VinPetrol

I personally think the fastest way to make money with £6k would be to play the stocks and shares, other mate thinks £6k would be better off in post office premium bonds, dont know whos right, if either of us, wondered what scoobynetters thought ?

StickyMicky

carwash franchise mate

13k scince january for me, "top line"

J4CKO

iTrader: (1)

Buy and sell cars if you know what you are doing, stick to a grand/ two grand each to limit your liabillity and get trading, could easy double that figure in six months. Made 3 grand last year, and then binned most of it on a Fiat Coupe, oh well.

VinPetrol

cheers guys, anotehr mate jus said the same thing (buy an sell cars), dunno how quick a turn around that would be thought ? i guess it depends what car it was.

kingofturds

iTrader: (1)

be careful buying cars from auction though. some bargains to be had also a lot of sh$t goes through though

Spoon

If you have no Stock Market knowledge then it's certainly the second quickest way to lose your money, next to burning it.

Premium bonds are a no brainer and could earn you a million in 3 months, then again you could still have 6K in 10+ years.

Selling cars requires knowledge too although a sheepskin coat helps.

You need to find something you know about to gain.

If you're not 100% sure then with only 6K you'd be better off in a higher interest account somewhere, taking advantage of your tax breaks.

Boring but realistic.

paulr

Put it on Labour to win,thats £375 profit for a start.

James Neill

iTrader: (1)

Put it in an ISA. Reasonably safe, high interest and no tax.

VinPetrol

high interest bank ac eh, not to quick of a return tho, or have i got that wrong ?

I rekon the buyin an sellin cars could be a lot of unwanted bother, the stock an shares seems to be a fairly good ide to me, jus pick a well known company, buy cheap sell high...?

Can it be that easy ?

GCollier

In a word, no.

If you want to make money out of the stock market you need to do your homework. Yes you may get lucky, but without the time and effort invested doing your research you're basically just playing roulette with your money.

Gary.

pslewis

A bet on Labour to win the Election is a safe bet .....

When I put £10k on the bet the odds were not good - but, I will gain £1600 when they win ......... its as good as in the bank!!

Pete

pslewis

Or, you could put in all in Tesco shares ....... you cannot fail there!

Pete

VinPetrol

i thought tesco would be a good idea too !!

john_s

iTrader: (1)

And then they'll have it off you within months as more new taxes start to feed in.

John.

moses

is that right, sounds good to me how much and what about insurance issues if your guy scratches a customers car by mistake what happens

and any more info pls

moses

if it was me as a tuning parts dealer

i would spend 6k on bulk buy sard regulators or injectors and blitz nur spec rs are a very low price and flog them and some fuel rails from japan not here, rip off here

S.B.

Not another business moses

GC8

Tesco shares are down despite their spectacular profits you old duffer

StickyMicky

if my guy scratches a car outside the wash, i will pay for it myself, if it is a large sum the public liabilty insurance will cover it £700/year for the top policy )

if the car is scratched in the carwash itself its out of my hands and the franchise owners pay up

swings and roundabouts

the cash is also made from the valets + other services you offer, i am looking into one of them paintless dent removal courses in the near future, so my customers can pop in for a valet and get a few dents popped out,
if you snooze you looze

pslewis

I bet you suffer from premature ejaculation too don't you???

Its a Medium Term Punt, you plank!

Pete

Ted Maul

vegas

Ted Maul

vegas...all the way

brihoppy

i was wondering when someone would say vegas...!!!

GaryK

Yep or just go and ladbrokes.com and play "*****" your very own lottery draw every 60 seconds 24/7 with much better odds on matching 2/3/4 *****, go play