£100k to Invest in Which Bank ?
24 February 2009, 12:30 PM
#1
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£100k to Invest in Which Bank ?
If you had £100k to invest in a bank, which would it be ?
It doesn't need to be on a 30 day notice or anything like that, but obviously the higher the interest rate the better, and the more that is guaranteed the better.
Thanks !
It doesn't need to be on a 30 day notice or anything like that, but obviously the higher the interest rate the better, and the more that is guaranteed the better.
Thanks !
24 February 2009, 12:53 PM
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Split in two and deposit in two separate British based banks. This gives you 2 x £50000 guaranteed by the FSCS.
Currently both on about 0.0000000000000000000000001% interest
24 February 2009, 01:07 PM
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Get the luxury flats and the cheap porsches now if you can afford them. Two of the safest investments at the moment IMO.
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24 February 2009, 01:33 PM
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House next door to me is up for sale £105k, 2 double bed, end link good rental area, as they appear to let very quickly. A furnished house goes for £425-450 a month so a good investment 
24 February 2009, 01:46 PM
#10
for crying out loud, people, they have ONLY JUST STARTED FALLING after going up for years and years.
****ONE**** report from the Halifax about prices going up in January (in contrast to every other index) and you are all "buy buy buy".
Buy property now at your peril.
****ONE**** report from the Halifax about prices going up in January (in contrast to every other index) and you are all "buy buy buy".
Buy property now at your peril.
24 February 2009, 02:31 PM
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Northern Rock?
or why not look at the money websites like moneysupermarket.com
... unless, of course, you've attended the PSL School of Internet Posting...
or why not look at the money websites like moneysupermarket.com
... unless, of course, you've attended the PSL School of Internet Posting...
Last edited by Dieseldog; 24 February 2009 at 02:39 PM.
24 February 2009, 02:32 PM
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Why is it buy now at your peril? If your after a quick buck then yes your right, but surely in 5 years or more, the property Market will have recovered, history has prooved that, my parents bought their house 30 years ago for £21k and un-extended house is probably worth over £220k, they never would have believed it would go up in value so much
Last edited by ronjeramy; 24 February 2009 at 02:38 PM.
24 February 2009, 02:34 PM
#16
Why is it buy now at your peril? If your after a quick buck then yes your right, but surely in 5 year or more, the property Market will gave recovered, history has prooved that, my parents bought there house 30 years ago for £21k and un-extended house is probably worth over £220k, they never would have beloved it would go up in value so much
24 February 2009, 03:10 PM
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its a no brainer if you've the cash to buy outright, buy a £100K house and get a £400-£500 per month return, If you don't intend to sell and just keep then its going to outstrip bank interest rates at the moment. Ok the asset value may dip but if you don't need to realise it that is irrelevant and in the long term its likely to go up anyway.
24 February 2009, 04:30 PM
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Too late when you see them going up ......
House Price go up if MORE ONE person wants to buy it and the asking price (or higher) is achieved.
House prices stay static if there is ONE buyer per property and they pay very close to the asking price.
House prices drop when no buyers at all are found.
The middle option is where you should aim to buy, as you are just before the bottom and before the rise - when EVERYONE is jumping in and it gets silly all over again.
House Price go up if MORE ONE person wants to buy it and the asking price (or higher) is achieved.
House prices stay static if there is ONE buyer per property and they pay very close to the asking price.
House prices drop when no buyers at all are found.
The middle option is where you should aim to buy, as you are just before the bottom and before the rise - when EVERYONE is jumping in and it gets silly all over again.
24 February 2009, 04:31 PM
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its a no brainer if you've the cash to buy outright, buy a £100K house and get a £400-£500 per month return, If you don't intend to sell and just keep then its going to outstrip bank interest rates at the moment. Ok the asset value may dip but if you don't need to realise it that is irrelevant and in the long term its likely to go up anyway.
24 February 2009, 04:42 PM
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That £100k house will be going DOWN in value faster than £500 a month though so not such a no brainer...
And all this talk of "they will go up" is about as believable as a Zimbabwean economic policy.
I'd rather shout "I'm a convicted paedo" at a PTA meeting than buy somewhere right now.
And all this talk of "they will go up" is about as believable as a Zimbabwean economic policy.
I'd rather shout "I'm a convicted paedo" at a PTA meeting than buy somewhere right now.
24 February 2009, 04:45 PM
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That £100k house will be going DOWN in value faster than £500 a month though so not such a no brainer...
And all this talk of "they will go up" is about as believable as a Zimbabwean economic policy.
I'd rather shout "I'm a convicted paedo" at a PTA meeting than buy somewhere right now.
And all this talk of "they will go up" is about as believable as a Zimbabwean economic policy.
I'd rather shout "I'm a convicted paedo" at a PTA meeting than buy somewhere right now.
£500 a month return on £100k is good whatever happens to the capital .... over 5 years that £100k will be higher, that's an absolute given.
Last edited by SunnySideUp; 24 February 2009 at 04:47 PM.
24 February 2009, 04:52 PM
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Hi, I'm a wily property "investor"
Hi, I'm steering well clear of property:
I do wonder what would have to happen to the property market to make some of you think it might just be a bad idea.
And as for the constant pyjama references. sorry you're a fat git that can't do a single press up - I suggest gentle exercise and less pies.
Hi, I'm steering well clear of property:
I do wonder what would have to happen to the property market to make some of you think it might just be a bad idea.
And as for the constant pyjama references. sorry you're a fat git that can't do a single press up - I suggest gentle exercise and less pies.
24 February 2009, 07:37 PM
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I would certainly avoid property, and be careful with shares as it looks like on average the stock market will be falling a fair way further.
You can get over 4% in fixed rate bonds which looks tempting. Corporate bonds can get you some pretty decent returns as well, and gold could potentially go up a fair bit if things keep getting worse (which looks likely!)
I would spread your investment, so maybe
1) max your cash ISA
2) fixed rate bonds at 4%
3) some shares (choose carefully!)
4) some gold
5) possibly invest in other currencies
You can get over 4% in fixed rate bonds which looks tempting. Corporate bonds can get you some pretty decent returns as well, and gold could potentially go up a fair bit if things keep getting worse (which looks likely!)
I would spread your investment, so maybe
1) max your cash ISA
2) fixed rate bonds at 4%
3) some shares (choose carefully!)
4) some gold
5) possibly invest in other currencies
24 February 2009, 07:42 PM
#28
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I'd put my £100k in property.... buy cheap... sit on it, rent it out and get 4-6%+ rental return
24 February 2009, 08:39 PM
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**** banks. If your looking for long term, shares is the way to go. Look for one of the big companies, Procter & Gamble, Colgate, Unilever that kind of giant who will not go bust.
The P&G shares I own are currently at around $50ish (I am in the employees 1-4-1 scheme, for every share I buy, the company gives me one
). 2 years ago they were around $80 and after all this financial bollocks WILL go back (those kind of companies are too big to go under, they have too many fingers in too many pies)
