£9000 - how should I invest this?

Dan Dan

Dan Dan

Dan Dan

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Afternoon peeps. I need an opinion other than my own about savings/investments. I need to put my savings a way for a year but don't know where the best return will be.

At the moment I think I will fill an ISA, and the rest into premium bonds.

So I put to you, what do I do?
 

Theophany

Theophany

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Don't **** around with Premium Bonds would be my advice, but I'm sure there will be a few numpties jumping in shortly to proclaim how their friend's aunt's daughter's cousin twice removed is making a fortune on them. :rolleyes:
 

BombayMix

BombayMix

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Put it in a stock and shares ISA. Cash interest rates so low it almost not worth bothering. (Although shares could go down, so you lose money.)

You could split it between a cash and share ISA.
 

sandy10

sandy10

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Casino - £9,000 on red or black

Just under a 50% chance of immediately doubling your investment in 30 seconds

Superb opportunity not to be dismissed!
 

francky

francky

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Well firstly stay away from Gold.....it had an awful year in 2013 and is set to not get much better into 2014.

Oil isnt much better nor is silver...both of which are on a decline.

A very risky and volatile, but possible high return in Bitcoin....allthough this can be risky if you arent certain on what you are doing and backing up your wallet etc.

The safest and steady growing investment is property....but its not quick to get in or out of....so for 12 moths that isnt suitable.

Stocks are a good investment if you know what you are doing.....companies like Westminster Group PLC (WSG.L) had a fantastic 2013 and looking to replicate into 2014....but like anything its a gamble, unless you keep your eye on this everyday.

Remember the inflation target for this year is 2%......so as long as your are getting better than this in an ISA then you will actually be worse off come the end of the year.
 

Redz

Redz

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open two TSB classic accounts with enhance and put £4500 in each account then set up a standing order to pay £1000 a month from the first account into the second and another to pay £1000 from the second account into the first every month and make 3% per annum.
 

francky

francky

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BombayMix said:
Love to know what you can buy for 9k? :D
Click to expand...

You dont buy anything for 9k...you use that as a deposit for a small buy to let flat and get a % increase on the total value of the poperty in equity over the years, as well as the tenant paying the mortage repayments.

Property price rise is set to be between 7-10% this year....if you can get a cheapish flat on buy-to-let you can get a good return.

But as I said its not easy to get and out of.
 

ristac

ristac

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HSBC All Index tracker share fund, relatively safe, if I remember right it has gone up over 10% 4 of the last 5 years and management fee's are very low.

I would do this under an Isa umbrella and put the rest into premium bonds, you certainly won't lose anything with them, you are unlikely to win BUT you might and it could be the big one

francky said:
You dont buy anything for 9k...you use that as a deposit for a small buy to let flat and get a % increase on the total value of the poperty in equity over the years
Click to expand...
He only wants it invested for a year, by the time it comes to sell and with agent fee's he would probably lose money.
 
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