What to do with 1k

WxM_IeuaN · 9 Jan 2015 at 09:39

Wondering what's everyone's thoughts on what best to do with 1k?

Perhaps an ISA, but interest rates are so low. I was considering looking at funding circle (https://www.fundingcircle.com) although I may get more interest there is obviously more risk. Is anyone on here using funding circle? What's your experience with it?

What's your thoughts? Just settle for the 2% I may get in an ISA? I'm trying to save for my first house deposit

or I could just blow it all on upgrading the PC, it is starting to age

Yaayuh! · 9 Jan 2015 at 09:40

Hookers, blow and blackjack.

MickeyFinns · 9 Jan 2015 at 09:42

If it's just £1k set up a regular saver and schedule the payments so you put the minimum in for the last 9 months (usually £25 a month minimum) and the max for the first 3 (usually £300 a month max). You should end up getting close to 3.5% or so on the £1k as you've front loaded most of it for the full year of the regular saver.

Subliminal Aura · 9 Jan 2015 at 09:43

Take a short position either late tonight or @ 6:30am Monday morning

Mr Jack · 9 Jan 2015 at 09:44

Take 10% of it and spend it on whatever you like. Put the rest of it into a Stocks and Shares ISA linked to the FTSE 250 by the purchase of actual shares (so you get dividends). You'll get much better returns on that than you'll see on any savings account.

Glaucus · 9 Jan 2015 at 09:46

Stocks and shares have large fees.
You could look at getting funds in an ISA. Like shares, it's still risk, unlike just a savings account.

robfosters · 9 Jan 2015 at 09:47

Number 8, 2:30, Haydock Park.

You ain't seen me, roight!

Captain Fizz · 9 Jan 2015 at 09:47

Buy a hifi.

Richdog · 9 Jan 2015 at 09:49

WxM_IeuaN said:
Wondering what's everyone's thoughts on what best to do with 1k?

Perhaps an ISA, but interest rates are so low. I was considering looking at funding circle (https://www.fundingcircle.com) although I may get more interest there is obviously more risk. Is anyone on here using funding circle? What's your experience with it?

What's your thoughts? Just settle for the 2% I may get in an ISA? I'm trying to save for my first house deposit or I could just blow it all on upgrading the PC, it is starting to age

It's not really enough to "invest" for long-term gains... either save it for a rainy day, or buy something meaningful (for a hobby ec) that you really like.

LordSplodge · 9 Jan 2015 at 09:49

Regular saver. Or just treat yourself if you don't *need* to keep it for savings...

AtreuS · 9 Jan 2015 at 09:50

All on black....

gjrc · 9 Jan 2015 at 09:51

robfosters said:
Number 8, 2:30, Haydock Park.

You ain't seen me, roight!

but there's no racing at Haydock today????!!

:confused:

WxM_IeuaN · 9 Jan 2015 at 09:53

I think it's obvious the most sensible thing to do is hookers, blow and blackjack! haha

[FnG]magnolia · 9 Jan 2015 at 09:54

Anime please!

POB · 9 Jan 2015 at 09:55

Invest in Dogecoin.

AshD93 · 9 Jan 2015 at 10:27

AtreuS said:
All on black....

All on 0, you have no adventure

Django x2 · 9 Jan 2015 at 10:33

Dump it on some shares. BOON will see you right by the end of Jan

Edrof · 9 Jan 2015 at 10:35

Dual-wield Bren Guns. Fun, great investment AND will get you ladies.

Cosimo · 9 Jan 2015 at 10:40

In an ISA or on Lord Brendy, 14:40 @ Doncaster.

Freefaller · 9 Jan 2015 at 10:54

It's not a large amount of money so you won't get a huge return on it. Just shove it in an everyday saver and add to it, or save it for a "rainy day" or just buy something you want with it.