2006-11-29 00:17:43 · 7 answers · asked by tulip 4 in Business & Finance ➔ Personal Finance
Have a look at these two links: http://www.direct.gov.uk/MoneyTaxAndBenefits/ManagingMoney/SavingsAndInvestments/SavingsAndInvestmentsArticles/fs/en?CONTENT_ID=10013665&chk=vGFNKR http://www.moneyextra.com/compare/cashisas Have a word with your bank or building society and see what they have on offer.
2006-11-29 23:23:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It really depends, do not get premium bonds though as someone else suggested, the average return is about 3 % and your chance of winning a million is less than the lottery. You need to think about risk here if your willing to invest long term go for something like a unit trust that qualifies to be wrapped in an ISA. It is relatively risky but you can make up your losses if your willing to wait out any bad years. Or if you want something shorter term and more exciting you can dabble in the Foreign Exchange Market. Its very complicated but if you e-mail this chap you can get him to send you all the information you need to learn and also provide you with a dummy bank account to practice with for as long as you want till you think you are definitely good enough and then you can risk as little as £250 or all 5K the rewards can be amazing
ahamada@cmsfx.com
2006-11-30 03:19:16 · answer #2 · answered by Paul E 1 · 0⤊ 0⤋
Tough question this, As £5000 is not really a lot of cash in this day and age ( you cant even buy a ford ka for £5k) My answer would be place the cash in a I.S.A account with one of the high street banks it will get you around 5% APR interest (£250 per year) other than that. You could risk it on red or black on a roulette wheel. This could double your cash straight away tax free. (only kidding)
2006-11-29 00:22:03 · answer #3 · answered by Anonymous · 1⤊ 0⤋
We do get this style of question a lot, and i do think you haven't really thought about how you phrase the question.
How can we possible tell what you mean by "best".
Do you mean return, risk, access, combination ???
The answer could be anything from give it to a poor stranger to bet it on Chester winning the premiership in 2010
2006-11-29 00:27:58 · answer #4 · answered by Michael H 7 · 0⤊ 3⤋
I would invest in Premium bonds - that way you can't lose and could make a million xxxx
2006-11-29 00:19:14 · answer #5 · answered by starlet108 7 · 1⤊ 0⤋
FINANCIAL EDUCATION, WITH BIBLICAL PRINCIPALS
CASH FLOW 101 202 THESE ARE BOARD GAMES
2006-11-29 00:26:03 · answer #6 · answered by complete 1 · 0⤊ 2⤋
try the casino
2006-11-29 00:20:07 · answer #7 · answered by Bella 7 · 0⤊ 1⤋