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>> No. 6856 Anonymous
28th January 2017
Saturday 6:49 pm
6856 What to do with a lump sum
In July I will have £20,000. It's a long-story that I won't bore anyone with the details of, all you need to know is I will have a current account with about £20,000 in it.

What should I do with it? Or perhaps even more useful advice would be what should I read so that I can come to my own conclusions about what to do with it?
Expand all images.
>> No. 6857 Anonymous
28th January 2017
Saturday 7:04 pm
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GIve it to me, I'll look after it. For a fee.
>> No. 6858 Anonymous
28th January 2017
Saturday 7:04 pm
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Here's a useful guide to the best savings accounts, with some advice on how best to manage your savings.


You should also take a look at their advice on pensions.


I'd strongly advise you to keep a few months worth of living expenses in an instant-access savings account. Having this kind of emergency fund can stop you from getting into debt unnecessarily if you lose your job or have a major expense appear out of the blue.

I'd also strongly advise you to avoid any investment you don't fully understand. Interest rates are miserably low at the moment, so it can be tempting to dabble in shares or some property-based investment scheme. There's always a tradeoff between risk and reward, so be extremely wary of anyone promising you high returns with low risk.
>> No. 6859 Anonymous
29th January 2017
Sunday 3:38 am
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Highlighting the one piece of advice there that is absolutely and unconditionally worth following:
>avoid any investment you don't fully understand.
Savings rates are at historic lows, and returns on equities aren't brilliant either. Even the historically boring but high-dividend stocks haven't been doing what they used to. For the last decade the environment has been particularly ripe for (to call a spade a spade) con artists to pitch promising schemes to people whose only sins are wanting a better return on their modest investments and not being financial experts.

Without wanting to sound like those con artists, there's one simple trick that works almost every time. When you see an opportunity, ask yourself who's promoting it and what's in it for them. If you can't work out the answers, consider the scheme not understood and walk away. Nobody ever went bust by missing out on a good investment they didn't understand.
>> No. 6860 Anonymous
29th January 2017
Sunday 3:44 am
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Stay away from brainwashed socialist students, they'll lock you in a room until you give it all to some lesbians in Guatamala.
>> No. 6861 Anonymous
29th January 2017
Sunday 3:46 am
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This. Everyone knows lesbians in Brazil make much better porn.
>> No. 6862 Anonymous
29th January 2017
Sunday 4:02 am
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No m7, Gary Glitter made the best porn

£2.99 bitcoin on tor innit
>> No. 6863 Anonymous
29th January 2017
Sunday 8:08 am
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>returns on equities aren't brilliant either

The one year return on the IA UK All Companies sector average is 19.1%. The five year return is 62.1%.

For UK Equity Income it's 15.2% and 64.5% respectively.

For Global Equities it's 32.8% and 74.6%.


Seems pretty fine to me. The FTSE and Dow Jones have recently hit record highs.

Besides, most investors make the mistake of putting their money in when the markets are high; if you think markets are low then that's the perfect time to invest.
>> No. 6864 Anonymous
29th January 2017
Sunday 1:03 pm
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>What do you mean brick makers are struggling? House prices have never been higher!
>> No. 6865 Anonymous
29th January 2017
Sunday 1:33 pm
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You're going to have to explain this one to me, lad.
>> No. 6867 Anonymous
29th January 2017
Sunday 9:34 pm
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Not OP, but he probably means that high stock prices have made dividend yields lower.

If the government stop printing money then the FTSE might nosedive.
>> No. 6868 Anonymous
29th January 2017
Sunday 10:02 pm
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As far as I'm aware there hasn't been any QE for a few years. It hasn't been retracted yet but there's nothing new as far as I'm aware.
>> No. 6869 Anonymous
29th January 2017
Sunday 10:05 pm
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I think they did a round not long after the EU Referendum vote.

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