Huffton Posted 19 April, 2012 Share Posted 19 April, 2012 Any financial advisors on here? Ive inherited a little bit of money, some of which I would like to invest and put it to work. All the savings accounts and isa's seem to have **** poor interest rates and I would like a bigger faster return so I was thinking along the lines of using a stockbroker to trade some of it. Good idea or not? anything better out there? Link to comment Share on other sites More sharing options...
Jonnyboy Posted 19 April, 2012 Share Posted 19 April, 2012 Check the "shares" thread for exciting risks. Either put the cash into HMV or oil, your choice. Link to comment Share on other sites More sharing options...
Tractor_Saint Posted 19 April, 2012 Share Posted 19 April, 2012 Faster return - not there unless you can lose it all - high risk. However, Ben Silk, Rouse Ltd on Isle of Wight I use as my IFA. Worth a chat. http://www.rouseifa.co.uk Suggest you go for mid-term investment (depending on how much you have to invest and how quickly you'd need the money in a emergency). China, South America... good options at the mo. Link to comment Share on other sites More sharing options...
Frank's cousin Posted 19 April, 2012 Share Posted 19 April, 2012 Stick it all on Red:smug: Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 19 April, 2012 Share Posted 19 April, 2012 Nor risk, no gain. Or loss. Link to comment Share on other sites More sharing options...
Doctoroncall Posted 19 April, 2012 Share Posted 19 April, 2012 Depends on you risk profile and what other investments you have. There are some decent capital guarantee bonds out there for 4yrs or select a decent investment management company (e.g. jupiter) to help with the potential growth. Otherwise you may want to dabble yourself if willing to do a bit of research. Link to comment Share on other sites More sharing options...
Jonnyboy Posted 19 April, 2012 Share Posted 19 April, 2012 You've got til 30th April to buy up 1st class stamps before they increase 30% in value. Link to comment Share on other sites More sharing options...
W9Saint Posted 19 April, 2012 Share Posted 19 April, 2012 have you thought about investing in property, contrary to what is reported you can get some great buy-let mortgages and get some pretty healthy returns. Link to comment Share on other sites More sharing options...
djharvey Posted 19 April, 2012 Share Posted 19 April, 2012 Any financial advisors on here? Ive inherited a little bit of money, some of which I would like to invest and put it to work. All the savings accounts and isa's seem to have **** poor interest rates and I would like a bigger faster return so I was thinking along the lines of using a stockbroker to trade some of it. Good idea or not? anything better out there? If you have a mortgage then pay off a large chunk and treat yourself a little with the rest. Prob a good idea to also leave several grand for an ISA. Link to comment Share on other sites More sharing options...
dune Posted 19 April, 2012 Share Posted 19 April, 2012 (edited) Spain is on a knife edge at the minute. Stock markets are too high IMO relative to this looming storm. Your best bet IMO is wealth preservation. Bide your time and when the markets nose dive again buy quality through a shares ISA. If you buy now you could quite easily lose a lot of money. If you do want to take a risk corporate bonds are less risky than equities. Edited 19 April, 2012 by dune Link to comment Share on other sites More sharing options...
St Chalet Posted 19 April, 2012 Share Posted 19 April, 2012 Don't buy Pompey, not a great investment. HTH Link to comment Share on other sites More sharing options...
hamster Posted 19 April, 2012 Share Posted 19 April, 2012 have you thought about investing in property, contrary to what is reported you can get some great buy-let mortgages and get some pretty healthy returns. This is the best advice. We did this last December and are now having the time of our lives. Retune can be that quick. Quick simple sum for people. I have said this before and inwill say it again. I am nonexpert but I know what I'm talking about. Invest £40,000 today. In one months 2 months time receive a cheque for £400. In two years time (max) sell and receive an additional 10% profit. Don't overstretch yourself and don't be greedy, you don't want to struggle. You could of course just keep taking the rent, eventually you will the gaff to your kids or a cat charity. Try to buy something that you'd like to live in yourself. V important Link to comment Share on other sites More sharing options...
Huffton Posted 20 April, 2012 Author Share Posted 20 April, 2012 Thanks for all the advices. .Don't buy Pompey, not a great investment. HTH Shame, I was so looking forward to painting the farton end red and white.... Link to comment Share on other sites More sharing options...
latter day saint Posted 20 April, 2012 Share Posted 20 April, 2012 don't do what i did & go on a bender for a year & blow the lot. had some great times, just wish i hadn't spent everything & could remember a bit more ! Link to comment Share on other sites More sharing options...
saintfully Posted 20 April, 2012 Share Posted 20 April, 2012 This is the best advice. We did this last December and are now having the time of our lives. Retune can be that quick. Quick simple sum for people. I have said this before and inwill say it again. I am nonexpert but I know what I'm talking about. Invest £40,000 today. In one months 2 months time receive a cheque for £400. In two years time (max) sell and receive an additional 10% profit. Don't overstretch yourself and don't be greedy, you don't want to struggle. You could of course just keep taking the rent, eventually you will the gaff to your kids or a cat charity. Try to buy something that you'd like to live in yourself. V important Doesn't exactly make the world, (or just the UK for that matter), a better place though does it! Link to comment Share on other sites More sharing options...
Stepgar Posted 20 April, 2012 Share Posted 20 April, 2012 (edited) Property should form part of a portfolio but you should spread your risk to reduce volatility. The main problem with property is that it is very inflexible and you could struggle to realise the cash in it if you have to sell it. Also charges are very high on property. Most people tend to ignore this. But you stamp duty, legal fees, management fess and maintenance costs. But it's physical and you can touch it. The value will rise and fall just like any other investment, and you can offset some costs to income tax. If you're serious about INVESTING rather than saving it does all depend on how much you have. Firstly get rid of any unsecured debt that you have eg. Credit cards personal loans HP that type of thing. Then you should consider your own mortgage if you have one. Reducing it is a very good idea if you don't want to use all of your capital. You then need to consider what you are looking for - growth or income, or even the opportunity to switch between the two should your circumstances change. Do you need income? Then there are charges - initial set up fees can range from nothing to 5pc in some cases. Then on top of that you will have annual managemant charges. Some investments also carry transaction charges. Quite deep I know but you need to be aware of it. There are funds and portfolios that will easily out perform cash and inflation but all will carry a degree of risk to capital. Funds and portfolios tend to be more flexible so you can take the money out if required, investment bonds have no charges on outset but will have penalties to come away early, usually within the first five years. There are capital protected accounts that range from three to five years which in reality says that you will get back what you put in with a hope of a greater return. Don't use money for longer term strategies if you believe that you will want to access it within the first three to five years. If this is the case then the are plenty of cash deposit at fixed rates that your can opt for. Hope this helps and does not confuse you too much. Edited 20 April, 2012 by Stepgar Link to comment Share on other sites More sharing options...
Saints Ward Posted 20 April, 2012 Share Posted 20 April, 2012 You could invest some of it buying some beers for your mates........... I'll have a pint of peroni and Mark's will be a landlord. Cheers! Link to comment Share on other sites More sharing options...
Huffton Posted 20 April, 2012 Author Share Posted 20 April, 2012 Read the first post Phil, i want a return on it... Link to comment Share on other sites More sharing options...
Frank's cousin Posted 20 April, 2012 Share Posted 20 April, 2012 Read the first post Phil, i want a return on it... That's why I suggested stick it all on red... high risk but 100% return in 24 hours, show me any other plan that will give you that returen Link to comment Share on other sites More sharing options...
Lambert1979 Posted 20 April, 2012 Share Posted 20 April, 2012 I'm a financial advisor Link to comment Share on other sites More sharing options...
Frank's cousin Posted 20 April, 2012 Share Posted 20 April, 2012 That's why I suggested stick it all on red... high risk but 100% return in 24 hours' date=' show me any other plan that will give you that returen [/quote'] Just dont tell the mrs .... seriously, do not gamble it away... as if you would but seek an IFA regulated by the FSA - all sorts of things you can do, and they should be able to point you in the right direction. Link to comment Share on other sites More sharing options...
dune Posted 21 April, 2012 Share Posted 21 April, 2012 If you are in a company pension scheme they may offer various AVC options. You can invest any amount through your companies pay roll and you'll receive 20% back from the tax man. Upon retirement you can currently take 25% of your lifetime allowance (pension + avc contributions) as a tax free lump sum. This would be a prudent move and one that you will benefit from when you retire. Link to comment Share on other sites More sharing options...
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