Ive got 10 grand currently sat in a savings account earning peanuts. I dont really need to touch it for 5 or so years and want to invest it in a risky but rewarding way. whats the best option for me, anyone got any ideas?
Stocks & shares ISA, retail bond, ICG7 It'll cost 100.8 per 100 currently. pays 7% Tax free dividends in an ISA. You get the dividends paid every 6 months, then the investment back in seven years. The bonds are traded on the market, so you can sell at any time. (so you are not tied in for the full period. (I believe the spread is currently 100.4 - 100.8 (Mid price quoted as 100.6) Check the ISA provider you choose allows investments in retail bonds. e..g. Selftrade
Stocks & shares ISA, retail bond, ICG7It'll cost 100.8 per 100 currently.pays 7%Tax free dividends in an ISA.You get the dividends paid every 6 months, then the investment back in seven years.The bonds are traded on the market, so you can sell at any
Tesco look oversold to me. But I also like their index-linked bond. Premium bonds will give you 2% tax free and are risk free. There are some oil minnows like GKP which could do spectacularly well but are not for widows and orphans. Banks could also do well but I am not touching them myself. Gold sovereigns are another possibility. The consensus view is that gold will rise over the next year. Your best choice depends on how much risk you want and what your view is of the economy; personally I am staying defensive.
Tesco look oversold to me. But I also like their index-linked bond. Premium bonds will give you 2% tax free and are risk free. There are some oil minnows like GKP which could do spectacularly well but are not for widows and orphans. Banks could also