Invest it in shares in a hi-tech company that is responsible for developing and manufacturing some part of a conventional ballistic missile and hope that barack obama is going to be antother war mongerer like Bush. Within 3 years you will be laughing all the way to the bank
Where to invest
- Thread starter spm_uk
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No, there are some genuine bargains out there... only £1000 might as well just stick it in the bank- unless they already have plenty of other savings.
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I assume he has no knowledge of trading, in which case its probably wise to stay out. Although, I wouldnt say that looking into trading is a bad idea at this time. The markets are low and I'm just starting my portfolio, but they are volatile, so as always its on his own head!
What? Putting IMO on that sentence is a strange thing to do. £1000 is a perfectly respectable amount to trade with for any normal person. Your IMO makes you sound like a hedge fund manager.
You are also a dirty ninja, but I caught you!
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With interest rates as low as they are, there are probably many similar easy-access accounts with banks/building societies to go for. I think the best you can probbaly get is 5-6%.
www.moneysupermarket.com
Just look at savings and easy access accounts. If you are planning to leave it ages and not want to take it out at any point go for a fixed term account.
The above is fine, personally I'd put it all on Black and double it
www.moneysupermarket.com
Just look at savings and easy access accounts. If you are planning to leave it ages and not want to take it out at any point go for a fixed term account.
The above is fine, personally I'd put it all on Black and double it
Ok yes if you want to swallow a 1.8% loss on your investment just to buy and the same again to sell. People are stupid to be suggesting anything except banking it. No one knows his financial situation, how risk adverse he is, etc.
Still no one has told me WHY they are buying gold now.
£1,000 as a newbie investor... You ought to be looking at the lowest risk, longest range investment. I suggest sticking it in a bond or high-interest savings account (perhaps abroad).
To make that sound fancy, you could say you traded fixed income or the money markets
.
To make that sound fancy, you could say you traded fixed income or the money markets
.Really? Gold is only trading at $850 though- it's hardly boomed.
So you bought gold as an investment, but don't really know why?
An easier way to buy gold is through commodity derivatives. However, the leveraged nature of this trading maximises your risk. You'd need a lot of free liquidity just to cover the margin requirements, given the current levels of volatility.
I think over the next six months, we should see movement of gold towards the $1,000 mark again. However, some analysts have predicted $2,000 by the end of the year which is simply too far-fetched.
I think over the next six months, we should see movement of gold towards the $1,000 mark again. However, some analysts have predicted $2,000 by the end of the year which is simply too far-fetched.
look at it in pounds - gold is making records highs every month. What other investment made you 40% last year? gold did, and it has been making between 10-20% every year since 2000.
gold has a lot higher to go yet - DYOR
deflation is red herring - massive inflation is on its way and gold is one of the few things that will retain its value.
I'm up at the moment on it, my idea behind having it was that if the pound truly tanked, then the gold would still be worth roughly the same. Better than 100% of savings in cash being hammered by inflation and not getting a great return anyway.
Eggs aren't all in one basket - that's my thinking
I don't pretend to be an investment genius.
Soldato
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any specialised company with ties to military research, or weapons development.
that sector will only increase, so pick the biggest corporations and you will be happy
You're effectively trading GBPUSD then. Your reason for being long gold is in fact being short GBPUSD. I don't think GBPUSD has much further to go though; a considerable amount of interest rate cuts in UK have already been priced in. The time ahead of that remains deeply uncertain.
Neither deflation nor massive inflation are on their way though. We have widespread falling prices at the moment which will considerably reduce inflation.
I'm up at the moment on it, my idea behind having it was that if the pound truly tanked, then the gold would still be worth roughly the same. Better than 100% of savings in cash being hammered by inflation and not getting a great return anyway.
Eggs aren't all in one basket - that's my thinking
If the pound truly tanked, you would do well as gold is priced in US$.
If the dollar tanks (more likely IMO) you are screwed... well not screwed, but your investment will go down in value.
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Welcome to the world of the hosing market.
And where did it make 40% last year.? As the largest gap I can see is from around the $750 to $900. And to to this you would have had to time it perfectly.
The only people who suggest gold, are those that have bought gold in a effort to drive the price up.
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