tangerinedreams Posted April 21, 2013 Share Posted April 21, 2013 Where is the best place to put one's hard earned? We've heard all the: save for your future etc but where do we really invest? Genuine question: Quote Link to comment Share on other sites More sharing options...
opinions4u Posted April 21, 2013 Share Posted April 21, 2013 (edited) It's a bit of a vague question. Pay down credit cards, loans, mortgages unless rate is stupidly cheap. Stick £25 a month in a First Direct Regular Saver at 6% and at the end of 12 months you'll have enough for a season ticket in 2014/15. Pension. Maximise tax relief and any employer contributions. Savings account, although rates are tosh. Cheshire Building Society ISA perhaps. Stocks and shares ISA with non-European emphasis. Edited April 21, 2013 by opinions4u Quote Link to comment Share on other sites More sharing options...
jimsleftfoot Posted April 21, 2013 Share Posted April 21, 2013 Where is the best place to put one's hard earned? We've heard all the: save for your future etc but where do we really invest? Genuine question: It's not a savers market. As O4U has said it's probably more effective in the long run to pay off debt/mortgage at the moment but that depends on what your aim is. It's worth looking at Money Saving Expert. Despite the mainly rubbish rates, an ISA is good due to tax relief and the amount you can save in it can go up each year. Quote Link to comment Share on other sites More sharing options...
opinions4u Posted April 21, 2013 Share Posted April 21, 2013 Or gift the lot to PlayerShare. http://trustoldham.co.uk/pages/news/latic-playershare-2010.aspx Quote Link to comment Share on other sites More sharing options...
pukka Posted April 21, 2013 Share Posted April 21, 2013 Put it all on black Quote Link to comment Share on other sites More sharing options...
disjointed Posted April 21, 2013 Share Posted April 21, 2013 Put it all on black Or red Quote Link to comment Share on other sites More sharing options...
BP1960 Posted April 21, 2013 Share Posted April 21, 2013 Or gift the lot to PlayerShare. http://trustoldham.co.uk/pages/news/latic-playershare-2010.aspx Have we got one at present ? Quote Link to comment Share on other sites More sharing options...
BP1960 Posted April 21, 2013 Share Posted April 21, 2013 Buy Duncan Watmore from Altrincham, then reap the dividends a couple of years later. Quote Link to comment Share on other sites More sharing options...
Magic Mikey Posted April 21, 2013 Share Posted April 21, 2013 Invest in the pie market. Build up stocks during the summer then secretly flog them at the back of the stands when Latics sell out. If people want them warm they can always sit on them (Colin Crompton - Wheeltappers and Shunters) That should earn you an honest crust. Quote Link to comment Share on other sites More sharing options...
stevesidg Posted April 21, 2013 Share Posted April 21, 2013 Buy Duncan Watmore from Altrincham, then reap the dividends a couple of years later. What about Reeves? Quote Link to comment Share on other sites More sharing options...
BP1960 Posted April 21, 2013 Share Posted April 21, 2013 What about Reeves? Watmore's the one. Quote Link to comment Share on other sites More sharing options...
tangerinedreams Posted April 21, 2013 Author Share Posted April 21, 2013 It's a bit of a vague question. Pay down credit cards, loans, mortgages unless rate is stupidly cheap. Stick £25 a month in a First Direct Regular Saver at 6% and at the end of 12 months you'll have enough for a season ticket in 2014/15.----That's a decent rate, I'll be having some of that. Pension. Maximise tax relief and any employer contributions. Savings account, although rates are tosh. Cheshire Building Society ISA perhaps. Stocks and shares ISA with non-European emphasis.----I've got one of those, changed from low- medium risk a few years ago because, as you probably know the market wasn't doing too well so I moved to medium- high and a small % on high risk. Thanks O4U. Quote Link to comment Share on other sites More sharing options...
tangerinedreams Posted April 21, 2013 Author Share Posted April 21, 2013 It's not a savers market. As O4U has said it's probably more effective in the long run to pay off debt/mortgage at the moment but that depends on what your aim is. It's worth looking at Money Saving Expert. Despite the mainly rubbish rates, an ISA is good due to tax relief and the amount you can save in it can go up each year. Only got a few months left on a loan, paying more off the mortgage and the 6% isa that O4U mentioned looks the best route. Thanks. Quote Link to comment Share on other sites More sharing options...
garcon Posted April 21, 2013 Share Posted April 21, 2013 Pay off your mortgage and loans, make sure you've got a decent pension and if you're fortunate enough to have anything left after that, spend it. Quote Link to comment Share on other sites More sharing options...
tangerinedreams Posted April 21, 2013 Author Share Posted April 21, 2013 Pay off your mortgage and loans, make sure you've got a decent pension and if you're fortunate enough to have anything left after that, spend it. Work's pension is pretty pump tbh, it's better than nothing though. Must admit though I'm bone idle when it comes to switching and shifting to better deals. Quote Link to comment Share on other sites More sharing options...
bossrocks Posted April 21, 2013 Share Posted April 21, 2013 (edited) I've just spent a small fortune on flights to New Zealand. I'd recommend others do the same at least once. Unfortunately Korean Air weren't on the player share web shop. Edited April 21, 2013 by bossrocks Quote Link to comment Share on other sites More sharing options...
opinions4u Posted April 21, 2013 Share Posted April 21, 2013 (edited) I've just spent £1037 on flights to New Zealand. I'd recommend others do the same. £542 to get three of us to Stockholm in two weeks! Edited April 21, 2013 by opinions4u Quote Link to comment Share on other sites More sharing options...
Yard Dog Posted April 21, 2013 Share Posted April 21, 2013 Being a landlord is not for everyone, but there are some cheap properties around at present which can picked up and rented out easily enough. Yields of 9% and good potential for future capital growth, in my opinion. Quote Link to comment Share on other sites More sharing options...
bossrocks Posted May 1, 2013 Share Posted May 1, 2013 (edited) £542 to get three of us to Stockholm in two weeks! I think my trip is probably better value at 4.5p per mile! Bloody hell, that actually makes it seem cheap. I'll be very jealous though - got to wait until June before the Bruce stalking starts at Wembley. Edited May 1, 2013 by bossrocks Quote Link to comment Share on other sites More sharing options...
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