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Money to Invest
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From what I know markets have been on a tear and are pretty toppy right now.. Sell in May and go away is usually applied, though the way they've been reacting anything could happen as opinions have shifted endless - seemingly all around rate cuts and how many.
The Fed is supped to cut in Sept. ECB in Jun, BOE is 50/50 for Jun.
Whether the rallies will extend throughout the year as goods become cheaper and lending becomes more reasonable is anyone's guess, as it could be priced in or not depending.
Timing is everything though, from what I've seen markets usually dip back significantly September - late Oct (something about the ability to write of tax losses). Hitting highs after NY with all the spending - dipping again late Jan sometimes into Mar.
Best thing is to get a watch list of diversified funds, spdr, invesco, vanguard and when a price point comes low enough edge in.
(Distant opinion only - not advice). |
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Premium Bonds. You can't really go wrong if you have got a substatial amount in there and keep buying more with your winnings.
I've not yet heard them say that they've lost anyone's money.
However, it was a bit sneaky halving the minimum payout. Haven't forgiven them for that.
If they'd kept it at £50 I would be really happy with my returns by now but as things are I'm still not complaining. |
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As others have said talk to a financial advisor before doing anything. Depending on the amount premium bonds work well and if you have pension fund you can add money to that and the government tops it up by 20%. That's a couple of simple things you can do. |
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"Vanguard - look at their ISA offerings and make a choice.
Can place your money in and let it grow. "
Look at vanguard and don’t try to time the market, even professionals who try to time the market usually fail. Over a long enough period most actively managed funds fail to beat the index. Even Warren Buffet has said for most people, the best thing to do is own the S&P 500 index.
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All depends on what sort of amount you are talking about. For some people a windfall of a few thousand can be life changing, other people might not even notice anything below half a million.
At the low end, you might be best to at least partially pay off any loans you have, and put the remainder into a balanced selection of ISAs and high interest accounts. At the high end, you should be finding an independent financial advisor (not the guy in your bank, who will just tell you to put it into stuff run by his bank, but someone who is properly independent, who will find what is actually best for you); with some consideration given to clearing your mortgage, putting some into a balance of long term global investments, some into very safe funds that won't give massive returns but will hold their value through any short to medium term market upsets, and some into an easily accessible "emergency" fund. If you want to have a "flutter" maybe take a small part of it and do something really risky, that might pay out big but might crash and burn - but never ever go into debt for anything risky, assume that you'll lose this bit but might get a bit of enjoyment out of the process, and if it does happen to make a few quid then that's a bonus.
More than anything, you need to think about what's right for your own circumstances OP. |
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By *lutonic OP Man 32 weeks ago
Leicester |
"Vanguard - look at their ISA offerings and make a choice.
Can place your money in and let it grow.
Look at vanguard and don’t try to time the market, even professionals who try to time the market usually fail. Over a long enough period most actively managed funds fail to beat the index. Even Warren Buffet has said for most people, the best thing to do is own the S&P 500 index.
"
Great Advice |
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By *lutonic OP Man 32 weeks ago
Leicester |
"All depends on what sort of amount you are talking about. For some people a windfall of a few thousand can be life changing, other people might not even notice anything below half a million.
At the low end, you might be best to at least partially pay off any loans you have, and put the remainder into a balanced selection of ISAs and high interest accounts. At the high end, you should be finding an independent financial advisor (not the guy in your bank, who will just tell you to put it into stuff run by his bank, but someone who is properly independent, who will find what is actually best for you); with some consideration given to clearing your mortgage, putting some into a balance of long term global investments, some into very safe funds that won't give massive returns but will hold their value through any short to medium term market upsets, and some into an easily accessible "emergency" fund. If you want to have a "flutter" maybe take a small part of it and do something really risky, that might pay out big but might crash and burn - but never ever go into debt for anything risky, assume that you'll lose this bit but might get a bit of enjoyment out of the process, and if it does happen to make a few quid then that's a bonus.
More than anything, you need to think about what's right for your own circumstances OP. "
Good Advice.. |
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By *elloWoman 32 weeks ago
alpha centauri |
"Any financially minded people in the forum? I have money to invest but not sure where to put it. I want it to work and not sit in the bank! Any suggestions?"
Can't recommend premium bonds enough. I've been very lucky so far this year, and it's fun to imagine being 1 of the 2 monthly million pound winners |
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"Vanguard - look at their ISA offerings and make a choice.
Can place your money in and let it grow.
Does it give a distribution or an income?"
You can set it to either reinvest your profits back into your fund or as income. Personally, I’d set it to reinvest and then top up and let compound interest work its magic. |
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Gold absolutely, but the premium on silver is astronomical, the only way I made a return on my silver was through buying silver maples with milk stains in 16-18 a 1oz stained coin could be had for £14-£16 in a private sale and only just got my moneys worth when a bunch of redditors managed to spike the silver spot price, where I just managed £22 an oz in selling it.
Where as my gold has nearly doubled in value since I started in 2016, but obviously you then need to consider CGT if you're not investing in British coins and most importantly security if you choose to store it personally or factor in the cost of secure vaults. Some bullion dealers do offer deals on secure storage but they won't tell you there's actually no physical gold in it with your name on, it's literally just their own inventory and your purchased a bond and should they close, you ain't got sh*t
But precious metals is the way, there's a reason why countries invest in their gold reserves when stuff goes south |
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Do NOT ever, ever listen to anyone regarding investing. I have invested for decades and have fell in to the trap. Everybody, absolutely everybody, has an agenda. This doesn't apply just here, it applies everywhere. If it was that good a deal then they would not be telling the likes of you and me. |
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"Premium Bonds. You can't really go wrong if you have got a substatial amount in there and keep buying more with your winnings.
I've not yet heard them say that they've lost anyone's money.
However, it was a bit sneaky halving the minimum payout. Haven't forgiven them for that.
If they'd kept it at £50 I would be really happy with my returns by now but as things are I'm still not complaining."
And this is what I mean by NOT taking anyone's advice. EVERYONE loses money on Premium Bonds, everyone. As soon as you put money in, that very day, inflation eats away at the value of your investment. The number remains the same but what you can buy with it decreases daily. |
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There is some general good advice on this thread and some awful advice as well.
Definitely don’t try to tone the market, Invest in things you don’t understand Or put money into premium bonds.
Unless you have clear objectives for your investment and tell us your tax position it is impossible to give you any advice.
You said you want your money to work and I assume you don ‘t want it decrease in value ? If you are not paying supertax currently & have a personal allowance then put it into Monument or Leeds or whoever is offering the best this week for instant 60 , 120 etc.
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"Do NOT ever, ever listen to anyone regarding investing. I have invested for decades and have fell in to the trap. Everybody, absolutely everybody, has an agenda. This doesn't apply just here, it applies everywhere. If it was that good a deal then they would not be telling the likes of you and me."
The problem is, unless you've got £100k nobody's interested unless it's a high st bank. |
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By *lutonic OP Man 32 weeks ago
Leicester |
"Do NOT ever, ever listen to anyone regarding investing. I have invested for decades and have fell in to the trap. Everybody, absolutely everybody, has an agenda. This doesn't apply just here, it applies everywhere. If it was that good a deal then they would not be telling the likes of you and me."
I know what you mean buddy... They are all after something and your interests isn't necessarily taken unconditionally. But if you seek advice and info it could pay dividends.
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By (user no longer on site) 32 weeks ago
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Avoid pump and dumps avoid everything…you’re best investment will always be in brick and mortar in the uk.
Having said that I was using Bitcoin for years on the Silk Road for partying cash in cash out but I also bought into a silly coin who were building a NASCAR for the hell of it at the time and ended up cashing out a couple of years ago and don’t really ever need to work again.
If you’re playing the game never ever ever spend more than your’re happy to piss up the wall. |
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"Premium Bonds. You can't really go wrong if you have got a substatial amount in there and keep buying more with your winnings.
I've not yet heard them say that they've lost anyone's money.
However, it was a bit sneaky halving the minimum payout. Haven't forgiven them for that.
If they'd kept it at £50 I would be really happy with my returns by now but as things are I'm still not complaining.
And this is what I mean by NOT taking anyone's advice. EVERYONE loses money on Premium Bonds, everyone. As soon as you put money in, that very day, inflation eats away at the value of your investment. The number remains the same but what you can buy with it decreases daily."
Not EVERYONE as in the last 12 months I've made 7% tax free plus there's always the chance of a substantial win. It's just one of a spread of investments worth considering. |
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"Premium Bonds. You can't really go wrong if you have got a substatial amount in there and keep buying more with your winnings.
I've not yet heard them say that they've lost anyone's money.
However, it was a bit sneaky halving the minimum payout. Haven't forgiven them for that.
If they'd kept it at £50 I would be really happy with my returns by now but as things are I'm still not complaining.
And this is what I mean by NOT taking anyone's advice. EVERYONE loses money on Premium Bonds, everyone. As soon as you put money in, that very day, inflation eats away at the value of your investment. The number remains the same but what you can buy with it decreases daily.
Not EVERYONE as in the last 12 months I've made 7% tax free plus there's always the chance of a substantial win. It's just one of a spread of investments worth considering. "
Apart from its not an investment……
There will always be a random person or two on the internet who makes a fortune on them just like people who get paid to eat pies or click links BUT. what’s important is the facts …… the returns statistically are far worse than most guaranteed instant access
savings accounts |
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By *lutonic OP Man 31 weeks ago
Leicester |
"Premium Bonds. You can't really go wrong if you have got a substatial amount in there and keep buying more with your winnings.
I've not yet heard them say that they've lost anyone's money.
However, it was a bit sneaky halving the minimum payout. Haven't forgiven them for that.
If they'd kept it at £50 I would be really happy with my returns by now but as things are I'm still not complaining.
And this is what I mean by NOT taking anyone's advice. EVERYONE loses money on Premium Bonds, everyone. As soon as you put money in, that very day, inflation eats away at the value of your investment. The number remains the same but what you can buy with it decreases daily.
Not EVERYONE as in the last 12 months I've made 7% tax free plus there's always the chance of a substantial win. It's just one of a spread of investments worth considering.
Apart from its not an investment……
There will always be a random person or two on the internet who makes a fortune on them just like people who get paid to eat pies or click links BUT. what’s important is the facts …… the returns statistically are far worse than most guaranteed instant access
savings accounts "
Yes was extremely disappointing that with reducing the dividend amount. Has anyone hit the jackpot? |
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By (user no longer on site) 31 weeks ago
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"Any financially minded people in the forum? I have money to invest but not sure where to put it. I want it to work and not sit in the bank! Any suggestions?"
crypto a coin called bonk and leave it for at least one year. Thank me later
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