Advice, GD?

PermaBanned

PermaBanned

PermaBanned

Soldato
Joined
7 Jul 2009
Posts
16,234
Location
Newcastle/Aberdeen
jwH9V.png

Me and money don't get along. So basically, what's the best drinking weekend you can spec me? :D

Nah, what would you do? I don't have a clue. Take it out and buy gold and silver? :p

Also, why am i getting this letter now, after my 17th birthday?
 
Von Smallhausen said:
It's capital wealth and you hate capitalism don't you ? ;)

Seriously though, why not speak to a financial advisor ?
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For 2 and a half grand?

Keep it there until your 21, then take it out and spend it on something you need or put it into an ISA (I'm assuming they are going to be worthwhile in 2015...)

If you take it out early, you'll lose the bonus.

Or take it out now and spend it on something useful, a car perhaps?
 
Leave it there until 2015, and then either stick it in an ISA or Premium Bonds (not what everyone will advise but what I would do). The other thing to consider is if bank interest rates will have improved by then, because sticking it in a savings account could be good too should you need access to it. However I wouldn't be surprised if interest rates are still rubbish in 2015!
 
PermaBanned said:
jwH9V.png

Me and money don't get along. So basically, what's the best drinking weekend you can spec me? :D

Nah, what would you do? I don't have a clue. Take it out and buy gold and silver? :p

Also, why am i getting this letter now, after my 17th birthday?
Click to expand...

The return on that is a bit poor, take it out now and stick it in a high interest savings account and put it towards a deposit on a property when you're older.
 
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