Another wherto invest thread

Stinky · 23 Aug 2011 at 16:45

Hi all

So finally I have some of my own money saved after 6 months hard slog!

I have £5000 to invest ideally I'm not looking for high risk as it's been hard work saving it!

Apart from a cash Isa are there any better places I should look at ?

Vonhelmet · 23 Aug 2011 at 16:50

Let's get these out of the way:

Premium bonds - You'll make £1200 a month, easy.
All on black/red/00.

Jez · 23 Aug 2011 at 16:51

For £5k?

Wondering what the point is, just keep it in an instant access ISA at the best rate you can find.

Stinky · 23 Aug 2011 at 16:54

Jez said:
For £5k?

Wondering what the point is, just keep it in an instant access ISA at the best rate you can find.

Cos 5k is a lot of money for me to have managed to save and obviously I want to put it somewhere where it'll make the most

Jez · 23 Aug 2011 at 16:56

Just get the best ISA that you can find

BennyC · 23 Aug 2011 at 17:36

Best ISA
Premium Bonds for a short while if you fancy a free lottery with a very low chance of winning anything.

Or speak to an IFA and invest it in a company that's suffered/suffering/going to suffer badly in the next month or so with the current economic climate but will recover.

Nationwide do a limited access account paying 2.4%net.

anything I don't mind · 23 Aug 2011 at 17:54

May i interest you in a ponzi scheme ? :cool:

You give me £1000 today and in 1 month ill give you two!

godinman · 23 Aug 2011 at 17:55

Fine wines.

RomanNose · 23 Aug 2011 at 17:57

I Am a wealthy Nigerian who needs help moving millions of dollars from my homeland and I promise a hefty percentage of this fortune as a reward for assisting me.

jp_bl_68 · 23 Aug 2011 at 18:08

chaosdestro0 said:
I Am a wealthy Nigerian who needs help moving millions of dollars from my homeland and I promise a hefty percentage of this fortune as a reward for assisting me.

No spelling mistakes, no glaring grammatical errors and it all makes sense. You, sir, are not Nigerian

I looked into this a while ago. ISAs are probably your best bet but don't expect to see any massive returns.

[TW]Fox · 23 Aug 2011 at 18:27

Stinky said:
Cos 5k is a lot of money for me to have managed to save and obviously I want to put it somewhere where it'll make the most

It's going to make sod all, stick in an ISA if you dont think you'll want to use it or stick it in a Santander eSaver at 2.75% because at least then you can get at it with no penalty if you want to go on holiday or something.

[TW]Fox · 23 Aug 2011 at 18:28

BennyC said:
Nationwide do a limited access account paying 2.4%net.

Why would you possibly recommend that? A limited access account paying less than the leading instant access account? I can not think of a single reason why you'd take this account!?

Destination · 23 Aug 2011 at 18:57

Ing direct do an online account with 3.06%, for the first year due to the bonus you get, then you switch to whoever has the new best bonus

ristac · 23 Aug 2011 at 19:20

£5,000 in a 2.75% account £137.50 nice but is it life changing
£5,000 in premium bonds might win £100 or £1000 nice, might win a life changing amount. Know which one I would go for.

For the record, I have had £1,000 in premium bonds for 4 years, had three £50 wins, still a better return than any bank or building society could have given me.