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20k to burn

the bomb

31 Mar 12 22:29

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Date Joined: 28 Sep 07

| Topic/replies: 75 | Blogger: the bomb's blog

Hi all
Just inherited 20,000pounds and am looking for the best investment options. Want to make it grow enough to build a house with in 10 years time. Any suggestions ???

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Replies: 19

By:

Ibrahima Sonko When: 31 Mar 12 22:38

put it down as a deposit for this house you want to build.

By:

The Leopard When: 31 Mar 12 22:44

Try not to burn it....!

By:

twomatchpoints When: 31 Mar 12 22:47

Have it all on Spurs tomorrow

By:

Jayco When: 31 Mar 12 23:06

Buy gold

By:

the bomb When: 31 Mar 12 23:08

Cant put it as a deposit yet. There is no house. I need to make it grow to about 80k in the next 10 years. Its part of the retirement plan dont you know ?

By:

Ibrahima Sonko When: 31 Mar 12 23:08

you can put down a deposit to a self build

By:

Petraco When: 31 Mar 12 23:12

10k to 80k in 10 years ?

Approximate compound rate required of 26% after tax.

Good luck!

By:

liamcol When: 31 Mar 12 23:31

Check out the footy forum, they laugh at folk who can't make a grand a week from a 100 starting bank.
If they only could teach the Greeks, americans, etc. the world would be fine, just fine.

By:

the bomb When: 01 Apr 12 00:12

Thanks folks Not much hope for me is spose

By:

PatraTheCat When: 01 Apr 12 00:15

Isn't 20k to 80k in ten years about 15% interest?

In my opinion, you'd need to either

1. Get very lucky with an investment, or
2. Invest very actively in something (eg gambling) and do it very well.

By:

abolo When: 01 Apr 12 00:18

Bet the opposite of what Money Tree tips, it will be a good start

By:

doantwin2easy When: 01 Apr 12 00:39

beware of fonzi schemes

By:

doantwin2easy When: 01 Apr 12 00:40

*poncey

By:

the bomb When: 01 Apr 12 00:51

Hmm Best not give up the day job then eh ?

By:

abolo When: 01 Apr 12 01:08

Well yes. 20k is not much nowadays

By:

on time When: 01 Apr 12 01:18

Just been to Uganda invest it there its 20% on ya cash

By:

on time When: 01 Apr 12 01:18

Just been to Uganda invest it there its 20% on ya cash

By:

Mc Moonbeam When: 01 Apr 12 01:36

yep you need high risk to make that kind of return

there's no kind of investment that'll do it for you

Trade banking stocks like the wind .. you have time on your side

you also have to spot opportunity as it arises as a lot will change over the next 10 years

buy into nuclear power & far out stuff

By:

danniellasmincepies When: 01 Apr 12 08:56

Rent an RMU in busy Shopping Mall over xmas period Nov Dec cost £7,000 Staff £3,000, spend £10,000 on starting sock .
Returns £60,000, profit £10,000 .