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-   -   Where to put your money?? (https://britishexpats.com/forum/spain-75/where-put-your-money-562449/)

SUPERPOT Sep 21st 2008 5:03 am

Re: Where to put your money??
 
used cooking oil as they reckon its going to become the "new" fuel in cars etc?!?!?!?!?!!
I know someone in th UK who has been doing this for years and his supplier was the local indian takeways!

Rotor Sep 30th 2008 10:01 pm

Re: Where to put your money??
 
Ive bumped this as I think its becoming more important every day and some of the blind may now accept the world economy is in dire straights,
So ideas for safest way to look after your savings? ,okay your gauranteed your money wont be lost by the UK banks if you spread it around but will it be worth anything in 2-3 years due to the "real" inflation rate?:confused:

Lionda Sep 30th 2008 10:05 pm

Re: Where to put your money??
 
Are premium bonds (ERNIE) still a safe bet? I know some people who have a regular income from investing a few thousand in premium bonds.

mikelincs Sep 30th 2008 10:43 pm

Re: Where to put your money??
 

Originally Posted by Lionda (Post 6835288)
Are premium bonds (ERNIE) still a safe bet? I know some people who have a regular income from investing a few thousand in premium bonds.

well the money is safe. BUT you will get no interest unless you win, and as I've had some since they first came out, and never won, they have lost a lot of value.

Casa Santo Estevo Oct 1st 2008 2:17 am

Re: Where to put your money??
 
Has anyone noticed the advert that sometimes is at the bottom a thread? It is for Bradford and Bingley International!


http://smilies-gifs.com/dinero/6dinero.gif

crispy Oct 1st 2008 2:36 am

Re: Where to put your money??
 

Originally Posted by Lionda (Post 6835288)
Are premium bonds (ERNIE) still a safe bet? I know some people who have a regular income from investing a few thousand in premium bonds.

We have lost a vast amount of money this year with our investments so we cashed them in (OK lost a couple of grand doing this but we were loosing £100 a day so better the devil you know) and put it into premium bonds we have won £50 a month since doing this. Not much compared to the % we were promised from our off shore investments but at least what we have left is safe and a little winnings on top for good measure. Maybe when the credit crunch is over we will look to something else with it.

crispy Oct 1st 2008 2:41 am

Re: Where to put your money??
 

Originally Posted by mikelincs (Post 6835372)
well the money is safe. BUT you will get no interest unless you win, and as I've had some since they first came out, and never won, they have lost a lot of value.



Hi Mike you should cash your old bonds in and buy new ones, if your bonds have not won in 18 months then you should do it there's no restrictions on the amount of time you do this.

Friends here in Spain (there Brits) have won £50 pounds each month for the last two years, they have bonds in each name and one of them win every month. I bought some last month can't wait for the million:rofl:

mikelincs Oct 1st 2008 3:58 am

Re: Where to put your money??
 

Originally Posted by crispy (Post 6835929)
Hi Mike you should cash your old bonds in and buy new ones, if your bonds have not won in 18 months then you should do it there's no restrictions on the amount of time you do this.

Friends here in Spain (there Brits) have won £50 pounds each month for the last two years, they have bonds in each name and one of them win every month. I bought some last month can't wait for the million:rofl:

I've only got 4 gbp pounds worth, don't think you can get as few nowadays..:ohmy:

debandsie Oct 2nd 2008 9:56 pm

Re: Where to put your money??
 
The safest bet is now to put all savings into irish banks as they have announced that they will guarantee all savings with no upper limit.
Oh and weve always done well out of premium bonds.:thumbsup:

betris Oct 3rd 2008 3:30 am

Re: Where to put your money??
 
If you invested a £1000 with northern rock 12 months ago.today it would be worth today £4.95.
If you invested £1000 with HBOS a week ago it would now be worth £16.50.
If you invested £1000 with XL liesure it would be worth less than £5 today.

But if you bought a £1000 of tennants larger a year ago and drank it all. then took the cans back to the alloy recycling plant you would get £214.
so based on the above statistics.the best current investment advice is to drink heavly and recycle

jdr Oct 3rd 2008 4:06 am

Re: Where to put your money??
 

Originally Posted by betris (Post 6841828)
If you invested a £1000 with northern rock 12 months ago.today it would be worth today £4.95.
If you invested £1000 with HBOS a week ago it would now be worth £16.50.
If you invested £1000 with XL liesure it would be worth less than £5 today.

But if you bought a £1000 of tennants larger a year ago and drank it all. then took the cans back to the alloy recycling plant you would get £214.
so based on the above statistics.the best current investment advice is to drink heavly and recycle

http://bestsmileys.com/lol/4.gif

jurdyr Oct 3rd 2008 4:55 am

Re: Where to put your money??
 
ja ja ja :beer::beer::beer: and more

suzis minion Oct 16th 2008 2:16 pm

Re: Where to put your money??
 
This Monday, 20th, I think I shall consider investing 35,000 in the personal pension plan of poor, little Joe Shoemaker
:curse::curse::curse::curse:

Lionda Oct 16th 2008 10:56 pm

Re: Where to put your money??
 

Originally Posted by mikelincs (Post 6836182)
I've only got 4 gbp pounds worth, don't think you can get as few nowadays..:ohmy:

That's right - you can only buy in blocks of £100 nowadays :huh:

Same Difference Oct 17th 2008 5:13 am

Re: Where to put your money??
 

Originally Posted by betris (Post 6841828)
If you invested a £1000 with northern rock 12 months ago.today it would be worth today £4.95.
If you invested £1000 with HBOS a week ago it would now be worth £16.50.
If you invested £1000 with XL liesure it would be worth less than £5 today.

But if you bought a £1000 of tennants larger a year ago and drank it all. then took the cans back to the alloy recycling plant you would get £214.
so based on the above statistics.the best current investment advice is to drink heavly and recycle

Omg just seen this Betris and pmsl......:rofl::rofl::rofl:


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