WHAT is the best thing i could do with this amount to get something back thats worthwhile lets say in a year ?
i was thinking bp shares
WHAT is the best thing i could do with this amount to get something back thats worthwhile lets say in a year ?
i was thinking bp shares
I STINK GET OVER IT !
Buy physical silver
"Great spirits have always found violent opposition from mediocre minds" - Albert Einstein
make a website using your talents claiming to buy scrap gold at a higher price than anyone else, then just shut the site once you've got some
Buy Euros, they've performed poorly of late and once confidence returns in the eurozone it'll bounce back. Although £1k isn't going to see a massive return, try remortaging instead.
Premium bonds is a sort of gambling, but you only gamble the interest you would make in a bank.
If you want security then use your personal cash ISA, it will give you a higher rate of interest than any savings account after tax is taken into account.
If you want to maximise your potential earnings (and have a bit of fun at the same time) then play the stock market using your stocks and shares ISA. This is risky, but the FTSE is very low at the moment so if you pick your company carefully it could end up very profitable.
ftse 100 is a current steal at the current prices..get in now before it goes back to 5500-5600
i dont know to be honest, I know they were quite low at the time, went up and dropped again. I bought into some system where you pay a fee and the bank (natwest) invests in various companies they think show potential, on the FTSE market, I have to admit I didn't put a lot of thought into it, I was just fed up of seeing my ISA sat there doing virtually f'kall so stuck them into that instead. I dont have the paper work here and cant remember the name of the account.
A FTSE 100 tracker now should give you a better return than bank interest, however this isnt guarenteed. Even with a 20% return, on £1000 it is only £200, so not going to make you rich overnight, but would probably be a prudent investment.
BP shares - here you could be looking at a 60-70% return in 2 years time, or lose it all within the year - too many factors affecting this to discuss here, but probably warrants a dedicated thread. let us know what you end up doing!
ta
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If I'm not back in five minutes... wait longer!
The best way to double your money would be to go for red..... or black....
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