MarkR Posted July 18, 2008 Share Posted July 18, 2008 Currency is a bit of a tricky business... I'm a little wary of it.. Quote Link to comment Share on other sites More sharing options...
carl0s Posted July 18, 2008 Author Share Posted July 18, 2008 Not taking into consideration taxes, and any restrictions on the Turkish bank account, but check this out: £10k transfers to 28,640 YTL in July 2006 @14% per year becomes 37,220 by July 2008 Which transfers back to £15,508 at the July 2008 exchange rate. That's a 55% return over two years! I think the key here is the benefit of hindsight. The currency exchange rate could quite easily have gone the other way, i.e. 19% weaker instead of stronger, and may well do in the future. Quote Link to comment Share on other sites More sharing options...
RiceRocket Posted July 18, 2008 Share Posted July 18, 2008 Buy loads of oil then sell it back I reckon you should just stick in premium bonds for a year just for a trial period and then evaluate. Unless you're desperate for a guaranteed return. Quote Link to comment Share on other sites More sharing options...
Gerry Posted July 18, 2008 Share Posted July 18, 2008 It may have been mentioned, or you might not have a mortgage, but how about an off-set mortgage. Not very exciting, but you will save more on your mortgage payments than you would gain in interest in a bank or BS. Also, as your £10K grows the more you save Quote Link to comment Share on other sites More sharing options...
adnanshah247 Posted July 18, 2008 Share Posted July 18, 2008 stock market............. if you know what your doing that is, otherwise u will loose it all in one night! Quote Link to comment Share on other sites More sharing options...
hogmaw Posted July 18, 2008 Share Posted July 18, 2008 Roulette... red or black, 50:50 and you double your money (or lose the lot) go on you know you want to Quote Link to comment Share on other sites More sharing options...
carl0s Posted July 18, 2008 Author Share Posted July 18, 2008 Buy loads of oil then sell it back Now that would have been a good thing to buy £10k's worth of two years ago, if I knew how, and I had a time machine! I reckon you should just stick in premium bonds for a year just for a trial period and then evaluate. Unless you're desperate for a guaranteed return. but as said before, it genuinely looks like a better bet to put the interest earned into the National Lottery than the NS&I Premium Bonds lottery, which is all premium bonds are doing. Quote Link to comment Share on other sites More sharing options...
Gerry Posted July 18, 2008 Share Posted July 18, 2008 Premium Bonds... Number of years held: 43 years Number of wins: 0 Notified of change of address: yes OK, I admit it: Amount of £ invested: 10 But that was when a tenner was really worth a tenner Quote Link to comment Share on other sites More sharing options...
carl0s Posted July 18, 2008 Author Share Posted July 18, 2008 Premium Bonds... Number of years held: 43 years Number of wins: 0 Notified of change of address: yes OK, I admit it: Amount of £ invested: 10 But that was when a tenner was really worth a tenner Have you checked on their website to see if you're owed anything, just in case they didn't pick up the change of address? Quote Link to comment Share on other sites More sharing options...
carl0s Posted July 19, 2008 Author Share Posted July 19, 2008 Stick it on "Knot In Wood" in the 20:00 race at Hamilton today. Got any more tips? I could have made £35k and become a gambling addict if I'd listened to you! Quote Link to comment Share on other sites More sharing options...
mikeyb10supra Posted July 19, 2008 Share Posted July 19, 2008 So here's my idea. Stick £10k in a savings account and use the £500-ish interest to buy 500 lottery lines a year. if you do that on the lottery I will let you into a nice little method that drastically increases your chances of winning but requires a heft amount each month to work Quote Link to comment Share on other sites More sharing options...
carl0s Posted July 19, 2008 Author Share Posted July 19, 2008 if you do that on the lottery I will let you into a nice little method that drastically increases your chances of winning but requires a heft amount each month to work I'm all ears! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.