How would you invest £2000?

carlazai · 26 Jan 2008 at 00:34

China stock market tracker, and withdraw after Olympics. That is only stocks i would dabble in.

GSXRMovistar · 26 Jan 2008 at 00:38

I'd let Jerome Kerviel invest it for me.

something_totally_different · 26 Jan 2008 at 01:27

good antiques. can have a much better return over 40 years if you know what to get

[TW]Fox · 26 Jan 2008 at 01:30

HarryPainful said:
Its safe, you always can take out the full amount you have put in

No, in real-terms you take out less than you put in. And this is before you consider the opportunity cost of putting it in Premium Bonds instead of an ISA.

tntcoder · 26 Jan 2008 at 03:14

I have a fair amount in premium bonds, and have won £50-100 each month for the last 6 months, it pretty much equals what im losing in interest, and theres always the chance of a decent win, my mum won 5k last xmas. They aren't that bad really.

strudey · 26 Jan 2008 at 04:37

HarryPainful said:
Taking averages in to account mean nothing if you drop 2k in to bonds and win 50k the month after...

What? Do you not understand the concept of an average?

eXor · 26 Jan 2008 at 09:10

GSXRMovistar said:
I'd let Jerome Kerviel invest it for me.

You know where he is?

A2Z · 26 Jan 2008 at 09:43

theres a good article here

http://www.moneysavingexpert.com/savings/premium-bonds

which basically shows why premium bonds are a waste of time

oneilldo · 26 Jan 2008 at 10:37

If you can afford to lose it then buy some shares. With markets in turmoil nows the best time.
I wouldn't class cash ISA's or saving accounts as investing -surely they are just savings?

jamief · 26 Jan 2008 at 11:59

Premium bonds are a VERY poor way of investing money. See http://www.moneysavingexpert.com/savings/premium-bonds

jamief · 26 Jan 2008 at 12:01

oneilldo said:
If you can afford to lose it then buy some shares. With markets in turmoil nows the best time.
I wouldn't class cash ISA's or saving accounts as investing -surely they are just savings?

You need to look up the definition of the word "invest"

waterproofbob · 26 Jan 2008 at 12:08

[TW]Fox;10971872 said:
Why though? The return on them is worse than an ISA. Why would chose Premium Bonds over an ISA, unless you had no concept of financial management whatsoever?

It was more as somet to suggest other than an ISA. ISA will defo make more guaranteed money in the nature of what it is. fixed security shares will make good money as well.

An ISA is safe and will defo make you the interest, best bet is to build up a nice interest chunk this year and then invest the interest on the account the next year, takes a few years to build up a reasonable portfolio but is certainly worth doing if done sensibly.

Brum Man · 26 Jan 2008 at 14:15

jamief said:
You need to look up the definition of the word "invest"

Savings accounts are not investing if that is what you are implying, as said it is saving. There is a difference.

waterproofbob said:
An ISA is safe and will defo make you the interest

The ISA is not safe, all an ISA is is the tax wrapper. If you save money in to a mini cash ISA then yes it is safe but that's due to it being just a tax free savings account. However if you invest in a mini stocks and shares/Maxi ISA then it's not necessarily safe as your then investing and therefore your capital is not guaranteed.

[FnG]magnolia · 26 Jan 2008 at 14:22

jdickerson said:
Or an ISA.

EDIT - All my money goes into ISA up to max amount (£3k this year - goes up next April), then the rest is put in a high interest e-savings account ...

This man speaks sense.

A2Z · 26 Jan 2008 at 14:43

jamief said:
Premium bonds are a VERY poor way of investing money. See http://www.moneysavingexpert.com/savings/premium-bonds

yep thanks for saying exactly what i said 2 posts above :rolleyes:

Deadly Ferret · 26 Jan 2008 at 14:46

If you want something safe, that pays more than savings accounts do, look into corporate bonds.

Mad old tory · 26 Jan 2008 at 14:55

This is an obvious point but make sure with corporate bonds if you want low risk choose high rated ones. AAA bonds will pay a lower return than junk bonds but the companies are also much less likely to go belly up! Otherwise I'd just pop it into a cash ISA and keep any interest in there as well.