Best way to invest £50k?

foz2000 · 9 Aug 2008 at 19:43

I would buy an apartment in dubai for £45,000 then rent it for the year, the person who moves in pays a cheque for the first 6months up front and the 2nd cheque after the 1st 6months are up. It should give you something back though, not too sure on the figures to be honest.

Just a thought though.

Scooby-DoobyDoo · 9 Aug 2008 at 19:45

Put it on stoke to be relegated.

1/4 on. So thats 25% and you should be guaranteed a payout by about march

Azagoth · 9 Aug 2008 at 19:49

Scooby-DoobyDoo said:
Put it on stoke to be relegated.

1/4 on. So thats 25% and you should be guaranteed a payout by about march

Arses to ya! We'll stay up, barely and by the skin of our teeth but we'll stay up.

Put it on Stoke to win the Premiership. Along with Hull we're 5000/1.

Dracata · 9 Aug 2008 at 20:14

foz2000 said:
I would buy an apartment in dubai for £45,000 then rent it for the year, the person who moves in pays a cheque for the first 6months up front and the 2nd cheque after the 1st 6months are up. It should give you something back though, not too sure on the figures to be honest.

Just a thought though.

Apparently this is a deposit for a house after the years up, so a quick buy/sale of property is very high risk, not what the OP is after.

bigredshark · 9 Aug 2008 at 20:28

iamTakeo said:
Hang on, there is a 'credit crunch', I wouldnt trust any firm that isnt backed by the UK Treasury, therefore I recommend looking at the options in NS&I.

Big banks are as good as, they would never be allowed to fail...

Whether thats right or not is a different topic, but the fact is if the government will save northern rock then it's not going to let Nationwide, Barclays, Natwest etc fail...

K.C. Leblanc · 9 Aug 2008 at 20:42

HangTime said:
IIRC currently only £35k is guarenteed, the limit hasn't actually be raised to £50k yet although it's been announced.

You can however split it between two different banks.

ste_bla · 9 Aug 2008 at 20:56

Guv said:
£50,000 is guaranteed now

Link

As it says;

Treasury officials said yesterday that the increase to £50,000 meant that 97 per cent of savings accounts would be covered by the guarantee, which is allocated per person, per bank

Does that mean that a joint account has/will have 100k protection?

bigredshark · 9 Aug 2008 at 22:07

K.C. Leblanc said:
You can however split it between two different banks.

And should do, maybe even more, despite being protected the scheme is rubbish and takes ages to pay out so even if it is protected you don't want your money in a failed bank...

Energize · 9 Aug 2008 at 22:36

ste_bla said:
Does that mean that a joint account has/will have 100k protection?

Yes.

mp3kla said:
So your rate can potentially drop after you've invested? Or are you just looking at it from my point of view?

Rates can't drop on a bond. And it's not investing it's saving.

Bunka said:
Decent interest rate but personally I would be pretty sceptical about putting £50k into an Indian online bank.

mp3kla said:
For a 0.5% (£250) difference between that and Nationwide - I know which I'd rather put my money in.

It's just as safe as any uk bank.