2k to use wisely...

LeperousDust said:
Clever gambling? Arbitrage betting and/or matched betting and/or lay betting all much of a muchness, it requires a large lump sum to pull it off properly, can return 5-15% on initial investment sometimes, and its tax free :D. Just have to be careful but its also a bit of a thrill. Have a read up on it either way. I'm saving up presently, using ICICI Hi-Save savings account (5.15% interest), once i've got about 1k in there i'm going to start drawing money in and out arbitrage betting (i'd use an ISA but money has to be moved in and out which isnt suitable for an ISA).
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anything that includes the word "gamble" isn't a great way of saving for a house is it now? :p
 
ALLI said:
anything that includes the word "gamble" isn't a great way of saving for a house is it now? :p
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You'd be very suprised. How about betting on three outcomes of a football match which 2 or three different bookmakers, with a book totalling 95%, which means in simple terms, the worst you can do is make 5% on initial invertment, depending on outcomes sometimes better, thats the gamble. Remember its totally tax free, just a bit time consuming, but i work for ladbrokes and am pretty close to their trading department so i'm usually pretty quick to find anything like that when it so happens. Its a perk of the job i suppose.
 
ALLI said:
Something secure, but will reap maximum gain for me.
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I think people are mocking you because IT'S ONLY £2,000. You'd be lucky to earn £70 in the year, and even then, once you take inflation into account you haven't made anything.

The safe option: Bank it.
The riskier option: get a stock broker (or something) to invest it for you
The fun option: Book a holiday
 
tenchi-fan said:
I think people are mocking you because IT'S ONLY £2,000. You'd be lucky to earn £70 in the year, and even then, once you take inflation into account you haven't made anything.

The safe option: Bank it.
The riskier option: get a stock broker (or something) to invest it for you
The fun option: Book a holiday
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didn't inteperet anyone as mocking me tbh...

i've already put 3k into an isa, and have 5k in stocks given to be my my missus's grandad. im DDing 250 a month into an 8% saver and the final 2k, as much as id like to spend, is in my current account. think i'll just wait to april when i can stick it in my isa.

holiday is not needed - i've just booked a villa in tuscany for my wedding next year:-

http://www.tuscanparadise.com/pages/2/index.htm

(anyway, it might /only/ be 2k, but as my bursary is 500 a month, it's a fair whack for free)
 
Hinchy55 said:
Quick question on this subject then.

If i put 1k into a mini cash ISA at 5% gross p.a. does that mean i earn £50 in the first month or is that just over the whole year?
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iirc you dont get anything in the first month - maybe that means you're not entered for any draw in the first month... check the ns&i site!

and 5% pa is per annum, so that's per year.
 
If your DDing £250 per month have you looked in to the abbey or a&l (cant remember who does it) 10% saver account, the only requirement is you earn 1k per month and deposit £250 per month i think. Check it out anyhow, can sniff at an extra 2% can you!
 
Use your ISA stock allowence to invest it in some unit trusts ones that focus either on high dividend yields or index trackers you should make 10-15% on these and it will be tax free.
 
LeperousDust said:
If your DDing £250 per month have you looked in to the abbey or a&l (cant remember who does it) 10% saver account, the only requirement is you earn 1k per month and deposit £250 per month i think. Check it out anyhow, can sniff at an extra 2% can you!
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i dont earn anything per month other than my bursary of 550 and random shifts at the mental health unit.

i think you need to open an account with them too. i did see that offer (just after i'd opened my 8% saver!)

settled for 2 choices now...

top up my isa next fiscal year, or get 2k of premium bonds

im leaning towards the premium bonds as theres 2 chances of 1million and another million in seperate cash prizes, all tax free. worth a shot (that's about as gambly as I can be without constantly thinkin "feeeeerk im gonna lose it all!)


thanks for the replies everyone. job done.
 
teaboy5 said:
What about some stock in an oil company, oil prices will only be going up from here on in.
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maybe that might reep some cash but id get grief off the missus for profitting from a non-ethical company.

i've decided anyway. premium bonds.

(or 2000 scratchcards.. LOL!)
 
ALLI said:
didn't inteperet anyone as mocking me tbh...

i've already put 3k into an isa, and have 5k in stocks given to be my my missus's grandad. im DDing 250 a month into an 8% saver and the final 2k, as much as id like to spend, is in my current account. think i'll just wait to april when i can stick it in my isa.

holiday is not needed - i've just booked a villa in tuscany for my wedding next year:-

http://www.tuscanparadise.com/pages/2/index.htm

(anyway, it might /only/ be 2k, but as my bursary is 500 a month, it's a fair whack for free)
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Some people are, unless you interpret "2000 scratchcards" as sound financial advice!

If I could afford it, I'd definitely blow the money rather than squirrel it away.
 
tenchi-fan said:
Some people are, unless you interpret "2000 scratchcards" as sound financial advice!

If I could afford it, I'd definitely blow the money rather than squirrel it away.
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See that's where you and I are different. I have to plan for the future, not the "right now". A few years back I would have wasted it on clothes, clubbing and taxis but I'm all grown up now. Money is not a toy!

2000 scratchcards was mirth, not mock.
 
ALLI said:
i've decided anyway. premium bonds.
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Not a very 'wise' choice IMO, but it's your money :) You're foregoing a guaranteed £80 or so interest a year in order to have virtually no chance of winning even £50 back.
 
Gedalia_w said:
Ouch, that would hurt. Better yet convert into dollar bills and then you have a nice swim.

I never understood how Uncle Scrooge in Ducktails could swim through gold coins :confused:
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Yeah! I always winced when he leapt into the pool (it was a pool wasnt it?) of them. It'd be like diving head first into a brick wall.
 
dirtydog said:
Not a very 'wise' choice IMO, but it's your money :) You're foregoing a guaranteed £80 or so interest a year in order to have virtually no chance of winning even £50 back.
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You think? It's a wise gamble. I'm not going to lose out but I could win one of the 2 million pound monthly prizes or part of the 1 million pounds worth of other prizes. what makes you think I have virtually no chance of getting £50? I have 2000 chances per month of winning.

Converesely I probably have more chance of predicting the winning lotto numbers 5 weeks in a row, but as some wise man once said, "You have to be in it to win it".

Don't worry, as soon as I've won, you guys will be the first to know ;)
 
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