Best way to invest some money
- Thread starter OG
- Start date
so say someone had more than £500 to invest what's the best starting point? and a decent read?
Soldato
Why are you getting it if you don't need it?
Its given to me by the university as a 'bursary' for merit based on my results that I have got in the past, I'm not much of a risk taker, will probably just blow it on a new camera lens.... pretty sure i can get a 17-55 2.8 for around 500 second hand
Not really, as isnt gold at a high at the moment? you want to buy gold really when the prices are low, then wait for a price hike and sell to make a good profit.
who said gold is at the top ?
its higher than a few years ago but who is to say it isnt still going up
Im not saying it isnt still going up as it is, however I dont think its going up at a rapid rate like it was previously, so you would still make a bit of profit, but not as much as if you bought it when prices were low, then they boomed.
i agree
but he only has 500 to invest in something
a bit of gold under the bed is what i would do
If you have a little savings or could bump it up to about £1k then you might be able to pop it into a bond. Depending on how long you wanted to tie it away for it could return 3-4.5/5%.
That or premium bonds as suggested if you're happy for it to potentially not make anything. You can ofc win but it's unlikely
Actually you could bang it into an ISA as well. Not brilliant but another option.
That or premium bonds as suggested if you're happy for it to potentially not make anything. You can ofc win but it's unlikely
Actually you could bang it into an ISA as well. Not brilliant but another option.
Soldato
my daughter used her ema for her isa ,built up a tidy little sum
uni grant was used for a summer 8 week trip around europe
uni bursury of £1800 she put to a ski trip and more to the isa
and yes i do see how this could annoy people
uni grant was used for a summer 8 week trip around europe
uni bursury of £1800 she put to a ski trip and more to the isa
and yes i do see how this could annoy people
International markets? Gold has dropped from its peak in November and is still sliding (with 2 intermediate spikes of about 6-7%). Commodities may be peaking (well, some of them) and the more trust returns in global economies the more funds will return to the markets. In summary, as we are exiting recession at a global level peeps will stop investing in gold and other precious metals.
Buying gold now would be foolish and very high risk, it is highly unlikely to keep going up (unlike house prices, ha ha ha). At least it's not going to go up the 10+% that the OP would need to see any sensible return on his monies.
It's best to wait for the economy to pick up, gold prices to drop, buy it, wait for next recession in 12years or so, profit???
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Soldato
High interest bank account (ISA's etc...)
Soldato
Put it in a US Smaller Companies Fund. Schroder US Smaller Companies fund managed by Jenny Jones would be a good start. Most IFA's & Brokers are advising you to be 'overweight' in the US for the next 12 months. I wouldn't advise gold, that horse has bolted.