I have £5000 to invest, I'm thinking of National Savings. What would you recomend> Thanks.?
Answers:
Premium bonds are ace!
It's so exciting when you win, on average you gain as much as you do from most other investments and there's always the chance that you'll win a million quid.
And it's all risk free!
ING
Easy access - High Interest
get a share in one of the big companies Like British Gas
Start up a Chick-fil-a chain. its only 5000 start up and the company gives you everything you need to make it successful. The downside is you have to get on a waiting list.
premium bonds are more fun
Roulette
Log onto www.moneysavingexpert.com It is run by Martin Lewis off the TV. It is free and impartial advice. It is also good for dozens of other ways of saving an making money.
Premium Bonds
Buy something, that is in great demand, at a discount then sell that thing for a profit. Then take the proceeds and do it again. The best investment is a business. Find something to sell. There is an amount of risk but anything that you put your money into will have risk.
property (maybe a weny house)
bonds (not james)
Don,t gamble, put it in a high interest account at a building society, check on the best at the moment, they fluctuate.
Don't listen to Nookie Bear.( Alan Sugar ) Stick your money under your mattress and leave it there . Don't tell anyone mind.. If you need it its there .. its the safest place to keep it - and it is instantly accessible, and no one will want to charge you money for them keeping it. The Banks & Building Societies will only stick you in to the Tax man /DSS etc.or . You could try Cadbury shares !
i will advise you to invest part of it in shares in a good company,a profitable organisation and still invest the remaining in national savings.
Speak to a reghulated financial advisor
You don't give any info about your circumstances, to base advice on. National Savings or Building Society :- safe, but will not return much above inflation. Prem. Bonds :- very lucky to get a big prize. Stock/shares market :- risk involved, but possible good returns. If you are going to leave it invested for at least 5 years, I would go for a Unit Trust with a well known company, such as Fidelity UK Growth. U/T's are share investments, but spread amoung many companies, so there is less risk.
try bhp or national bank
It depends on so many factors:
How long do you want to invest for?
Do you want to be able to get at the money in an emergency?
Are you willing to risk ending up with less than £5000 to have a chance of earning more?
Do you pay income tax?
If you want to invest for more than 5 years and are willing to take a bit of a risk, your best bet is probably to buy into something like a Unit Trust, which will have the same effect as investing in the stock market. This nearly always gives more return in the longer run than savings instruments, but as I say you could lose some of your capital - and the whole business of buying shares and trusts is a bit of a quagmire for the inexperienced. The best bet would be to invest through an ISA so that you don't pay any tax on the profits you make - your bank can help you.
National Savings are very safe - which means the rates are a little unexciting. The benefit of a lot of their investments is that they're tax free, so the higher the tax rate you pay, the better the deal. Note also that in some of them you wouldn't be able to get at your money without penalty.
If you aren't going to buy shares and you don't already have one, you should definitely put £3,000 (the maximum for one year) into a Cash ISA - just the same as a deposit account, but you don't pay tax on the interest.
Beyond that, I'd find a good high-interest, instant-access account for the rest. Deals change all the time but sites like MoneySavingExpert will put you in touch with the best ones, as well as giving you more detailed advice than I can here.
I suggest TD Waterhouse.
New Star Investment Funds have recently launched their Tri-Star Unit Trust, which invests in shares, bonds and property with the aim of producing a solid dividend ''yield'' of around 4 percent combined with capital growth. You can opt to have the income paid out or reinvested to buy more units. Write to New Star at Po Box 9023, Chelmsford, CM99 2WB, or tel 0845 608 8704 and they will send you full information and application forms. I have put my money where my mouth is, having just invested £12 000 in this fund.
Alternatively, you might consider shares in blue chip companies such as Royal Bank of Scotland, Lloyds TSB, or United Utilities. Current yields (dividends) of up to around 6%, but you need to consider this against increase in capital value, as the yield tends to reduce when capital values rise and vice versa. It's all a bit of a balancing act. All in all, particularly if you are a ''first-timer'', I would go for the unit trust. Hope this helps a bit.
National savings are fine because no tax deductions.
Forget national saving. The aim of the game is to make money. You need a great return. Invest in the stock market. This is the way forward with the amount you have. Make that money work. Over and Out.
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