Year 12s: what will be the first way you research your future options? >>

What would you do with 20,000?

How could I get maximal profit on £20,000? Stocks? Shares? Annuity? Or just keep it in an ISA for a while...What would you do?

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Reply 1

Bassetts

All on red. Or black if you prefer.

Reply 2

Ykhan

Me I would put 5000 in a normal savings account not a isa, and then put the full amount you can into a stocks isa and then enjoy the rest

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Reply 3

xoxAngel_Kxox

Personally I'd invest in property, but that might not be possible if the area you live in isn't as cheap (but oh so cheerful) as mine!

Other than that.. ISA, decent savings account.. until you need it for maybe a deposit on a flat.

Reply 4

sosadsosad

Ask my dad what I should do with it, and then do whatever he says.

Reply 5

Clementine101

Buy a car, save the rest in a high interest bank account until I've saved enough to buy a house

Reply 6

-=|Jay|=-

I'm struggling with this question right now. After I pay for my Masters I'll have about this much left..

I was looking in to buying a house to rent out to students. (~20% down payment).

(edited 10 years ago)

Reply 7

mylifeisover999

Original post by BeautifulPotato

How could I get maximal profit on £20,000? Stocks? Shares? Annuity? Or just keep it in an ISA for a while...What would you do?

I'm also pondering what to do with 20k.

Here's an idea .. we combine our wealth, buy a flat and live happily ever after. How about that my dear?

Reply 8

username1039383

i'd treat my familyyyyyyyyyy. they really deserve it

Reply 9

lubus

If I knew what to do with 20k, I wouldnt be on here but following out that strategy. Same goes for anyone replying on here.

My 2 cents would be low-yield bonds.

Reply 10

Willum Infanta

I was gonna say bail my family out of their debts but I'm not sure how much that would leave me with :erm:

Reply 11

rickfloss

Original post by Bassetts

All on red. Or black if you prefer.

very good suggesstion

if you arent afraid of risks, you should learn how to create a each way book on extra places.

Or you could bonus whore that 20k,

Reply 12

Jaegon Targaryen

1 Night in Caesars Palace , Las Vegas

Reply 13

Rakas21

Assuming you have no extra income and don't need quick access then there's plenty you can do that's tax free..

1) Fill up your ISA allowance (£10k in a stocks and shares one - bull market so you'll probably be fine with a FTSE 100 tracker)

2) Tax threshold goes to £10k in April 2014 so if you have no job you can find high interest savings accounts and pay no tax

If you do need quick access and have a job then i'd scrap number 2 and invest on the stock market.

(edited 10 years ago)

Reply 14

Alfissti

Invest it in arable land :smile:

It's now one of the few investments that if you buy at a correct location you will get double digit returns.

Reply 15

Quady

Original post by BeautifulPotato

Annuity?

You have zero idea what an annuity is.

Based on that I suggest nothing more complicated than a cash ISA.

EDIT
Actually with £20k a 123 account with Santandar is the best bet, 3% interest.

(edited 10 years ago)

Reply 16

lovelygirl1390

With 20k, I will travel to Japan. Going to this country is my dream, I want to see the garden with the red leaves. and I will found my medicine store.

Reply 17

Ice_Queen

Pay off my MSc debt, pay off my overdraft, give my sister some money for her wedding, then the rest in an ISA.

If I didn't have any debt or a bride-to-be, I'd shove it all in an ISA.