ME Posted January 12, 2012 Report Share Posted January 12, 2012 We have just sold our house. We are moving into rented for a while until we find somewhere else. In the meantime we will have a fair bit of equity (six figures) that we need to put somewhere safe but with good access i.e. not tying it up for 30 days. What are the suggestions then boys? Split it across a few banks? Bung it under the mattress? Bury it in the garden? Spend it on guns and hookers? Quote Link to comment Share on other sites More sharing options...
Asa Bear Posted January 12, 2012 Report Share Posted January 12, 2012 Put it on red Quote Link to comment Share on other sites More sharing options...
ME Posted January 12, 2012 Author Report Share Posted January 12, 2012 Put it on red Yes, but they say once you have had black you never go back. I am confused now. Quote Link to comment Share on other sites More sharing options...
Blackpowder Posted January 12, 2012 Report Share Posted January 12, 2012 We have just sold our house. We are moving into rented for a while until we find somewhere else. In the meantime we will have a fair bit of equity (six figures) that we need to put somewhere safe but with good access i.e. not tying it up for 30 days. What are the suggestions then boys? Split it across a few banks? Bung it under the mattress? Bury it in the garden? Spend it on guns and hookers? Loads of room in my account, I will PM you details on how to pay it in. Blackpowder Quote Link to comment Share on other sites More sharing options...
Harnser Posted January 12, 2012 Report Share Posted January 12, 2012 Las-vegas ,hit or bust . Harnser. Quote Link to comment Share on other sites More sharing options...
BRAD1927 Posted January 12, 2012 Report Share Posted January 12, 2012 Bank details to follow my friend/pal/mucker Quote Link to comment Share on other sites More sharing options...
Vipa Posted January 12, 2012 Report Share Posted January 12, 2012 We have just sold our house. We are moving into rented for a while until we find somewhere else. In the meantime we will have a fair bit of equity (six figures) that we need to put somewhere safe but with good access i.e. not tying it up for 30 days. What are the suggestions then boys? Split it across a few banks? Bung it under the mattress? Bury it in the garden? Spend it on guns and hookers? ING direct?? Quote Link to comment Share on other sites More sharing options...
Laird Lugton Posted January 12, 2012 Report Share Posted January 12, 2012 Yes, but they say once you have had black you never go back. I am confused now. Give it too the new Scottish Fund for Independence. They'll turn it into a small fortune in no time assuming, that is, you give them a big fortune to start with. Quote Link to comment Share on other sites More sharing options...
Vipa Posted January 12, 2012 Report Share Posted January 12, 2012 Give it too the new Scottish Fund for Independence. They'll turn it into a small fortune in no time assuming, that is, you give them a big fortune to start with. very good Quote Link to comment Share on other sites More sharing options...
FalconFN Posted January 12, 2012 Report Share Posted January 12, 2012 What are the suggestions then boys? Split it across a few banks? Bung it under the mattress? Bury it in the garden? Spend it on guns and hookers? If it's a choice between these then, probably the last. But if you are open to new and exciting ideas, are clever and handsom - then you could always by my special magic beans. Quote Link to comment Share on other sites More sharing options...
Billy. Posted January 12, 2012 Report Share Posted January 12, 2012 Max out on the premium bonds. Then stick the rest somewhere else. Quote Link to comment Share on other sites More sharing options...
ME Posted January 12, 2012 Author Report Share Posted January 12, 2012 ING direct?? Yes, we have an ING account for our tax money, but not comfortable with having all our (nest) eggs in one basket. Quote Link to comment Share on other sites More sharing options...
Vipa Posted January 12, 2012 Report Share Posted January 12, 2012 (edited) Max out on the premium bonds. Then stick the rest somewhere else. Not a bad shout at all... capital is safe, only makes up a small portion of your dosh and...... you never know...£££££££££££££££££££££££ From memory though, I think it takes a couple of weeks to extract your cash, although no obstacles or fines, just administration delays. Paul Edited January 12, 2012 by Vipa Quote Link to comment Share on other sites More sharing options...
weejase Posted January 12, 2012 Report Share Posted January 12, 2012 Put it on red Wesley say`s...always bet black Quote Link to comment Share on other sites More sharing options...
Nicky T Posted January 12, 2012 Report Share Posted January 12, 2012 Well done on selling the house - that's an achievement alone, let alone walking away with a six figure sum in equity! Quote Link to comment Share on other sites More sharing options...
notsosureshot Posted January 12, 2012 Report Share Posted January 12, 2012 Be aware that government savings protection (FSCS) only extends to the first £85k per deposit account per bank. Rather important if you're storing over that amount. See here: http://www.fscs.org.uk/ Quote Link to comment Share on other sites More sharing options...
ME Posted January 12, 2012 Author Report Share Posted January 12, 2012 Well done on selling the house - that's an achievement alone, let alone walking away with a six figure sum in equity! Indeed Nick, that's why we are gonna take the cash and get out. It also puts us in a great position to buy. The equity is great but we couldn't buy a decent house down here for anywhere near the money we have, so it will only ever be tied up. In hindsight, if I had taken a few more risks in the '90's then it would have been more, ho hum! (coulda/shoulda/woulda!) My next mortgage commitment is enough to make the bravest of bottoms twitch. :unsure: Quote Link to comment Share on other sites More sharing options...
Nicky T Posted January 12, 2012 Report Share Posted January 12, 2012 Exactly what we did, although we were a figure short on the equity Best of luck with the new house and move Quote Link to comment Share on other sites More sharing options...
fenboy Posted January 12, 2012 Report Share Posted January 12, 2012 use the cash to purchase 500.000 cartridges sit on them for a year and reap the rewards the rate they are going up you will make a tidy profit !!!!!!!!! Quote Link to comment Share on other sites More sharing options...
DSPUK Posted January 12, 2012 Report Share Posted January 12, 2012 ME We did same at end of 2008 - sold then rented - what a nightmare - couldn't rent because we had no abode - couldn't invest the money because we had no current utility bills - fortunately SWMBO had a account in Nationwide so half went in there and other half went into "Icesave" Yo Ho !! - because we hadn't got the money and we are retired (No income except pension) struggled to rent but proved we could cover three month with Premium bonds -- in end it all worked out- Gov giving us our money back - rented - saved at 6% (I could do with 6% now)- bought a bungalow and done it up. I think Tesco do a internet saver at 2.75% - you can put in and take out with no penalty which is about all you will get in this day and age - Max withdrawals is £10k a day but they are all the same. Good luck dave Quote Link to comment Share on other sites More sharing options...
ME Posted January 12, 2012 Author Report Share Posted January 12, 2012 ME We did same at end of 2008 - sold then rented - what a nightmare - couldn't rent because we had no abode - couldn't invest the money because we had no current utility bills - fortunately SWMBO had a account in Nationwide so half went in there and other half went into "Icesave" Yo Ho !! - because we hadn't got the money and we are retired (No income except pension) struggled to rent but proved we could cover three month with Premium bonds -- in end it all worked out- Gov giving us our money back - rented - saved at 6% (I could do with 6% now)- bought a bungalow and done it up. I think Tesco do a internet saver at 2.75% - you can put in and take out with no penalty which is about all you will get in this day and age - Max withdrawals is £10k a day but they are all the same. Good luck dave We are renting a house round the corner from my brother at a very reasonable rate. It is already empty and we can't wait to get in there. It is a lovely house. I will look into those two, cheers Quote Link to comment Share on other sites More sharing options...
petethegeek Posted January 12, 2012 Report Share Posted January 12, 2012 Max out on the premium bonds. Then stick the rest somewhere else. Not a bad shout at all... capital is safe, only makes up a small portion of your dosh and...... you never know...£££££££££££££££££££££££ From memory though, I think it takes a couple of weeks to extract your cash, although no obstacles or fines, just administration delays. http://www.nsandi.com/savings-premium-bonds?tabid=g#cashing-in1 By post: We’ll issue your payment within eight working days of receiving your form, unless you ask us to defer payment until after the next prize draw. or online/phone: We’ll normally initiate your payment within three working days of receiving your instructions, unless you ask us to defer payment until after the next prize draw. Once we've issued your payment, you'll normally receive it within two working days. The other thing to watch though is the time you need to hold them before you will be entered into the draw: http://www.nsandi.com/savings-premium-bonds?tabid=c#whenenterdraw You’ll need to hold your Bonds for a full calendar month following the month you bought them before they become eligible to win prizes. For example if you buy Bonds in March, they will be eligible for the May draw onwards. As an alternative, why not use it to go for one of the new tlds and consolidate all your websites under one banner? Quote Link to comment Share on other sites More sharing options...
Cosd Posted January 12, 2012 Report Share Posted January 12, 2012 Some very good bank rates on offer in Greece! Quote Link to comment Share on other sites More sharing options...
yates Posted January 12, 2012 Report Share Posted January 12, 2012 You'll be able to invest in a few more "artistic" calendars now Quote Link to comment Share on other sites More sharing options...
Sprackles Posted January 12, 2012 Report Share Posted January 12, 2012 Well funnily enough, I used to manage a very large fund of about 30,000,000 usd for a client who is now sadly demised in Nigeria. If you send me details of where you bank it, I will help you mutiply your money tenfold by claiming you are a relative. There may be a few pounds to pay upfront in release fees etc but rest assured, It will be profitable. Quote Link to comment Share on other sites More sharing options...
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