2006-09-26 23:40:02 · 12 answers · asked by Niraj G 1 in Business & Finance ➔ Personal Finance
Give it to me? I am only kidding, you could spread it over stocks, or you could put it in a pension plan. Its pointless putting it in a savings account, you wont get much for it, and same with contacting an adivisor.
2006-09-26 23:44:23 · answer #1 · answered by natasha * 4 · 0⤊ 0⤋
You could try an investment in the FTSE-100 ; you would have to do some research of your own on what business might prosper in the longer term then watch the price on Yahoo Finance to find the best buying time and contact your broker to set up an account and purchase the stock. Bear in mind you have to have the correct mentality to do this and that growth in a stock will not be linear over time however if you are prepared to take a 3-5 year time horizon for the investment your chances are good. With smaller purchases of shares you will find that your transaction costs will take a large proportion of your initial investment. Do not invest abroad for one simple reason that the bank will take most of any investment gain in their currency spread - also currencies are an extra layer of risk that is difficult for professionals to anticipate.
2006-09-27 00:07:21 · answer #2 · answered by LongJohns 7 · 0⤊ 0⤋
If you are looking for a short term investment then put it in a high interest cash ISA. You won't be taxed on your interest that way.
If you are looking for a longer term investment (say 5 years or more) then put the money in a shares ISA. You don't get taxed on the capital gains when you sell the shares. It is best to invest in an index tracker (e.g. FTSE All-share) as you spread your risk across many companies and you avoid the excessive management fees and buy/sell costs attributed to high turnover in managed funds.
2006-09-28 03:15:32 · answer #3 · answered by Arimaa Player 2 · 0⤊ 0⤋
Make it work for you. Buying and selling. Do some research and sell on line, ebay is not a bad idea. with margins averaging 10% with a two weekly turnaround, you would more than double the amount in a year after tax. No other investment in the world will more than double your money in a year. However, if you find this tedious, put it in an ISA and earn a poxy 7% a year.
2006-09-27 09:04:27 · answer #4 · answered by joechuksy 3 · 0⤊ 0⤋
the best thing to do is buy in to an ETF (Exchange Traded Fund) which essentially tracks an index (eg you can buy an ETF that tracks the FTSE 100 / FTSE 250 / Chinese shares / USA / European).
The benefit of them is they are readily tradedable, just like a stock, and attract no stamp duty on purchase. If you only have £1000 to invest and have no other capital investments you will most likely not be liable to any CGT (capital gains tax) on profits when you sell the investment.
Go to www.ishares.net to find out more.
2006-09-29 03:30:29 · answer #5 · answered by curiousness 2 · 0⤊ 0⤋
Perhaps invest in a unit trust which means you can invest in a number of companies on the stock exchange with out needing to invest lots of money.
2006-09-27 02:26:29 · answer #6 · answered by Bindesh M 2 · 0⤊ 0⤋
I would recommend looking into getiing an ISA account, you are more likely to get a good investment on these.
2006-09-27 02:29:56 · answer #7 · answered by Anonymous · 0⤊ 0⤋
high interest savings acc say 7% or buy and sell items on e bay with your capital , increase it to 3000 and open an ISA account
2006-09-26 23:44:57 · answer #8 · answered by roy 1 · 0⤊ 0⤋
put it in ISA or premium bond chance to win 1 million pound I win £50 at least once a year.
2006-09-28 04:00:34 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Try www.zopa.co.uk it's a site where you can either lend or borrow money and choose your own interest rate. very safe im told.
2006-09-27 00:57:44 · answer #10 · answered by losparx 2 · 0⤊ 0⤋