DaveK Posted August 10, 2007 Share Posted August 10, 2007 Even low risk can make a loss though, if you want to invest you might want to tell your investment advisor that you want no risk, you don't want to UNDER ANY CIRCUMSTANCES have an investment that is worth less than it currently is. AND GET IT IN WRITING. This way if it does lose value you can claim under mis-selling regulations. The ROI might not be as high as other investments but the risk should be lower. Mike True - but if you want no risk / must get back at least what I invest - then you simply can't invest in stocks and shares. That's what savings accounts are for. Link to comment Share on other sites More sharing options...
Sheefa Posted August 10, 2007 Author Share Posted August 10, 2007 Good idea Col. I think I'm going to pay off the loan straight away and perhaps look into a clever investment. I may buy my OLD SUPRA BACK! Link to comment Share on other sites More sharing options...
Pixelfill Posted August 10, 2007 Share Posted August 10, 2007 True - but if you want no risk / must get back at least what I invest - then you simply can't invest in stocks and shares. That's what savings accounts are for. True - or investment bonds, I'm sure there are other avenues for investments, but I wouldn't know them hence the financial advisor. Plus there is a possiblilty you'll get a muppet advisor who ignores your attitude to risk and invests in stock and shares giving you a potentially high ROI but with the added security blanket of the mis-selling legislation Mike Link to comment Share on other sites More sharing options...
DaveK Posted August 10, 2007 Share Posted August 10, 2007 True - or investment bonds, I'm sure there are other avenues for investments, but I wouldn't know them hence the financial advisor. Plus there is a possiblilty you'll get a muppet advisor who ignores your attitude to risk and invests in stock and shares giving you a potentially high ROI but with the added security blanket of the mis-selling legislation Mike There is also the complication of charges. Some charge you much more than others - some have "entry" charges, but lower monthly / annual charges, some have similar exit charges and some just charge slightly higher annual charges. All very complicated. Link to comment Share on other sites More sharing options...
Guest Geneb Posted August 10, 2007 Share Posted August 10, 2007 Hehe its a great feeling having that kinda cash , spend it on sweets i say. Had my first offer of £130K for compensation just over a week ago but was advised to turn it down and hold out for £200k:) Thats a whole lots of sweets Bring on the lexus supra :) Link to comment Share on other sites More sharing options...
Sheefa Posted August 10, 2007 Author Share Posted August 10, 2007 Hehe its a great feeling having that kinda cash , spend it on sweets i say. Had my first offer of £130K for compensation just over a week ago but was advised to turn it down and hold out for £200k:) Thats a whole lots of sweets Bring on the lexus supra :) Jesus! For what mate? Have you had all of your kidneys and lungs removed against your will or something! That's a crazy amount of money. Link to comment Share on other sites More sharing options...
TrickTT Posted August 10, 2007 Share Posted August 10, 2007 I may buy my OLD SUPRA BACK! I wouldn't buy your old one, but there are plenty of nice ones about for 10k Life is too short to put money in a bank. Link to comment Share on other sites More sharing options...
Kranz Posted August 10, 2007 Share Posted August 10, 2007 Splash out on another Supra mate... you know you want to Seriously, pay off your debt and start saving for another Supe. Link to comment Share on other sites More sharing options...
Sheefa Posted August 11, 2007 Author Share Posted August 11, 2007 I wouldn't buy your old one, but there are plenty of nice ones about for 10k Life is too short to put money in a bank. LOL. That was a joke Rich!!! Indeed, I'd be in the market for a nice Manual if poss, but I think I may defect now............ Splash out on another Supra mate... you know you want to Seriously, pay off your debt and start saving for another Supe. Yep Steve, going to pay off my debt and then get my next 'dream' car. An EVO VI. Link to comment Share on other sites More sharing options...
Guest Geneb Posted August 11, 2007 Share Posted August 11, 2007 Jesus! For what mate? Have you had all of your kidneys and lungs removed against your will or something! That's a crazy amount of money. something like that hehe Link to comment Share on other sites More sharing options...
Chris-B Posted August 11, 2007 Share Posted August 11, 2007 Hi mate, Id recommend putting the money into Premium Bonds from NS&I, ive had 8k in their since december 06 and so far ive won £450:cool:. your not guaranteed to win but so far its working out for me, prizes range from 50-1million. not a bad return when you consider the interest you would make from an ISA. Cheers Chris Link to comment Share on other sites More sharing options...
chris burford Posted August 11, 2007 Share Posted August 11, 2007 Well, my parents spoke to me yesterday about recent events that have been getting them a little worked up, but all resolved now. Looks like they've settled the final payment on their mortgage through selling a large bulk of my dad's company shares. They're well happy and hopefully my ol' man can relax a bit now as his work is pretty damn hectic and he not too long ago had a heart attack. Anyways, looks like they've also agreed to give each of us, the children that is, £10,000 for our own spending purposes! My sisters going travelling, my brother's going to buy a newer Hilux, and I've got one of two choices but not sure which to do. Do I a) use the money to pay off my £9,500 outstanding Direct Line loan that I got for the car, or b) keep it in an ISA as a 'partial' house deposit and keep making my monthly payments on my loan for the next 2 years? Not sure what the 'best' deal is. Financial advice needed please! Thanks, Greg Hi If it was me i would pay off the loan so your not paying interest. Then start saving the amount the loan was costing you each month in a savings account because you can obviously live without that money, of which you will then receive interest on it thus making your money work for you. Why pay the bank when the bank could be paying you plus when you come to getting a mortgage a lender will possibly loan more because you wont have as much outstanding debt. Hope that makes sense im sure there is somwbody on here that could put that into better england if you know what i mean. Cheers mate Chris Link to comment Share on other sites More sharing options...
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