Investing/Savings

Darkness · 29 Jan 2009 at 11:39

Where is the best way to invest/save etc on a couple of thousand?

Thanks

hoticejamie · 29 Jan 2009 at 11:44

No expericne myself with this, but have heard good things about this place...
http://uk.zopa.com/ZopaWeb/

gord · 29 Jan 2009 at 11:45

Your question doesnt make any sense, grammatically or logically.

Do you want to invest? Stocks, shares, more risk

Or save? ISA, Bonds, less risk

Also, as above, you could lend it..

Darkness · 29 Jan 2009 at 11:49

Sorry... just noticed my savings accounts are basically making peanuts. So I am interested in something worthwhile.

jamief · 29 Jan 2009 at 11:51

Darkness said:
Sorry... just noticed my savings accounts are basically making peanuts. So I am interested in something worthwhile.

With reward comes an inherent risk. How much do you want to make, and how safe do you want your money to be?

rsatd · 29 Jan 2009 at 11:51

Depends if you want to play it "safe" or not. I am considering trying my luck at the shares thing. But not quiet sure yet.

Darkness · 29 Jan 2009 at 11:52

I'd like to make £1-2k.

I have heard RBS is good to invest in, so long as they do not fail completely..

I know risk and reward are not always the case... but it is worth pushing the boat out a little bit.

Burnsy2023 · 29 Jan 2009 at 11:54

So you want 50% to 100% ROI? Over a year or longer?

Darkness · 29 Jan 2009 at 11:55

I don't mind playing it over a 6 month + period unless I could take a massive chance on a short term risk..

i know nothing · 29 Jan 2009 at 11:56

Darkness said:
I have heard RBS is good to invest in, so long as they do not fail completely.

I found that funny!

Alex UK · 29 Jan 2009 at 11:57

Darkness said:
I'd like to make £1-2k.

I have heard RBS is good to invest in, so long as they do not fail completely..

I know risk and reward are not always the case... but it is worth pushing the boat out a little bit.

You REALLY need to do some proper research before investing in anything.

jamief · 29 Jan 2009 at 11:58

Darkness said:
I don't mind playing it over a 6 month + period unless I could take a massive chance on a short term risk..

So you want a 100% ROI in 6 months? I think you need to set your sights A LOT more realistically. Either that or be prepared to lose almost all your money.

Burnsy2023 · 29 Jan 2009 at 11:58

Darkness said:
I don't mind playing it over a 6 month + period unless I could take a massive chance on a short term risk..

Alex UK said:
You REALLY need to do some proper research before investing in anything.

Indeed. This get rich quick scheme is likely to end in tears.

Manlove is my forte · 29 Jan 2009 at 11:59

Alex UK said:
You REALLY need to do some proper research before investing in anything.

Isn't that what he's doing? he's come to OcUK for IFA.

rsatd · 29 Jan 2009 at 12:31

Been keeping an eye over a few companies, no serious research, mostly due to boredom, so anyway, if you can "predict" or at least guess what would happen, there's a ton of money to be made.

That Lloyds thing over these last few days would have made a nice 2-3k if I put all my savings into it. Obviously that would never happen as I have no clue how these share things work. But if you can make the right guesses, then there's a fair bit of money to be made there.

aardvark · 29 Jan 2009 at 12:38

lol - i bet that in 1 years time you have lost money.