i say isa, think there about 6%?
Is that 6% per year?.
i say isa, think there about 6%?
My first thoughts were a high interest account or an isa of some sort but I'm not sure. I want it to make me something but I'm not expecting to much back. I'm able to invest this much every 18 months so after say six years I'm gonna have 8k to play with plus what ever I make on top. I Could keep it going until I retire which is another 35 years.
Anybody else invest there cash?
I'd have to agree with premium bonds tbh as a safe hassle free way to use money
+1.[TW]Fox;10971872 said:Why though? The return on them is worse than an ISA. Why would chose Premium Bonds over an ISA, unless you had no concept of financial management whatsoever?
I think he is looking at it from the angle of your money is 100% safe and you have a chance of "winning" a lot.
Taking averages in to account mean nothing if you drop 2k in to bonds and win 50k the month after...
May as well play the lottery then....
But you dont get your £1 back if you dont win.
Your money in bonds is safe so your comparison is void.
Shares.
Yes, but the money you put in is worth less when you take it out due to inflation.Its safe, you always can take out the full amount you have put in.
This is one of the major selling points of them.
Yes, but the money you put in is worth less when you take it out due to inflation.