16vmarc

I currently have £1000 in Premium Bonds, which have been there for about 4 years. So far they have returned nothing, so I've being wondering whats best to do with the money.

Few ideas!

- Leave it where it is, I could win some money!
- Withdraw and put in to my savings account and gain interest (Currently 5%)
- Open an ISA and gain tax free 5-6% interest
- Put in a Stocks & Shares ISA, could gain or lose money
- Buy in to shares, same as above

I also have £1100 that needs to come out of an account and in to my new account, so I could leave the Premium Bonds alone and invest the £1100.

I was thinking of shares in Shell but can't find any information on how I go about getting any??

EddScott

Aren't NS&I offering to make so many people millionaires during April? From what the adverts say anyway. Don't know it thats for new or includes existing investors.

Other than that ISAs. No point sticking it back into savings and paying tax on it.

Your attitude to risk will dictate which ISA product best suits you. If you fancy direct investing in shares and cash ISA returns don't excite you, maybe a toe in S&S ISAs might be an idea as a start.

16vmarc

Well I'm leaning towards leaving the bonds alone and maybe playing with the £1100. Especially after reading that theres going to be 5 draws coming up.

Ads78

iTrader: (2)

One of those 5 £1m prizes has my name on it!! Wishful thinking maybe.

Keep those premium bonds though. You might not see a return for years, but I check through the list of big winners and sometimes there are people who have had theirs since the 1970's but only have £25 worth and they hit a £10,000 prize.

16vmarc

I've just been doing some reading up and shares in Shell are currently £4.73/7 Euros. My £1100 would get me 232 shares.

What are peoples thoughts?

mark engers

It's peanuts. Have a night out... champagne, snort and high class hookers.

JTaylor

Much the same as Engers' I should imagine.

PaulC72

you would like to think that buying into a petroleum company you would never loose, however a loss is only a loss when you actually take the money out of the situation.
Take them out of the premium bonds, then I 'll have more chances of winning

But seriously I would leave them in there and maybe add to them, after all 5% of £1000 is only £50 so the risk is low against the potential win.

DEEDEE

£1100 is Peanuts (mark engers) and he is right. The best place is an ISA Tax Free, why put it in an account and pay tax (stupid idea) Yes Bonds could do it for you, COULD, and you will always have £1100 but the cost of living means its worth less each year.

Stephb1986

i have 25k and i dont have a clue what to do with it got my heart set on a new car so lets say 9k of it on a car and then the rest is just floating any ideas???

JTaylor

Yes, stop trying to make Mark feel inadequate.

Stephb1986

its not my fault i was badly injured in a car crash its my payout

JTaylor

Fully recovered?

moses

for a thousand u can buy some apexi boost controllers fae the usa as a dealer price
and sell them for 240 or 280 each and make a few hundred quid within a week lol


and then buy another and another

how dae u think i started my wholesale company yrs back, i woz sick and tired of forking oot alot mair for uk parts for my evo and then i got pi55ed aff one day and bought stuff abroad, usa, hong kong. phillipines and japan etc and got my personal stuff for my car fae their and then decided hey if i buy alot of the same items and get a good deal i can start selling it

lol thats how my scene started and glory be tae God it brings food tae the table

Stephb1986

no i will never be recovered i have severe deafness in 1 ear and severe tinnitus in both ears its that bad i need hearing aids im only 20!

Petem95

Why exactly? What caused such a loud bang to do that sort of hearing damage?

As for the 25k, get 3k into a cash ISA for a start (Barclays for 12 months - 6.55%)

JTaylor

Tough break. I'd avoid muppets, they'll simply question your sexuality. Good luck.

Stephb1986

i hit my head on the headrest but i did go into a car doing 50 mph and it was a seicento so it was a bit of a mess

im lucky to be alive really if it wasnt for my seatbelt i wouldnt be here today as my bonnet came through my windscreen

JTaylor

My effort a fair few years back.

Petem95

bloody hell - hope you were the only one in the car!

JTaylor

Yes I was. My girlfriend and I had just had a fall out were I insisted she got out of the car. I also stupidly didn't have my seatbelt on for most of the journey but put it on five minutes before the accident. I quite literally thanked God for a long time after.

Stephb1986

i went into the side of a rover 200 i think it was with the front of a seicento only have 1 pic because i only seen it once after the accident i miss it still now.

you was lucky really lucky i cause about that much damage to the other car and made it spin twice i hit it that hard there was nothing i could do.

did you get paid out for it??

unclebuck

Crack. You can double it in one night.

unclebuck

Holy crap!!

A post from mosser that finally makes sense.

Interesting... rubs chin

JTaylor

Not relevant really.

So can a specialist do anything for you then?

Stephb1986

all they can do is give me hearing aids so make the tinnitus quieter really thats about it but with the hearing aids being 4k a piece i'll be getting the money for them too. im also seeing a orthapedic surgeon about my back because it was badly damaged and still getting pain now 18 months on

moses

lol it sure does, when u get sick of getting charged overpriced garbage u take action

moses

steph im so sorry tae hear that mate, i didnt know u crashed, i hope u get better and sorry tae see yer car like that

G-STAR

Make a 'real' investment, Marc - a season ticket at United.

^OPM^

Steph - at your age with your money i would invest the full £7000 this year in a high risk i.e. smaller companies ISA, then again next year invest the maximum which if i remember right will be £7,200 in another maxi ISA- but at your age you can afford to take high risk ISA's and in 20 years time-bingo-you will have an ISA fund of hopefully 40 to 50 k fingers crossed-or even more maybe-you dont want to waste too much on a car which only devalues when for 4-5 grand you can buy a perfectly good car that will last years and still have 20k to invest for retirement, in mean time after u have took out a maxi ISA this year stick rest in highest interest paying account you can find.

Jobs a good un.

all the best for the future