willay
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Are they worth it?
Just going through some, theres a Direct ISA (1k min) and Mini Isa (£10 min) but are they really worth it?
Even if I was to spank my bank and put 3K into savings for the year I get a whole wooping £150 tax free pounds back after a year.
Fair enough its a good return for sitting on your arse and doing absolutely fuck all but is there something I'm missing here? Just seems the money could probably be invested elsewhere with a better return, even if it was buying and selling shit?
Those of you in the know please let me know the bigger picture, my vision on ISAs is somewhat narrow.
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Cosmo
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Its an extremely low risk (no risk?) tax free investment, so if thats the sort of thing you are after then its good for you, as probably better than sitting in a bank account earning interest but paying tax.
If you want to risk it a bit more then of course their are different types of investments you could make, but you have to weigh up the risk involved and the return you'll get after tax on these.
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SAL
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meh, put the money into the corsa 
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willay
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Well I don't have enough capital to start using it on high risk stuff like shares or futures.
The idea of penny shares has always been thrown past me but even then I really do need money I can piss up the wall. I know if I buy something to sell I'm expected to at least scrape back a bit of it 
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willay
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quote:
Originally posted by Stavs
meh, put the money into the corsa
When my bonus comes through hopefully I will go to town with the corsa 
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Marc
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I've got an ISA and a stocks and shares ISA. The ISA returns decent interest so I think is worthwhile, currently got 3k in it so should see around £180. The stocks and shares ISA doesn't appear to be very good for my money at the moment though. I have 1k in it and the highest it went was up by £30. At the moment its down to £901. They say it should be seen as a 5 year investment, if it carrys on like this though I may reconsider. Then I've got 1k in Premium Bonds which has returned nothing in over 5 years. If that was in an ISa I would have had £300 in interest gained over that time.
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willay
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like i said, its not bad for money thats just sitting on its arse. But not very exciting is it
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Tommy L
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go to a casino and try and double it up 
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willay
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last time I went to the casino I went with Corsasport, made some proper losses, and everyone else had done well
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Tommy L
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your time will come. Thats what i keep telling myself
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Marc
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quote:
Originally posted by willay
like i said, its not bad for money thats just sitting on its arse. But not very exciting is it
I was looking at proper stocks and shares but didn't really understand it and could find anything on the internet that gave me a clue as to how to invest in any! Most of the firms that I looked at on the stock exchange were doing well to so it wasn't a good time to invest as I wouldn't get many shares for my money. Thats why I opted for the less ricky stocks isa which so far has been shit!
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Cosmo
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you best bet with smaller amounts (£5k+) is probably buying into a fund and allowing someone else to do the investing for you. They'll usually have a large fund and send you weekly/monthly reports of how its doing and how much you've made/lost.
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Colin
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There ok for all you have to do with them, which is stick some cash in & forgetabout it. I should see around £400 interest this year....not bad for doing nothing with cash I dont need!!
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willay
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Me and my boss have talked about doing penny shares, basically looking at tech companies which are up and coming and throwing cash at them to see how they do. Technology/computers is my profession and passion so it would help.
For stuff like FTSE100 I just dont have the money to throw away and say  to.
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Marc
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quote:
Originally posted by Cosmo
you best bet with smaller amounts (£5k+) is probably buying into a fund and allowing someone else to do the investing for you. They'll usually have a large fund and send you weekly/monthly reports of how its doing and how much you've made/lost.
Halifax send me various graphs and statement reports on my investor.
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Cosmo
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quote:
Originally posted by willay
Me and my boss have talked about doing penny shares, basically looking at tech companies which are up and coming and throwing cash at them to see how they do. Technology/computers is my profession and passion so it would help.
With the current and forecasted financial climate even with peny stocks you could be to your cash!
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willay
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quote:
Originally posted by Cosmo
you best bet with smaller amounts (£5k+) is probably buying into a fund and allowing someone else to do the investing for you. They'll usually have a large fund and send you weekly/monthly reports of how its doing and how much you've made/lost.
Scary aspect shoving it into a fund, I'm reading about funds every day fucking up royally because of how the markets are atm.
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Cosmo
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quote:
Originally posted by Marc
quote:
Originally posted by Cosmo
you best bet with smaller amounts (£5k+) is probably buying into a fund and allowing someone else to do the investing for you. They'll usually have a large fund and send you weekly/monthly reports of how its doing and how much you've made/lost.
Halifax send me various graphs and statement reports on my investor.
Congratulations 
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willay
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quote:
Originally posted by Cosmo
quote:
Originally posted by willay
Me and my boss have talked about doing penny shares, basically looking at tech companies which are up and coming and throwing cash at them to see how they do. Technology/computers is my profession and passion so it would help.
With the current and forecasted financial climate even with peny stocks you could be to your cash!
Yeah sure, but its pennies and not pounds. Thats the whole point!
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Cosmo
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quote:
Originally posted by willay
quote:
Originally posted by Cosmo
you best bet with smaller amounts (£5k+) is probably buying into a fund and allowing someone else to do the investing for you. They'll usually have a large fund and send you weekly/monthly reports of how its doing and how much you've made/lost.
Scary aspect shoving it into a fund, I'm reading about funds every day fucking up royally because of how the markets are atm.
they'll take hits, big hits at times, but any decent broker in charge of a sizeable fund should see most things coming and try to prevent losses as much as possible.
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willay
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Perhaps I should just do the old fashion buying shit and selling it on ebay to stupid people 
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willay
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quote:
Originally posted by Cosmo
they'll take hits, big hits at times, but any decent broker in charge of a sizeable fund should see most things coming and try to prevent losses as much as possible.
True, even with 5k invested into something high risk, thats alot of money to a 22 year old. BTW A few decent brokers didnt see the Yahoo thing coming
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Cosmo
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http://www.wh-ireland.co.uk/ukgrowthtrust.asp
My Dad knows the guy who runs that fund personally, he is in charge of his personal share portfolio worth a fair amount, and he also has a fair amount in this fund itself.
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Marc
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quote:
Originally posted by Cosmo
Congratulations
Thanks. 
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willay
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thanks for the link Cosmo
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