best thing to do with 10k

[_Jimlad_]

if you had 10k sitting in a normal bank account doing naff all and earning you just pennies what would you do with it?

edit - i mean in a investment/ savings way

 

[explicit4u]

Inb4 'worst I have 10k Thread ever'!

Stock Market!!

Seriously if you invest it in some long term low risk shares you could get some decent yields. Much better than the crappy 2-5% you get at banks!

 

[[TW]Fox]

if you had 10k sitting in a normal bank account doing naff all and earning you just pennies what would you do with it?

Leave it until I needed it?



Just because you've got some money in a bank account doesnt suddenly mean you must do something it right away.

 

[Will Gill]

Give it to twoblacklines

 

[Richie]

Hardly life-changing amount now is it

Seriously tho - Long term bond e.g. 5 years with guaranteed growth if you know you dont need to touch it

 

[_Jimlad_]

Leave it until I needed it?



Just because you've got some money in a bank account doesnt suddenly mean you must do something it right away.

that's what did last year and it made me about £12

Hardly life-changing amount now is it

Seriously tho - Long term bond e.g. 5 years with guaranteed growth if you know you dont need to touch it

no it's not, but its separate to my current livings & savings funds and i don't see me needing it this year, and figure i should do something with it, as a start

 

[G-MAN2004]

that's what did last year and it made me about £12

Making £12 is better than wasting £10k on something you don't want/need.

 

[Will Gill]

ISA's

or

Premium Bonds

 

[Xein]

I would save it until you need it

 

[_Jimlad_]

Making £12 is better than wasting £10k on something you don't want/need.

yeah i agree, i dont want to spend it, sorry should have made things clear, i want to make it work for me though

 

[[TW]Fox]

Premium Bonds

NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO

 

[PinkPig]

that's what did last year and it made me about £12



no it's not, but its separate to my current livings & savings funds and i don't see me needing it this year, and figure i should do something with it, as a start

Well put it in a sensible bank account then. You can get 3% a year, which is £300.

And even if the best interest rate was 0% that's not a good reason not to keep it for a rainy day. Or a deposit on a house.

 

[Raikiri]

I would waste it, probably.

 

[Cosimo]

I'd find somewhere where it would make a few more pennies.

 

[Morgoth]

Stock Market.

 

[_Jimlad_]

are there any safe bets in the stock market? you know ones where you will make something but very small amounts?

 

[[TW]Fox]

are there any safe bets in the stock market? you know ones where you will make something but very small amounts?

Just keep your £10k in your bank account. You never know when it might be handy to have £10k if you really dont know what else to do with it.

You'll be glad of it in a years time if the wife wants a big holiday or your kitchen needs renewing or something, or the car breaks and you fancy a new one.

If making money from the stock market was a prudent idea for your £10k you'd not be posting this thread thats for sure.

 

[PinkFloyd]

All on black

 

[Bunka]

Stock market, gold, or a good old savings account.

 

[Will Gill]

Fox, I have rather a large amount of cash in bonds, whats wrong with them? I've also won a fair amount of cash over the years on them too.

win win as far as i can see