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Cryogenic

Cryogenic

Cryogenic

Associate
Joined
10 Jul 2007
Posts
933
Hi,

In 2007. I lost around 13k investing in funds from an Initial investment of 20k. I have been working two jobs ever since to get back to a stable position. I need growth but virtually no risk. I have managed to scrape together 10k and only want to Invest in gold as it sees 10-15% growth annually. Do I get a stocks and shares Isa and Invest in stock name GLD, or buy 10k worth of gold in bullionvault or stick it in a high interest account and let it compound for 20 years. Ideas? I can wait 20 years for it to mature. Thanks.
 
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This is ridiculous, you have been bitten before yet you are coming back for more. What makes you think things will be different this time around? Investing is essentially gambling, don't gamble what you can't afford to lose.

Also, this is a computer forum. There are no stock market experts here.
 
cm1179 said:
there's a stocks and shares thread though. funnily enough, i just posted in there about a gold mining co i was after a bit of info on
Click to expand...

My point exactly, there are knowledgeable people on these forums who provide some decent advice but they are by no means experts. If they were then they would be managing other peoples money and being paid generously for their services :)
 
I'd talk more to a financial advisor. They'd be better at advising where to invest than anyone on here.

They should be able to give you the best answers
 
Well you could buy shares in gold companies but you are going to have to work at it to make money, just because gold is seeing year on year increases does not mean that it's going to continue for the next 20 years (but it could). I personally have 40% of my ISA in gold shares.

Just a word of warning about exposure to gold through miners, the profit margin is leveraged so to speak. Let say gold is at $1100/oz and it costs the company $1000 to produce. If the price of gold goes to $1200 the profit of the mining co goes up 100% and down by 100% if gold goes to $1000. It's a crude and simple explanation but you get the point.

You need growth but virtually no risk! sorry but that's not possible.
 
Sorry to say, but it sounds like you don't know what you're talking about. Find out what you're talking about before investing, or you'll just lose your money for a second time.

I'm really not trying to be mean, more cruel to be kind. Sorry :-(

On a constructive note, consider just whacking 5K into the best cash ISA you can find, and then stick the other 5K in next year. At least that's 'safe'.
 
growth with virtually no risk - not going to happen.

To get growth you have to take risk, calculated and acceptable risk.

People said the same about property funds - 10% a year for last 20 years average growth in property funds - great i'll have some of that!!! Since about 4 years ago, look at any property fund graph and you will see it's down.

It clearly sounds like money you can not afford to lose or risk so WHY would you take a "punt" on gold prices going up for ever more??

Do yourself a favour and wait till you have "spare capital" to invest, not capital that is clearly a concern for you to invest and required.

Also - what is the 10k for - why are you investing it? What happens in 20 years?
 
Speak to an IFA. Doesn't sound like you can afford to loose the £10k you've saved.

If you want guarenteed growth with minimal (there is no zero risk) then stick it in a decent savings account or ISA.
 
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