shadowninja
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Never take advice to invest in shares from strangers online. You don't know if it's genuine advice or just someone hoping their bad investment will rise.
However, if he would be so kind as to buy TG21 shares... :cheesy:
However, if he would be so kind as to buy TG21 shares... :cheesy:
dick_dastardly
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When people ask me where they should put a few spare grand I always tell em to buy premium bonds.
At least that way, they wont get wiped out and come back to blame me for their losses.
dd
At least that way, they wont get wiped out and come back to blame me for their losses.
dd
You're on a loser whatever you tell him.
If you tell him to buy ABC shares and they go up, he'll just say thanks because you've done your job - he asked for good info and you gave it to him.
But if they go down he'll blame you.
M<y advice is to open an IceSave account which pays 6.2%
If you tell him to buy ABC shares and they go up, he'll just say thanks because you've done your job - he asked for good info and you gave it to him.
But if they go down he'll blame you.
M<y advice is to open an IceSave account which pays 6.2%
shadowninja
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Not sure about Premium Bonds. I have a fair few and its annual return is something like 1% for me.
They say the Lotto is the poor person's tax. The Premium Bonds are the rich person's tax, then.
They say the Lotto is the poor person's tax. The Premium Bonds are the rich person's tax, then.
dick_dastardly
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Premium bonds is just like playing the lotto, the only difference being if you lose you get your money back.
When interest rates are low premium bonds are an ideal short term storage area for money.
Tell him/her to buy some premium bonds and whilst (s)he's waiting for that blue envelope to arrive open a demo account and have a go.
Either that or stick it in a building society ( one that's still mutual )
dd
Fine wine - sell it at auction a few years down the line. If prices haven't appreciated then he can always drink it.
There are various sources you can search out for advice on good wines to lay down for a few years
Charlton
lurkerlurker
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The following is a statement of personal opinion and is not investment or legal advice.
I wouldn't consider that £4k is adequate for long term buy and hold. The few sensible options available for that include cheap index tracker funds in a stocks and shares ISA. Individual equities at that level would have too much risk exposure. There are bank accounts and 2 year fixed rate bonds paying as much as 6.50% gross - that is probably a better place to put the money. Alternatively, if your mate wants to diversify away from traditional holdings and fancies keeping the investment for 5 years or so, CED2.L might be a good buy below 102. (initial offer price was 100, it is a commodities fund which uses calls on futures and bonds for capital protection. DISCLAIMER: I own stock in this, but I hardly think 4000 shares will put the price up!)
As for premium bonds - to paraphrase another poster here - if lotteries are a tax on the poor, premium bonds are a tax on the stupid. Stick the damn money in a building society account, or buy some 2 year fixed bonds. Premium bonds my foot. Lend money to your government, and it will let you gamble to see if you deserve any return on it. Also, be advised that the more new suckers there are who buy premium bonds, the less chance there is of old suckers winning anything.
lurkerlurker
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You know this, yet you still hold premium bonds? May I ask why?
shadowninja
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Because... it could be me! :cheesy:
And... people might think I'm rich.
(And a healthy dose of laziness which means I can't be bothered writing a letter.)
