best way to invest 30k

If you are not working , presumably investing some of it into hardware that you could start a one man business with would be a good start.

Avoid franchise schemes IMO. small scale stuff such as spray cleaning wheely bins you can do yourself and start small is what you want.

Around here they want to charge £3.00 / bin with a discount for a year in advance.

I would buy the max 30k in premium bonds

Not a clue, without knowing if you want long term or short term investments, and how much risk you are preparded to take

Will this amount of cash affect any benefit entitlements ?

You could turn it into millions with the right about of luck :-)

Tons of work and hassle, if you want to invest in property a managed fund is a lot easier.

LOL

Irma

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You wouldn't be laughing if he won!

Buy shares in Standard Life.

Train to become a plumber.

It probably would....

Daytona

Daytona

Im sorry ?. I have the max £30k in bonds and I AM laughing !!!!

Remove antispam and add 670 after bra to email

My point exactly. Each month a cheque or three, the capital is still there if needed. The enjoyment of the tax free cheques is hard to describe, I find.

mrcheerful

The capital is eroding at inflation rate, though, since you're not re-investing the cheques by buying more bonds, and the notional average interest rate is in any case pretty low. For someone who is neither a higher rate taxpayer nor a gambloholic, premium bonds are just not a sensible investment.

So what average annual level of prize money do you receive?

They may not be related facts...

Jim.

But how much? I mean, in total? Have you worked out what you could be getting through traditional investments? And that would be a predicatble return, not the hit and miss affair of Ernie, who might only pay low value prizes - or nothing at all for six months. I have had £100 in the PB scheme since 1967 and have yet to win a single penny! Needless to say, I am not impressed. Whether I would tie up £30K in PBs, if I had it to spare, quite honestly, I doubt it. I could be better off buying a top notch vintage car and keeping it for five years. I haven't seen green label Bentleys losing value! (Not that £30K would get you one, of course...)

MM

You have to be in it to win it. For example,last month a total of seven,yes seven cheques,all £50,total £350. Theres the odd month when nothing comes but generally something does...

Remove antispam and add 670 after bra to email

Surely they don't send seven separate cheques in seven separate envelopes? If so no wonder they've had to cut the interest rate to pay for postage. As someone said recently on here - it's unbelievable they don't at least offer the option to pay winnings direct into bank accounts. Cheques are a PITA.

They're not even sensible for a gambloholic - the skew towards the trivial end of the prize scale makes them pretty boring for someone who likes a gamble.

Vintage cars are a terrible investment, mainly because of the high cost of physically keeping them.

The money is not really tied up in premium bonds because you can get it back in a very short time.

mrcheerful

I wish I still had my 1934 Morris 8, a 1940-ish Wolseley, a pre-war Hillman, and many others, nearly all bought for a fiver or so. Nowadays they'd all worth at least 5 grand apiece, a roughly 99900% increase since 1960. Conversely, my father's smallholding was bought for £5,500 in 1957 and recently sold (by the second or third owner since then) for around £350,000. That's 6232% over a slightly longer period.

MM