flashgordon666

What to invest in or make money from with £10k?

With interest rates 1%. and the **** thats going on now, what would make money now? What you guys got ur saving in.

PS no silly answers like invest in rabbits or rent a posh car for a day.

flashgordon666

diamonds, what about shares in diamond companys. Why diamonds?
I thought about gold.

SJ_Skyline

All depends on your appetite for risk and what timescale for turnaround you are looking at.

davegtt

Buy me a seat at the WSOP and I'll give you a 3rd of the winnings

Matteeboy

Just sitting on money in two banks hoping rates will rise above inflation soon. It's bloody annoying but there are far worse situations for people out there.
Possibly looking at two years fixed (about 4%) from Egg or similar but knowing our luck, rates will rise before then.

Simon K

Buy shares in the investment banks, hold on for 5 years, watch your money double / tripple. Best long term investment. Hurry, prices going up. I brought a few in Barclays, HBOS, couple of others. Ok, not too happy at the moment, a bit uncertain, but believe me, 5 years, happy days.

SBK

Turbo2

How about a decent Integrale Evo 1 or maybe even a mint P1? More fun that a monthly bank statement.

EddScott

^^^^Need this before anything else.

Or Premium Bonds.

Matteeboy

I wouldn't invest in anything unethical like that. I'd rather make no interest/returns than sponsor dodgy working practices.

EddScott

Probably safer having diamonds up your *** rather than bags of smack.

However, back to reality...............

flashgordon666

Im gd for 1-5 years. Ive can get 4% if i look around. But im sure I can make more money in 1 year then waiting for £400 interest or 1% what its at now.


I found a website to become a loan shark, anyone seen it? You read how much people want to loan with why they want it and you get a % interest but its risky.

Deep Singh

Depends how much more cash you have. If £10k is most/all of your savings put it in a bank and forget about it.
If it represents a very small part of your wealth then have a punt. I would drip feed it into some FTSE/S andP/ dow tracker funds

hodgy0_2

deposit on a btl

Deep Singh

Yeah preferably a 2 bed flat in a northern city...........

scoobynutta555

Carefully selected shares, especially in companies which have seen massive drops due to the recession, ie property builders, banks, media companies. Spread it around a bit, and when we come out of recession these will soar. I wouldn't be buying gold right now TBH.

scoobynutta555

I'd have thought once the recovery will begin or confidence returns gold will be dumped in favour of other investments. The reason gold is high now is due to uncertainty in other investments.

stiscooby

Yesterday I moved a similar amount to my Egg Money Credit card as they WERE giving 4% on a positive balance (and have been doing for some time now) so much better than another savings account I had it in..... then today I conveniently received an e-mail from them telling me of new changes.... as of the 24th April they are changing their interest rates on positive balances to 0.5%!!! bastids

Just my luck! I think I’m just going to move the money back and sit on it for a while. I don't want to put it in something for a few years and can’t get to it as its house deposit money so will want to get my mitts on it in the not too distant future.

NotoriousREV

If you don't mind a lot of risk I can get you 10% and I'll only charge you 15% of the profit. Don't ask me how because I won't tell you.

Notorious"Madoff"REV

Wilky_Boy

Premium bonds or gold. Good luck mate !

Jonnys3

Stick it in yer matress! About the only safe place for money these days.

Skoobie Dhu

iTrader: (3)

BP or Shell shares are paying a dividend around 8%, BP have said recently that they're planning to maintain the dividend at this level for the rest of this year. Good price today as well for buying.

Or if you're feeling lucky look at RIFT on the AIM market, poised for takeoff in the next few weeks.

DYOR - ADVFN.com is a good place to start.

SunnySideUp

With £10k my advice would be to spend it on something which will not lose money and give you enjoyment at the same time.

Secondhand cars are very cheap at the moment, maybe a SAAB? SAABs are pennies because their future is uncertain .... you can get a gift for £10k, sell it in 2 years time for £12k if things turn for GM/SAAB.

krisando

iTrader: (2)

A share based isa is good, you can pay in up to a certain amount for a mid-long term, the company invest it through the markets at good prices, then sell off the shares when they peak, ive had mine for over a year, with a small amount every month, and ive made back just under double what ive put in, not bad!

flashgordon666

My other money was in share lots loads in them, sep 11th that day lost £2k.

What about a business or item people want now a days? There must be a list of stuff people spend more in. i.e. alchol / takeaway / cakes / dvds etc