Investment

CoxyBoy123 · 13 Dec 2010 at 10:48

I have £1000 in savings, what is the best way to invest this?

I know something like the stock market is the most obvious answer but I never really have anytime to monitor such things. I have heard about a bank account where the bank invests on your behalf?

Can somebody point me in the right direction

shine · 13 Dec 2010 at 10:52

Have a look at stocks and shares ISA if you don't need to access the money in the short term. You won't have to pay tax on any gains and there will be accounts where the bank invests the money on your behalf.

CoxyBoy123 · 13 Dec 2010 at 10:55

shine said:
Have a look at stocks and shares ISA if you don't need to access the money in the short term. You won't have to pay tax on any gains and there will be accounts where the bank invests the money on your behalf.

http://www.lloydstsb.com/share_dealing.asp

Is this the type of thing your suggesting?

ProOrWhat · 13 Dec 2010 at 11:40

Gold.

Prices of gold increased by near 200% in the last 5 years. Over 26% in the last year.

Morba · 13 Dec 2010 at 12:12

ProOrWhat said:
Gold.

Prices of gold increased by near 200% in the last 5 years. Over 26% in the last year.

Silver.

Bes · 13 Dec 2010 at 12:14

Uranium.

subbytna · 13 Dec 2010 at 12:16

get proper financial advice and think about an ISA

BennyC · 13 Dec 2010 at 12:21

Fill up your ISA allowance if you haven't already.

I can't put anymore into mine this year so have just plonked what I've managed to save into premium bonds for the meantime (I can afford not to make anything before anybody goes off on one). When I've reached the target amount I want to save up I'll give it to my IFA to work his magic with.

Bes · 13 Dec 2010 at 12:23

In all seriousness, just stick it in an index tracker or one of those regular savers or something.

Schism · 13 Dec 2010 at 12:38

ProOrWhat said:
Gold.

Prices of gold increased by near 200% in the last 5 years. Over 26% in the last year.

Yes, gold is good. The aliens are coming in 2012 to get gold so they'll reward you well too.

Mr-White · 13 Dec 2010 at 13:28

For ease just log into your online banking and open an ISA, it should all be automatic

MW

ProOrWhat · 13 Dec 2010 at 17:05

I see some of you think it's pretty funny joking about gold yet clueless about investment.

Let me tell you something about investment. In the past three years from investing in gold alone I've managed to reach elite status with ICBC as well as Private Banking with Natwest.

So for you guys mocking me, either be quiet or give constructive suggestions that actually have meaning instead of trolling.

utajoker · 13 Dec 2010 at 17:10

buy some ore, prospect, hope for some blues, sell sell sell.

CoxyBoy123 · 13 Dec 2010 at 17:11

ProOrWhat said:
I see some of you think it's pretty funny joking about gold yet clueless about investment.

Let me tell you something about investment. In the past three years from investing in gold alone I've managed to reach elite status with ICBC as well as Private Banking with Natwest.

So for you guys mocking me, either be quiet or give constructive suggestions that actually have meaning instead of trolling.

Best comment so far!

naefeart · 13 Dec 2010 at 17:15

ProOrWhat said:
Gold.

I hear Frankincense and Myrrh are also quite popular this time of year

Tbh I would take the time to read through the Stock Market thread. There is a lot of good adivce there and it got me started.

When you want to invest and make money, the '...I haven't got time...' attitude isn't going to help you. If you want complete hands off, just go look at an ISA.

CoxyBoy123 · 13 Dec 2010 at 17:16

naefeart said:
When you want to invest and make money, the '...I haven't got time...' attitude isn't going to help you. If you want complete hands off, just go look at an ISA.

Its not an attitude its fact

naefeart · 13 Dec 2010 at 17:19

CoxyBoy123 said:
Its not an attitude its fact

You're telling me you're not prepared to make time to earn money?

So you just want a quick buck then, like everyone else.

Kutter · 13 Dec 2010 at 17:25

Invest in Liquor and whores.

You know you want too.

CoxyBoy123 · 13 Dec 2010 at 17:29

naefeart said:
You're telling me you're not prepared to make time to earn money?

So you just want a quick buck then, like everyone else.

No, I am spending my time making money, hence why I dont have the time if that makes sense. Investing is something I have always wanted to do. My job is priority though

scorza · 13 Dec 2010 at 17:29

Gold is great, when society crumbles people will be only too happy to exchange their food, clothing and clean drinking water for my shiny metal.

Seriously, with £1k you probably should be looking at an ISA of some sort. Check out the usual comparison websites.