Investments

[fatjames]

If you had a spare £1000 and you wanted to invest it, what would you do with it?

I know to some, £1000 isn't a load of money and to other this might be too much to risk but this is just make believe.

But could you beat the dismal interest offered by a high street savings account? (without chucking it all on red or black!)

[RhynoCZ]

How did you get the £1000? What are your wages/income?

£1000 is not enough even by Czech standards, to use as an reasonable investment. I'd put it in my savings account and leave it there. There's no get rich scheme, that £1000 would get you, definitely not quick enough.

The roulette might be the quickest way with the highest return. 50-50 chance, takes about 30 seconds.
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[.....]

I'd use that £1000 and do some matched betting. There's plenty of people on BCF that have made decent money doing so.

[fatjames]

[fatjames]

[RhynoCZ]

[fatjames]

The matched betting thread seems to have disappeared.

I looked at the pathfinder ISA which sounds interesting. As it's an ISA, I could stick a lump sum in, then top up monthly.

They predict £75-£150 for every £1000 invested over 1 year.

https://www.fidelity.co.uk/investor/isa/open-isa/stocks-and-shares-isa/pathfinder-isa-o.page?context=isa&utm_expid=19366235-110.VNpLJsTIQsCkclNH_sLsUg.1&utm_referrer=https%3A%2F%2Fwww.fidelity.co.uk%2Finvestor%2Fisa%2Fnew-stocks-and-shares-isa-affiliates.page%3Futm_source%3Domg%26utm_medium%3Daffmktg%26utm_campaign%3Domg_isa_funds_generic_text_link_test%26utm_content%3D467418%26affiliates%3Domg_isa_funds_generic_text_link_test

[Itchy]

[angryjonny]

£1000 buys a lovely bottle of cognac and you'll enjoy it a lot more than 0.5% p/a

[M.C]

Coke and strippers is always a good investment

Been looking into ISA's myself, lifetime ISA's are launching next April: https://www.moneysavingexpert.com/savings/lifetime-ISAs I'm too thick to work out if they're a good idea or not Apparently when they launch you'll be able to upgrade from a help to buy ISA.

With interest rates so low I'm not sure what else there's.

[Polarbear]

Interest rates are low and the banks are getting tighter. I opened a Santander 123 account purely because they were giving 3% interest on amounts between £1000 & £20000 with instant access. I have just got a letter saying they are reducing that to 1.5%

My best return (and it's pretty shite) is my company shares. I'm getting about 6% dividend paid as more shares but, and it's a big but, the value of the shares can of course drop and although I am still getting 6% in shares that doesn't mean I'm getting 6% in money.
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[The Artist]

Other than physical assets, I am so glad I have 90+% of my net worth in currencies other than GBP right now.

Buy £200 of bitcoin, £200 of Ethereum, £400 of USD and keep the £200 in the bank for usefulness.

[dodsi]

I would buy an appreciating asset that requires small to no ongoing expenses.

Think luxury watches, Art, vintage guitars etc etc - whatever area your interests in.

Or buy something because you have an opportunity to do so at a very cheap rate knowing somebody just wants a quick sale but is an item that may cost you 1K but be worth £1500 if you can wait for the right buyer (months potentially).

Also, follow the news and look at shares? OH NOES VW been naughty with emissions and share prices have fallen X%.... couple of months later back up 20%...

loads of things you can do!

[Derivative]

I would sack off the idea of straight 'return on the money' and spend it on something that has a decent chance of improving my income from labour.

Or keep it around in easy access and go for this:

[Ste]

How much time are you wanting to put into the investment?

How much risk are you willing to take with the money?

[fatjames]

Coke, strippers, booze and some experiences* have all been accounted for, but I'd really like to get more than 2% on the rest while I save for a deposit on a place.
I think I should be able to put it aside for 12-24 months without needing access to it. I also don't mind splitting it up a bit.

Done a bit of reading on matched betting, sounds doable but time consuming. I might have a little practise with <£100 and see how I get on.

*I might get a car and do some track days! I took my not so little brother out for a groupon in Wales to drive some sports cars on track, which was really fun. But the track was small and the experience was over way too quickly. I drove a Ferrari F430, a Lamborghini Gallardo and the BMW i8 The i8 is a hybrid 1.6 and it felt so fast. Probably the nearest I've been to bike acceleration in a car.

[Derivative]

[Itchy]

[thx1138]

£1000 spare only.

Hmm.. my savings account just went down to something stupid like 0.01%

premium bonds maybe

[fatjames]

I only said £1000 to get some ideas (don't really want to say on here how much)

Foreign currency sounds like a favoured thing to invest in. With this, do you keep the cash in your safe or trade on the price (like Forex)?

Ste - Time is something that I don't have loads of. Especially during the day. But I do have my evenings and weekends. Regarding risk, I think if I split the cash up, I'd be happy to play with some and be a bit more sensible with the rest. I haven't looked into the tax side of things yet though.

[Ste]

How much you're looking to invest is a crucial detail if you're wanting appropriate advice.

[The Shaggy D.A.]

Invest in yourself. A Locksmith course can be had for £6-700, HGV for a grand.
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[adriansk]

Shares.
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[The Shaggy D.A.]

[Copycat73]

probably Some thing tangible .. like Gold...

again £1k is not gonna get you much...
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