brett555

Hi there , i am probably going to have £1000 - £2000 coming my soon. I am wanting to invest in somewhere to "hopefully" make some money.. i know its not too much but can anyone point me in some directions of where to start and what to look at. I am new to this aswell.

Thanks for help and advice.

Brett

MrDBM

depends on how risky you want to get really... the lowest risk is probably an ISA or something similar; guaranteed return.

Higher risk stuff involves shares/future markets - but you really need to know your stuff to make real money and avoid getting wiped out.

JackClark

I have 2 ISA's and a PEP all have lost around 2k each. Not all ISA's are the same.

Reffro

Cash ISA is probably what was meant. Tax free returns, just not a great rate of interest at the moment.

fast bloke

National Savings Certs - As with cash ISA - risk free tax free, but little return. Have you thought about a visit to the bookies?

brett555

Hmm.. bookies , only thing is i dont like risking money too much. Would get very P*ssed off with myself if i lost 1k. When i could have spent it on the car... hmm... i will talk to an accountant friend of mine.

thanks for the reply.

brett

Merc_Cosworth

Put it all on the 100-1 outsider in the 3.45 at Haymarket.

Suresh

MrDBM is right. Your maximum potential return will usually be governed by your risk appetite and indeed your need for liquidity (how quickly can you get your money back if you need it).

Building society is extremely safe and liquid, but gives a low return. Property funds and derivatives thereon on the other hand may give high returns, but are risky and relatively illiquid. If the market goes pop, you could lose everything.

Play it safe in these uncertain times (he says having massively out-performed global stock markets for the last 3 years with a cash return of 2.5%)

Caveat emptor.

Suresh

Jodster

Egg savings account. Easy access and growth guaranteed.

Andy Hall

How about premium bonds, I think theyre supposed to make a couple of % per year on average and you never know you might hit the bigtime. Got to be better than investing in the stock market at the moment.

Andy

Sheepsplitter

FFS don't ask a IFA.
I did and he managed to 'advise' me how to throw 12K down the drain in 2 years by investing in two 7K ISAs (now worth 2K and just under 2K). Still I got good value for money, he only charged me £250 for this sterling advice!!

pslewis

I would suggest buying LloydsTSB or Barclays shares, just look at the Divi!! and I would suggest some capital growth over 5 years too!

Pete

Tiggs

"FFS don't ask a IFA."

or dont ask a crap IFA.

T

Sheepsplitter

Tiggs: Sorry, yes good point. I am sure like most jobs, you get good and bad eggs. Unfortunately my egg turned out to be rotten :-(

Olly

Stick the lot on Arsenal to win the Premiership.

normarker2

Err, spend it now while its still worth something?
I speak as one who, with his two daughters, has lost about £20k on PEPS and ISAs.
Everything else is in an EGG account and likely to stay there

fast bloke

As an IFA I would have to disagrre strongly with Normarker2. On the other hand, as a person, I would agree strongly and live by the motto 'There are no pockets in a shroud'

POC

Spend it mate, you only live one, grab a couple of lads and head over to Amsterdam, spend the whole weekend off yer head on drugs and sunk to the nuts with the prozzies

SJ_Skyline

Lucky Jim running in the 3:30 at doncaster