I have some money saved up and i would like to invest a bit of it-just to make a bit of money to help bulk up the savings a bit more and help me through uni.. i was thinking about £1000, does anyone have any ideas as to what i could do with it? I dont want to take big risks... I appreciate any help!
2007-05-09 12:12:25 · 5 answers · asked by SW1 2 in Business & Finance ➔ Investing
I already have the money in an isa and I also have investments in property in bulgaria, i was just wondering what other options are available.. Its all kinda new to me!!
2007-05-09 12:30:10 · update #1
I have the money in an ISA account already. Im not expecting huge financial gain here... its just something i want to experiment with. Can someone just let me know of other options available?
2007-05-10 04:52:52 · update #2
Go to your local financial services company (Bank or Credit Union) and make an appointment with a Financial Consultant or Investment Advisor - It's FREE! Advice; You can also perform great research on the Internet at www.yahoo.com; www.cnbc.com; www.stockpickr.com etc. Good Luck! :-)
2007-05-09 12:18:26 · answer #1 · answered by JEDI MASTER YODA 4 · 0⤊ 0⤋
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2014-10-03 23:23:10 · answer #2 · answered by ? 1 · 0⤊ 0⤋
£1000 will not give you much income whatever you do.
Be that as it may, my advice is to put the max amount (£3000) in a mini cash ISA yielding about 6% tax free. Any balance put in shares of Lloyds bank yielding about 5.8%, with good prospects to rise. Surely Lloyds bank is safe enough.
Above all do not be tempted to speculate on penny shares and the like, as some fools will tell you. Investing is not gambling.
2007-05-09 14:04:44 · answer #3 · answered by Anonymous · 0⤊ 0⤋
no such thing as free advice - they wont charge you up front but will then advise you to buy the product that gives them the most commission....and it possibly wont be the best thing for you.
if you dont want any risk - the best thing is an isa - you wont lose any of your money and you could get up to 6% interest each year tax free.
most banks/building societies offer them and you can check who is giving the best rates of interest on yahoo money.
2007-05-09 12:25:48 · answer #4 · answered by Sleepless in dogland 2 · 0⤊ 0⤋
Never ask strangers for that type of information. You don't know if the information is correct. Go to your bank, or, ask friends to refer you their broker.
2007-05-09 12:20:58 · answer #5 · answered by newyorkgal71 7 · 0⤊ 0⤋