The lottery? - extra tax for dumb people.
lolol, OP in all honesty that money isn't enough of a bankroll for any of what you mentioned and their odds; your best bet would be putting it on red and hoping for the best.
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01-03-2013, 10:19 AM #61
- Join Date: Jun 2011
- Location: United Kingdom (Great Britain)
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"The only thing you are guaranteed at birth is death. You have a right to that. The rest is earned."
"Growing up, I don’t know how many times I heard this… ‘You are what you eat.’ **** that ****. If that were true, I’d be a cow. Yeah, a big ****ing cow with an oatmeal tail, yams for horns, and eggs for hooves. What a ****ing sight that would be."
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01-03-2013, 10:37 AM #62
- Here in the US we have investment vehicles like 401k and SRAs (employer-driven) or IRAs (individual driven) that allow you to invest pre or post-tax income in a retirement account. I would imagine in the UK you have something similar. Many decent employers match contributions up to a certain amount (for example, mine matches contributions of up to 3% of my annual salary). Those funds are typically used to purchase mutual funds, stocks, bonds or other investment vehicles. There are generally penalties for withdrawing money from these accounts prior to a certain age due to the tax benefits you receive by using them. If you prefer liquidity, another option is to open a money market account at a brokerage and direct the brokerage on how you want them to utilize the funds as they become available.
- Patience and discipline are the name of the game with investing. The most important thing you can do as a young person is to start investing as much as humanly possible and taking advantage of compounding returns. I suggest you look up "compound interest" and look at how important and powerful it is to start putting your money away at a young age. The easiest way to do this is to have your employer or broker (depending on what kind of method you are using) deduct what you want to invest directly from your paycheck. That way you never miss it in the first place. Like I said earlier, go with 10% of your annual income as a baseline. If you can't do it start cutting some of the bull**** expenses out of your life to get there. brb 3 years later and you have 50 g's in your retirement account.
- The first person I went to was my father. It doesn't matter who you go to, but I would suggest going to someone who you respect to ask them how to go about setting up your future and ask them to recommend a broker. Stay away from getting advice from people your age. There are too many young brahs out there who are pissing away their future living above their means and not saving enough money in their prime compounding years, and then they wonder why they have to work until they're elderly and/or rely on social safety nets for their retirement.
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01-03-2013, 10:43 AM #63
Op your chances of winning the lottery are less than a million to one
The chance of hitting red/black on roulette is slightly less than 50% due to the house odds
You would be better off putting your entire bank roll on one spin of roulette, srs
Sports betting is tough as fukk because the ppl who set the lines actively want the public to bet on both sides so that they avoid having to pay out and lose a lot of money, so again even sports betting despite whatever system you might think of can be very difficult to win over 50% of your bets
To be honest I'd stay away from betting/gambling completely because they're both designed in ways to make you think you can win money when statistically speaking very few people consistently win
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01-03-2013, 11:08 AM #64
- Join Date: Jan 2010
- Location: United Kingdom (Great Britain)
- Age: 33
- Posts: 299
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Don't invest in premium bonds OP, the actual payoff is not worth if your only putting in ~ £400.00 in for 6 months, statistically your won't win anything, you'd be better off buying £400 lottery tickets.
check out http://www.moneysavingexpert.com/savings/premium-bonds for a better explanation
Sports betting is not really worth it either.
If I was you I'd do a bit more research of stocks and shares.
I've got arround £12,000 worth of shares in major ftse 100 companies and in the last two years I received £500 dividence and my shares are up 1,200 pounds.
Once I finish my exam next week I'll be looking to invest in ftse 250 countries, seems a better investment than ftse 100 companies at the moment. (might be worth investing in tesco as well)Last edited by Bandah07; 01-03-2013 at 11:28 AM.
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01-03-2013, 11:09 AM #65
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01-03-2013, 11:47 AM #66
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01-03-2013, 11:49 AM #67
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01-03-2013, 11:55 AM #68
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01-03-2013, 11:58 AM #69
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01-03-2013, 12:23 PM #70
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01-03-2013, 01:53 PM #71
- Join Date: Dec 2011
- Location: London, United Kingdom (Great Britain)
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Can't believe I subbed this thread it's been my worst decision of 2013 so far.
“So we shall let the reader answer this question for himself: who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed?”
― Hunter S. Thompson
*WetBreast is gonna make it crew*
♚ Mediterranean Crew ♛
***Arsenal crew***
*Banned for saying dat dere*
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01-03-2013, 02:15 PM #72
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01-03-2013, 02:17 PM #73
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01-03-2013, 02:24 PM #74
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01-03-2013, 02:31 PM #75
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01-03-2013, 02:39 PM #76
if you want to make a bit i suggest matched betting, check out this article http://www.guardian.co.uk/money/2010...e-bets-bookies
I did this last summer and made over £500+ could of had more. IF you follow the terms the websites say and be careful(for example some sites say you need to bet over evens) its 100% risk free and 100% legal to make money quickly.
http://www.freebets4all.com/ all the information is on this site and it currently says there is £1,833 worth of free bets to use.
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01-03-2013, 02:42 PM #77
- Join Date: Sep 2012
- Location: United Kingdom (Great Britain)
- Posts: 12,008
- Rep Power: 10003
Starting to wonder if OP has a gambling problem!
"Nothing in the world can take the place of Persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan 'Press On' has solved and always will solve the problems of the human race."
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01-03-2013, 02:42 PM #78
Put 500 on Barcelona to beat Espanyol at 1/11
easy £45***sniff hard as fuk when girls pass by to smell their vagina crew***
Miscers that ran a train on me:
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01-03-2013, 02:42 PM #79
- Join Date: Sep 2012
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"Nothing in the world can take the place of Persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan 'Press On' has solved and always will solve the problems of the human race."
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01-03-2013, 02:45 PM #80
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01-03-2013, 02:49 PM #81
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01-03-2013, 02:52 PM #83
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01-03-2013, 02:53 PM #84
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01-03-2013, 02:59 PM #85
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01-03-2013, 03:03 PM #86
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01-03-2013, 03:10 PM #87
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01-03-2013, 03:10 PM #88
- Join Date: Sep 2012
- Location: United Kingdom (Great Britain)
- Posts: 12,008
- Rep Power: 10003
"Nothing in the world can take the place of Persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan 'Press On' has solved and always will solve the problems of the human race."
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01-03-2013, 03:20 PM #89
So is that http://www.plus500.co.uk legit?
Im interested in trying out that demo mode to see how this works but is it just a scam that makes you win alot of money in the demo so you try it with reall money and lose it all?Het bier zal weer vloeien
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01-03-2013, 03:21 PM #90
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