a total of £500 but it netted me a £200/month reduction on my mortgage alone, so it’s been worth every penny.
This has always confuses me as the advice you receive from one 'specialist' would be completely different to another 'specialist' you may actually need.
Independent Financial Advisor, Non Independent Financial Advisors, Financial Advisor, Financial Planner, Wealth Manager/Asset Managers, Pension Planners.
Qualifications range from Diploma up to Chartered within finance, so unless you understand or they disclose, they could be advising having few to little qualifications, just qualified or with vast knowledge.
Advisors exist in realms that are taken as red when other more certified or appropriate services could be sought, though finding which is suitable or which you feel comfortable with means paying each time you see them. "
Exactly. The only advice I pay for is tax advice.if you need advice from an IFA, you probably should outsource all your financials to a friend or family member you trust.
What is steady interest? What’s the purpose of the £80K investment and for how long ?
If you can’t answer these , if you dint know what you’re doing or why , just give it away.
£80K is within protected limits, right now I’d take the 4.9% instant access while looking for a coupon / bond in retail or tech for 2-3 years to give 10% but I’d do it outside the UK, probably USD or Euro. Or I might put half into micro loans
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