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Investment question.
Viral_Jim:
And he'll tell you how to spend the £1500 you have left at the end of it ;).
If it were me, I'd be tempted by some regular savings accounts that give 5%. You and your partner can have one each, then a joint one so they add up pretty quickly. Probably you'd achieve 2.5% pa on your money. Not much, but (basically) zero risk.
All depends on your risk appetite really.
dave the builder:
Look at your home energy efficiency and invest if needed
eg , old boiler that's inefficient ,loft insulation, old appliances ,
something as simple as investing in Led lighting over old lamps can save you and get your investment back in a few months ,then ongoing you are also saving.
an older tv can use up more power than new tech (plus bonus new tv)
ypu'd have to put the money saved on electric under the mattress ready for the term end :y
you could consider solar power ,but it may be tight to claw back investment in 3 to 5 years (solar is expensive but going down all the time)
a good bed is important ,you spend 1/3 of your life in it ,if you don't sleep well due to a crap bed,you will be less productive ,days off work etc
Jimbob:
Premium Bonds? have a bit of a safe gamble.
Field Marshal Dr. Opti:
--- Quote from: Jimbob on 22 September 2018, 17:21:05 ---Premium Bonds? have a bit of a safe gamble.
--- End quote ---
Similar to lottery ticket but you get to keep your quid.
Unlikely to win much (if anything) though. :-\
Field Marshal Dr. Opti:
--- Quote from: jimmy944 on 22 September 2018, 16:27:00 ---And he'll tell you how to spend the £1500 you have left at the end of it ;).
If it were me, I'd be tempted by some regular savings accounts that give 5%. You and your partner can have one each, then a joint one so they add up pretty quickly. Probably you'd achieve 2.5% pa on your money. Not much, but (basically) zero risk.
All depends on your risk appetite really.
--- End quote ---
5% PA on £20,000....where? :-\
I have 5% on £300 max a month for 12 months. Interest in month one was £1.25. Looks good but isn't. :-\
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