View Full Version : What to do with 40,000????

9th Oct 2008, 15:05
Hi folks.

Not meaning to boast during the credit crunch, but looking for some help.

I have just withdrawn the above amount of money from my savings account as combined with an ISA in the same company I was well over the 50k threshold.

Any suggestions on what to do with it or where to stash it? I already have a nice house & flash car.

Looking for both sensible & crazy suggestions.


green granite
9th Oct 2008, 15:09
I'll pm you my bank account number so that you can pay it straight into my account, :E

9th Oct 2008, 15:17
I think my Mum's got that much,at least,
under her matress. :D

Needs a stepladder to get into bed!!!!!!

Der absolute Hammer
9th Oct 2008, 15:25
See you if you can lend it to Landski Bank at 25% pa interest so that they can pay Westminster City Council part of the 17million that they-WCC-have lost with Landski.
Ifyou want play Socialst. Transport London loar 25 million.

9th Oct 2008, 15:26
I'm sure there's a sizeable % of wimmen out there who would be pleased to assist you with unburdening yourself of such a worry. I understand that Bob Jane, the Aussie tyre king, previously owned one of these types of wimmen, and she did a grand job on his excess coin, with the result she nearly bankrupted his massive and exceptionally profitable tyre corporation. The last news item I saw on her, she was wailing she couldn't survive on the AU$800K annual allowance she had been given .. :ugh:

$800,000 a year not enough for Laree Jane, court hears | Herald Sun (http://www.news.com.au/heraldsun/story/0,21985,23738212-2862,00.html)

9th Oct 2008, 15:37
Wait a few more months and then spend it on a property somewhere you fancy for holidays/renting out.

9th Oct 2008, 15:46
What an extraordinary coincidence?! As it just so happens, I shall (all going well) be launching a new French company specialised in the supply of equipment, spare parts and services to the superyacht industry at the beginning of 2009. I currently have 2 serious potential investors who will come up with about 50% of the initial capital requirements. They're still waiting for my business plan which will be forthcoming towards mid-December. However, I was counting on the bank to come up with the other 50%, which day by day, now looks increasingly unrealistic. So will probably be looking for another 50,000 or so.

I have 23 years overall experience in the industry, 17 years 'actually doing what I propose to do' for a well-known company already, in the new business, with some important differences. Interesting or what?! BTW, if you're going to be 3 now, you'd better fight amongst yourselves because I still want 60% of the new company to begin with. Especially as I'm going to have to sleep in the corner of the warehouse until such time as there's sufficient income to warrant a salary greater than the SMIC (minimum wage to the uninitiated). Unless of course, you'd be happier with a 'golden welcome or parachute'...?! :p

Hey?! It's one way to rid yerselves of airship's sometimes unfathomable postings. I'd be a lot busier if I was actually running a business, certainly wouldn't find the time to post here as often as before. OK, I need one of those suspended dossier cabinets under my new office desk in the new company - so that I can keep the William & Lawsons bottle upright. Next, ice-cube machines - are there Coca Cola vending machines that also dispense ice-cubes one wonders...?!

9th Oct 2008, 15:54
onetrack, it won't come as much of a surprise to many here that your link almost prompted me to vomit. I'll say no more. Money grubbing bitch.

9th Oct 2008, 16:26
Green Granite

Pm your bank account details & all your passwords etc & i will deposit the money in your account. Oh, I need 500 from you as a handling fee to release the funds.:ok:

9th Oct 2008, 16:32
Why not apply to buy Iceland?

9th Oct 2008, 16:40
Shy Torque, It sounds a nice sugestion, but what will he do with the other
39.999K. :E

9th Oct 2008, 16:47
Buy Stocks In Fish-fingers!!!

9th Oct 2008, 16:48
Buy some gold...safe as houses!

(Maybe that's a bad analogy...safe as houses used to be!)

9th Oct 2008, 16:53
Golden fish fingers then?

9th Oct 2008, 17:09
You could deposit it in National Savings!

9th Oct 2008, 17:26
Invest it in National Savings?
How bl**dy boring can you get?

Splash out! Invest it in your local Brewery!
We'll all be hittin the booze before long.
Drownin our sorrows!!!

Can't fail! :D

9th Oct 2008, 17:45
Become a loan shark.

See them doing a roaring trade soon.

Whats to stop someone becoming a credit union and undercut the banks.

40,000 would get the ball rolling.

Flap 5
9th Oct 2008, 17:49
Avoid the banks which are in share ownership. Go for Nationwide which is still a building society.

9th Oct 2008, 17:53
Thanks, keep the replies coming

Flap 5, the money has just came out of the Nationwide.

9th Oct 2008, 18:01
If there was a chance you may have lost it since it was over the threshold, assume it was lost, go to Vegas, have a holiday and place the residue on red. You might come back asking what to do with 75k or just done what all the bankers have been doing with our pension funds.

9th Oct 2008, 18:08
Have you never seen Passenger 57?
Wesley Snipes - Always bet on Black!

9th Oct 2008, 18:15
On a serious note, I have maxed out my cash ISA for the year, but don't have the "share related" one, Do you reckon now would be a good time to get one with shares having dipped?

9th Oct 2008, 18:42
Isn't it either or: if you have the 3600 cash ISA you cannot also hold share ISA?

Squeegee Longtail
9th Oct 2008, 20:11
...you could send some to this poor sod:

October 5th 2008

Good Day,

As much as I would love not to disturb you with my mail, the truth is that I NEED HELP, I NEED IMMEDIATE HELP FROM you to get out of this present predicament that has bedeviled my life in the last 72hours.

"Sorry I got your email from an email directory I stumbled into while seeking help from every possible direction".

My name is John Martin Cornell a citizen of the United States. I was to attend a lecture seminar organized by a Non-Governmental organisation somewhere in the volatile region of West-Africa titled "Empowering youths to fight HIV/AIDS, Poverty, Illitracy and youth restiveness". This program was scheduled to take place in Nigeria, Ghana and Ivory Coast.

As I speak to you now I AM STRANDED IN NIGERIA, I WAS ROBBED AND STRIPPED OF ALL MY BELONGINGS by the Taxi driver who was to convey me to my hotel room from the airport. Now I am so stranded that I cannot even afford food to eat not to talk of paying the hotel bills. The hotel manager is already threatening to kick me out of the hotel within the next 3days.

I have made several calls and sent several emails to the US embassy and the appriopriate authorities here in Nigeria all to no avail, I have also attempted to make contacts with my family but nothing seem to be working in my favour. I AM SUFFERING! I AM REALLY SUFFERING HERE!! I need to get back home as quickly as I can before I get killed by these OILWAR MILITANTS terrorizing the entire neighbourhood on a daily basis.

I am therefore appealing that you PLEASE COME TO MY AID as quickly as you can. My hotel biil is already about $723.00US plus about $234.00US fare to the US embassy here in Nigeria which comes up to about $957.00US.

PLEASE HELP ME ON THIS, I'M ALREADY SUFFERING PSYCHOLOGICAL DEPRESSION and anything you can do to help will be greatly appreciated and I'll pay back as soon as I get back home.


If you are willing to come to my aid, you can reach me through my email since I don't a phone for now and I can only check my email for 30minutes in the town library just about 500m from the hotel.

Email: http://www.pprune.org/?emailimage=ef35bfe19dbddd8b592312f904198335

My home address in the US is stated below;

5211 Pacific Concourse Dr.
Los Angeles, CA 90045-6907

Hotel Address in Nigeria

Yasmin Hotel,
No.16 Okoroji Str.,

Ads by Google
Prevent Bank Fraud Scams (http://pagead2.googlesyndication.com/pagead/iclk?sa=l&ai=BikJJmVbuSIu5II2w6gX2icjhDqumxm-1wpKRDMCNtwGAiCcQARgCIIGSjBA4AFD85ryhBGD7-Y2DtAqgAdqKiv8DsgEOd3d3LnBwcnVuZS5vcme6AQoxMjV4MTI1X2pzyAEB2 gFFaHR0cDovL3d3dy5wcHJ1bmUub3JnL2pldC1ibGFzdC8zNDU3ODctaW0tc mljaC1yaWNoLWktdGVsbC15b3UtMi5odG1sgAIByALptdcBqAMB6ANh6AOIB OgDxwToAwf1AwAAAAD1AwRAAACIBAGQBAGYBAA&num=2&adurl=http://www.cloudmark.com/landing/%3Fprod%3Ddesktop%26src%3Dgoogle%26cid%3Dsa080932&client=ca-ib_employment_sede_1)
Cloudmark Desktop Spam Blocker. PC Magazine - Editor's Choice. (http://pagead2.googlesyndication.com/pagead/iclk?sa=l&ai=BikJJmVbuSIu5II2w6gX2icjhDqumxm-1wpKRDMCNtwGAiCcQARgCIIGSjBA4AFD85ryhBGD7-Y2DtAqgAdqKiv8DsgEOd3d3LnBwcnVuZS5vcme6AQoxMjV4MTI1X2pzyAEB2 gFFaHR0cDovL3d3dy5wcHJ1bmUub3JnL2pldC1ibGFzdC8zNDU3ODctaW0tc mljaC1yaWNoLWktdGVsbC15b3UtMi5odG1sgAIByALptdcBqAMB6ANh6AOIB OgDxwToAwf1AwAAAAD1AwRAAACIBAGQBAGYBAA&num=2&adurl=http://www.cloudmark.com/landing/%3Fprod%3Ddesktop%26src%3Dgoogle%26cid%3Dsa080932&client=ca-ib_employment_sede_1)

www.cloudmark.com (http://pagead2.googlesyndication.com/pagead/iclk?sa=l&ai=BikJJmVbuSIu5II2w6gX2icjhDqumxm-1wpKRDMCNtwGAiCcQARgCIIGSjBA4AFD85ryhBGD7-Y2DtAqgAdqKiv8DsgEOd3d3LnBwcnVuZS5vcme6AQoxMjV4MTI1X2pzyAEB2 gFFaHR0cDovL3d3dy5wcHJ1bmUub3JnL2pldC1ibGFzdC8zNDU3ODctaW0tc mljaC1yaWNoLWktdGVsbC15b3UtMi5odG1sgAIByALptdcBqAMB6ANh6AOIB OgDxwToAwf1AwAAAAD1AwRAAACIBAGQBAGYBAA&num=2&adurl=http://www.cloudmark.com/landing/%3Fprod%3Ddesktop%26src%3Dgoogle%26cid%3Dsa080932&client=ca-ib_employment_sede_1)

http://static.pprune.org/images/statusicon/user_online.gif http://static.pprune.org/images/buttons/report.gif (http://www.pprune.org/report.php?p=4441346) http://static.pprune.org/images/buttons/reply_small.gif (http://www.pprune.org/newreply.php?do=newreply&p=4441346&noquote=1)

Loose rivets
9th Oct 2008, 22:03
On a superbely laid out scam, I asked the bloke what his house looked like...where it was in the road etc., I could see it on Google Earth plain as day. Thre were only five large houses, and the number of 'his house' was several hundred. When I mentioned the FBI popping up on their page, they vaporized.

9th Oct 2008, 22:07
Send it to me I have an Irish Account fully backed and guaranteed by the Irish Government 100,000 euros safe as houses:ok: I'll only charge you 1.5% over base as a handling fee.

Strange I get this image of a wee Leprechaun called Brian aimlessly searching for that elusive pot of Gold at the end of a rainbow;)

Scumbag O'Riley
9th Oct 2008, 22:15
Hi folks.

Not meaning to boast....Invest in yourself, spend it on a CPL/IR :ok:

Flap 5
9th Oct 2008, 23:05
Why would you take your money out of the Nationwide? It's not a bank. It's shares cannot be forced down in value as it doesn't have any. As a building society it has to be one of the safest locations to keep your money. It also has one of the best capital to loan ratios.

Of course you could always spread your money into another Iceland type location. Personally I would rather keep my money where it is safe.

John Hill
9th Oct 2008, 23:49
Turn it into liquid assets then drink the lot, it is the only way to be safe.

Metro man
10th Oct 2008, 00:30
Send it to me, I am dealing with a Nigerian who has promised me a share of US$20 000 000. He needs US$10 000 to pay a tax to release the money, then I get US$7 000 000. I will split this 50/50 with you. :E

Beatriz Fontana
10th Oct 2008, 08:42
I was thinking about going into business as a private consultant. Giving stupidly obvious advice for an extortionate fee. Can't fail!

Flap 5
10th Oct 2008, 09:12

There are reasons why you would not withdraw money from the Nationwide. Firstly is the reason I have already said. Secondly where would you put it? Clearly many councils around the country thought Iceland were a good place to put their (our) money despite warnings over the last year. They spread their money and now are in grave danger of losing it that portion of their money.

The Coventry is another building society and therefore, like the Nationwide, doesn't suffer from share falls / takeovers. I would say they are another good place to put your money.

Yoy are obviously a savvy financial person. Many others are not. They may well have put their money in Iceland as well - purely on the best saver tables on Fool and other websites.

10th Oct 2008, 10:04
Was thinking last week of moving it to Kaupthing but because I am a lazy [email protected] I never got round to it. For once it paid off.

For the last few weeks, as Flap 5 says, financial websites have been recommending the Icelandic banks as great saving opportunities.

I know the Nationwide is a secure place to have money, which is why I have my ISA there which is maxed for the year. I closed down my other Nationwide account as with the 2 combined, I had 50k+ so I didnt want to take needless risks.

Speechless two - Thanks for the advice on the account but as I am in my 20s then i am not eligible for that account.

10th Oct 2008, 10:23
Retire to Bangkok/Manila/Jakarta etc...

10th Oct 2008, 11:05
I used to work in an open plan office, with the usual mix of people. There were engineers, clerks, purchasers, secretaries, etc.

Every month, one of the senior engineers used to make a point of opening his briefcase and reading his latest bank statements at brew time when everyone else was chatting about the football, news, big brother (there were women as well), all the usual stuff.
He'd be sat there muttering to himself about how his shares were doing better than forecast by his 'financial guy' and that his savings were now up to x amount of thousands. 'Won't need my salary again this month,' was one of his favourites.
If no-one took the bait, he'd leave the statement on his desk and wander off to the coffee machine, no doubt hoping that someone would go and check it out while he was away.

I always thought it was a bit crass, but hey-ho, whatever floats your boat. He'd come back after 5 minutes or so and settle back down to another few minutes of muttering and self congratulation. After being roundly ignored, he'd put it back in his case and nothing more would be said until he did the same thing the month after.

After 6 months of this, one of the other engineers in the office wrote '******' in big letters across his statement while he was at the coffee machine (after checking he did indeed have around 62k in his account as advertised). He arrived back at his desk, picked up the statement and placed it back in his briefcase again. Said nothing.

Now DTY/LKS, this guy was a bit of a hoop. He had nothing else to say for the remainder of the month. He was getting on a bit and single, so it was to be expected he'd have a bit of cash knocking around the place.

Therefore, I can only assume that someone in their 20's asking a load of anonymous people on t'interweb how to spend a spare 40k they've found down the back of the sofa to be one of the following:
(a) on a fishing trip
(b) sat at home stroking a semi
(c) a right stuffy bastard

Oh, and all of them qualify you as a ******.

So which is it? Be honest, you can tell me. I'm a doctor.

PS. My advice is booze, drugs and whores. :sad:

10th Oct 2008, 11:20
If you keep saving up, in a few years. You could learn to fly!

Shaggy Sheep Driver
10th Oct 2008, 11:22
If you want safe (and in today's climate, you do) Building Society (not bank) bond. Skipton were offering about 6.5% PA recently one 1 year bonds.

10th Oct 2008, 11:39
If you are looking long term I would put it all in the stock market. It will give you the highest return in the long run. You are lucky to have this opportunity of gloom and doom when the indexes have tanked. The end is near, they say. That means we are near a market bottom.

You want your investment to be broadly diversified and tracking one of the market indexes. In the US, it would be called an index fund, offered by Vanguard or other mutual fund company, tracking the S&P 500 index or the Wilshire 5000 total stock market index, and with expenses no more than 0.2 percent of the investment value.

I am sure there are similar products in Europe.

Load Toad
10th Oct 2008, 11:44
Cocaine, hookers and alcohol. Do it big enough and fast enough and you'll not live to see the end of the 40K.

Say again s l o w l y
10th Oct 2008, 12:08
Buy an aircraft. You could probably get 3 for 2 at the moment!

Loose rivets
10th Oct 2008, 13:39
All this advice, and little to say how much you'll be losing every month due to inflation. I'll tell you what, it's b:mad:dy difficult to make savings stay even remotely close.

I wanna tell you a story. Many moon ago, there was a young man who more often than not, didn't have the price of a hamburger or a whole gallon of petrol. He even asked for 6d's worth one day. 2.5p. It did stretch the garage man's patience a bit, but there it was, a tanner's worth in the tank of his motorbike.

Then one day, an opportunity leaped out at him and there was the funds to get a pilot's license. 1,500 quid is what it took at 3 quid an hour, including the other odds.

After a year and a bit, the young man had a good job, which soon turned to a super job. So super that it would have enabled the purchase of one and a half detached houses a year at gross salary. A reet decent house could be had near Luton for 4,000 in them days.

Then, lo and behold, the luck fairy waved her wand again and the young man was gifted a huge pot of gold. Well, kind of. Never have to work again, fly just for fun...yey! The story tells of a very wise fairy, and a very foolish young man.

This is where the inflation bit comes in.

The young man wasn't getting any younger, and having had the advantage of wealth - gained from inflation, he expected to pull the ladder up, now that he was okay, leaving everyone else behind and simply cruise through life without bothering to search deep into his meager allocation of brain cells for the spark of wisdom gifted to all of us, but not used by...well, a few of us.

Big house, aircraft, cars, lovely family, all were his...but the fairy's plan was working...the cruel lesson's plot was falling into place.

Slowly, almost imperceptibly, it started to dawn on the not so young man, that all about him were becoming successful without the aid of a good fairy. They just slogged, and if things failed, they slogged harder, and strangest of all, they seemed happier than our man. Satisfaction in achievement, pleasure in a job well done. Our man became despondent. He had few skills in earning money...money was in the bank, and when you needed some, you simply took it out. But now the money didn't seem as good as it was when he was younger.

It simply didn't work when you offered a 'workman' two pounds to come and do a job. Soon, it didn't even work when you offered the workman 200 pounds, cash, for a day. That wasn't fair, he hadn't had two hundred pounds to his name when you sat beside him in school. Nor had his dad. Now for that sum, he wouldn't even call you to be rude about the measly offer, he'd just smile if you met him in the street, and say that he'd get to you when he could. This wasn't right.

When another school chum mentioned that he owned 11 houses, and they'd all be paid for by the time he was 50, then our man knew the truth. The painter hadn't been able to spell house when he was at school, now he had eleven of them. Our man had been totally out-classed by someone in the lowest form in the most lowly school that post war Britain provided. Again, the 'workman' seemed happier.

Then, and opportunity arose. It meant a lot of work, and risking the last dregs at the bottom of the pot. Our aging man purchased a lot of things, made them into better things and sold them again. He'd work all day and fly half the night -- or the other way round -- he'd beat himself up to stay awake sometimes but, stay awake he did, for all but a few hours a day. The tiredness was painful, but for the first time in a long while, the money seemed to be getting...not just more...but worth more. An important difference. But most important of all was the sense of achievement.

Soon, our middle-aged man was modestly wealthy again, and could by...things. He even became vaguely happy. Then, readers, do you know what he did? He decided that he'd made enough money and could cruise through life again.

The good fairy snapped her wand over her knee, and fcuked off.

Too Short
10th Oct 2008, 14:26
Just seen that the original Sooty is going up for auction soon. His guide price is 200 to 300 so even if he goes for a lot more than this, you'd still have plenty left and you'd own something very original! If you like that sort of thing...

He looks a bit tired and moth eaten though, mind you, adds to his charm and he is 60 years old this year apparently.

BBC NEWS | Entertainment | Rare Sooty puppet to be auctioned (http://news.bbc.co.uk/1/hi/entertainment/7661779.stm)


Sorry, I don't have any serious suggestions for your cash, other than donate it to me :E

10th Oct 2008, 14:38
Invest in UAE property the smarter way.
Attractive rebates available.
60% net return over 3 years.
Visit epi International - Home (http://www.epi-world.com) today!

What really got my attention though was the "60% net return over 3 years". Would that be the net return on capital of 60% + your initial capital outlay, or just 60% of your total net capital outlay returned after 3 years...?! :confused:

I always thought these sorts of advertisements were obliged to be accompanied by myriads of (small print) warnings about the value of investments going up as well as down... :uhoh:

Also, isn't the climate very hot out there. Perhaps dangerously so for those of a weaker physical disposition...?! :rolleyes:

CarltonBrowne the FO
10th Oct 2008, 16:21
40,000 would buy you a lot of canned food, with enough left over for a few shotguns...

10th Oct 2008, 16:23
This may sound a little loopy considering the markets today but if you consider any of it "mad money", I'd buy a few shares. Governments are finally begining to act concertedly to do something about things. So maybe, there's an end in sight, the beginning of the end. I've bought a couple of bank stocks and am going to buy some supermarket stocks too. People will still need to eat & from what I can see, the supermarkets are still doing good business. So, Sainsbuy's are down 50% over the year (but they may be a bit on the "posh" side), while Tesco & Morrison's are down 27% from this time last year. So despite their consistently reasonable/good results, they've been dragged down by the markets. If you bung a few bob in, there may (probably will) be a bit of pain at first, but I reckon in the long run, there could be some good returns and they're not going to go bust.
My shoulders are hopefully big enough to take the accusations of lunacy that will probably come my way. I think.

green granite
10th Oct 2008, 17:07
Or of course you could buy the max allowance of premium bonds and turn it into a million....................... perhaps, at least it's safe.

cockney steve
10th Oct 2008, 20:46
in this order: pay off mortgage, then debts, then buy some gold coins (VAT exempt). The one ounce 'Britannia' is impressive!

NO!!!!....A mortgage is the cheapest way the average person will ever borrow money!

Pay off all debts that are not interest-free (hold a contingency to clear any card-loan that reaches the end of a zero-interest period.

use the balance to buy a repossessed house, refurbish it and then let it out.

too many people in UK, not enough houses, we can't build quick enough and we cant replace those which are clapped-out and become uninhabitable.

There are still plenty of lenders , if you can put down over 30%...and in your situation, you could service that without the rental-income.
Although house-prices ARE dropping, Broon &co. will suddenly be confronted with the legal obligation for local Authorities to house their homeless......but their resources are already stretched(exceptions like Blackpool and Torquay, with lots of B&B accomm.)...
It's a bit early, yet, but I'd say early next year will see the bottom of house -prices.

*ducks incoming*

10th Oct 2008, 20:51
Private Islands Online: For Sale: Search by Price: Under US$ 250K (http://www.privateislandsonline.com/sale-price-under-250K.htm)

Loose rivets
10th Oct 2008, 20:57
I've come to the conclusion that rentals are a dead loss - unless you buy at a good price. It is very, very difficult to make a long term profit just from the rent. It is astonishing just how many, and what type of people, will fail to pay. Trying to do all the repairs yourself is serious work, and you need to cost yourself at a realistic price per hour...or you're just giving your time away.

The people that have made good money are those that had a rent that just about covered the investment, but made a profit on the capital gain. This is tough to do from scratch in a falling market.

10th Oct 2008, 22:43
Was that with a ski mask an sawn off shotgun ( the only way i'll get my hands on money ) :E

10th Oct 2008, 23:33
Invest it in National Savings?
How bl**dy boring can you get?

You can only put 15K in per issue so to spice it up you could put the remainder in premium bonds until all this blows over. You are almost certain to get some return and you never know, you might just win a million (and if you do, remember who suggested it :ok:).