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Investing a small amount



S

Shizuoka Dolphin

NSC M0DERATOR
Jul 8, 2003
6,987
N/A
Having been shoving the odd tenner under my mattress for the last few years I've managed to accumulate a nice nest egg for the future. It's growing slowly in a high (but not that high) interest account, so I was thinking about INVESTING it somewhere.

Not really that clued up on ISAs and all those other acronyms you read about, but will be doing my RESEARCH. Of course, you can't buy personal experience, but you can GET IT for free from good CHUMS on internet message boards. :blush:

If anyone has any suggestions (Pipex for example) or you know of any decent PYRAMID schemes or suchlike, I'd be interested to hear of ways to make my money GROW.
 








A

acrossthepond

Active member
Jan 30, 2006
1,233
Ruritania
Shizuoka Dolphin said:
Having been shoving the odd tenner under my mattress for the last few years I've managed to accumulate a nice nest egg for the future. It's growing slowly in a high (but not that high) interest account, so I was thinking about INVESTING it somewhere.

Not really that clued up on ISAs and all those other acronyms you read about, but will be doing my RESEARCH. Of course, you can't buy personal experience, but you can GET IT for free from good CHUMS on internet message boards. :blush:

If anyone has any suggestions (Pipex for example) or you know of any decent PYRAMID schemes or suchlike, I'd be interested to hear of ways to make my money GROW.
Click to expand...

Ok, assuming that you are UK resident because you are talking about tenners...

First job - pay off your debts (if you have them) as much as you are able to, starting with the highest interest rates first.

Next Job - if you have a pension that your employer will match your contributions to, max out your contributions in line with theirs. It's free money.

Next job - max out your tax free allowances on ISAs etc. Keep doing this until you have about 6 months living expenses at hand in cash. Be careful which ISA you choose though as the rates vary enormously. Also, some non-ISA savings accounts now pay better interest even allowing for the tax that you will pay on them, so check this out too.

http://www.money.co.uk/

Do not put this wedge at risk.

Next job - you are now in a secure enough position to start taking some risks with further savings that you make (not the 6 month's money that you have salted away), so look at investing either through non-cash ISAs or via other platforms that will give you exposure to different investment products. This is a vast question on it's own. I do this myself online, but have spent years researching it and everyone makes mistakes. So long as your money is there for the long term you'll do ok, and the good will compensate for the odd cock up.

If you are not UK resident (looking at your profile thingy) then the advice is much the same, it's just where you put the money offshore that is different. PM me if you like.

:)
 










D

DerbyGull

Active member
Mar 5, 2008
4,380
Notts
Some of the companies who've taken a fall on the FTSE 100, 250, 350 etc, which is a lot of them. RBS, LLOYDS and TAYLOR WIMPEY (This being the highest risk of the 3) are ones im in with and am pretty confident they'll all at least triple in size if not more
 




Lokki 7

Lokki 7

WSU
Nov 1, 2004
7,279
Sitting on the dock of a bay, wasting time.
Buy gold. If the markets collapse again it's a safe haven and will go up. If the markets continue to recover then people will have more cash, particularly the Chinese and Indians and they tend to put that in gold so the price will rise. If there is unrest in the middle east or a major war, gold will go up. Gold is used as a hedge against high inflation so if the global re-inflation program over heats gold will go up.
Production can be increased but it takes time and ultimately gold is a scarce resource, it's very hard to see how supply will outstrip demand in the long run. You can easily but coins from respectable dealers from as little as £300.
Gold is trading close to it's high right now but if you are taking a long term view this shouldn't put you off.

http://www.atsbullion.com/index.html
 


T

Tooting Gull

Well-known member
Jul 5, 2003
11,035


Lokki 7

Lokki 7

WSU
Nov 1, 2004
7,279
Sitting on the dock of a bay, wasting time.
Tooting Gull said:
Normally if something was trading close to its high, that would put me off. Why not in this case?
Click to expand...

Basically, it's high for a reason. If Gordon Brown still has any knocking around he wants to let go at $250 again then great, otherwise you'll have to pay market rate with everyone else who wants in, $1,000. You'll struggle to find anyone who expects a big sell off in gold, Standard Chartered recently predicted next stop $1,350. All the factors that effect the price are positive, I hate to say it but the old adage of 'the trend is your friend' often works for commodities. Where was gold 10 years ago, where will it be in 10 years?
 






Daddies_Sauce

Daddies_Sauce

Falmer WSL, not a JCL
Jun 27, 2008
918
Might be worth you listening to the latest BBC MoneyBox podcasts, before they drop off the list:

Gold price soars broadcast 12 Sep 09 and Savings and Investments Broadcast 9 Sep 09

Both can currently be found here: BBC - Podcasts - Money Box
 


J

Jeep

Active member
Aug 1, 2003
627
For me the rainy day money is in premium bonds as they are safe and might win big. I would also look at putting a few quid into shares - In fact I put £200 into Provenxis (PXS) today. ..Wonder if I'll ever see it again!
 




larus

larus

Well-known member
Jul 7, 2003
6,580
In the land of hope and expectation....
acrossthepond said:
Ok, assuming that you are UK resident because you are talking about tenners...

First job - pay off your debts (if you have them) as much as you are able to, starting with the highest interest rates first.

Next Job - if you have a pension that your employer will match your contributions to, max out your contributions in line with theirs. It's free money.
Click to expand...


Good advice. Always pay off debts first, especially mortagages. There are sites which allow you to calculate the nett effect of overpayment on the total which you end up paying. It's staggering the amount you can 'save' by increasing the payments on your mortgage.
 




Tim Over Whelmed

Tim Over Whelmed

Well-known member
NSC Patron
Jul 24, 2007
10,798
Arundel
Take a look at a local company Allergy Therapeutics (AGY), before the flack starts I did well buying at 9p and selling around 22p, before they dropped back to about 14p. Now at 17 ish, seem a good punt ... value of shares up / down etc!
 






Blackadder

Blackadder

Brighton Bhuna Boy
Jul 6, 2003
16,145
Haywards Heath


Tim Over Whelmed

Tim Over Whelmed

Well-known member
NSC Patron
Jul 24, 2007
10,798
Arundel
PB prize fund may have just risen 50% but it dropped like a stone a year ago, that said I agree if you wish a safe investment it's PB but you are unlikely to make any more return than the Post Office etc?

Still feel shares hold the best opportunity to maximising the investment (but naturally at a higher risk)
 


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