Where to invest

Marky · 13 Jan 2009 at 00:05

oddjob62 said:
I thought it was from that song in Mary Poppins where they are trying to get the boy to invest his tuppence.

Correct! 10 Points! Check back next week when we introduce a special guest star and have a special 100 points prize available! Thanks for Watchin'! *Waves*

meghatronic · 13 Jan 2009 at 00:07

Burnsy2023 said:
That would be silly as it'd just lose value. NS&I perhaps?

If you had an NS&I ISA, you'd realise how funny what you just said is.

I get 1% interest on my money... inflation is 5x that almost.

J.B · 13 Jan 2009 at 00:09

Ahh student loan day....id just put it in an ISA savings account. its only a grand.

Hades · 13 Jan 2009 at 00:11

caff said:
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.

Don't want to worry you, but the West just stopped buying goods.

Hxc · 13 Jan 2009 at 00:17

hxc, inc.

caff · 13 Jan 2009 at 00:22

Hades said:
Don't want to worry you, but the West just stopped buying goods.

I'm not worried

Like I said, I'm no expert and I'm not committing everything I have to it. If you know better, fine but I would recommend someone with no knowledge in investments at least looks at an ISA first and foremost.

2StepSteve · 13 Jan 2009 at 00:27

i'm getting fed up with members here asking how to invest X amount, do you not use a bank? Their advice will top ours. Taking any advice from people on here can be a wrong path. Place it all on a race horse.

Hades · 13 Jan 2009 at 00:35

2StepSteve said:
i'm getting fed up with members here asking how to invest X amount, do you not use a bank? Their advice will top ours. Taking any advice from people on here can be a wrong path. Place it all on a race horse.

To be honest I made more money from advice on various forums than I ever could have done by talking to a spod at a bank.

2StepSteve · 13 Jan 2009 at 00:39

Hades said:
To be honest I made more money from advice on various forums than I ever could have done by talking to a spod at a bank.

I hope you changed your bank

Zip · 13 Jan 2009 at 05:18

On beer and Coffins.

They are the 2 things which sell great in these types of financial times

Burnsy2023 · 13 Jan 2009 at 10:59

meghatronic said:
inflation is 5x that almost.

Inflation is nowhere near 5% at present.

Marf · 13 Jan 2009 at 11:00

Peruvian flake.

jamief · 13 Jan 2009 at 11:12

2StepSteve said:
i'm getting fed up with members here asking how to invest X amount, do you not use a bank? Their advice will top ours. Taking any advice from people on here can be a wrong path. Place it all on a race horse.

A bank will tell you the best product that it offers, which generally won't be the best place for your money.

If you want proper advice, see a good independent financial advisor.

Admiral Huddy · 13 Jan 2009 at 11:19

If you have a mortgage, invest in paying off the capital while rates are very low. Long term it could reduce its term and save you thousands of pounds in interest.

jamief · 13 Jan 2009 at 11:33

Admiral Huddy said:
If you have a mortgage, invest in paying off the capital while rates are very low. Long term it could reduce its term and save you thousands of pounds in interest.

Good advice.

http://new.egg.com/visitor/0,2388,3_54988--View_1028,00.html is useful to calculate overpayments etc.

meghatronic · 13 Jan 2009 at 12:08

Burnsy2023 said:
Inflation is nowhere near 5% at present.

Well, near enough 4 IIRC.

Bes · 13 Jan 2009 at 12:41

Why do people still think gold is a good idea in the face of commodity prices being in meltdown? Are you just saying it 'cause it sounds cool?

Tomsk · 13 Jan 2009 at 12:41

Somewhere where you can easily access it.
£1000 isn't really enough to make money unless you make a risky investment, but it is enough to bail you out in an emergency or for something nice.

Voltar · 13 Jan 2009 at 12:45

Don't be putting it into the Stocks right now matey. It may seem like there are some absolute bargains out there, but they are bargains for a reason.
My portfolio has been savaged over the past eight months.

Fine wine or precious commodity would be my suggestion.
Possibly look into currencies if you want some high risk excitement from your investment, but honestly I'd avoid them if you haven't had experience in this before, and it is somewhat silly in many people's eyes to play with this atm.

Red/Black would be tempting at this time lol

eXor · 13 Jan 2009 at 12:45

'Matched betting'.

As long as you read the small print carefully, and make no silly mistakes, you can achieve a 50%+ ROI in a matter of weeks with little to no risk.