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never had money myself, but after the sale of m mums house , there is a nice lump sum for us, i dont want to risk this money in shares etc, i also dont really want to touch it, exept maybe for big treatseg world cruise etc, i want this mone for my 10 year old when hes 21 , halifax say put it in 5 year invetment where there is interest of 202 a month net. anyone give me better or good advice .
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Elis
There are some accounts that guarantee your capital (not like the HSBC one your dear mum had) , but give you exposure to stock market returns. Skipton have a nice one at the moment. Only worry is that stock markets have already done their big spurt
There are some accounts that guarantee your capital (not like the HSBC one your dear mum had) , but give you exposure to stock market returns. Skipton have a nice one at the moment. Only worry is that stock markets have already done their big spurt
chisel 09 Oct 09:17
Only worry is that stock markets have already done their big spurt
so whats your advice then , now markets have had their big spurt , shall i sell ? please help me
Only worry is that stock markets have already done their big spurt
so whats your advice then , now markets have had their big spurt , shall i sell ? please help me
I wouldnt sell anything thats in profit.. Good news goin to start coming out of US soon or their dollar is toast
Cash will be an appalling investment in the medium term.
Grey Shark
I dont really have an opinion one way or another at the moment.
Markets have increased nearly 50% since March!! . It was 3500 in March and is 5150 now...
I dont really have an opinion one way or another at the moment.
Markets have increased nearly 50% since March!! . It was 3500 in March and is 5150 now...
i know how far markets have gone , if you look back to first week in march on housing thread your see i started to put money in the markets myself , 10k to start with , and up to almost 50k before end of april , mostly UK income funds , far east , china , russia ... no aftertiming at all .
As for the opening poster if he has 50k and a 10+ year horizon i would suggest that he put maybe a third into a several funds , unfortunately Halifax like most banks will have a poor selection of funds that are unlikely to beat their benchmark , he has to do his own reseach but unfortunatly most people don't .... they rely on their bank or some stuffed suited spiv called an advisor to do it for them .
The only thing i would defo suggest is he takes out a Halifax regular saver for a child paying 6% gross over the year but he can open as many as he wants by putting each regular saver in trust using various relatives .
As for the opening poster if he has 50k and a 10+ year horizon i would suggest that he put maybe a third into a several funds , unfortunately Halifax like most banks will have a poor selection of funds that are unlikely to beat their benchmark , he has to do his own reseach but unfortunatly most people don't .... they rely on their bank or some stuffed suited spiv called an advisor to do it for them .
The only thing i would defo suggest is he takes out a Halifax regular saver for a child paying 6% gross over the year but he can open as many as he wants by putting each regular saver in trust using various relatives .
grey shark why cant i put the lot in this regular saver for 6%, you mention different accts in your last reply. sorry for being naive,
In the Manchester area you can pick up a decent 2 bed house for 60k.
Stick it with a management company who will do all the leg work for you for 8% a month. You can expect a rent of £425/month. Taking away insurance mngmt fees etc you should make about £4000 a year.
In 10 years you would have at least £40k in rent and whatever the property is worth at the time.
Sounds easy, well if you pick the right house/location it is, good luck.
Stick it with a management company who will do all the leg work for you for 8% a month. You can expect a rent of £425/month. Taking away insurance mngmt fees etc you should make about £4000 a year.
In 10 years you would have at least £40k in rent and whatever the property is worth at the time.
Sounds easy, well if you pick the right house/location it is, good luck.
elis ,
child account only £100 a month allowed per account with each trustee go on the website or get a leaflet that explains all , be careful they don't talk you into anything without you thinking about it ...... the childs regular saver is the best on the market at the moment and gets paid GROSS { no tax }
child account only £100 a month allowed per account with each trustee go on the website or get a leaflet that explains all , be careful they don't talk you into anything without you thinking about it ...... the childs regular saver is the best on the market at the moment and gets paid GROSS { no tax }
thanks, what aout putting the money in his name in a hx g reserve which is 4.15%per month, would i still be able to get the interest for myself.
yep maineroad ...up with the larks,my thoughts as well.
One thing you glean from the financial threads is that Grey Shark is a complete nob end
You will have to pay tax on any income whether the sum is in your name or your child's name.
If you are a taxpayer, and especially if you are a higher rate taxpayer, you need to look at capital gain rather than income.
With a 10 year timeplan, you should be looking at resource stocks IMHO.
I am 100% invested in smallish oil E&P companies for those reasons - they don't pay dividends, and they are in a business where what they produce is going up in price from now for ever.
They may be a bit high risk for you - but then again you should bever invest all of your money in one asset class so you should consider having a varied and balanced portfolio.
And before you think of posting that reply - yes, I know.
If you are a taxpayer, and especially if you are a higher rate taxpayer, you need to look at capital gain rather than income.
With a 10 year timeplan, you should be looking at resource stocks IMHO.
I am 100% invested in smallish oil E&P companies for those reasons - they don't pay dividends, and they are in a business where what they produce is going up in price from now for ever.
They may be a bit high risk for you - but then again you should bever invest all of your money in one asset class so you should consider having a varied and balanced portfolio.
And before you think of posting that reply - yes, I know.
Chit Chat 09 Oct 23:22
One thing you glean from the financial threads is that Grey Shark is a complete nob end
Yep no doubt about it , biggest nob end there is .......
One thing you glean from the financial threads is that Grey Shark is a complete nob end
Yep no doubt about it , biggest nob end there is .......
Shab 10 Oct 00:54
You will have to pay tax on any income whether the sum is in your name or your child's name.
children like adults have their personal tax allowance so could earn income of up to approx £6,500 per tax year before being taxed , however a parent can only gift their children each monies/funds that will earn UP TO £100 income per tax year as any more is seen as tax avoidance by the IR .
Not sure about money left in wills and future income earnend on that , could possibly fall under the personal allowance , all the info would come up on web searches .
You will have to pay tax on any income whether the sum is in your name or your child's name.
children like adults have their personal tax allowance so could earn income of up to approx £6,500 per tax year before being taxed , however a parent can only gift their children each monies/funds that will earn UP TO £100 income per tax year as any more is seen as tax avoidance by the IR .
Not sure about money left in wills and future income earnend on that , could possibly fall under the personal allowance , all the info would come up on web searches .
if you want to make big money buy the aussie dollar. big up side but little downside.
5% returns wont get you retired in the carribeean sipping pina coladas.
5% returns wont get you retired in the carribeean sipping pina coladas.
you SHOULD invest the majority of it for the time period states
The rest put to one side for emergencies/holidays/hookers etc..
The rest put to one side for emergencies/holidays/hookers etc..
20,000 - gold
15,000 - barclays ord shares
15,000 - barcelona to win la liga
15,000 - barclays ord shares
15,000 - barcelona to win la liga
agriculture, energy an precious metals backed fund
Jim rodgers commodity linked index fund covers em all
was in India this yr the place is goin to need alot of this stuff when it really gets going
Jim rodgers commodity linked index fund covers em all
was in India this yr the place is goin to need alot of this stuff when it really gets going
Food and Fuel, the UK has never enough home grown and will Always need More!!
Barclays :)
Doooomed I tells ya.
Lie about everything, tell their stock holders 10% of what the business is doing and bought £XXbillion bad debt from Morgan & Stanley and god who knows else.
Doooomed I tells ya.
Lie about everything, tell their stock holders 10% of what the business is doing and bought £XXbillion bad debt from Morgan & Stanley and god who knows else.
buy land when it becmes available.build a stable block .rent it out to the pony people .10 years time it will be valued at a lot more.
How would you invest in 'food'? GM stock?
50,000. Buy a flat in luton, rent it out for £350/month. Not the most hassle free investment admittedly, and ther are other associated expenses. But in 10 years time that flat could be worth 100k and earning 600/month.
buying the aussie dollar is madness imo. What is it now? less than 2/pound. lowest i've ever known it.
Invest it outside of the UK. Leave it here and in time the government will have it all off you.
drop me an email
lee_the_ref@yahoo.com
I will have a few things of interest for you that would return about 60% over 60 months before tax issues etc ....
lee_the_ref@yahoo.com
I will have a few things of interest for you that would return about 60% over 60 months before tax issues etc ....
buy the aussie dollar and double you money.In a few months too.
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