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    £1000 to invest.. what should I invest in??

    What is the best bond/saving scheme to invest in at present time?
    Looking to invest £1000 so it accumulates over time (months/years).

    ...and no, dont say ' Invest in me! =D'

    thanks in advance.

    27 Comments

    Banned

    ...Me

    EDIT: Just saw the full thread, damn.

    Banned

    ...The Government

    Stanford Financial :whistling:

    RBS shares :thumbsup: (that's where i've put mine)

    Banned

    under your mattress, safest place

    Cash ISA if you haven't already used up your allowance. Only about 3.5% but that is tax free. Nothing else to beat that at this time, not for a fixed amount.

    What about paying some of your mortgage off (if you have one).

    I work in a top building society, and to be honest you are best off with either an Isa (if you havnt used out 2008-2009 tax allowance) or a 1 year fixed rate bond as rates are bound to go up in the near future.
    If you dont have an isa it would be best to put it in a high interest access account for a couple of months beacuse the good fixed rate Isa's will be unleashed in mid march!
    Hope this helps!

    Original Poster

    Dimitar Berbatov;4417891

    ...MeEDIT: Just saw the full thread, damn.



    Nice try :thumbsup:

    curtlyb;4417928

    RBS shares :thumbsup: (that's where i've put mine)



    RBS shares plunge on record loss
    news.bbc.co.uk/1/h…stm

    Uh oh! :?

    RBS have a cash ISA plus account for 3.51% variable
    And birmingham midshires have a 1 year fixed rate bond at 3.5% - online

    Under your mattress.

    Safest place for it - my dad just stopped paying into an ISA the other day - he told me.

    Put 6 years into it and is £1600 down on what he put in overall. That's just one example.

    Don't let the *******s fritter your money away.

    rolls royce shares are a good bet ---- order books are the fullest in the comapanys history -- engines have just been put back ( delayed ) --- once out of the crunch , the shares are going to 'fly' !!!!!

    Put it into the Church of England because Jesus saves! :thumbsup:

    robtallica;4418142

    Under your mattress.Safest place for it - my dad just stopped paying into … Under your mattress.Safest place for it - my dad just stopped paying into an ISA the other day - he told me. Put 6 years into it and is £1600 down on what he put in overall. That's just one example.Don't let the *******s fritter your money away.



    A cash isa will not lose your money.

    If a £1000 is a lot to you you put it into a cash isa (if you have not filled your 3600 quota) .
    If it's not take a gamble on a riskier investment.

    Spend it you wont get much back on a grand take a holiday and relax,

    Original Poster

    059;4417955

    Cash ISA if you haven't already used up your allowance. Only about 3.5% … Cash ISA if you haven't already used up your allowance. Only about 3.5% but that is tax free. Nothing else to beat that at this time, not for a fixed amount.



    thanks was also looking into an ISA- repped! :thumbsup:

    lilsta1303;4418109

    RBS have a cash ISA plus account for 3.51% variableAnd birmingham … RBS have a cash ISA plus account for 3.51% variableAnd birmingham midshires have a 1 year fixed rate bond at 3.5% - online



    Definately looking into an ISA, so how much return should I get in 1 year @ 3.51%? ( my maths is weak):oops: oh and thanks for all the helpful advice! repped! :thumbsup:

    Its a £35 return, def best bet and safest

    premium bonds - one win is £50 upwards so you'd beat the isa's straight away

    plus checking to see if you've won is something to look forward to at the start of each month

    Original Poster

    bargainhunter2009;4418435

    Its a £35 return, def best bet and safest



    thanks :thumbsup:

    scrumpypaul;4418565

    premium bonds - one win is £50 upwards so you'd beat the isa's straight … premium bonds - one win is £50 upwards so you'd beat the isa's straight awayplus checking to see if you've won is something to look forward to at the start of each month



    Currently own a premium bond - bought it in 1998 - not won anything yet :x .. its all chance, similar to the lottery i guess...:roll:

    Only much much lower chance of winning than the lottery.

    Banned

    robtallica;4418142

    Under your mattress.Safest place for it - my dad just stopped paying into … Under your mattress.Safest place for it - my dad just stopped paying into an ISA the other day - he told me. Put 6 years into it and is £1600 down on what he put in overall. That's just one example.Don't let the *******s fritter your money away.



    As below, he's invested in a Stocks and Shares ISA which can go up and down. Unless the company has gone bust he hasn't lost any money.

    sven256;4418241

    A cash isa will not lose your money..

    sven256;4418689

    Only much much lower chance of winning than the lottery.





    statistically you may or may not be right

    all i know is i have never won more than 1 x £10 in the whole life of the lottery, yet my premuim bonds have netted me over £1000 in winnings over the last three years.

    gotta be worth a chance when the very best isa is going to give you about £35

    can i interest you in a £1000 of the finest morrocan black

    blow up dollies.......
    This time next year, we'll be millionaires!:whistling:

    scrumpypaul;4418565

    premium bonds - one win is £50 upwards so you'd beat the isa's straight … premium bonds - one win is £50 upwards so you'd beat the isa's straight awayplus checking to see if you've won is something to look forward to at the start of each month



    Premium bonds are seriously the worst investment, i have customers who have the full amount in them which is £30k, and their winnings equate to 3% gross a year, take the tax off and your money has depreciated cos you havnt kept up with inflation.

    winnings are tax free!

    scrumpypaul;4429266

    winnings are tax free!



    Totally forgot it was winnings cos i was going on about interest

    They have to put them into an account though so they clear, and then they get taxed on the interest that earns.
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