News1 min ago
investment interest
4 Answers
what is the best way to get interest with 200 thousand pounds cash with no risk on a monthly basis.
Answers
Best Answer
No best answer has yet been selected by xanti. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
-- answer removed --
I would imagine xanti has made his 200 thousand from STR and therefore realises investing in property at the top of the cycle is crazy.
If you have actually watched the million pound property experiment they didn't make �1,000,000 they made about �200,000 and that was over the course of a year by 2 highly experienced property developers with plenty of free stuff stuck in because it was on TV.
One word of warning with banks is that if the bank goes bust only your first �30,000 is secured. It's a good idea to spread it around a bit. The likelyhood of Braclays going pop are slim but you never know.
Definatly a case of using you full tax free allowance in the form of isa's.
If you have actually watched the million pound property experiment they didn't make �1,000,000 they made about �200,000 and that was over the course of a year by 2 highly experienced property developers with plenty of free stuff stuck in because it was on TV.
One word of warning with banks is that if the bank goes bust only your first �30,000 is secured. It's a good idea to spread it around a bit. The likelyhood of Braclays going pop are slim but you never know.
Definatly a case of using you full tax free allowance in the form of isa's.