£100

darcyvuqua

so i have a spare £100 this month i am toying with putting it into more premium bond

or

would i be able to turn this into anything more ie investing in to something even if it gives me £1 profit

your thought please:D

all replies will be thanked unless its from a troll

gregz0012

If you might need it in the next few year then a bank account would be a better investment. Premium bonds pay approx 3.4% return.

If you don't need to touch it then your pension would be a very tax efficient way to invest it.

ebyard

Go down the casino and stick it on red. Much better return than any bank/bs and probably a safer bet at the moment....

Interesting about PBs paying 3.4% (is that annual?) - most savings accounts are of this order now so perhaps it's time to think about bulk buying of PBs!?

Lokolo

Its not 3.4%. Its something like 2% now. And thats the average payout / person.

ebyard

I thought it sounded a little high! Only if you have oodles of cash and can spare the PB purchase limit should you even consider them.

darcyvuqua

ebyard wrote: »

Go down the casino and stick it on red. Much better return than any bank/bs and probably a safer bet at the moment....

Interesting about PBs paying 3.4% (is that annual?) - most savings accounts are of this order now so perhaps it's time to think about bulk buying of PBs!?

i was thinking about this surely you could make money from £100 in a casino with a little luck and knowing what your doing even betting on matches at the bookies that are 99% going to win stupid odds but a return is a return

ebyard

Not really. Gambling is gambling. If you're not fussed on losing £100 then do go and stick it on a roulette wheel.

I was tempted to stick £1000 on it not being a white christmas but the odds were so stupid that I'd have made £10 profit....and risked losing £1k...so you'd have to be a moron to even try it!

darcyvuqua

yeah the 1k for £10 is a little extreme

fullstop

Further down the page is a thread about Zopa . If you can afford to loose some of the £100 why not try lending some of it and see what happens.

Stompa

Lokolo wrote: »

Its not 3.4%. Its something like 2% now. And thats the average payout / person.

It's actually 1.8%.

http://www.nsandi.com/products/pb/rates.jsp

charlie53_2

I would suggest reading about matched betting (http://forums.moneysavingexpert.com/showthread.html?t=325861), it sounds like this would be pretty suitable for you.