Invest in precious and rare metals.
My late best mate had thousands of pounds in the bank earning very little interest when he still had a mortgage on which he was paying about 4% interest. I tried to persuade him to pay off the mortgage but he insisted that he wanted to continue like that in case he 'needed cash in a hurry'.to the OP and indeed anyone else, do you have a mortgage? If so, paying off chunks gives you 2.5 to 3% straight off.
So we're about to be overtaken by werewolves? So much for the so-called Zombie Apocalypse.Buy silver. Not abstract bonds etc. but real silver. Bury it in the woods. Buy a shotgun, plenty of dried food, and guard it. You will thank me for this independent financial advice soon.
On the other, the value of shares can go up as well as down (and scanning down your list some of the sectors are in for a rocky ride), and the value of the UK stock market has gone up a lot in recent months, so you'd be buying in to what might be an overvalued market.Stocks and bonds, 9.7% this year so far, minus paying 1% fees for managing account.
Or invest in stocks that pay dividends...
Vedanta Resources (VED)
Yield: 8.94%
Industry: Industrial Metals & Mining
Brown Group (BWNG)
Yield: 8.02%
Industry: Specialty Retail
Galliford Try (GFRD)
Yield: 7.38%
Industry: Residential Construction
TalkTalk Telecom (TALK)
Yield: 7.33%
Industry: Telecom Services
HSBC (HSBA)
Yield: 7.3%
Industry: Banks – Global
Carillion (CLLN)
Yield: 7.23%
Industry: Engineering & Construction
Berkeley Group (BKG)
Yield: 7.09%
Industry: Residential Construction
Legal & General Group (LGEN)
Yield: 7.01%
Industry: Insurance – Life
Persimmon (PSN)
Yield: 6.85%
Industry: Residential Construction
Phoenix Group (PHNX)
Yield: 6.76%
Industry: Insurance Life
Standard Life (SL.)
Yield: 6.39%
Industry: Insurance – Life
Aberdeen Asset Management (ADN)
Yield: 6.12%
Industry: Asset Management
Royal Dutch Shell (RDSB)
Yield: 6.05%
Industry: Oil & Gas Integrated
BP (BP.)
Yield: 6.03%
Industry: Oil & Gas Integrated
Countrywide (CWD)
Yield: 6.03%
Industry: Real Estate Services
Amec Foster Wheeler (AMFW)
Yield: 6.01%
Industry: Oil & Gas Equipment Services
Debenhams (DEB)
Yield: 5.99%
Industry: Department Stores
The Restaurant Group (RTN)
Yield: 5.86%
Industry: Restaurants
Rio Tinto (RIO)
Yield: 5.81%
Industry: Industrial Metals & Mining
Cobham (COB)
Yield: 5.75%
Industry: Aerospace & Defense
Fast cars, champagne and fast women
Nice to have something to look forward to...when you're sitting watching ITV4, dribbling from both ends in some residential "home".
Oh, I don't personally recommend any of those dividend stocks as I've not looked into them, just examples of the types of dividends available in the UK. I'm just saying I get a better rate of return from directly investing in the stock market than I would from any bank. Even with all the ups and downs.On the other, the value of shares can go up as well as down (and scanning down your list some of the sectors are in for a rocky ride), and the value of the UK stock market has gone up a lot in recent months, so you'd be buying in to what might be an overvalued market.
I'm shopping around for a better one, as the one I started a few years ago has had increasingly lower interest rates over the last 6 months, plus I found that the interest rate drops to zero once it tops a certain amount (which it will do in a year or so, I think).
Any suggestions? My main criteria are:
Obviously, ones you recommend may be from the UK and I may not be able to use them, but at least it may give me some ideas.
- high interest
- online access
- trustworthy bank
Regards & thanks,
--- Victor.