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  1. #911

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    It seems silly as £10k is less than my monthly turnover but, as it was a gift from my Nan's estate that I wasn't expecting, I feel I ought to do something with it. Chucked the cheque into Metro Bank for now as it has a whopping 0.2% interest rate and is the least accessible to me.

  2. #912

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    Quote Originally Posted by ladymuck View Post
    It seems silly as £10k is less than my monthly turnover but, as it was a gift from my Nan's estate that I wasn't expecting, I feel I ought to do something with it. Chucked the cheque into Metro Bank for now as it has a whopping 0.2% interest rate and is the least accessible to me.
    If it's money you don't need for the foreseeable, now is a great time to put it into the market looking at the medium to long term. Just not the UK market, I feel.
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  3. #913

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    Quote Originally Posted by ladymuck View Post
    It seems silly as £10k is less than my monthly turnover but, as it was a gift from my Nan's estate that I wasn't expecting, I feel I ought to do something with it. Chucked the cheque into Metro Bank for now as it has a whopping 0.2% interest rate and is the least accessible to me.
    Might I suggest an ultra-low cost World index tracker (excl UK). I think that Vanguard are one of the lowest, but there may be others.

    Sorry, no specific recommendations.
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  4. #914

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    Quote Originally Posted by wattaj View Post
    Yes, but no, but...

    Yes, there is a chance of a significant win via Premium Bonds, but the average return is really very poor. I had the maximum, at the time, of £30,000 in PI and won roughly £25 per month.

    It's safe though, and it give you the chance to move the money into something with a higher rate of return when the time is right.
    For me Premium Bonds is a safe place for cash after maxing out ISA's. I have the max in ERNIE and tend to get a steady win each month, but as you say the returns aren't great although I have hit a few £500's over the past couple of years. But personally I'd put into ISA first, then Premium Bonds as a second and safe place.
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  5. #915

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    Quote Originally Posted by wattaj View Post
    Might I suggest an ultra-low cost World index tracker (excl UK). I think that Vanguard are one of the lowest, but there may be others.

    Sorry, no specific recommendations.
    That's going to depend largely on which retail investment platform you hold the Vanguard investment. And whether it's an ETF or a fund (OEIC) since on several common platforms, that makes a big difference too. Homework is required here,
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  6. #916

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    Quote Originally Posted by Whorty View Post
    For me Premium Bonds is a safe place for cash after maxing out ISA's. I have the max in ERNIE and tend to get a steady win each month, but as you say the returns aren't great although I have hit a few £500's over the past couple of years. But personally I'd put into ISA first, then Premium Bonds as a second and safe place.
    Ah, this is the grown up shares thread.

    Yes, myself and the misses do exactly the same.

  7. #917

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    If Amazon, Facebook, Google etc get broken up.

    Do you think this is a good thing for Shareholders?

  8. #918

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    Duplicated post this but our resident expert in the other forum is in need of his strait jacket and medication. So...

    Anyone in on Amigo Loans? (AMGO)

  9. #919

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    only gricer and assorted sockies
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  10. #920

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    Quote Originally Posted by ladymuck View Post
    It seems silly as £10k is less than my monthly turnover but, as it was a gift from my Nan's estate that I wasn't expecting, I feel I ought to do something with it. Chucked the cheque into Metro Bank for now as it has a whopping 0.2% interest rate and is the least accessible to me.
    Lets pretend its fantasy money..

    So, if I was less risk adverse than I am, I would put 10k into a Stocks and Shares ISA with this breakdown..

    4K MNKS
    2K EWI
    2K JMG
    2K Cash....buy on dips

    JMG could be swapped for FGT for UK FTSE exposure, but right now emerging markets are looking strong.

    Anyway, just my own thoughts..DYOR

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