Where to invest

spm_uk · 12 Jan 2009 at 23:35

Hey all,

coming into some money around 1k, want to put it away somewhere to make money just wondering what is the best options at the moment?

Cheers

Marky · 12 Jan 2009 at 23:37

"Invest it... all... safely in the bank"

10 points for someone if they know where thats from

Good times :cool:

Hades · 12 Jan 2009 at 23:37

Gold or silver (I'm serious)

Ham · 12 Jan 2009 at 23:37

Under your bed.

Seriously.

cheets64 · 12 Jan 2009 at 23:39

Burnsy2023 · 12 Jan 2009 at 23:39

Ham said:
Under your bed.

Seriously.

That would be silly as it'd just lose value. NS&I perhaps?

spm_uk · 12 Jan 2009 at 23:39

How does one go about buying gold?

sbi5ar · 12 Jan 2009 at 23:40

permium bonds....

or as previously said.... gold, platinum, some thing which cant devalue as such

Hades · 12 Jan 2009 at 23:41

spm_uk said:
How does one go about buying gold?

You can buy coins (for small amounts) or open an allocated gold account (useful for larger amounts). Bought some coins a few years ago when I thought the economy would crash (got laughed at by my mates at the time). I'll see if I can recall where I got them (bit drunk right now lol).

caff · 12 Jan 2009 at 23:43

Do you have an ISA? If not, the best ISA deal you can get is maybe the best choice for £1k.

Hades · 12 Jan 2009 at 23:45

caff said:
Do you have an ISA? If not, the best ISA deal you can get is maybe the best choice for £1k.

Depends. An ISA is simply a tax efficient wrapper around other investments. It's not really an investment as such as it depends on what you actually invest in.

spm_uk · 12 Jan 2009 at 23:45

how does one go about buying shares on a one off?

petemyster · 12 Jan 2009 at 23:49

my physics teach always told us to invest in hear aids when we are older as by the way things are going, we'll all need em cause of our ipods etc. That's where i'd go ^^

Burnsy2023 · 12 Jan 2009 at 23:50

spm_uk said:
how does one go about buying shares on a one off?

If you don't know this, then don't buy shares. They are not for beginners.

ChroniC · 12 Jan 2009 at 23:52

Peter Diffey · 12 Jan 2009 at 23:53

Marky said:
"Invest it... all... safely in the bank"

10 points for someone if they know where thats from Good times

simpsons

aa6972 · 12 Jan 2009 at 23:54

ISA is no longer the best place to save your money. If you are serious about gold, I would say buy BlackRock Gold & General funds, they have solid experience BUT gold has fallen price a lot from the high point..

Investment can be many things, how about invest it in you by getting into a course and get a certificate of some sort?

oddjob62 · 12 Jan 2009 at 23:55

Marky said:
"Invest it... all... safely in the bank"

I thought it was from that song in Mary Poppins where they are trying to get the boy to invest his tuppence.

spm_uk · 12 Jan 2009 at 23:55

currently at uni doing an MA so really want to save it for the future to help pay back

caff · 12 Jan 2009 at 23:59

Hades said:
Depends. An ISA is simply a tax efficient wrapper around other investments. It's not really an investment as such as it depends on what you actually invest in.

True, but the choice of funds with ISAs is huge. I admit I'm a noob at investments, but I dare anyone to say they are an expert in the current climate - personally I'm putting money into an ISA-wrapped OEIC in Hong Kong/China, just because of the potential for share prices in that area of the world. Maybe I'm wrong, but I'm for the long haul and I'm not committing everything I have to it.